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Electric motors bring Coposes revenues to 140m euros
Ana Holding, whose owner is well-known businessman George Copos, has budgeted a business worth 140 million euros for this year, 15% more than the previous year. The profit of the group will...
South Pacific Group launches projects worth over 100m euros
South Pacific Group, an Australian-owned real estate development firm, which owns 50-60 hectares of land in small towns close to the northern part of Bucharest, plans to develop real estate...
Tender sells ARDAF stake to PPF Investments for 35 million euros
Czech investment fund PPF Investments has bought 56% in insurance company ARDAF following a 35 million euro deal with Tender SA, held by businessman Ovidiu Tender. PPF Investments conducted...
Petrom may earn 120m euros after selling land
Petrom, the largest domestic company, taken over by the Austrian petroleum group OMV, is analysing several possibilities through which it can exploit a plot of 200,000 square metres of land,...
Immoeast goes shopping again, spends 90 million euros for S. Park
Austrian investment fund Immoeast has bought the S. Park business park developed by Primavera Development close to Piata Presei, in an about 90 million-euro deal, one of the biggest transact...
Life insurance segment may reach 1bn euros by 2010
Romaniaes life insurance market is likely to get close to one billion euros by 2010 amid a yearly growth rate of 30%. "According to the latest research conducted both by AIG Life, and by spe...
Pambac banks on sales worth 49m euros
Pambac Bacau, one of the main producers in the milling and bakery industry recorded a turnover worth 41 million euros last year, up 32% against results reported in 2005, and a net profit of...
Rompetrol Gas estimates turnover worth 34m euros
Rompetrol Gas, the liquefied petroleum gas (LPG) branch of the petroleum group Rompetrol, estimates the turnover will rise by 10% this year compared with 2006 when it derived turnover worth...
Pic builds 2 hypermarkets with 50m euros
The Pic group in Pitesti, owned by Penescu brothers, the only domestically-owned company, which competes with the big retail chains, will open two new hypermarkets this year, following inves...