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Credit Bureau: Banks and NBFIs lend 26bn euros to 4 million clients
Around 4 million Romanians had loans from banks and non-bank financial institutions (NBFIs) in May, according to data from the Credit Bureau. In all, credits granted by banks and by the top...
RCE promises grain and oil exchange again
Romania boasts one of the biggest foreign currency markets in the region, with 36m-euro deals per month, but lacks a wheat, corn or oil market, despite being amongst Europe's top producers o...
Curiero and TCE Logistica, long-term survivors
Repeated sale announcements, tight negotiations and an unexpected outcome: only three months after Curiero confirmed it would sell 25% to Asesoft, the company's chairman, Bogdan Carcu, chang...
Oasis brings Kaufland and Obi to retail parks
Oasis Retail Development & Consulting, which has announced plans to develop a ten shopping-centre network on the local market, has chosen the anchor tenants for the retail parks in Botosani,...
Three euro billionaires from FMCG retail and distribution
In FMCG distribution and retail three players-Interbrands, Rewe and Metro, have exceeded the sales threshold of 1bn euros (Metro also derived its second billion after it entered the hypermar...
Kraft Foods and Strauss fight for top spot on coffee market
German coffee producer Tchibo posted turnover worth 13 million euros on the Romanian market last year, up 6.5% against 2006, according to company data, followed closely by the importer of th...
Apartment prices in Aviatiei, Dorobanti and near Vitan Mall, down 20%
Apartment prices in three of the most expensive areas in Bucharest have seen dramatic falls of around 20% over the last month, according to a ZF analysis, based on sales advertised on websit...
Steel and aluminium producers reap the benefits of price hikes
The rising prices of raw materials coupled with fluctuating quotations for steel and other metals had a serious impact on steel and metallurgic industry producers last year. Nonetheless, the...
Vodafone eats into Orange and Cosmote retail network
Vodafone, the second largest player on the local mobile telephony market, has made a new acquisition on the local GSM retail market, the third in the last year, by taking over Vegastel 2007...