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Turkish-based Opus to build residential complex in Stefanesti
Opus Project & Development, a Turkish-based firm, has started construction works on a residential complex in Stefanestii de Jos, a project that will entail investments worth 600-700 million...
Altex's PC plant sees turnover up 53% to 11m euros
Complet Electro Serv (CES), a domestic company (part of the Altex group) that manufactures personal computers, registered a turnover worth 10.81 million euros (35.61 million RON) in the firs...
Interest rate for credits in euros down from 9 to 8%
The spread between interests operated by banks for individual clients for credits in euros and those paid for deposits has lowered significantly over the past year. Whereas in June last year...
Esprit, Springfield and Debenhams to hit the provincial stores
The Esprit, Springfield and Debenhams brands launched onto the Romanian market by the AAV Group and Fashion Retail Group, companies that posted 8 million-euro turnover in first six months on...
Constructions and Dacia take Elba's turnover to 21m euros
Elba, the Timisoara-based lighting products manufacturer, has posted a turnover worth 21.6 million euros (71.5 million-RON) for the first six months of the year, an increase of 31% against t...
Koreans seek 3,000 people to manufacture Samsung LCDs in Oradea
Korean company Hanil Electronics, a supplier of components and equipment for Samsung, intends to invest approximately 30-40 million euros in the development of a new factory in Oradea, Bihor...
Edy group set to tackle regional market
Hunedoara-based Edy group, which is expected to generate a turnover worth 100 million euros this year from shipping, distribution and logistics activities for clients such as Coca-Cola, IKEA...
Real estate boom to take Altex turnover to 300m euros
Altex, the biggest retailer of electronics and electrical home appliances in Romania, estimates it will reach an income worth 6m euros by yearend, after it posted 3.9m-euro in losses last ye...
CEC changes its mind, decides to sell Asiban stake
CEC (The Romanian Savings Bank) has decided to sell its 25% stake in the insurance company Asiban, after originally announcing last month that it was considering holding onto it, whilst inte...