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Tess Conex: 20m euros from car subassemblies
Tess Conex, a producer of car subassemblies and parts intends to reach a business of 19.5 million euros this year, an increase of 5% on the 18.5 million euros derived last year. In 2006, the...
Valmet: 35m euros from metallurgic products
Hunedoara-based Valmet Production, which manufactures steel-concrete products, and sells construction materials, has estimated a 35 million-euro turnover this year, an increase of 23% on 200...
Petrom employees could make over 500m euros from their 8% stake
Around 60,000 people, who have been Petrom employees since August 2003 until now, could share an over 500 million-euro profit from an 8% stake in Petrom they will receive from the state. The...
Sorin Stoica resigns from Dasimpex
Sorin Stoica, founder of mobile phones and accessories distribution group Dasimpex, which was sold last year to the Spanish investment fund GED, has resigned from his position as general man...
Cluj takes mutual fund performance crown from Bucharest
The BT Index and BT Maxim equity funds managed by BT Asset Management based in Cluj and Globinvest's Napoca, also based in Cluj are the top performing open-ended investment funds in the firs...
Farmacom, 23.5m euros from drug distribution
Brasov-based Farmacom, specialising in drug distribution, estimates a 23.5 million-euro (80 million-RON) turnover, up 25% against 2006, when this indicator stood at around 18.8 million euros...
Real estate investors from Poland move to Bucharest
Real estate funds present in Poland are preparing to enter the local market in search of higher yields, which in Romania are about 1.5% higher and are complemented by an unsaturated market....
Tariceanu removes PD from Government
Prime Minister Calin Popescu Tariceanu (photo) is sending the new government structure formula to Parliament for approval today, proposing 15 ministries at the most. The bill requires signif...
Card versus cash battle, far from being over
Visa sees a high potential on the domestic card market, in the wake of EU integration, both in terms of card numbers and use and plans the development of new products and programmes for cred...