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Selgros: 30m euros for two stores
Selgros Cash& Carry will invest about 30 million euros this year to open two stores, one of them in Ploiesti. The two partners in this company, the German firms Rewe and Fegro Markt agreed t...
1.2m-euros in luxury furniture for Rovere Mobili
Italian furniture importer Rovere Mobili estimates sales of 1.2 million euros for its Phylosophy-branded store. "We invested more than 200,000 euros in arranging the Phylosophy showroom on C...
35m-euro losses for chicken farmers
Chicken producers saw losses of almost 35 million euros in the last three months of last year due to a 40% consumption drop, especially because of the bird flu. "Local producers had to cut e...
Softwin does not rule out acquisitions for expansion
Romanian IT company Softwin intends to expand outside Romania, by opening labs in other countries, according to Softwin founder and chief executive Florin Talpes. While other foreign IT comp...
Motoractive geared up for foreign markets
Motoractive Leasing is starting to survey the markets in Moldova and Bulgaria, which it could enter in an attempt to develop its business. The strategy of the company is to concentrate on ot...
Microsoft goes shopping for Romanian software again
Almost three years after the transaction whereby it acquired the Romanian-made antivirus product RAV, the world''s largest software developer Microsoft has acquired another Romanian company....
Money for BCR could arrive in 3 1/2 months
The payment for 61.88% in Banca Comerciala Romana could be transferred to the bank abroad in the next three and a half months, according to an estimate of the privatisation commission and Er...
166m-euro turnover for Holcim
Construction supplies manufacturer Holcim Romania, the local branch of the Swiss group, achieved a 27% turnover growth to 166 million euros in 2005, company officials say. "The turnover grow...
Cosmote moves to America House for 3.5m euros
The mobile telephony operator Cosmote Romania has rented more than 3,000 square metres of office space in the America House project located in Piata Victoriei, according to real estate marke...