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100m-euro assets for ABN''s consumer banking arm
The consumer banking division of ABN Amro Bank, launched in mid 2004, has come to total 100 million euros in assets, says Haris Hanif, vice-chairman of the bank coordinating the retail segme...
Romania accounts for some 10% of Wintershall business
Wintershall-owned companies in Romania posted turnover worth over 700 million euros last year, therefore the operations in this country contributed more than 8.4% of the global sales of the...
Actavis buys Sindan for 150m euros
The Icelandic pharmaceutical company, Actavis, has acquired the local oncologic drugs producer Sindan in a transaction valued at some 150 million euros. Actavis acquired both the production...
12 million-euro revenues for Absolut Vodka importer
The Cristalex company, one of the top players on the market of imported spirits, last year posted a 33% growth in turnover, to 8 million euros, in the wake of a marketing and sales reshuffli...
Holcim budgets 190m euros for this year
Construction materials manufacturer Holcim Romania, the local branch of the Swiss group, estimates to see a growth of 14% in turnover this year, to 684 million RON (190 million euros). "We e...
35m-euro turnover and 350,000 passengers for Blue Air
Blue Air, the low-cost airline, expects 350,000 passengers and turnover worth 35 million euros this year, after exceeding the estimations projected for the level of turnover in 2005 by 33%....
ACE starts work for Renault and Citroen
ACE Romania, producer of electric automotive parts will start production for Renault''s Clio and Megane models, as well as for Citroen in a few months. "We have been in talks for a few month...
Eforie sells assets to pay for modernisation
Turism, Hoteluri si Restaurante Marea Neagra (Black Sea Tourism, Hotels and Restaurants - THR), the former Eforie company, has put on sale 35 tourism assets for which it is asking at least 1...
Accor sets up a company for Novotel hotel
The French Accor hotel chain, which manages four hotels on the Romanian market, has set up a company to run the Novotel hotel of the capital city. The French will operate Novotel through a s...