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Generali PPF takes over Ardaf and RAI Asigurari for 80m euros
ZF English · Insurance

Generali PPF takes over Ardaf and RAI Asigurari for 80m euros

This deal is "in the family", so to speak, as the seller is Czech fund PPF Investments, which took over Ardaf and RAI last March. Generali PPF Holding, a joint venture between groups General...

Angela Placinta · 27.06.2008 · 20:18 · 2 min
ZF English

Colas takes over ISAF in Bucharest

French group Colas, with turnover worth over 11bn euros, part of the Buoygues giant, has acquired the Railway Signalling and Automation Company ISAF SA in Bucharest, through its Colas Rail d...

Ziarul Financiar · 24.06.2008 · 20:44 · 1 min
ZF English

British manager takes over at Friesland

Friesland Foods Romania, leader of the local dairy market, with turnover worth over 120 million euros in 2007, will have a new managing director - Ian Gearing, as of September 1. From 2003 u...

Ziarul Financiar · 18.06.2008 · 19:14 · 1 min
ZF English

Investors withdraw over 60% of Premio fund's assets

Equity fund Premio, managed by Pioneer Asset Management, was left with assets worth just one million RON (277,000 euros), after investors withdrew 2 million RON (550,000 euros) from the fund...

Ziarul Financiar · 18.06.2008 · 19:14 · 1 min
ZF English

Germany's Multivac takes over Persys Engineering's operations

German-based Multivac, one of the largest producers of thermoforming machines worldwide, with turnover worth 500 million euros, will enter the Romanian market directly, after taking over the...

Ziarul Financiar · 16.06.2008 · 18:06 · 1 min
ZF English

Over 630 EU-based insurance brokers registered on market

Over 630 insurance brokers from the European Union have notified the Insurance Supervisory Commission (CSA) of their intention to operate on the Romanian market, according to data from the C...

Ziarul Financiar · 16.06.2008 · 18:06 · 1 min
ZF English

Bucharest lawyer earns over 2 million euros a year

The highest paid lawyer in Bucharest officially earned more than 7 million RON (about 2 million euros) in 2006, according to data ZF received from the General Directorate of Public Finance i...

Claudia Medrega · 16.06.2008 · 18:02 · 2 min
ZF English

Catalin Gavra, boss over a 500m-euro business

Catalin Gavra, former general manager of Ford's importer on the local market, has been appointed to head the auto retail division within Tiriac Holdings, which includes 14 dealers with a tur...

Ziarul Financiar · 12.06.2008 · 21:57 · 1 min
ZF English · Entrepreneurs

Cadouri Online targets over 5,000 monthly visitors

How important is enthusiasm and innovation when starting a business? What are advantages does an entrepreneur have? What qualities does a leader need to have to motivate other people? "Start...

Adriana Rosoga · 27.05.2008 · 20:27 · 2 min