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Another 40m euros from London heading this way
Reconstruction Capital II (RC2), the first investment fund listed on the London Stock Exchange (LSE), which focuses on investments in Romania, has raised another 40 million euros beside the...
First charter from abroad to Bucharest
Bucharest-based travel agency Blue Line Travel intends to operate up to six charter flights a week from Israel to Romania, stated Iulian Andrei, general manager of the company. The project w...
Paralela 45 makes 4m euros from Chicco products
Paralela 45 Turism this year estimates a 15% growth in turnover, as it attained a contract to import Chicco children products. "Last year, national sales stood at 4 million euros, 25% more t...
JTI Romania borrows $21.5m from ING
Cigarette manufacturer JT International Romania will contract a 21.5 million-dollar (17.8 million-euro) loan from ING Bank this year, according to information published in the Official Gazet...
Deductible interest rate down from 7 to 6%
The deductible level of the annual interest rate for the 2006 fiscal year for loans in foreign currency contracted from entities other than banks or non-bank financial companies will drop fr...
Managing team separates from RAEF
Managers of the Romanian-American Enterprise Fund (RAEF), one of the leading investment funds on the Romanian market have set up their own company, Enterprise Capital. They took this step in...
Astra Romana makes profit from sale of Asirom shares
Astra Romana Refinery at the end of last year posted 2.3 million RON (0.64 million euro) net profit, after having made losses of 2 million RON (0.65 million euros) in 2004. The refinery made...
Otelinox could be delisted from BSE
Otelinox Targoviste, special steels manufacturer and a part of the Korean company Samsung, could be delisted from the Bucharest Stock Exchange. Otelinox is the fourth listed issuer to announ...
Auchan takes out 10m-euro loan from BRD
BRD-Groupe Societe Generale granted funding worth 20 million euros to MGV Distri-Hyper, the company developing the Auchan network of hypermarkets in Romania. "This agreement, whose first sta...