The APAN Group, one of the largest car dealers in Moldavia, has invested EUR5 million in a Porsche service facility in Iasi, the third in the country, after Bucharest and Timisoara.
Interior design studio PickTwo is acquiring 50% of the shares of the Red Angus Steakhouse restaurant from the latter's founder, entrepreneur Dragos Panait, who keeps the remaining stake of 50%.
UCM Resita (UCM.RO), a company from which Hidroelectrica (H2O.RO) took over 40% of its assets via Uzina de Constructii Masini Hidroenergetice last year, on Wednesday notified the Bucharest Stock Exchange that the Bucharest Court of Law on April 1 ordered the start of the bankruptcy proceedings against it.