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Mandatory private pensions: almost 3 million clients in three months
More than 2.93 million employees under 45 years of age have already chosen a fund for their mandatory private pension (pillar II) in the first three months since joining one has become possi...
Siderma sells land with 15 million euros
Textiles producer Siderma Bucuresti last week sold land and buildings (located in Bucharest, sector 6) to Balkanic Intertrade for 50.6 million RON (15 million euros). According to Siderma, B...
BitDefender appraised at 100 million dollars
Seven Romanian and American investors paid 7 million dollars (4.8 million euros) to buy a minority stake (less than 7%) in Romanian software security solutions developer BitDefender. The bus...
2.6 million employees have already joined a pension fund
Over 2.6 million employees under 45 have already joined one of the 18 mandatory private pension funds (the 2nd pillar). Sales have seen a significant slowdown over the last two weeks, whilst...
Partnership with Tnuva takes Greiner's turnover to 25 million euros
Sibiu-based plastic packaging manufacturer Greiner forecasts turnover worth approximately 25 million euros in 2007, up almost 30% on last year, when it registered 18.9 million euros, after i...
Online sales take Sony Center business to 17 million euros
New Link, the company that operates the Sony Center electronic specialist store chain, estimates almost 17 million-euro revenues this year, an increase of 55% on 2006, as a result of higher...
BRD sees most profitable third quarter ever: 80 million euros
BRD-SocGen, the second largest bank on the market in terms of assets has accumulated a 682 million RON (approximately 207 million euro) net profit in the first nine months of 2007, up 43% on...
A&D Pharma's bosses get another 2.5 million euros if targets are met
The five executive directors of A&D Pharma, a company with a 566 million-euro capitalisation on the London Stock Exchange, are set to receive 2.5 million euros in shares if the targets to in...
Africa Israel pays 78.8 million euros to get NCH out of Cotroceni Park
Real estate developer Africa Israel, controlled by Lev Leviev, one of the richest businessmen in Europe, has bought the 50% stake owned by US investment fund New Century Holdings (NCH) in Co...