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GFR owner invests 50m euros in hotels
Businessman Gruia Stoica, who controls rolling stock company Grup Feroviar Roman through Grampet, plans to invest over 50 million euros in the hospitality industry. The main investments will...
Transavia owner anticipates 100m-euro turnover after buying Avicola Bra[ov
Businessman Ioan Popa, who owns Alba Iulia-based Transavia and recently acquired the majority stake in poultry producer Avicola Bra[ov, expects the cumulated turnover of the two companies to...
Cora owner brings Match convenience stores to Romania
The Louis Delhaize group, which holds the Cora hypermarket network and the discount store Profi on the Romanian market, will enter the convenience stores sector with Match convenience stores...
Owner of Elit Cugir invests 1.5m euros in hotel in Alba
Dorin Mateiu, majority shareholder of Elit Cugir, one of the top five charcuterie producers on the Romanian market, has invested 1.5 million euros in building a four-star hotel in Alba count...
Boom TV owner takes over Turbo GSM stores
MCS Communications, part of a group that holds the importer of Samsung mobile phones and the satellite TV service Boom TV, has taken over 46 stores from the Turbo Photo&GSM chain and plans t...
RTC owner closes wine business
Businessman Octavian Radu, founder of RTC group, which registered a 260m-euro turnover last year, closed Depozitul de Vinuri company, one of the most important bottled wine importers, after...
Transavia owner sets his sights on Avicola Brasov
Businessman Ioan Popa, owner of Alba-Iulia-based Transavia - one of the biggest domestic poultry producers, which reported a 42m-euro turnover last year, plans to acquire an over 50% stake i...
RCS&RDS owner is Romania's second billionaire
The listing of the telecom group RCS&RDS in London will put a spotlight on Romania's second billionaire - Zoltan Teszari, 37, the main shareholder of the group. Romania's first ever billiona...
Alro owner to gain $94m from London Stock Exchange floatation
Vimetco Swiss company (the former Marco Industries), the majority shareholder in Alro Slatina (ALR) aluminium producer, expects to derive gross gains worth around $94m (almost 70m euros) fro...