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Anchor to spend 60m euros on residential projects
Anchor Grup, the developer of the Plaza Romania and the Bucuresti Mall, will invest approximately 60 million euros in building two residential complexes. "The projects include construction o...
Employees'' shares hurt Petrom''s performance on BSE
The shares of Petrom, the largest company listed on the Bucharest Stock Exchange, fell by nearly 7% during the trading session yesterday and ended the day 5.2% lower than in the previous ses...
STK Financial launches fund on BSE
The investment management company STK Financial, based in Cluj-Napoca, has launched its first private investment fund, which will be listed on the Bucharest Stock Exchange. The fund, called...
On the moove
David Bechtel, Director General Preluarea companiei americane de IT Intellisync, a carei activitate este realizata in mare parte la Cluj-Napoca, de catre compania finlandeza Nokia, a determi...
Cargo Partner banks on growth outside Bucharest
Cargo Partner Romania, the cargo shipping company this year estimates turnover worth 9.5 million euros, more than 60% higher compared with 2005. At present, the firm owns two branches, one i...
Ranbaxy closes biggest transaction on pharmaceutical market
Indian pharmaceutical company Ranbaxy acquired drugmaker Terapia Cluj-Napoca for 325 million dollars (approximately 270m euros). The seller is investment fund Advent International, which bou...
Phoenicia bets on smaller prices to be competitive
Dinel Saizu, the general manager of the Phoenicia four-star hotel, is banking on smaller prices and the development of an entire chain in the battle with international hotel chains. "Everybo...
TBI sets eyes on International Leasing
TBIH, the financial services arm of Kardan, the Israeli group, is interested in taking over the Bucharest-based International Leasing company, and two of the three other branches opened outs...
On the moove
Vel pitar - Florin Tataru, director national de resurse umane Florin Tataru s-a alaturat echipei Vel Pitar ca director national de resurse umane la sfarsitul lunii februarie. El va coordona...