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10m-euro turnover for furniture producer Larix
Larix, a producer of indoor and garden furniture, and of wood-made sports articles, estimates a 10 million-euro turnover for this year, up by some 35% against 2006. "Although last year our t...
Hot weather is as good as football for brewers' business
Beer sales increased to over 230 million litres in June, compared with the same time last year, which means Romanians spent over 200 million euros on buying beer in the first month of the su...
Three risk profiles for mandatory pension funds
Mandatory private pension funds (pillar II) are to be split into three risk profiles: low, medium and high, according to a methodology being developed by the Pension System Supervision Commi...
La Fantana examines 5 regional markets for companies to buy
La Fantana, the biggest bottler of water for water coolers, intends to acquire a European company by the end of this year, with the bottler's target markets including Hungary, the Czech Repu...
Vienna Insurance prepares for new acquisition
Austrian group Vienna Insurance, owner on the domestic market of Omiasig, Unita, Agras and Omniasig Life, plans to buy another insurance company by the end of this year, according to Omniasi...
UniCredit prepares credit norms for high-income clients
UniCredit Tiriac is currently in the process of establishing the regulations for granting credits to individual clients and expects to submit the norms to the NBR (National Bank of Romania)...
Miorita Videanu: We have received good offers for the Titan Mar land
Miorita Videanu, wife of the capital's general mayor Adriean Videanu, says she has received a few "strong" offers for the six-hectare plot of land of the Titan Mar plant in Bucharest, where...
Montero targets 400m-euro business for 2010
Pharmaceuticals distributor Montero, one of the top ten players in its industry has budgeted its 2010 business at a level four times higher than the 100m euros estimated for this year, becau...
British fund Equest to raise another 50m euros for Romanian investment
British real estate investment fund Equest Balkan Properties, which owns eight properties on the domestic market, aims to raise funds worth 50 million euros by September this year from the A...