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Cefin: Commercial vehicles climb to 2.6bn euros
Cefin Romania, the local automotive division of the Italian group Cefin, the importer of the Iveco brand, estimates the market of commercial vehicles will grow by 30% this year, to around 2....
New market segments drive Albalact to 70m euros
Raul Ciurtin, chairman of dairy producer Albalact, which owns the milk brands Zuzu and Fulga, expects the dairy market to exceed 2bn euros in around three years after it reached one billion...
Investments in Sema Parc rise to over 1bn euros
Sema Parc real estate project, developed on a 42-hectare area on the site of the former Semanatoarea plant, will attract investments worth above 1 billion euros in the next 10 years, up over...
Elmiplant to take Sarantis' business to over 50m euros
Sarantis Romania, the local branch of the Greek cosmetics distributor with the same name, which paid 6.5 million euros for the Elmiplant producer, forecasts business worth 52.3 million euros...
Hungarian-based Ablon plans to build 10 tower blocks in Bucharest
Hungarian real estate developer Ablon, a company listed on the London Stock Exchange, will, in the coming period, start construction works on a real estate project comprising 1,800-2,100 apa...
DIY retail expansion expected to peak in 2008
DIY networks will create around 2,000 jobs when between 17 and 18 new stores open this year, with total investments worth almost 200 million euros. The initiative is expected to register the...
Global food shortage to bring high gains for big farmers
The increasingly high demand for food and biofuels (which are promoted by the EU) will bring Romanian farmers business increases of up to 30% against 2007. The cumulated business of the lead...
Gedeon Richter grants 23.6m-euro funding to local branch
In the wake of acquisitions worth over 30 million euros, which led to a 7% market share, Hungarian pharmaceutical group Gedeon Richter will continue to finance the development of its Romania...
200 cameras to monitor traffic in capital city
As of May, Bucharest traffic will be monitored by over 200 video cameras installed in 100 major intersections, according to the management project conducted by the Bucharest Town Hall (PMB)...