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BCR takes the market by surprise with 3.75% deposit interest rise
BCR, the leader of the banking system, operated an increase in the interests paid on RON deposits from its clients by 3.75%, which came as a shock to the market. After this leap, the interes...
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...
Avicola Slobozia's profit takes plummets
Avicola Slobozia, a poultry rearing and meat processing company, posted revenues worth 64.7 million RON (19 million euros) last year, down 2% against 2006, while net profit fell almost 18 ti...
BT takes 20m euros from DEG to fund SMEs
Banca Transilvania (BT), the fourth largest bank in the system in terms of assets, has taken out credit worth 20 million euros from German fund DEG. The bank will use these funds to sustain...
Credit crunch takes the wind out of the sails of some real estate investors
Over the past few days four major investors on the Romanian real estate market have announced that they will drop some of the projects in their early stages of development, declines in the v...
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...
Winmarkt deal takes Siminel's exits to 0.5 billion euros
Businessman Siminel Andrei, chairman of NCH Advisors, a company that manages the local operations of investment fund Broadhurst has decided to sell the Winmarkt network in Romania to Italian...
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...
SIF Transilvania takes over Orsova Shipyard
SIF Transilvania (SIF3 - financial investment company) will increase its stake in Santierul Naval Orsova (SNO - Orsova Shipyard) to 61%, after the merger by absorption between SNO and Consta...