delays
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DIY retailers, more delays than openings this year
Half of DIY retailers' expansion projects have remained on paper this year as the market has contracted by as much as 25%.
Tight competition delays cost increases for credits in euros
Top ranking retail banks are yet to make credits in euros more expensive, after the signal sent last week by the European Central Bank, amid heated competition from players seeking to gain m...
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...
NBR delays reduction of mandatory reserves
The central bank will only reduce minimum mandatory reserve requirements imposed to commercial banks when it sees a significant liquidity slump on the interbank market. "The volumes purged d...
5-star Radisson SAS hotel delays opening
Radisson SAS, the largest 5-star hotel in Bucharest, due to become operational this year, has put off its inauguration, which was originally set for the beginning of this month. "The reasons...
IKEA delays second store opening
IKEA, the Swedish-based furniture retailer, has delayed the launch of its second unit in Romania, initially scheduled to open in October, until 2009 amid extensive talks related to the acqui...
Delays on the Nabucco gas pipeline continue
Doubts are rising as to whether the European Nabucco gas pipeline will ever be built, after a two-year delay and mounting support from several countries for a rival project, South Stream, wh...
Sarcom delays sale and invests in production
Ramnicu-Valcea-based paints and varnish producer Sarcom plans to conduct investments worth 3 million euros next year, by opening a new paints and thinners production facility, as well as add...
Mr. Bricolage delays expansion until next year
The Do-It-Yourself store network Mr. Bricolage will open two stores in Pitesti and Bucharest next year, which were initially scheduled to open in 2007, with the expansion depending on the pl...