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Meinl invests 380m euros of its own funds in 3 malls
Austria-based Meinl European Land, with assets worth around 4 billion euros, will invest approximately 380 million euros in the next two years in developing three malls in Romania, without r...
Slowdown of car sales could hurt leasing market
The rise of the leasing market could be affected this year by the slowdown in vehicle sales, after the leasing market experienced a major leap last year, by 54%, exceeding 4.9 billion euros....
Finance Ministry sells only half of T-Bills in H1
The Ministry of Economy and Finance (MEF) sold T-Bills worth half the originally estimated value in the first six months, but the estimated value of issues in the first three quarters reache...
2m-euro dividends for heirs of dispossessed interwar magnates
The inheritors of magnates Nicolae Malaxa and Max Auschnitt will collect dividends worth almost 2 million euros in all for their 7.85% stake in Property Fund. The heirs of interwar tycoon Ni...
Agras, added bonus to Uniqa's acquisition of Unita
Agras, an agricultural insurance company, which transferred its portfolio to Omniasig in May, will be taken over by Austrian group Uniqa. Uniqa recently took over Unita, the majority shareho...
NBR: 137m-euro profit after years of losses
The rising prices of gold and RON decline have driven the central bank's balance sheet into the black. Last year, the National Bank generated net income worth a little more than 137m euros,...
Raiffeisen Investment: 3.3 billion euros' worth of acquisitions in H1
The local merger and acquisitions market (M&A), which includes real estate sales, reached 3.3 billion euros in the first half of this year, compared with 1.1 billion euros during the same ti...
Imports account for 70% of ceramic tiles market
The local market of ceramic tiles will be dominated this year by imports from Italy, Spain and China, which will account for 70% of total sales, compared with 60-65% last year, amid a lack o...
Equity funds lose 25% of clients' money
Equity funds lost over a quarter of investors' money in the first six months of the year, after only 2 out of the 14 funds managed to lose less than 25%. The average performance of the 14 ov...