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Dogan taps into real estate sector with 50m euros
Turkish group Dogan, the owner of the largest media group and leading petrol station network in Turkey, has purchased a 55,800 square-metre plot in Bucharest for 48.9 million euros, Bloomber...
Azerbaijan could store 5m tonnes of crude oil with Oil Terminal
After Azerbaijani state-owned SOCAR opened a local office last year, the company intends to close a contract with port operator Oil Terminal to delivery 5 million tonnes of crude oil, an amo...
ING ventures onto mutual fund market with 17 million euros
Dutch group ING, one of the biggest asset managers in Europe, has invested almost 17 million euros in two mutual funds that will be managed by its local asset management branch. The company...
Daniel Voicu: Legal market grows with the overall market
Over the last few years, the law firm has been involved in several transactions, such as the listing of A&D Pharma in London, the sale of BelRom retail parks in Sibiu and Targu-Mures to Nort...
CrisTim seals partnership with Tulip Food Company
Charcuterie producer CrisTim, the largest player on the local processed meat market, which posted an operating income worth 10.5 million euros last year, has closed a partnership with Tulip...
Nokia launches Romanian-based production with basic model
The new Nokia factory in Jucu, Cluj county, is now part of a global network of ten manufacturing centres, after the first mobile phone assembly line was inaugurated yesterday. "We are starti...
Kraft Foods enters coffee shop market with Jacobs brand
Kraft Foods Romania, with annual sales worth over 120 million euros, has entered the coffee shop market with a brand that has brought the company to the No. 1 position on the Romanian market...
UPC parts with its CFO after 7 years
On February 1, Dragos Tanase, 35, relinquished his position as chief financial officer of UPC Romania. According to UPC officials, it was Tanase who decided to leave. "Dragos Tanase, Chief F...
Cosmote targets profit with new CEO
The Greek group Cosmote has changed the CEO of its Romanian subsidiary at a key moment, after the operator was supposed to capitalise on its accumulated client base and step into the black,...