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Cristian Burci in talks to buy Astra Vagoane from Trinity Industries
Businessman Cristian Burci is in talks to buy Astra Vagoane Arad factory from the Americans at Trinity Industries. The deal also entails buying other companies of the European division of Tr...
106.2m euros from the World Bank
World Bank's Executive Board has approved a 106.2 million-euro loan in Washington, which will be granted to Romania as funding for a municipal services project, the international financial i...
Fornetti makes 3.5m euros from pastries
Pastry producer Fornetti last year posted a turnover worth 62.7 million RON (17.3 million euros), a 47% increase against 2004, and a gross profit worth 12.8 million RON (3.5 million euros),...
IKEA's acquisitions from domestic market up 10%
Hendrik Notmeijer, trading area manager with IKEA Trading, says that in the first half of the year the company's acquisitions in Romania were 10% higher against the similar period of last ye...
PWC gets 12m euros from the sale of Electrica's "jewel"
PricewaterhouseCoopers (PwC), a part of the so-called Big Four professional services companies that operate worldwide, is to collect a fee worth 1.5% of the value of Electrica Muntenia Sud's...
Dedeman borrows 15m euros from ABN Amro
The Bacau-based Dedeman company, which sells construction materials, has contracted a loan worth 15 million euros from ABN Amro Dutch bank, according to the company's representatives. "We wi...
UTI takes out 11m-euro credit from OTP
The UTI group has signed a credit agreement with OTP Bank, worth a total of 11 million euros, with the amounts to be used for the group's routine operations, according to company representat...
Pfizer Romania gets new boss from Portugal
Stanley Mendonca, the current marketing director of Pfizer Portugal, has been installed as the new general manager in the Romanian office of the American drug maker Pfizer. Representatives s...
Puratos makes profit from bakery ingredients
Puratos, the domestic branch of the Belgian group of the same name, which operates in the industry of ingredients for bakery and patisserie, last year registered turnover worth 55.4 million...