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Patriciu takes over UniCredit Securities
Businessman Dinu Patriciu (photo), the main shareholder of the Rompetrol group, has signed an agreement to take over the brokerage company UniCredit Securities, a member of the UniCredit Tir...
Merrill Lynch and Rotschild clash over sale of Asiban
It is only a matter of days before a consultant is selected to assist in the sale of the stakes of insurance company Asiban, which are currently held by BCR, BRD-SocGen and Banca Transilvani...
Over 4m-euro business for Synovate
Market research company Synovate Romania estimates an over 4 million-euro (5.5 million-dollar) turnover this year, over 30% more than in 2006. "The research market will use its current poten...
Fierce competition over top managers on real estate market
The current real estate boom has embroiled firms operating on the market into a competition to recruit individuals for high-level management positions. At least 10 top managers have changed...
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...
Kia Romauto to take over weak dealerships
Dan Chitaru, the general manager of Kia Romauto, the official representative of Kia automobiles domestically, says the importer will buy minority or majority stakes in the dealerships whose...
Daily traded value on forex market, over 1bn euros in May
The Bucharest forex market has registered a new liquidity record high in May, with the value of cumulated transactions climbing to 26.9bn euros. The all-time high reached in May exceeds the...
Hot weather to take ice cream sales over 100m euros
Ice cream producers, which derive 80-90% of their sales during the summer season, are counting on turnover increases as high as 40% this year, as a result of the high temperatures that helpe...
Hot weather pushes Cumpana sales to over 5.5m euros
The sales of Cumpana water for water cooler systems saw an almost 30% increase last year against 2006, reaching over 4 million euros. "We saw a positive trend last year, an over 20% turnover...