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GTC forecasts 100m-profit from apartments
Israel's Globe Trade Center Romania (GTC) real estate company, the developer behind the America House and Europe House office projects, estimates it will gain around 100m euros when it sells...
Cinca steps down from the helm of Flamingo
Flamingo International stepped into the black in 2007, amid a 30% sales increase, to 170 million euros. Electronics and home appliances retailer Flamingo International (FLA) reported busines...
Holzindustrie, 90m-euro loans from two Austrian banks
Austrian group Holzindustrie Schweighofer, one of the main players in the wood processing industry, has taken out a 90 million-euro loan in order to sustain investments it is carrying out in...
ECDC: 85m-euro profit from real estate
British investment fund European Convergence Development Company (ECDC), which holds 50% in Asmita Gardens and Cascade Euro Tower real estate projects, forecasts profits worth around 85 mill...
IKEA: We buy too little furniture from Romania
IKEA, the world's largest furniture retailer, boosted the volume of furniture purchased from Romania by over 20% in 2007, and estimates to maintain the same rate in 2008. "From the domestic...
Pirelli recruits Romanian workers from Italy for local market
Italian tyre producer Pirelli will recruit skilled Romanian workers from Italy in 2008 for its Romanian-based plants, as part of a project conducted by the Ministry of Labour in partnership...
Up to 1bn euros from eurobonds
Romania could borrow up to 1 billion euros in the 1st quarter of next year, through a ten-year eurobond issue, which will be managed by three investment banks - Eurobank EFG, UBS Bank and Cr...
Islands for sale, from 350,000 euros
Real estate consulting company Coldwell Banker is promoting a portfolio of exotic islands, which are up for sale, with prices ranging from 342,000 euros to 27 million euros. These islands ca...
Hidroconstructia borrows 60m euros from BRD-led consortium
Hidroconstructia, the largest construction company in Romania, has secured a syndicated loan worth 60 million euros, from a consortium led by BRD-Groupe Soci?t? G?n?rale, in order to finance...