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Advent begins to invest in Terapia
Several months after taking over drugmaker Terapia Cluj-Napoca, US financial group Advent International is beginning the investments scheduled to continue the company's modernisation. Theref...
Banks vying to supply 56m euros to CFR
Eight banks have submitted financing bids for importing 21 Desiro self-propelled trains from Germany, trains known as the "Blue Arrow" in Romania and worth approximately 56.5 million euros,...
Insurers to be either solvent or insolvent
Insurance companies will no longer be divided into insolvent, possibly insolvent or solvent, but will simply be classified as solvent or insolvent companies, according to a change in regulat...
Danube Tiger heavily exposed to Romania
Regional investment fund Danube Tiger, managed by Austrian Hyposwiss Group, at the end of last year had come to an exposure of above 20 million euros to Romanian bonds and shares, which acco...
L'Oréal Romania climbs to 14m euros
The Romanian branch of the French cosmetics company L'Oréal posted sales worth 13.8 million euros last year, up 14% from 2002. At the end of last week, the French group brought another divis...
Certinvest to launch 3 more funds
Investment management company Certinvest, recently acquired by the Romanian American Enterprise Fund (RAEF), will launch three new investment funds this year, in addition to the other three...
Angst to pull out of Baneasa supermarket
Charcuterie producer Angst Ro could drop the underground supermarket project it started along with a foreign partner in the Baneasa area last year. The project entailed an about $3 million i...
Banc Post to focus on large companies
Banc Post's corporate strategy for the next three years will mainly focus on large and very large companies and will aim at an annual growth of the credit portfolio. "Our three-year strategy...
Banca Transilvania set to invest more than 8m euros
Banca Transilvania will continue to make significant investments this year, as the bank's management has endorsed an investment budget worth more than 8 million euros.The bank invested over...