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Patriciu strikes deal with Immorent for real estate project
Businessman Dinu Patriciu, president of the Rompetrol group, together with Immorent, the real estate leasing subsidiary of the Erste group and the Rompetrol group, will invest 300 million eu...
Deutsche Bank revives market with 340m-euro acquisition
The real estate division of Deutsche Bank, a giant on the real estate market with almost 50 billion euros in assets, has set a new record on the Romanian market after it paid 340 million eur...
Electroaparataj slips into the red, with 1m-euro losses in Q1
Bucharest-based Electroaparataj stepped into the red in the first quarter of the year, after the company derived losses worth 1 million RON, even though it posted 630,000-RON profit in Q1, 2...
Former head of Novartis enters consulting market with Nestor law firm
Nicolae Voiculescu (44), former head of the local division of Swiss pharmaceutical giant Novartis, has founded a healthcare consulting company, Link Resource, and announced on Monday a partn...
Arabesque replaces former textile mill with shopping complex
Arabesque, the leading supplier of construction supplies and finishes, has started work on a new shopping centre in Suceava County on the site of the former textile factory of the Akrom Akal...
Private pensions firms start off on the wrong foot with 50m-euro losses
Mandatory private pension companies (pillar II), initially touted as the business of the next decade, ended last year with overall losses worth almost 50 million euros (164.8 million RON), a...
TAROM to sign with SkyTeam next week
National airline Tarom will sign a partnership agreement to join the SkyTeam alliance next week, with the integration process estimated to take around 18 months, according to company represe...
Entrepreneurs need to be in symbiosis with the market
When managing a business every new situation brings elements that an entrepreneur has to adapt to in order to survive and grow. An obstacle is nothing but an indication that something needs...
Treichl: We'll catch up with BRD by yearend
The fact that Soci?t? G?n?rale's BRD has outranked the BCR in terms of network size and of efficiency is the result of the French group's entry onto the market in 1999, according to Andreas...