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Mittal Steel Galati steps back into the black
Galati-based steel plant Mittal Steel, a part of the Arcelor Mittal group, saw a 167 million-RON (47.3 million-euro) net profit last year, against losses of 161 million RON (44.4 million eur...
Interbrands steps into the black
Interbrands Marketing & Distribution, the biggest distributor of consumer goods, posted 1.7 million-euro net profit last year, after having reported losses worth around 2 million euros in 20...
Asirom steps into the black after two years
Insurance company Asirom managed to turn a profit last year, after two years of massive losses and now says profit takes precedence over its market share. Asirom, the second largest insuranc...
Starbucks sees Romania as springboard into the region
The opening of the first Starbucks coffee shop in Romania, which is also the first investment of the group in Central and Eastern Europe, comes five years after the American company Starbuck...
Europe Israel pays 23.3 million dollars to get into Radio House
Dambovita Center Holding, controlled by Israeli group Europe Israel paid Dambovita Limited 23.36 million dollars for a stake of 75% in the company that will develop the project on the site k...
Converting industrial facilities into offices proves lucrative
Conect Business Park converted two industrial properties in northern Bucharest into office buildings, where it charges a rent of 10.5 euros/square metre. Tina and Livio Burton took over the...
Comcereal Arad to split into two companies
Comcereal Arad shareholders have decided to split the cereal trading company in two, with the newly established company to take over part of Comcereal's share capital, according to company i...
Volksbank pumps another 100m euros into local branch
Volksbank, one of the most aggressive banks on the retail market, will get a 100 million-euro injection of capital from its majority shareholder. The bank will therefore operate a 112 millio...
Perla Harghitei taps into non-carbonated fruit juice market
Perla Harghitei producer of mineral water and soft drinks plans to boost its sales volume by 15% this year and also enter the market of non-carbonated juices. "This is the first year when th...