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Mega Image takes over La Fourmi
Investment fund Global Finance has sold La Fourmi, which owns 14 supermarkets in Bucharest to Mega Image, the largest supermarket network in the Bucharest, Global Finance announced. Sources...
Mengotti to sell over 3m euros in luxury products
Italian Mengotti, which has already opened a multibrand luxury store on Calea Victoriei in Bucharest, will supply its store with more than 6,500 products whose value is expected to exceed 1....
Only 10 towns with over 50,000 inhabitants still untouched by mall developers
Mall developers have, over the past year, targeted cities with a population that ranges between 50,000 to 100,000 inhabitants, in their search for cities still untapped by their competitors....
One third of mandatory pension clients are over 35 years old
Around 34% of the 4,156,316 clients that joined a private pension fund (pillar II) are between 35 and 45 years of age, which means they joined the system even though they were not obliged to...
Romanian Lottery profit increases to over 44 million euros in 2007
Compania Nationala Loteria Romana (Romanian Lottery National Company) last year posted profit worth 148.39m RON (44.46m euros), an increase of 21% on the previous year, alongside total reven...
Asesoft could take over 25% in Curiero
Curiero, a Romanian-held postal and courier services company, is negotiating the sale of a 25% stake in the IT group Asesoft, controlled by Ploiesti-based businessman Sebastian Ghita. The tr...
Avion Systems in negotiations to take over Turbomecanica
Israeli group Avion Systems, which operates in the aeronautical industry, is in negotiations to take over aeronautical components manufacturer Turbomecanica Bucuresti (TMB). "We are holding...
Holcim takes over Ceprocim's engineering division
Swiss group Holcim, one of the largest producers of construction materials in Europe, at the end of last year took over Ceprocim Engineering, a part of the National Cement Institute (Ceproci...
Multinationals sell over 1.5bn litres of beer in 2007
The local beer market topped the one billion-euro mark last year, and reached a volume of 19.4 million hectolitres, up by just 9.6% against the same time in 2006, when 17.7 million hectolitr...