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Zaharul Ludus derives over 1.6m-euro profit
Sugar producer Zaharul Ludus, based in Mures county, ended the first quarter of the year with net profit worth 5.9 million RON (1.6 million euros), much higher than the 87,000-RON income see...
Help Net drugstores sell over 13m euros' worth of cosmetics
Cosmetics have been sold within the Help Net network ever since its establishment, and could contribute over 13 million euros to Help Net's turnover this year, estimated at 68 million euros....
Culita Tarata forecasts over 65m-euro turnover
TCE 3 Brazi, held by businessman Culita Tarata, which operates in the industrial and agricultural sectors, estimates a turnover worth 65.3 million euros this year from agricultural productio...
Burci takes over three plants in Serbia
The International Railway Systems (IRS) group, held by businessman Cristian Burci has entered the Serbian market, by taking over, in partnership with a strategic investor, a 49% stake in hol...
La Caixa could pay over 70m euros for Libra Bank
American investment fund Broadhurst will collect over 70 million euros from the sale to Spanish group La Caixa of several stakes, which together make up 100%, of Libra Bank's capital, say ba...
New tour operators clash over leisure travel market growth
During the Sofia travel fair in February 2007, Corina and Aleksei Hinkov met Livent Aydin, general manager and a shareholder in the biggest tour operator on the Turkish coast. As a result, t...
Romanians spend over 270m euros on confectionery
The value of sales on the confectionery market amounted to around 924.5 million RON (around 277 million euros) last year, up 27.4% against the previous year, after chocolate tablets preserve...
Pump prices likely to rise by over 25% by yearend
Oil prices could reach 200 dollars/barrel, a price that even the most downbeat players, who projected a 150 dollar threshold early this year, could have hardly anticipated. Romania currently...
Astra-Uniqa invests over 2m euros in advertising
Astra-Uniqa, an insurer held by businessman Dan Adamescu and by Austrian group Uniqa, has budgeted expenditures worth over 2m euros for advertising, according to company representatives. Up...