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European Drinks spends 100m euros on beer
The European Drinks food group will invest up to 100 million euros over the next two years to boost the production capacity of their brewery in Draganesti, Bihor County. The company announce...
Romania on the GPS map
Israeli-based GPS & More yesterday launched the first GPS navigation product for Romanians, under the commercial name of iGO. GPS navigation is one of the development trends seen in the glob...
Simex: growth based on price hike
The Salaj-based furniture producer Simex Group posted sales of nearly 10 million dollars (7.91 million euros) in the first nine months, an increase of 11% on the same time in 2004. "Most of...
Cosmote starts price war on mobile telephony market
A nearly dead mobile telephony operator, Cosmorom, was yesterday relaunched under the new brand of Cosmote and announced an aggressive marketing policy chiefly based on lower tariffs than it...
1.5m-euro acquisition on credit market
Victor Vacaru, son of former Social Democrat Party (PSD) senator Vasile Vacaru, has recently sold 40% in credit broker Direct Credit to the Dubai-based investment fund Scimitar, sources clos...
BRD on consumer loans
Over the coming months, Socite Generale will operate new transfers of expertise to Romania in domains such as savings, structured financing and market operations, Philippe Citerne, CEO of Gr...
ECB interest rate hike to blame for decline on BSE?
Stocks on the Bucharest Stock Exchange started the week by going down, confirming the trend seen at the end of last week. All stock markets in the region ended the day in decline. The BET in...
Mutual funds on TV again
Investment management companies Certinvest and KD Investments took the first step in promoting their mutual funds through TV adverts. Mutual fund ads are back after a hiatus of more than fiv...
Equity and ING brokers on top
The deals whereby US-based investment fund QVT Fund took over more than 10% in Asirom decided the top two companies in the ranking of RASDAQ brokers in November. The top spot in the ranking...