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300bn ROL profit for SIF Banat
Financial investment company (SIF) Banat-Crisana Arad made 300bn ROL net profit last year - preliminary financial results show, 22% more than in 2001. This result is 20% higher than estimate...
Hochland craves for pressed cheese
The Romanian branch of German cheese producer Hochland logged sales worth 20.4 million euros last year, up 15% since 2001. The company has recently entered the Romanian pressed cheese market...
Lower threshold for foreign investment
The minimal investment required from the foreign citizens that are or will become shareholders or partners of trading companies and at the same time hold or will hold management positions wi...
Astra Vagoane Calatori hopes for 25m euro sales
Astra Vagoane Calatori SA, specialised in production and repairs of railway cars estimates to attain some 25 million euros in turnover this year, while profit should amount to more than 10%...
Aerostar new aircraft cleared for takeoff to US
Aerostar Bacau got an order for 15 ultralight Aerostar 01 planes from the United States of America. This is a new type of aircraft designed, built and patented in 2002. Three of the planes o...
Investment fund looking for promising start-ups
Litexco Group, a European investment company, is to launch a venture-capital fund in Romania. The new entity will finance start-ups, said Bogdan Serban, head of Litexco's Romanian-based subs...
Megapress slated for sale
Megapress, the third-largest player on the Romanian market of printing companies has been put up for sale by its shareholders, businessman Sorin Penes and investment fund SociAétAé GAÃ...
Broadhurst pays $1.1m for 27% in Vel Pitar
US-based Broadhurst investment fund at the end of last week put out an offer to buy the last 27% in milling and bakery company Vel Pitar Ramnicu Valcea. Broadhurst offers 2,650 ROL/share and...
Project finance considered for Cernavoda
The Government is considering the possibility to have the necessary funding to build Unit 3 of the Cernavoda nuclear power plant obtained through project finance, which does not require any...