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Imported and local wines clash takes its toll
Two wine retailers, Depozitul de Vinuri and Vinlux, both positioned on the high-price segment, closed their stores in Bucharest in the second half of this year. On a mature market where ther...
SocGen and Ergo enter life insurance market
Societe Generale and Ergo, two large financial groups at a European level, announced they would bring their insurance companies to Romania by the end of this year and the beginning of next y...
International climate and high foreign deficit make Romania vulnerable
The international financial markets are more tense than at the beginning of the year, and Romania's foreign deficit is rising above initial estimates - all the more reason to take appropriat...
Faimar moves plant and sells land for 5.7m euros
The shareholders of Faimar Baia Mare, a ceramics producer, have put up for sale the land on which its production facility and headquarters are located on for 5.7m euros, and have decided to...
75 banks and 135 insurers from Europe to challenge domestic market
The number of foreign banks that want to provide direct services on the Romanian market reached 75 at the end of August, according to the NBR data, while 135 foreign insurers have also voice...
ADM Farm co-owner considers both stake sale and merger
Businessman Dragos Pop, who owns 50% in pharmaceuticals distributor ADM Farm, which posted a 60 million-euro business last year, has stated that he is considering both the possibility of sel...
Nike importer, 20m-euro turnover in Romania and Bulgaria
Elmec company, the domestic importer of Nike products, for the first half of this year reported a turnover worth 20.4m euros in Romania and Bulgaria, up 63% from the same period in 2006, acc...
Q2 industry advance, slowest rate of the past year and a half
Industry in the second quarter increased by only 4.4% and slowed down significantly after the first three months of this year, when the rate hit 7.8%. The Q2 growth rate was the slowest reco...
Exhibition booth design and rental make 600,000 euros business
The fair and exhibition industry, which is estimated to be worth over 40m euros, continues to attract a rising number of companies that provide exhibition booth design, construction, sale an...