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Investment fund Advent acquires Düfa for 18 million euros
The end of last week saw investment fund Advent sign an agreement whereby it will acquire 100% in the lacquer and paints maker Düfa Romania in a deal worth 17-18 million euros, sources close...
Cluj accounts for 40% of Rehaua??s business
Rehau Romania, a manufacturer of construction supplies, has completed a 2.5 million euro investment in new headquarters in Cluj. The building comprises both office space and a warehouse that...
Major failure for Romania as 120m-euro investment slips through its fingers
Romania has lost to Bulgaria the nearly 120 million-euro investments French Montupet, a maker of aluminium components for the automotive industry was planning for the construction of a facto...
TechTeam enters $12m contract for call centre services
The Bucharest office of American company TechTeam Global is to provide call centre services to an international travel agency as part of an approximately 12 million dollar (9.5 million euro)...
Private pensions mandatory for under 35s
The number of participants in private pension funds will increase to about one third of the active population, according to a proposal to modify the law. This would extend the mandatory requ...
Romar in talks for expansion
Medical service provider Romar intends to double receipts this year following expansion of its network, the establishment of a private hospital and of a maternity. Romar in 2004 posted appro...
120,000 euro losses for Abrom
Abrasive materials maker Abrom Barlad has posted approximately 120,000 euro (4.5bn ROL) losses in the first three months of the year, while total sales of the company stood at nearly 0.3 mil...
Dry wines fuel 50% growth for Cotnari
Cotnari, the wine market''s fourth-largest player, posted 50% higher sales in Q1 as compared to the corresponding period of last year, mainly from dry wines, though its main brand is Grasa d...
Radu Georgescu''s men finish the job for Bill Gates
After two years during which the entire IT industry had wondered what Microsoft was going to do with the technology bought from the GECAD Group from Bucharest, the answer finally came at the...