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Elvila budgets turnover worth 188m euros
The Elvila Group, owned by businessman Viorel Catarama, is banking on a 7.5% surge in turnover and a 10% rise in operating profit this year. The operating profit margin amounted to some 5.1%...
Furniture worth 1.4bn euros this year
Furniture production may rise by 5-6% this year, maintaining the growth pace registered last year. "The final data have not been centralised so far, but I estimate the furniture production h...
BRD-SocGen budgets 400m euros portfolio for SMEs
BRD-SocGen plans to double its portfolio of loans granted to small and medium-sized enterprises through standardised products this year, to some 400 million euros. BRD in mid last year launc...
G'Market estimates turnover worth 60m euros
G'Market reported sales worth some 47.6 million euros last year, up by 20% compared with the previous period. Gimrom Holding, the operator of the G'Market supermarkets, plans to boost sales...
Romanian Post Office to invest 60m euros in modernisation
The Romanian Post Office intends to invest 60 million euros to modernise automatic sorting centres in Bucharest and Cluj, a project for which it intends to borrow 50 million euros from the E...
Half a million private properties evaluated at over 250,000 euros
There are over 100,000 Romanians who own properties worth over 500,000 euros, according to the Mosaic demographic segmentation. The Mosaic segmentation was developed by the Romanian-British...
Interbrew spends over 55m euros for promotion
Interbrew Romania, the third largest player on the local beer market invested over 55 million euros (rate-card) last year to promote all the beer brands in its portfolio, says Mihai Ghyka, g...
European Fine Food Import estimates sales worth 20 million euros
European Fine Foods Import, the newest entry on the food distribution market, estimates sales could amount to 20 million euros by 2009, three years after setting up the company. Michael Beck...
Howard Johnson earns 13m euros from business travel
The five-star Howard Johnson Grand Plaza hotel in Bucharest posted turnover worth 13 million euros in 2006, a slight increase on the previous year. The hotel recorded turnover worth 12.5 mil...