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Bermo Group, 13m euros from 3 residential complexes
Arad-based Bermo Group forecasts turnover worth over 13 million euros for this year, and expects to finalise and sell the three residential projects (currently under development) by the end...
BT takes 20m euros from DEG to fund SMEs
Banca Transilvania (BT), the fourth largest bank in the system in terms of assets, has taken out credit worth 20 million euros from German fund DEG. The bank will use these funds to sustain...
ING RED: Real estate benefits from credit crunch
ING Real Estate Development (ING RED), the real estate development division of the Dutch group ING - a giant on real estate markets, targets investments worth at least 600 million euros in R...
Lugera: Highest profits come from recruitment
Personnel recruitment brings Dutch-based Lugera & Makler the highest profit margins, around 30%, three times more than personnel leasing. The company, ranked second on the domestic recruitme...
Wine sales shift from restaurants to supermarkets
Wine sales in super and hypermarkets have gained further ground against those operated through traditional channels such as hotels and restaurants, and accounted for 70.9% in overall sales b...
Derivatives on BSE from April 14
The Bucharest Stock Exchange (BSE) will launch derivative financial instruments on April 14, using the shares of ten companies on the BSE and the RON/EUR and RON/USD as underlying asset. The...
Sale of La Fourmi marks exit of funds from food retail
On a market of almost 3 million consumers, where land prices may amount to as much as 2,000 euros per square metre and rents for supermarket space exceed 25-euros/square metre, the sale of L...
BlueAir adds new flight from Arad airport
BlueAir, the largest low-cost operator on the Romanian market, will introduce flights from Arad to Barcelona at the end of the month, in the wake of which the airline will operate four forei...
Poliflex derives 40m euros from polyurethane foam
Poliflex, a domestic producer of flexible polyurethane foam, forecasts turnover worth 40 million euros this year, up approximately 15% on 2006. In terms of total sales, the Sibiu-based compa...