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Avon sees profit rise 50% to 16 million euros
Avon Cosmetics Romania, the biggest importer of cosmetics on the domestic market, last year overshot the 100 million-euro mark in terms of turnover. The cosmetics importer, a subsidiary of t...
Darby Overseas: We have 100m dollars to invest
Darby Overseas, the private-equity and mezzanine finance division of the financial American group Franklin Templeton Investments, one of the leading investment fund managers worldwide has st...
PEF V in talks to buy Macon Deva
Polish Enterprise Fund (PEF) V, managed by Enterprise Investors is in talks to buy AAC (autoclaved aerated concrete) manufacturer Macon Deva, sources on the market told ZIARUL FINANCIAR. The...
Austrians forced to sell 11.7% of Armatura Cluj
The Austrian company Herz Armaturen will sell 11.7% in the manufacturer of taps for household use Armatura Cluj-Napoca, out of its current 44.7% stake. The 11.7% stake is now worth over 0.5...
Broker Cluj aims to get stronger position
Petru Prunea, the chairman of Broker Cluj, the only stock market brokerage company listed on the Stock Exchange, says he plans to double the company's share capital over the next two years....
Da Vinci Code drives RAO's profit up to 1.3 million euros
Publishing group RAO International Publishing, which owns the rights to publish the books of American writer Dan Brown, the author of the best-seller "The Da Vinci Code", in Romania, posted...
Shareholders to choose between two management systems
Joint stock companies will be able to choose between two management systems, either a unitary system with a board of directors, where executive positions will be distinct from the other posi...
Biggest shopping centre in Transylvania to be built near Sibiu
The biggest shopping centre in Transylvania, Retail Park Selimbar, will be built near Sibiu in the wake of an investment worth 40 million euros. Covering a 12-hectare plot of land, the shopp...
Budget deficit raise expected to pressure balance of payments
The National Bank believes that as long as the money from the increase in the budget deficit from 0.9% to 2.5% of GDP is mainly directed at investment projects, there will be more pressure o...