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First private pensions deal expected towards yearend
The first acquisition on the private pensions market could occur by the end of the year, according to Mircea Oancea, head of the Private Pensions Supervisory Commission (CSSPP). Private pensions are considered the business of the next few decades, with compani...
Romanian cosmetics producer Farmec looks towards China
Cluj-based Farmec, the largest Romanian-held cosmetics producer, is considering building a cosmetics plant in China and will conduct its first exports by the end of the year. "We want to exp...
QLD developer looks towards provincial market
Greek-held Quality Living Developers, the company behind the Green Lake project in Bucharest, has eight residential projects in its portfolio with overall investments worth 340 million euros...
Lidl looks towards Bucharest for expansion
German discount store chain Lidl, which is getting ready to open its first stores in Romania, is looking at the Bucharest market, where discounters are not that well represented at the momen...
EnergoBit heads towards business worth 110 million euros
Cluj-based EnergoBit group, one of the leading manufacturers of electrical equipment, which also operates on the market of electrical installations, forecasts turnover worth approximately 11...
Banking industry profit heads towards one billion euros
Banks started the year in full gear and made net profit worth 87 million euros in January, up around 28% on December, despite having opened 101 new offices and hiring 177 people. The first m...
Mercedes leaning towards Romania as location for new plant
The Daimler Group, owner of the Mercedes-Benz brand, favours Romania over Poland for a potential new plant, according to the specialised publication Automotive News Europe, which quotes comp...
GE Money: Transaction with Dogus, first step towards consolidation
The transaction by which Turkish-based Dogus group took over 49.9% of Motoractive, Ralfi and Domenia Credit from GE Money is the first step towards the consolidation of GE Money's business i...
Iveco dealer Protruck headed towards 100m-euro turnover
Protruck group of companies, dealer of commercial vehicles Iveco in Romania, estimates turnover worth over 100 million euros this year, up 53% against last year. "The Romanian market of comm...