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UTI to invest some 16m euros in acquisitions
UTI Group, the producer of IT&C and security solutions, electric installations and military systems, controlled by businessman Tiberiu Urdareanu, announced it would invest some 12-16 million...
Individual customers free to negotiate higher credits with their bankers
The individuals with above average income will be able to negotiate with the banks the possibility to obtain higher credits than the current ones, given that the restrictions regarding the d...
Improved loan quality leads to lower RON rate margins
Domestic interest rate margins will narrow further due to the interest rate convergence towards European levels, say EFG Eurobank analysts. The spread of average interest rates, applied by c...
RCS&RDS business up 46% to 300m dollars
RCS&RDS, one of the leading players on the domestic communications market, posted a turnover worth over 300 million dollars (239 million euros at the average exchange rate announced by the N...
Electric motors bring Coposes revenues to 140m euros
Ana Holding, whose owner is well-known businessman George Copos, has budgeted a business worth 140 million euros for this year, 15% more than the previous year. The profit of the group will...
Altex sets up real estate unit, plans to float it
Altex group, including Altex Impex, Romaniaes main retailer of electronics and electrical home appliances, plans to set up a real estate unit by merging Cometex Suceava and Real Estate compa...
Tender sells ARDAF stake to PPF Investments for 35 million euros
Czech investment fund PPF Investments has bought 56% in insurance company ARDAF following a 35 million euro deal with Tender SA, held by businessman Ovidiu Tender. PPF Investments conducted...
Holcim to give up production of white cement in Turda
Holcim Romania, the local subsidiary of the Swiss group Holcim, will halt the production of white cement at its factory in Turda at the end of this year, following the increase in the price...
The French at Renault to commute by aeroplane
The over 100 French engineers that Renault will bring to work at the Titu-based research centre, could begin commuting daily by plane from Paris to Titu. The decision to use commuting is sim...