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18% growth for Interamerican
Interamerican, the Romanian branch of one of the leading Greek insurers logged underwritten premiums worth 139.7bn ROL in Q1, this year, up 38% in ROL from the same time last year. Consideri...
Romsar floatation for new HQ
Cosmetics importer Romsar Cosmetics, part of the Greek group Sarantis is planning to invest approximately $2 million in building its own headquarters. "The investment is very much up to the...
Vinci poised for growth in Romania
After five rather discreet years on the Romanian market, Vinci, one of the world's leading construction companies is beginning to make its presence known. In the past two years, projects wor...
SIF Banat gets $5.6m for West Bank stake
Societatea de Investitii Financiare (Financial Investment Company - SIF) Banat-Crisana got $5.67 million for the 22% in West Bank it sold to Italy-based San Paolo IMI group. SIF Banat-Crisan...
Debts for shares at Rulmentul
Bearings maker Rulmentul Brasov yesterday summoned the General Shareholders Meeting to turn into shares the $8.5m receivables the Banking Assets Resolution Authority (AVAB) holds over the co...
Milestone in search of cash for Romanian market
American financial group Milestone Merchant Partners, which manages the Romania and Moldova Direct Fund (RMDF) investment fund is planning to raise $50 million for a new regional fund aimed...
Positive Q1 results for hotels
Bucharest-based hotels posted positive results in the first quarter despite gloomier projections launched at the beginning of the year, which were caused by the perspective of a long war in...
EU slowdown, no excuse for Romanian exports to follow suit
Romania has no reason why it should not maintain the two-digit target for the annual growth of its exports, though its main trade partner, the European Union, is confronted with a weak econo...
IMF: conduct reform, watch out for slippages
The development of the Romanian economy is still far from the stable growth image constantly presented by the authorities. Behind the macroeconomic statistical data lurks an unrestructured e...