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Drug market headed for first decline in five years
The Romanian drug market continued to go down during the second quarter of this year, although most players had expected a rebound in the wake of the clarification of the problems experience...
TNK-British Petroleum, the first official suitor for Petrom
Russian-British company TNK-British Petroleum (BP) had submitted, by yesterday morning, the only letter of intent for the privatisation of SNP Petrom, Dan Ioan Popescu, Economy and Trade Min...
First mortgage credit company in Romania sets sail
Less than a year from the regulation of the mortgage credit market, i.e., practically from the moment the normative act regulating the establishment of the mortgage credit companies enforced...
Body Shop sales flat in the first eight months
Cosmetics store chain The Body Shop Romania in the first eight months of this year registered sales worth 800,000 euros, largely equal to the sales posted in the same period of last year. De...
Inflation in the first eight months reaches 7.3%
The inflationary rate progressed only 0.3 percentage points in August, so that the annualised rate was 14.2% compared with August last year. This trend was due to the drop in foodstuffs pric...
Difficult talks for first sale within BCR
"Face-to-face" negotiations for the sale of a 25% stake plus two of BCR's shares to the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC), W...
Ariston and Indesit see 150% first half growth
Merloni Elettrodomestici, an Italian producer of home appliances, which holds the Ariston and Indesit brands, saw first half sales grow by 150% from the same time last year. "There are two m...
Electrolux logs 94% first half growth due to consumer credits
The strong growth in the sales of the home appliance retail chains following the introduction of the hire purchase has also influenced their main suppliers, i.e. the producers. World's leadi...
First greenfield project on hydroelectric power market
A consortium of five companies headed by private energy company Romelectro was again the only bidder for the $120-$150m hydropower development at Islaz, during the second stage of the tender...