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Austrians at LLI take over Loulis' Romanian operations
Austrian Leipnik Lundenburger Invest (LLI) controlled by the Raiffeisen group, will buy 60% in Loulis Romania from Greek Loulis International Foods, in a deal worth 50 million euros. LLI pos...
Oresa Ventures sells La Fantana for over 35 million euros
The Swedish investment fund Oresa Ventures is close to selling the La Fantana business- the biggest bottler for water cooler systems, to a financial investor for more than 35 million euros,...
5% of savings set up for over one-year maturity
Only 5% of the population's deposits are made for periods longer than a year, while 30% of them are overnight deposits, shows data for January supplied by the NBR (National Bank of Romania)...
BRD targets over 232m-euro profit
BRD - Groupe Societe Generale, the second-largest bank in terms of asset value, has budgeted a minimum 15% net profit increase for this year according to the budget draft, which will be disc...
Card versus cash battle, far from being over
Visa sees a high potential on the domestic card market, in the wake of EU integration, both in terms of card numbers and use and plans the development of new products and programmes for cred...
Holcim plans over 68m-euro investments
Cement producer Holcim Romania will invest 68 million euros this year in equipment, the construction of aggregate and concrete-mixing stations and in environmental protection, stated the com...
Leoni makes over 4m-euro profit
The local branch of the German group Leoni, which produces electrical and other types of wiring for the automotive industry, as well as home appliances, telecommunications products and mecha...
Siemens announces plan to take over Frosys
Siemens SRL has announced it intends to take over 100% of the shares of automation company Frosys SRL, based in Cluj-Napoca. It also intends to integrate the Cluj-based company into its divi...
BT Asigurari takes over Ardaf's place in top 10
The top ten players on the insurance market last year underwrote gross premiums worth 1.31bn euros on a market worth 1.6bn euros, considering that 41 insurance companies were active on the m...