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Chimopar branches into sanitary products and PET recycling
Chemicals producer Chimopar Bucuresti will establish two companies that specialise in manufacturing paper-based sanitary products and in PET container recycling. The investments required exc...
Auchan delays openings in Timisoara and Constanta until next year
The Auchan hypermarket network will now open hypermarkets in Timisoara and Constanta next year, which were initially planned for 2008, due to dependence on the progression of construction wo...
Foreign debt increases 40% in one year and reaches 61bn euros
Romania's overall foreign debt exceeded 61 billion euros at the end of March, up 40% on the first quarter of last year, reveals data from the NBR (National Bank of Romania). Since the beginn...
Austral: Office supplies and stationery market set to exceed 200m euros
The office supplies and stationery market in Romania, where over 40,000 companies are currently operating, according to Trade Registry data, cited by Austral, is seeing an average annual gro...
Consumer and mortgage credits in exotic currencies top 2bn euros
The population's appetite for credits in exotic currencies remains high, despite the repeated warnings issued by the NBR (National Bank of Romania). The volume of consumer and mortgage credi...
Sales of Romanian language versions of Windows and Office up 50%
Sales of OEM (preinstalled) licences for the Windows operating system in Romanian and English are currently more or less evenly distributed, according to Microsoft Romania, the local subsidi...
Local-based Ivatherm battles with Avene and Vichy
With ten years' experience in the pharmaceutical sector, and two Business Masters Degrees in France and Romania under her belt, Rucsandra Hurezeanu entered the dermocosmetics market to take...
Intesa Sanpaolo and C.R. Firenze will not merge this year
Intesa Sanpaolo Bank Romania and C.R. Firenze Romania will continue to operate independently this year, although both banks are part of Intesa Sanpaolo Grup, and at the beginning of the year...
From beer to hotels and clinics
Gheorghe Grec, one of the founders of beer producer Bere Mures (which was sold to Heineken), has decided to use part of the 35 million euros collected from Heineken to buy back four-star hot...