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Kaufland buys land for hypermarkets
The Romanian retail market was first noticed by the big players several years ago. As those that were brave enough to open stores back then are now posting increasingly better results, compa...
Bids for Distrigaz validated
The privatisation committee for the two gas distribution companies Distrigaz Nord and Distrigaz Sud has validated the expressions of interest submitted by German Wintershall and E.ON/Ruhrgas...
125% gain for Azomures minority shareholders
The minority shareholders of chemical fertilisers producer Azomures have gained 125% since last September, when the company started a 1,000bn ROL ($30 million) share capital increase operati...
Carrefour sees 30% growth in Romania, plans for more hypermarkets
The record number of clients visiting the Orhideea commercial centre, which opened last fall near downtown Bucharest, in the Grozavesti area, has allowed French group Carrefour to post sales...
Daewoo Craiova must look for other partners
It is the authorities' duty to support Daewoo Craiova's business, PM Adrian Nastase on Wednesday said, adding the Government is expecting the legal situation of the company to be cleared up,...
GFS headed for $100m this year
Developing the supermarket chain and introducing as many brands through franchises in Romania as possible are the ways Razvan Petrovici, general manager of the GFS Group, plans to use to boo...
Romanians establish 300 companies daily, but go for micro-enterprises
Statistics show that 300 companies are being registered daily in Romania, but most of them are micro-enterprises. Almost 93,000 companies were registered in the first ten months of last year...
Ticketing poised for 10% growth in 2004
The volume of airline tickets sold by the travel agencies this year will witness a moderate growth of about 10%, compared to 2003's 21%. "People took so many trips last year because of the l...
Christmas frenzy over, time for clearance sales
The clearance sales, that is the end-season rebates in Romania are beginning to resemble those in the Western Europe: a well defined period eagerly awaited by all shopping addicts, albeit no...