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Continental AG to invest 20m euros in tyre distribution hub
German Continental AG Group in partnership with air freight specialist Dietrich-Honold Logistik and Honold Logistik Group (both of them based in Germany) has started the construction of a ty...
Romaqua to enter medium price segment
Adrian Teslovan, marketing manager with Romaqua, producer of the Borsec brand, says the company will strengthen its market position in view of EU accession by entering the medium price segme...
Raiffeisen launches its first funds to invest abroad
Raiffeisen Asset Management, the investment management company of Raiffeisen Bank, launched the first mutual funds that will also invest in listed shares on the international capital markets...
Lottery sees profit down to half
The Romanian Lottery last year saw a gross profit worth 29m euros, (105m RON), about half the total in 2004, although, it maintained a comparable turnover. The Romanian Lottery, one of the m...
BRD Securities manager and chief analyst to join CA IB
Liviu Giugiumica, manager of BRD Securities, which currently ranks fourth among brokerages on the stock market, has recently confirmed that he is to leave BRD bank's brokerage for its rival...
Siretul Pascani has 2m euros to spend on stocks
Textile manufacturer Siretul Pascani will request the shareholders' approval to authorise the Board of Directors to invest 2 million euros to purchase shares. Siretul Pascani does not curren...
Omniasig Viata to sell unit-linked insurance
Omniasig Asigurari de Viata (Omniasig Life Insurance), a company controlled by the Vienna Insurance Group and TBI Holding, will enter the unit-linked insurance market this year. This is a ty...
Anchor and Summa to invest 80m euros in flats
The Anchor Grup, the developer of Bucuresti Mall and Plaza Romania shopping centres, in partnership with the construction company Summa, will start developing two residential centres worth 8...
Cris-Tim wants to fill gap left by the closing of 600 plants
Radu Timis, chairman of Cris-Tim group, the most important player in the charcuterie industry, says the bankruptcy of more than 600 plants that are not compliant with the European standards...