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Hungarians at ASA put prefab plant up for sale
Hungarian-based ASA group is in talks to sell its operations in both Hungary and Romania, in a deal worth around 100 million euros, according to market sources. The most advanced negotiation...
Stanton Chase: A CFO won't go for less than 3,000 euros
"A CFO (chief financial officer i.e.) won't sit down and talk if offered less than 3,000 euros in net amount per month," says Mihaela Damian, managing partner of executive search company Sta...
Tender sells Atlas Gip for 16.6 million euros
US-based Weatherford group took over the majority interest in coring company Atlas Gip (ATGJ) based in Ploiesti from businessman Ovidiu Tender via three special deals on the RASDAQ market on...
Constanda sells 1.63 ha of French Village for 68m euros
Businessman Constantin Constanda has received around 68 million euros from the sale of 1.63 hectares of land in Satul Francez (French Village) to Greek firm Raptis Kavouras, a deal that put...
Intesa drops fee for ATM withdrawals
The Italians at Intesa Sanpaolo are launching a package on the retail market that contains a current account and a debit card that allows customers to withdraw their money without being char...
575m euros available for companies that create over 500 jobs
The companies that invest more than 100 million euros and thus create at least 500 jobs will get state aid worth up to 25 million euros, with the total value of funds allocated for 2008-2012...
Czechs buy Avioane Craiova for 16 million euros
Czech AERO Vodochody, held by private equity fund Penta Investments, will take over the majority interest in aircraft manufacturer Avioane Craiova, after the State Assets Resolution Authorit...
Aggressive battle for retail puts Piraeus among top ten banks
The Greeks at Piraeus Bank have become one of the top ten banks on the market in terms of assets, with 4.1% share of the market, while ING Bank slipped out of the top ten, reveals a ranking...
Ilie Carabulea: " We need to prepare for when foreign investors leave"
Ilie Carabulea, the Sibiu-based businessman who controls Banca Comerciala Carpatica and the Atlassib group, believes Romanian entrepreneurs need to be prepared for when major foreign investo...