euros
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City Grill invests 4m euros to expand
The restaurant and coffee shop chain City Grill this year has budgeted investments worth 3 million euros in real estate and 1 million euros in developing and furnishing three new restaurants...
Presidential suite: from several hundred to almost 2,000 euros
One night of accommodation in one of Bucharest's luxury hotels has tourists pay 115 euros to 1,800 euros. Thus, the rate for a presidential suite can be 15 times higher than that of a standa...
Dufa Deutek estimates turnover worth 27m euros
The paint and varnish producer Dufa Romania derived turnover worth 21.6 million euros last year, seeing some 26% growth against 2005, triggered by the increase of the construction market. "W...
Transactions over 10,000 euros, tracked online by the authorities
As of January 28, the National Office for the Prevention and Fight against Money Laundering (ONPCSB) will have access to the National Bank's interbank communications network, enabling the ON...
Turabo Cafe targets turnover worth 7m euros
The Turabo Cafe chain, owned by businessman Tudor Dragomir Niculescu, posted turnover worth some 2.3 million euros (3 million dollars) in 2006, tripling in value against figures posted in 20...
Carabulea invests 40m euros in 2 Bucharest hotels
The Sibiu-based Atlassib group, controlled by businessman Ilie Carabulea, is in talks to acquire two plots of land in Bucharest, on which the group intends to start construction works on two...
Cream Line borrows 5.5m euros from Alpha Bank
Cream Line Romania, the producer of Finetti chocolate cream, has increased its loan from Alpha Bank by 2 million euros, and is to take out another loan worth up to 3.5 million euros from the...
Allianz-Tiriac: private pensions to top 1.1bn euros in 2010
Allianz-Tiriac, the current leader on the insurance market, is getting ready to file for a licence to manage optional private pensions (third pillar), stated Crinu Andanut, head of the compa...
Short-term debt goes up to 13.2 billion euros
The short-term foreign debt, which reflects the potentially volatile capital inflows and the export of credits in foreign currency inclusively, has increased by more than four times over the...