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Bella Bulgaria wants to derive 20% of business from Romania
The Bella Bulgaria group, with business worth around 55 million euros last year, will open its own retail and distribution branch in Bucharest in November, and targets its domestic business...
Natuzzi to reach 130m-euro turnover in Romania in 2 years
Natuzzi furniture producer and retailer expects sales of Italsofa plant it owns in Baia Mare to go beyond 130 million euros in the next two years, after having finished production capacity e...
Africa Israel pays 78.8 million euros to get NCH out of Cotroceni Park
Real estate developer Africa Israel, controlled by Lev Leviev, one of the richest businessmen in Europe, has bought the 50% stake owned by US investment fund New Century Holdings (NCH) in Co...
Contracts signed after SIAB bring 20% to Mazda 2007 sales
Mazda Romania, the importer of the Japanese brand on the domestic market, announced it had received more than 200 orders since Bucharest's International Car Show, which accounts for approxim...
Lidl increases share capital by 10m euros to around 26.5m euros
Lidl Romania SCS retailer has raised its share capital by 10m euros, to around 26.5 million euros (90m RON), through a contribution in cash by its main associate, Germany's WE-Beteiligungs....
Astra-Uniqa, poised to enter unit-linked insurance
Astra-Uniqa, an insurance company controlled by Austria's insurance group and businessman Dan Adamescu, will enter the market of unit-linked insurance early next year. Unit-linked insurance...
TechTeam to open service centre in Craiova
American company TechTeam, which holds the outsourcing and IT service companies TechTeam Akela and TechTeam Global, could open a service centre in Craiova, which would provide services for t...
Avicola Buzau turnover, up 18% to 21.5m euros
Avicola Buzau, the meat product manufacturer controlled by Aaylex Trading group, has generated turnover worth 21.5m euros in the first nine months of this year, up 18% on the 18m euros deriv...
Which mutual funds can mandatory pension funds be compared to?
Similarities between the structure of placements and risk profiles are generating comparisons between private pension funds and diversified mutual funds. "In terms of investment structure, m...