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European Goldfields sells shares to fund local projects
Canadian company European Goldfields, which holds 80% of the gold mine in Certej, raised 120 million Canadian dollars (112 million US dollars) following a share offering, which will be used...
Drought may take agricultural insurance to 25m euros
The heavy losses they are faced with might make agricultural producers decide to insure a larger part of cultivated areas. This year's prolonged drought, which has caused farmers to lose ten...
Bombardier sells 300m-euro trains to Metrorex
Swedish rolling stock producer Bombardier Transportation, whose only client on the local market is Metrorex, announced that the total value of deliveries for the Bucharest subway stands at 3...
Water bottlers work Sundays to meet demand
The heat wave has brought over 80% sales increases for bottled water in June against a regular month, almost double the level of estimates made by producers for the summer. In order to meet...
Hard Rock Cafe to open in Herastrau Park
Hard Rock Cafe, one of the most popular international restaurant chains, which operates over 120 restaurants worldwide, has voiced plans to open the first Romanian restaurant in the autumn,...
Czechs at Hame have more 5m euros to spend for new acquisition
Canned foods producer Hame Romania, one of the leading players on the domestic market, which holds a production facility in Caracal, has stated an interested in acquiring another market play...
Expansion takes Pic's sales to over 90 million euros
The Pic Group, owner of two hypermarkets in Pitesti and Craiova, estimates 50% higher retail sales against 2006, reaching over 90 million euros (300 million RON). The company witnessed sales...
BNP Paribas to enter general insurance market, too
French group BNP Paribas, which is present on the domestic market through Cardif, a life insurance company, intends to expand onto the life insurance market by the end of this year. To this...
Continental Hotels to hire 1000 people by 2011
The Continental Hotels chain, which owns 13 hotels on the local market, registered a level of 1,000 employees at the beginning of June, compared with 950 registered at the beginning of the y...