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QVT and Broadhurst ready to pay 126m euros for Asirom
Investment funds Broadhurst and QVT, the main minority shareholders of Asirom, have submitted documents to the National Securities Commission (CNVM) for a tender offer to buy Asirom shares,...
Carpatica wants to enter mutual funds market
Banca Comerciala Carpatica intends to enter the mutual fund market this year by launching a diversified fund at first. The mutual fund market stood at some 136 million euros at the end of Ap...
Retail companies to hire 6,000 people by yearend
Retailers present on the Romanian market announced they would hire some 6,000 people by the end of the year, given their territorial expansion by opening new stores. The biggest recruitment...
GVP set to take its investments further
Over the next 2-3 years Romania will become the development centre for the Central and Eastern European operations of the French group GVP, one of Europe''s major producers of envelopes and...
Enel pays 820m euros to take over sale of electricity in Bucharest
The Italians submitted a financial bid worth a total of 820.09 million euros for 67.5% in the electricity distributor of the Capital, which will be the value of the privatisation contract. T...
SAP invests 4m euros to open consulting centre
Germany''s SAP company, the world''s biggest business software producer, plans to open a near-shore consulting centre in Romania, Wolfgang Runge, general manager of SAP for the EMEA region (...
Archbishopric of Alba Iulia sells stock to pay debt
The Orthodox Archbishopric of Alba Iulia sold over 2.6% in VES Sighisoara on the RASDAQ market in order to get money to pay off debts to the state and various suppliers. The Archbishopric ha...
Vinexpert to focus on store network
Catalin Paduraru, the majority shareholder in Vinexpert, the main wine retailer on the domestic market, says he gave up the distribution business to focus exclusively on the development of t...
Boom to be followed by slight decline
The market of electronic and electrical home appliances last year reached 850m euros, after several years of growth spurred by the boom of consumer lending. As the period of sustained growth...