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City Mall: from real estate to retail
The new owner of shopping centre City Mall, Australian investment fund APN/UKA European Retail Trust, will rearrange the tenant mix of the mall and bring a new "anchor tenant" within the yea...
SIF Transilvania gains 57m euros from Felix's listing
The listing on the Stock Exchange of Turism Felix, which holds the bulk of hospitality-related assets in Baile Felix, brought the company's majority shareholder, SIF Transilvania, theoretica...
3,3m-euro funding from BT Direct
BT Direct, the company within Banca Transilvania that provides financial leasing for individuals, last year granted funding worth 11.7 million RON (3.3 million euros). "The level is 28% high...
SIFs to collect 59m-euro dividends from BCR, BRD and Petrom
The SIFs (Financial Investment Companies) will collect dividends worth a total of 200 million RON (59 million euros) from BCR, BRD and Petrom this year, around 17% higher than last year. The...
Frigoglass wants 85m euros from refrigerated display cases
Frigoglass Romania, a provider of personalised solutions and services for commercial refrigeration, expects to derive a turnover worth 85.6 million euros this year, up 37% year-on-year and 7...
Banca Transilvania seeks to raise 41 million euros from shareholders
Banca Transilvania, the largest Romanian-controlled bank, intends to increase its share capital by about 217.7 million RON (65 million euros), by capitalising the net profit of 2006 and the...
Elpreco makes 39 million euros from construction materials
Construction materials producer Elpreco, based in Craiova, controlled by American investment fund Broadhurst, estimates a 25% turnover increase for this year, to some 48 million euros. "This...
Copos makes money from events
The five-star Crowne Plaza Hotel, owned by businessman George Copos, generated revenue of 5 million euros from hosting events and organising conferences, assisted by the its catering departm...
Medeus relocates production from a 17m-euro site
Charcuterie producer Medeus, based in Bucharest, with business worth 25 million euros, this year will relocate its production from Bucharest to a new plant in Chitila, as it intends to devel...