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Petrom to invest 150m euros in Kazakhstan
Petrom continues to develop new exploration and production perimeters through a new acquisition in Russia, as well as through investments of some 190 million dollars (152 million euros) in a...
Head of Europolis appointed to Polimeni
Starting May 14, Stefan Gheorghiu, current general manager of Austrian real estate investment fund Europolis, will take over as the head of American real estate company Polimeni. According t...
Ranbaxy plans to invest over 20 million dollars in Terapia in two years
Indian giant Ranbaxy plans to invest over 20 million dollars in the next two years in local producer Terapia, which it acquired last year following a 324 million-dollar (270 million-euro) tr...
Euromall developers to build 1,000 apartments
Two months ago, developers of the Euromall shopping centres acquired an almost seven-hectare plot nearby Baneasa airport, in the Northern part of Bucharest, on which they intend to build aro...
Coca-Cola set to reduce sales fluctuations
Calin Dragan, general manager with Coca-Cola HBC for Romania and the Republic of Moldova, says it is not yet time for a harsh battle with competitors over market shares. The latest strategic...
URBB invests 1m euros to promote Holsten
United Romanian Breweries Bereprod (URBB), the producer of Tuborg and Skol, this year will invest one million euros in promoting the Holsten beer brand. The investment will help sustain the...
Czechs at Wood come to Bucharest
Czech investment bank Wood & Company, is the first authorised brokerage company from a EU country to ask the Stock Exchange to allow it to access the trading system in order to broker transa...
Relad shareholders to borrow up to 60m euros
Relad Pharma, one of Romania's major drug distributors, and Relad International, a company operating drug imports, are going to contract a loan worth as much as 60 million euros, according t...
Cardiovascular drugs take Sanofi's business to over 115m euros
Sanofi-Aventis, the third largest player on the Romanian drug market, estimates it will see an over 15% increase in sales this year against 2006. "We expect our growth rate to exceed the mar...