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Kia sales up to 20m euros
Kia Rom Auto, the importer of Korean brand KIA on the domestic market, last year sold almost 1,200 cars, 20% above estimates. "We had about eight-nine months at our disposal last year, since...
Erste Bank raises the money to buy BCR
TITL: Erste Bank raises the money to buy BCR Adrian Mirsanu / Vlad Nicolaescu Erste Bank yesterday announced a subscription price for its capital increase of 45 euros/share, with the total v...
Alro ups Alum stake to over 92%
SIF Banat-Crisana sold its 24.09% stake in alumina producer Alum Tulcea during the mandatory tender offer conducted by Alro Slatina, collecting some 2.4 million euros for it. This tender off...
Angelli reaches out to Romanians abroad
Astese Production, the producer of Angelli sparkling wines, believes that consumption on the domestic market will go down this year. For this reason it has established a strategy to expand e...
Perfumes lift Avon''s business to over 100m euros
Avon Cosmetics Romania, the domestic branch of the US cosmetics giant, concluded the 2005 fiscal year with 128 million dollars (106m euros) in turnover, an increase of 18.5% on the previous...
Cosmote moves to America House for 3.5m euros
The mobile telephony operator Cosmote Romania has rented more than 3,000 square metres of office space in the America House project located in Piata Victoriei, according to real estate marke...
Interagro expects $0.5bn to $1bn turnover
The Interagro Group, held by businessman Ioan Niculae, estimates turnover to be of more than one billion dollars (830 million euros) this year, after having concluded 2005 with 850 million d...
Smithfield to invest $75m
Smithfield, the US food industry giant, will this year invest more than 75m US dollars (62m euros) to retool its Timisoara-based pork processing complex. The US company aims to invest more t...
Petrom seeks to buy petroleum and gas producer
Petrom is planning to buy a petroleum exploration and drilling company so as to stabilise its level of oil and gases drilled by 2010, given that it is facing a production decline. "We are tr...