Year's
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IRS targets 750m-euro turnover in 3 years
In 2007, Arad-based Astra Vagoane generated turnover worth 114m euros, while the Meva plant derived 61m euros, and Romvag 67m euros. "This year, we expect Romvag's figure to double to 125m e...
Restaurant business to exceed 2bn euros in two years
The local restaurant market, where fast-food chains like McDonald's, KFC and Pizza Hut prevail, will double over the next two years, and is expected to reach over two billion euros, driven f...
Interex aims for 30-40 stores in 4 years
French retailer ITM Intermarche, owner of the Interex supermarket network, forecasts sales worth 130 million euros on the local market this year and expects to step into the black. Phillippe...
Holidays abroad could become 10% more expensive in the coming years
Romanians who holiday abroad could pay at least 10% more in the coming years for holiday packages, due to an increase in fuel prices, and consequently air travel costs. "This year, travel ag...
Metro forecasts growth in retail for another 10 years
Francois Oliver (photo), General Manager of Metro Cash & Carry Romania, the largest local retail network in terms of sales, says the dynamics of the Romanian economy could generate another t...
PVC windows market to consolidate in 3 years
The PVC windows market, one of the most fragmented in the constructions sector, is expected to consolidate in the coming two or three years, after large players swallow up smaller manufactur...
Compa Sibiu: We will double turnover in 3 years
Compa Sibiu, a producer of automotive parts, has budgeted a 387 million-RON (around 110 million-euro) turnover for this year, up 28.3% against 2007. The company expects net profit to increas...
Rompetrol: Dyneff could reach 6bn-dollar turnover in 3-5 years
Rompetrol, the petroleum group run by businessman Dinu Patriciu, could double turnover on the French market through Dyneff, France's largest independent petroleum operator, which the company...
This year's exits make 20 new millionaires in euros
The cumulated value of exit deals conducted by local entrepreneurs reached 360 million euros in the first three months of this year, according to the data centralised by ZF. Those that creat...