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Expansion takes Pic's sales to over 90 million euros
The Pic Group, owner of two hypermarkets in Pitesti and Craiova, estimates 50% higher retail sales against 2006, reaching over 90 million euros (300 million RON). The company witnessed sales...
First outlet park expects 1.3-1.6 million visitors in first year
Belgian real estate developer Liebrecht&wooD, which is conducting 120 million-euro investment in a retail park located next to the Bucharest-Pitesti highway, has announced that it intends to...
Immoeast takes over two RED projects for 120 million euros
Austrian investment fund Immoeast, the most active player on the domestic real estate market continues its local expansion by involvement in two more real estate projects in Baia Mare and Co...
Vincon Vrancea 2006 profit up some 15% to 2.1 million euros
Winegrower Vincon Vrancea posted 7.4 million RON (2.1 million euros) net profit last year, an increase of about 15% on the previous year's 6.4 million RON. The company estimated it would end...
Marcom doubles turnover to 46 million euros
Marcom company, the domestic distributor of Komatsu Japanese construction equipment brand and one of the major players on the domestic market, last year generated turnover worth 46m euros, d...
Mobexpert to invest 28 million euros in relocation
Mobexpert group, the largest player on the domestic furniture market will invest 28 million euros in an area near Targu Mures in order to move its production and logistics units to a new ind...
PNTCD leader makes 27 million euros in one week
The market value of the construction supplies manufacturer Prefab Bucuresti controlled by Marian Petre Milut has increased by 3.5 times, to almost 80 million euros. In the last week alone, P...
Immoeast buys Euromall Pitesti for almost 90 million euros
Immoeast, the most active real estate investment fund on the domestic market is in advanced talks to purchase the Euromall Pitesti shopping complex. According to sources on the real estate m...
Petrom's first quarter profit plunges 55% to 112 million euros
Petrom's turnover fell by 8% in Q1, to 815 million euros. "In the first three months we were faced with unfavourable conditions including lower oil prices and the strong appreciation of the...