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50% profit margin for Crowne Plaza
Crowne Plaza, the Bucharest-based five-star hotel, which is part of Ana Hotels' portfolio, a company controlled by businessman George Copos, posted a net profit worth 10 million RON (3 milli...
America House sold for 120m euros
The America House office building, located in Bucharest's Victoriei Square, is set to be taken over by the French company Ixis, after a record-high (120 million-euro) transaction, real estat...
Edy group expands transport service for rail and river
Edy group, which is based in Hunedoara and expects to see business worth 100 million euros this year from transport, distribution and logistics, for clients such as Coca-Cola, IKEA, Unilever...
Deva set for 140m-euro investments in retail and tourism
The town of Deva could attract investments worth 140 million euros in retail and tourism within the next two years. A series of foreign investors, which include Carrefour and the hotel chain...
Intersport poised for faster expansion
Intersport, one of the world's major sporting goods retailers, currently holding four units on the domestic market, is going to speed up its expansion pace starting next year, planning to op...
Transelectrica earmarks 150m euros for cable to Turkey
Transelectrica, the national power transmission company, is set to invest at least 150m euros by 2020 for the construction of a submarine power cable for energy transmission to Turkey and fo...
Danila: Banks are risking too much for market share
Banks are starting to take on increasingly higher risks in the race for a bigger market share, with unguaranteed consumer credits potentially becoming the main weak spot, says Nicolae Danila...
General Motors considers Romania for plant
General Motors could shortly begin investments in order to develop a production centre in Romania, with Cluj as a potential location for the future plant, close to the Nokia Village. General...
British fund EEPF has 20m euros for three acquisitions
Real estate investment fund Eastern European Property Fund (EEPF), listed on the AIM market of the London Stock Exchange, intends to acquire three real estate properties in the Capital by th...