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Europe Israel pays 23.3 million dollars to get into Radio House
Dambovita Center Holding, controlled by Israeli group Europe Israel paid Dambovita Limited 23.36 million dollars for a stake of 75% in the company that will develop the project on the site k...
Real estate leasing boosts Immorent financing to 28m euros
Immorent Romania, the leasing arm of Austria's Erste Bank, last year released financing worth 28.3 million euros, an increase of 80% from the 15.7 million euros registered in 2005. "The incr...
Pambac to grant fewer dividends to prop up investments
Alin Giurea, general manager of Pambac, one of the major players on the market of bakery products, announced only 18% of last year's income would be earmarked for dividend payments, unlike i...
Rewe, second retail player to post over one billion-euro revenues
The sales of the German Rewe Group on the Romanian market exceeded one billion euros in 2006, witnessing a 34% growth compared with 2005. Rewe Group, the third-leading player in food retail...
Comcereal Arad to split into two companies
Comcereal Arad shareholders have decided to split the cereal trading company in two, with the newly established company to take over part of Comcereal's share capital, according to company i...
International chains not to arrive sooner than 2009
International retailers of electronics and electrical home appliances will not enter the domestic market sooner than 2009, say the major players already present on the market. The still low...
BCR management set to boost ROE by 3 percent
The executive management of the BCR aims to increase the return on equity (ROE) from 19.3% to more than 22% in 2007, now that it is focusing on retail operations and the overall lending has...
Lugera & Makler to see 12m-euro turnover
Dutch group Lugera & Makler, which operates in personnel recruitment, estimates it will post a 12 million-euro turnover on the local market this year, up 60% against last year, when its busi...
Specialised financial service companies seek to enter the market
Besides lending institutions, other companies that provide financial services from the European Union continue to notify the NBR (National Bank of Romania) about their intention to provide s...