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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...
Cosmetics market slows down in 2007
The cosmetics market grew by 20% in 2007 against the previous year and reached 720 million euros, according to data from the international statistics institute Euromonitor. However, the main...
Benvenuti: retail up, distribution down
The Benvenuti-Equipe group, created by Dan Pavel in 2004, one of the founders of Leonardo, forecasts a 14.5 million-euro (50 million-RON) turnover, up 15% against last year. A sum of 11.7 mi...
Competition may bring rent in shopping centres down by 40-50%
The value of rent in shopping centres could go down by 40-50% over the next few years compared with 2008, due to fiercer competition on the market, believes Luiza Moraru, head of the retail...
Zentiva sales, down 44.1% in Q1
Net sales of Czech pharmaceutical producer Zentiva in Romania fell 44.1% in the first quarter, to 340.7 million Czech korunas (13.6 million euros), amid a shift in its development strategy o...
Roche: pharmaceutical market slows down
Swiss pharmaceutical group Roche, the fifth largest drug maker in the world, logged sales worth 110.3m RON (30m euros) on the Romanian market in the first three months of this year, up 25.7%...
Elvila shuts down small stores to focus on showrooms
Elvila group, the furniture manufacturer and retailer controlled businessman Viorel Catarama, will continue its expansion with larger stores, and has medium-term plans that target another th...
Mobexpert number of employees down 1,000
Mobexpert group, the largest player in the local furniture industry, saw almost 1,000 people leave the company last year, which brought the number of staff to 3,500, in the wake two plant cl...
UniCredit sees economy down, while BCR expects increase
Projections of foreign analysts on the economy remain pessimistic compared with those of local banks, which project different outlooks for the economy's growth rate and inflation rate. Where...