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TCE Logistica steps into the black
Courier company TCE Logistica (TCE Logistics) will step into the black this year, after it registered losses worth 780,000 euros last year, according to the website of the Ministry of Financ...
A&D Pharma looks into expansion by greenfield investments
A&D Pharma has put together its international management team, which now consists of five people, in the first half of this year. David Ebsworth, with over 25 years' experience in the pharma...
Baneasa Investments to step into the black in one year
Baneasa Investments, the developer of Baneasa project of northern Bucharest, which entails investments of almost 2 billion euros, is going to turn into the black next year, according to the...
After real estate, Africa Israel taps into hotel market with 18m euros
Africa Israel Hotels, a subsidiary of Africa Israel real estate group controlled by Lev Leviev, one of Europe's wealthiest businessmen, is set to enter the domestic hotel market through the...
Targu Mures airport likely to enter into partnership with private firms
The chairperson of Mures County Council, Lokodi Edita Emoke, stated she asked the management of Transilvania airport to draw up a study on the investments needed to develop the airport, addi...
Piraeus injects 172m euros into domestic division
Piraeus Bank, a major financial group on the Greek market, has conducted a capital increase worth 172 million euros for its Romanian unit. In the wake of this cash injection, the share capit...
Sale of 75% in Rompetrol turns Patriciu into Romania's richest man
Dinu Patriciu, chairman and owner of the Rompetrol Group (registered in the Netherlands) has sold a 75% stake in the company for 2.7 billion dollars to Kazakhstan's state-run petroleum compa...
Demand for foreign cars eats into Dacia sales
Sales of new cars in Romania rose by 22.4% in the first seven months of this year, to 177,685 units, compared with the same period in 2006, according to statistical data released by the Asso...
Petromidia steps into the black
Rompetrol Rafinare Constanta - Petromidia (RRC), part of the Rompetrol group controlled by businessman Dinu Patriciu, generated net income worth 15.4m RON (4.68m euros) in the first half of...