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Tina R sells 49% of its shares to aid expansion and BSE listing
The shareholders of the clothing stores chain Tina R sold 49% of the company's shares through a capital increase worth 3 million euros, with two targets in mind: expansion onto the local mar...
Deloitte: banks need to heighten focus on cost control
Banking retail still has the potential to see rapid growth in the next few years, but banks need to heighten their focus on cost control. Deloitte analysts believe that on a market witnessin...
Ford intends to take over Daewoo Craiova
Ford Motor has voiced interest in buying the Craiova-based Daewoo plant with a view to expanding production capacities, in order to cover the high demand from the European market, the CEO of...
Compulsory pensions to draw half a billion euros in 3 years
The assets of the compulsory pension funds (pillar II) could reach 430m euros (1.9bn RON) by the end of 2010, reveals a survey on the development of the private pension system commissioned b...
Real estate leasing up to 8.2% in Romstal's portfolio
Romstal Leasing, the company acquired by Belgium's KBC financial group last year, financed goods worth 45.8m euros in the first four months of 2007, up 49.3% on the same period last year. "T...
Over 100 foreigners employed to modernise Sibiu airport
More than a quarter of the over 350 employees working on the site of the Sibiu airport are foreigners - Poles, Hungarians, and particularly Germans, contrary to the trend of the construction...
Capital Partners to broker deals worth 1.5bn euros
The private mergers and acquisitions market (real estate privatisations and transactions not included), will revolve around 700-800 million euros this year, estimates Doru Lionachescu, main...
Logan locks bring 10m euros to AKA Automotiv
Turkish automotive component producer AKA Automotiv Calinesti in Arges county, producer of car locks for Dacia, estimates an approximately 45% increase in turnover, to 9.5 million euros, fro...
Domestic drug makers to challenge foreign markets
There are only a handful of Romanian drug exporters and few domestically manufactured products are present on foreign markets. Nevertheless, the main domestic producers seem set to exploit a...