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Romania and Bulgaria, biggest contributors to Coca-Cola HBC's profit
Coca-Cola HBC saw a 10% increase in its volume of sales on emerging markets in the first quarter of the year, after it sold 202.2 million unit cases, up from 184 million a year ago, with Rom...
Anchor Group set not to exit retail
Ali Capa, the chief financial officer of Anchor Group Romania, owner of G'Market supermarkets, believes store location in shopping centres and in city central areas will allow the network to...
ProCredit grants 73m-euro funding to farmers
ProCredit Bank has granted a total volume of agricultural loans worth 72.7 million euros, over 19,000 loans in total. Therefore, the average value of a loan taken out by farmers is relativel...
IGD set to invest 20-25m euros
In April, Immobiliare Grande Distribuzione (IGD) finalised the acquisition of Winmarkt shopping centre network in a deal worth 182.5m euros. The new owners of Winmarkt believe the Romanian s...
MedLife to invest 30m euros in 4 new hospitals by 2010
Private medical services provider MedLife will open four hospitals in Iasi, Constanta, Brasov and Timisoara in the next two years, and also targets an expansion of its medical services portf...
Bancpost's net profit up 6 times, to 10.6m euros
Bancpost, the local subsidiary of the Greek group EFG Eurobank, posted net profit worth 10.6 million euros in the first quarter of the year, an almost 6-fold increase against the same time l...
TAROM to sign with SkyTeam next week
National airline Tarom will sign a partnership agreement to join the SkyTeam alliance next week, with the integration process estimated to take around 18 months, according to company represe...
Protan Bucuresti shareholders to conduct 4.86m-euro capital increase
Protan Bucuresti intends to increase its share capital by 18 million RON (4.86 million euros), to 22.67 million RON through a cash contribution by the shareholders and via the conversion of...
Farmland prices set to triple due to rising food prices
The soaring prices of agricultural products in recent months have raised investors' interest in cultivating grain on ever-larger areas, which is driving up the price of agricultural land. At...