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Investments in Sema Parc rise to over 1bn euros
Sema Parc real estate project, developed on a 42-hectare area on the site of the former Semanatoarea plant, will attract investments worth above 1 billion euros in the next 10 years, up over...
Elmiplant to take Sarantis' business to over 50m euros
Sarantis Romania, the local branch of the Greek cosmetics distributor with the same name, which paid 6.5 million euros for the Elmiplant producer, forecasts business worth 52.3 million euros...
Over 1ha land plot supply in Bucharest about to dry up
The programme that entails the elimination of plants located within Bucharest is coming to a close. Republica, Titan Mar and Timpuri Noi are among the last "redoubts" in the way of real esta...
KazMunaiGaz intends to invest over 500m dollars in Rompetrol
Kazakh state-owned company KazMunaiGaz, which became the majority shareholder of petroleum group Rompetrol after it acquired an over a 75% stake, intends to invest 500 million dollars (330 m...
Over 150 foreign insurers on Romanian market in 2007
Over 150 insurers from the European Union have entered the Romanian market after they notified the Insurance Supervision Commission (CSA), and took advantage of the European passport. The bu...
Nivea brings Beiersdorf business to over 40m euros
Beiersdorf, which sells the Nivea brand, expects to maintain last year's 20% growth rate in 2008, which would bring the group's business to 43 million euros, against last year's estimated 36...
Dial Telecom taken over by Digital Cable Systems
Telephony operator Dial Telecom SRL Romania (DTR) has become a member of the Romanian digital television services provider Digital Cable Systems (DCS), following the purchase of the entire s...
Leasing market, over 3.3bn euros in 9 months
The companies belonging to the two professional associations in the sector, ALB and ASLR, which control almost 97% of the market, had released financing worth almost 3.19 billion euros by la...
Broadhurst sells two more assets for over 115m euros
American investment fund Broadhurst sold another two of its assets in Romania over the last few days, the AAC (Autoclaved Aerated Concrete) producer Elpreco, based in Craiova, and a company...