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Asesoft shareholder taps into agricultural business
Iulian Stanciu (photo), a shareholder in the IT company Asesoft Distribution, which estimates a business worth 95 million dollars for this year, has acquired 50% stakes in two companies invo...
3i investment fund buys into airport cleaning company
Cristi Borcea, the chief executive of Dinamo Football Club has sold 20% of the professional cleaning company Romprest Service, in a deal involving the 3i investment fund, which received a 30...
Unita sees profit five months into the year
Unita, an insurance company controlled by the Austrian group Vienna Insurance, reported an approximately 108,000-euro (362,000-RON) profit in the first five months of this year, after it had...
Investments eat into banks' profits
The net profit of banks in the first five months of 2007 has stagnated at around one billion RON (327 million euros), against the same time last year, according to data reported to the Natio...
Unita steps into the black in April
General insurance company Unita, a member of the Vienna Insurance Group, stepped into the black at the end of April, after it had posted losses worth 21.39 million RON (6 million euros) last...
Libra Bank steps into the black in Q1
Libra Bank, a small player in the banking system, held by American investment fund NCH, has posted a net profit worth 341,725 RON (101,000 euros) for the first quarter of this year. The bank...
Asiban steps into the black
Insurance company Asiban posted 2.84 million RON (0.8 million euros) in net profit in the first four months of this year, after seeing losses worth 6.6 million RON (1.8 million euros) in the...
Prosecutors launch probe into transactions with SIFs
The prosecutors with the National Anticorruption Department (DNA) have started a probe into the transactions conducted with the financial investment companies' (SIF) shares on the Bucharest...
Profi network steps back into the black
Profi Rom Food, which operates the Profi hard-discount store network, stepped back into the black last year, when it posted an approximately 0.5 million-euro gross profit. The retailer had r...