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Metro likely to grow to 24 stores by end of year
The German group Metro is likely to reach a level of 24 cash & carry stores in Romania by the end of this year after it opens three new units - in Timisoara, Arad and Baneasa (Bucharest). Th...
Dacia considers raising production by 100,000 units
Romania''s domestic car manufacturer, Dacia, will decide over the following months whether to raise its production capacity "considerably", after waiting to see if the strong sales for the L...
Transelectrica to float 7.3 million shares by autumn
The Economy and Trade Ministry, the owner of the national electricity transport company Transelectrica, is planning to float 7.3 million shares on the Bucharest Stock Exchange this autumn. T...
Grawe and Sara Merkur to merge by October
The Grawe-Sara Merkur merger could take place some time between mid September and early October. "The merger will happen in early October at the latest, that''s for sure," says Adina Mandoiu...
Shell to dump LPG unit by yearend
Anglo-Dutch group Shell is considering selling its liquefied petroleum gas (LPG) unit by the end of this year, including the controlling stake in Shell Gas Romania. This operation would mark...
Kandia-Excelent investment sweetens profits by 57%
Chocolate producer Kandia-Excelent expects its gross profits to rise by 57% this year to 3.3 million euros, thanks to an investment budget of around 1.2 million euros. According to a company...
Fiscal Code chaos brought to an end by fourth emergency ordinance
The law modifying the Fiscal Code was published in the Official Gazette last night after President Traian Basescu faxed his signature of the decree implementing the draft law from Tokyo. As...
Prices of old apartments expected to fall by end of the year
The prices of old apartments in Bucharest could go down towards the end of the year, as this segment of the real estate market has reached an impasse in terms of high prices. a??Prices for o...
Astra increases capital by 10m euros
Astra Asigurari has announced it will increase its share capital by 10 million euros in cash from a previous level of 43.5 million euros (1,574.8bn ROL). The increase will be performed this...