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Clifford Chance takes over Badea, Georgescu lawyers
Clifford Chance, the world's biggest law firm, has teamed with the Badea, Georgescu&Asociatii law firm to enter the Romanian market, whose annual value is estimated at 100 million euros, in...
Construction sector takes economy to a record 6.9% pace in Q1
The economy has grown by 6.9% in the first quarter of this year, witnessing the fastest pace in the last seven years. This increase was fuelled by consumption (up 10%) and strong business in...
Romstal Leasing takes loan from Raiffeisen Bank
Romstal Leasing has contracted a loan worth ten million euros from Raiffeisen Bank Romania, which will be used to expand the company''s activity, stated Ionut Chirila, marketing director of...
Dinel Staicu officially takes over SIF Oltenia
Craiova-based businessman Dinel Staicu, an outspoken fan of the Ceausescu family, has officially taken over financial investment company (SIF) Oltenia, one of Romania''s most profitable comp...
JTI takes out loan in RON from ING
Cigarette manufacturer JT International Romania announced it would take out a credit in RON equivalent to 60 million dollars (47.2 million euros) from ING Bank this year, according to data p...
Sanex Cluj turnover takes a nosedive
In 2005, Sanex Cluj, one of the biggest producers of ceramic tiles registered a steep 66.6% decline in turnover, to 75.2 million RON (20.7 million euros). Moreover, amid shrinking sales, the...
Foreign money takes traded volume on forex market to record high in March
Foreigners'' money boosted the volume of transactions on the interbank forex market to a record 14.3 billion euros in March, an increase of more than 6 billion euros compared with the monthl...
UPC Romania takes over Focus Sat
UPC Romania has taken full control of the DTH satellite TV operator Focus Sat, after having acquired 50% last year. According to sources close to the deal, the market value of Focus Sat now...
Petrom takes over former Shell stations
Petrom, the biggest Romanian company, on Thursday announced that it had acquired 30 stations from MOL Romania, as well as MOL Aviation Romania, for which it gave 11 stations in return and pa...