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Top mutual fund gains only1.8 percent in two months
Strong stock market corrections during the first two months of the year have affected the mutual funds ranking, with monetary and bond funds occupying the top positions at the end of Februar...
TRW seeks locations for two more auto component plants
TRW Automotive Safety Systems, a producer of steering wheels and safety systems for Volkswagen, BMW and Mercedes, will expand its production capacities in Romania this year, following invest...
Holzindustrie, 90m-euro loans from two Austrian banks
Austrian group Holzindustrie Schweighofer, one of the main players in the wood processing industry, has taken out a 90 million-euro loan in order to sustain investments it is carrying out in...
Broadhurst sells two more assets for over 115m euros
American investment fund Broadhurst sold another two of its assets in Romania over the last few days, the AAC (Autoclaved Aerated Concrete) producer Elpreco, based in Craiova, and a company...
Drogerie Markt launches two new stores and doubles staff
Drogerie Markt, the local branch of the Austrian network of cosmetics and consumer goods stores Drogerie Markt (DM), will double its number of employees by the end of the year, after it laun...
NBR faces toughest decision of the last two years
Tomorrow, the NBR will face its toughest decision of the last two years since it moved to direct inflation targeting - either enter a cycle of price increases for RON lending, or further pos...
Montero has two expansion options: acquisition or merger
Drug distributor Montero, one of the top ten players on the drug distribution market, is considering taking out a 20 million-euro loan in order to finance the acquisition of a rival company....
Immoeast acquires another two office buildings
Austrian investment fund Immoeast has completed the acquisition of two new office buildings - Riverside Tower and Baneasa Airport Tower, following transactions worth around 45m euros. The tr...
Wimmer officially becomes number two at BCR
NBR (National Bank of Romania) has officially confirmed that Manfred Wimmer (photo), the former manager in charge of strategy at Erste Bank, has been appointed to the position of executive v...