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Financial news from Romania
Holzindustrie buys 5,000 ha of forest
Financial news from Romania
Friday, 15 December 2006
Cascade Empire, the local acquisitions division of the Austrian company Holzindustrie Schweighofer, which operates in the field of wood processing, has so far bought 5,000 hectares of forest on
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Danila, BCR: Multinational and regional companies are our bigger target
Financial news from Romania
Thursday, 14 December 2006
BCR has no less than 40 projects in progress, all of which aimed at integration and adjusting to Erste group standards. However, it will not slow down the business
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Kaufland goes to small cities
Financial news from Romania
Thursday, 14 December 2006
According to Gunter Grieb, general manager of Kaufland, competition is not as fierce in smaller Romanian cities. As a result, the company will consider opening outlets in cities with
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PharmaFarm to launch online drug order portal
Financial news from Romania
Thursday, 14 December 2006
PharmaFarm Cluj, a drug distribution firm, plans to develop an online order portal, E-PharmaFarm, next year. Its development plans include working with up to 500 drugstore customers through this
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Faurecia projects business growth by 70%
Financial news from Romania
Thursday, 14 December 2006
Faurecia Seating Talmaciu, part of French group Faurecia, one of the top ten global suppliers of equipment for the automotive industry, this year expects to derive turnover worth 30
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Porsche Romania forecasts turnover worth 725m euros
Financial news from Romania
Thursday, 14 December 2006
Porsche Romania, the importer of Audi, Volkswagen, Skoda, Seat and Porsche, estimates turnover will amount to some 725 million euros in 2007, up 10% against the 658 million euros
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Lukoil makes 2bn euros from refinery and petrol stations
Financial news from Romania
Thursday, 14 December 2006
Russian-owned Lukoil, one of the biggest petroleum group worldwide, estimates its domestic petrol station and warehouse network will generate returns worth 1.08 billion euros, while Petrotel - Ploiesti refinery
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Spar invests 1.8m euros in Alba-Iulia
Financial news from Romania
Thursday, 14 December 2006
The Spar network yesterday opened the three supermarkets purchased from Diskont at the end of last month, following a 1.8 million-euro investment. "The locations of the three stores we
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ACE expects 17m-euro business
Financial news from Romania
Thursday, 14 December 2006
ACE Romania, producer of electrical components for vehicles, estimates to see a 17 million-euro turnover this year, a 30% increase against 2005. The advancement of turnover is linked to
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Erste convinces BCR employees to part with 90.4% of their 7.2% stake
Financial news from Romania
Wednesday, 13 December 2006
Erste Bank has increased its stake in BCR to 69.11% after successfully securing 90.4% of the shares held by the bank's employees through a programme by which the Austrian
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Sky Europe plans to triple market share
Financial news from Romania
Wednesday, 13 December 2006
Sky Europe, a Slovakian low-cost airline, which entered the Romanian market one year ago, plans to reach a market share of 25-30% on the Baneasa airport in 2007, from
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