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Ursus strengthens team with SABMiller managers
Ursus Breweries, part of the domestic arm of SABMiller group, which currently ranks second on the domestic beer market, has strengthened its management team by appointing members from the in...
Mobilia partners with Selgros
The Bucharest-based company Mobilia, held by Romanian and Canadian shareholders, which announced investments worth 85 million euros in developing furniture shopping centres, has closed a par...
Patriciu in talks with six companies to sell 10-25% in Rompetrol
Rompetrol is in talks with six companies interested in acquiring a minority share within the petroleum group, through a capital increase by which the investor will secure 10-25% of the share...
Musat not interested to join forces with top foreign firm
Musat si Asociatii law firm last year disbursed net profits worth 500,000 euros to each of its nine partners, while senior lawyers billed fees worth above 200,000 euros, stated Gheorghe Musa...
Ozone in partnership talks with local companies
The Romanian division of pharmaceutical company Ozone Laboratories expects 30 million-euro turnover this year, up 20% from 2006. Ozone closed last year with sales worth some 25 million euros...
Individual customers free to negotiate higher credits with their bankers
The individuals with above average income will be able to negotiate with the banks the possibility to obtain higher credits than the current ones, given that the restrictions regarding the d...
Lufthansa enters local market with low-cost division
Germanwings airline, Lufthansaes low-cost division, will operate in Romania as of March 25, estimating to see 35,000 passengers in its first year in business. The biggest low-cost company in...
Pic builds 2 hypermarkets with 50m euros
The Pic group in Pitesti, owned by Penescu brothers, the only domestically-owned company, which competes with the big retail chains, will open two new hypermarkets this year, following inves...
MG Medical negotiates sale of its majority stake with investment fund
Vlad Naicu, one of the shareholders of MG Medical, a company that operates on the market of dental services, is negotiating with an investment fund the sale of his majority stake in the comp...