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Labormed sale takes drug market deals to over 650m euros
ZF English · Companies

Labormed sale takes drug market deals to over 650m euros

LaborMed Pharma, the drug manufacturer, owned by five Romanian entrepreneurs, has been acquired by Advent investment fund in a deal estimated to be worth approximately 120 million euros, acc...

Roxana Grigorean · 08.02.2008 · 19:21 · 2 min
ZF English · Insurance

Car insurance takes BCR Asigurari's turnover to 174m euros

BCR Asigurari, ranked third on the general insurance market, saw turnover advance by almost 45% last year, to around 174m euros (580m RON). "We did very well on comprehensive and auto liabil...

Angela Placinta · 01.02.2008 · 20:39 · 2 min
ZF English

Raiffeisen Banca pentru Locuinte takes over rival HVBL

Raiffeisen Banca pentru Locuinte (RBL), a subsidiary of Raiffeisen Bank that specialises in the management of a housing savings and loan system is preparing to take over the only competitor...

Razvan Voican · 28.01.2008 · 18:44 · 2 min
ZF English

Cargus takes out first credits for expansion

Cargus, one of the leading players on the domestic courier market, will start an investment programme worth over 10 million euros this year, in order to sustain an annual 50% turnover growth...

Ziarul Financiar · 16.01.2008 · 18:14 · 1 min
Angela Cretu takes over Avon operations in 8 countries
ZF English

Angela Cretu takes over Avon operations in 8 countries

Angela Cretu (photo), 33, general manager of cosmetics company Avon Romania, has been appointed as head of the cosmetics producer in South-Eastern Europe and will coordinate the company's op...

Ziarul Financiar · 16.01.2008 · 18:14 · 1 min
ZF English · Real Estate

Bucharest takes to apartment towers

At least twelve of the housing projects announced on the domestic market so far include blocks with heights starting from 14 storeys and going as high as 24 storeys, as is the case of Asmita...

Cristi Moga · 19.12.2007 · 18:19 · 2 min
ZF English

Morgan Stanley officially takes over HTI

Morgan Stanley, one of the largest investment banks in the world, has secured the approval of the National Securities Commission (CNVM) to take over HTI Valori Mobiliare (HTI Securities), on...

Ziarul Financiar · 30.11.2007 · 14:50 · 1 min
ZF English

Partnership with Tnuva takes Greiner's turnover to 25 million euros

Sibiu-based plastic packaging manufacturer Greiner forecasts turnover worth approximately 25 million euros in 2007, up almost 30% on last year, when it registered 18.9 million euros, after i...

Ziarul Financiar · 19.11.2007 · 18:11 · 1 min
ZF English

Gedeon Richter takes out 23m-euro loan

Pharmaceutical company Gedeon Richter, the local subsidiary of the Hungarian group Richter, will take out 23.7 million-euro credit to finance its investments in 2008, according to the announ...

Ziarul Financiar · 08.11.2007 · 20:20 · 1 min