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Tiriac has over 500 million euros planned for real estate developments
Businessman Ion Tiriac, thought to be the richest Romanian, is now focusing on the real estate business, which has become the strategic direction for the expansion of his business. Tiriac no...
Aquila goes past 115 million euros
The Aquila Romanian group, one of the major players on the distribution market, for this year forecasts an approximately 30% increase in turnover from 2005, as the group aims to develop on t...
Dufa founder makes second exit for 16 million dollars
Marius Ivan, one of the founders of the paints and enamels business Dufa Romania collected 16 million dollars (13 million euros) from the sale of the 35% stake held in Henkel Bautechnik Roma...
Magnetti invests 4 million euros in prefabs
According to company officials, Magnetti Prefabricate, the local branch of the Italian producer of construction materials, will post a turnover of 4.5 million euros in 2006, in its first yea...
Alro invests 25 million euros in Alprom
Aluminium alloys producer Alprom Slatina, controlled by Alro Slatina, the biggest primary aluminium smelter in Central and Eastern Europe, this year intends to make investments worth some 30...
Kronberger invests 3 million euros
The Kronberger group, involved in production and distribution of bricks and ceramic blocks, will this year complete an investment worth 3 million euros in retooling and expanding brick produ...
25 million euro residential project in Corbeanca
Marr Capital company will invest 25 million euros to develop Corbeanca Forest residential complex on a 7.5 hectare area in Corbeanca, 20 km away from Bucharest, announced the Eurisko real es...
Altex: 29 million euros from production of computers
Complet Electro Serv. (CES), the IT production division of Altex, the biggest local electronics and home appliances retailer, will estimates to post 29 million euros in turnover this year, 6...
Petrom could disburse 206 million euros in dividends
Petrom announced yesterday that it might resume granting dividends to shareholders, with the amount proposed for 2005 being 738 million RON (some 210 million euros), after the company posted...