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16% lower profit for Impact in Q2
Impact Developer & Contractor (IMP) company generated a net income worth 8.6m RON (2.5m euros) in the second quarter of this year, above the budgeted level and 16.5% lower against the corres...
Lehman Brothers pays 16m euros for 5% of Adama
The powerful Lehman Brothers investment bank has joined the shareholder structure of Adama real estate development company by taking over 6.9 million shares accounting for a 5% stake in the...
Ion Gheorghe and Alexandru Haiduc get 40m euros for Bucharest land
The sale of assets and the 6-hectare area of land belonging to Compania Industriala Grivita, in Bucharest, will make Ion Gheorghe and Alexandru Haiduc, the main shareholders of the company,...
Citibank projects more than double growth for 2007
Citibank Romania will soon be operating the biggest distribution network of all the American group's regional subsidiaries (Poland not included), with the Romanian branch set to comprise 93...
Record sales for Hyundai in July
Hyundai sales on the domestic market in July saw an 89% increase against the year-ago period and reached 1,223 units, the highest monthly sales level of this year, according to Hyundai Auto...
Radu Timis seeks buyer for Cristim
Businessman Radu Timis, shareholder of CrisTim, the leader of the domestic charcuterie market, is negotiating with several companies from the charcuterie industry and also investment funds i...
Transgaz seeks partners for 10 million-euro investment
Transgaz Medias, the national natural gas carrier, aims to contract, through an open tender, a company to operate works related to the execution and installation of a natural gas pipe on the...
Nokia receives building licence for Cluj plant
Nokia has received the necessary building licence for its future Romanian plant, with works due to start immediately. Production operations are scheduled to start in the first half of 2008....
Consumer lending accelerated in May due to lower interests for RON
Consumer lending accelerated considerably in May, posting the fastest growth of the past nine months. Consumer finance gained steam as early as the beginning of spring, after witnessing a si...