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Beyler to build 150 villas on the site of current plant
Beyler Galati, a doors manufacturer, intends to relocate its activities following a 7 million-euro investment and will develop a 150-villa district on the site of the current plant, a projec...
BCR Leasing: Market up 40% in H1 to 2.9bn euros
Amid the very slow increase in car sales, leasing companies have shifted their focus towards commercial vehicles and equipment funding. The leasing market reached 2.9 billion euros in the fi...
Catalin Breaban, second Romanian to join the ranks of American giant Carlyle
Carlyle, the largest worldwide investment fund manager, has recently appointed a Romanian as Vice President for buyout opportunities in Central and Eastern Europe. This makes Catalin Breaban...
PwC: Interest rate rise is biggest risk to Romanian banks
The rise in interest rates is the highest risk posed to the Romanian banking industry, given that the turmoil on the financial markets has completely altered the risk scenario, according to...
Mercury360, to expand through acquisition and new units
"I would certainly not want to start from scratch, but from a completely different level and this can be done by acquiring another company. I am interested and I've already held talks on the...
Dedeman: We want to reach 30 stores in the long run
Construction materials distributor Dedeman, controlled by businessmen Adrian and Dragos Paval, will expand the company's current network by around 3-4 stores each year and plans to reach 30...
Former VikingProfil shareholders to invest in different sectors
Marius Ghenea, one of the founders of electronics retailer Flamingo, and Radu Mircescu, former shareholder (along with Ghenea) of metal tiles producer VikingProfil, will invest the 3-4 milli...
Petrom's profit doubles in H1, but fails to reach expectations
Petrom, the largest Romanian company, reported net profit worth 687 million RON (188.2 million euros) in the second quarter of the year, up 36% against the same time last year, whilst turnov...
Belgians to invest 100m euros in two industrial parks
Belgian developer Immo Industry Group (IIG) will become involved in industrial projects in Romania when it builds two industrial parks near Bucharest and in Satu-Mare, which will be built in...