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Daewoo Mangalia back into the black after two years
After two years of heavy losses, Korean-based shipbuilder Daewoo Mangalia is back in the black, by taking advantage of the high demand for ships worldwide. "We want to draw attention to the...
Carmen Adamescu plans to develop two 5-star hotels
Carmen Adamescu, the majority shareholder in Rex hotel in the seaside resort of Mamaia, plans to invest in a five-star hotel in the centre of Bucharest and in another hotel in a mountain res...
Allianz-Tiriac's number two retires
Gavril Muresan, the number two at Allianz-Tiriac - the leader of the Romanian insurance market, stepped down from the company at the end of July. Muresan, 71, is one of the individuals who h...
OTP Leasing set to triple business in two yearsv
OTP Leasing, a member of the Hungarian financial group OTP, intends to finance goods worth at least 50 million euros by the end of the year, and hopes to triple its business by 2008, to 150...
Merger between two companies with total assets worth 50m euros
Millennium Estate and European Property Millennium Company, which are operating on the real estate market, merged at the beginning of this month, with the former absorbing the latter, accord...
BelRom adds two more locations on expansion list
BelRom, the company that developed the biggest retail park in Transylvania, in Sibiu, which was finally sold in an 83 million-euro transaction to the British fund North Real Estate Opportuni...
Two companies within Mobexpert group to merge
Suceava-based furniture manufacturer Moldo Mex is to be merge by absorption with Stratus Mex, with both companies being held by businessman Dan Sucu, the owner of Mobexpert. According to a d...
Relad loses two top managers
Relad, the second largest pharmaceuticals distributor on the market, with an estimated business of over 250 million euros, has lost its executive management, after Robert Popescu, president...
Immoeast takes over two RED projects for 120 million euros
Austrian investment fund Immoeast, the most active player on the domestic real estate market continues its local expansion by involvement in two more real estate projects in Baia Mare and Co...