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EU accession takes air transport market to ?110m in 4 months
Regular passenger flights market reached 110m euros in the first few months of this year, up 20% on the same period last year and therefore boasting one of the fastest growth rates in the wo...
Oresa takes over credit broker
Investment fund Oresa Ventures will take over a stake in Gemini Capital Consult, a brokerage firm handling banking loans. The acquisition will involve a complex transaction with share purcha...
Siemens expansion takes a growth pace of 100 employees per month
The expansion of Siemens' operations in Romania, either through acquisitions, or through greenfield investments, has led to an increase in personnel at a rate of around 100 new employees per...
Cluj takes mutual fund performance crown from Bucharest
The BT Index and BT Maxim equity funds managed by BT Asset Management based in Cluj and Globinvest's Napoca, also based in Cluj are the top performing open-ended investment funds in the firs...
Gerom takes out 1.9m-euro credit
Shareholders of Buzau-based window maker Gerom have approved the contracting of a loan worth 1.9 million euros from the BCR for the acquisition of a new piece of equipment, as well as to set...
BT Asigurari takes over Ardaf's place in top 10
The top ten players on the insurance market last year underwrote gross premiums worth 1.31bn euros on a market worth 1.6bn euros, considering that 41 insurance companies were active on the m...
Extraction takes Petrom's profit to 647 million euros
Petrom, the biggest Romanian company, controlled by Austrian petroleum group OMV, made 2.28 billion RON (647 million euros) net profit last year, 61% higher than in 2005. The company continu...
La Mama restaurant chain takes out 2.5m-euro credit
La Mama chain of restaurants, which also controls the Cafepedia coffee shop, took out a 2.5 million-euro credit aimed at funding the company's development, La Mama representatives announced....
Jolidon takes over 65 Infiore stores
Cluj-based underwear manufacturer Jolidon has bought Infiore, one of Italy's biggest brands, which owns a network of more than 100 stores of its own, of which Jolidon has purchased 65. The t...