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Stefanel waits for larger malls before expanding
Stefanel, the first international retailer that directly entered the domestic clothing market seventeen years ago is keeping an eye on how this year's mall projects unfold, with a view to ex...
Southern Bucharest, the new 'star' area for shopping malls
The Southern area of Bucharest, a location previously shunned by real estate developers, has unexpectedly become the new "star" for mall developers, with three shopping centre projects (City...
Altex aims for 430 million-euro turnover in 2008
Altex, the biggest retailer of electronics and home appliances on the domestic market, forecasts turnover worth 430 million euros (excluding VAT), up more than 35% against the 317 million eu...
Romania to be one of the top 10 markets for Toyota
Andrea Formica, senior vice president of Toyota Motor Europe, says the brand's sales will rise in the following years owing to East-European markets and to the launch of new models for the W...
Marfin seeks buyer for pension fund
Marfin, the smallest mandatory pension fund on the market, held by Greek group Marfin-Egnatia, intends to sell its portfolio of clients, and has already approached several other funds, marke...
Oresa sets 1bn-euro loan threshold for Kiwi Finance sale
Swedish-based Oresa Ventures investment fund, which last summer acquired Romania's biggest loan broker, Kiwi Finance, could sell the business as soon as it reaches 1bn euros in financing han...
Actavis relies only on exports for growth this year
Drug manufacturer Actavis Romania (formerly Sindan) this year aims to double export levels to 30m euros, up from 15m euros last year. Concerning domestic sales, the company has budgeted a si...
ANRCTI administers first fine for spam
Urban si Asociatii SRL is the first Romanian company to be fined for sending unsolicited commercial messages, also known as spam. The fine amounts to 1,000 RON, and was charged by the Nation...
Claims grow faster than premiums for 4th year
The gross claims settled by insurance companies last year went beyond 1bn euros for the first time, up 35% (in euros) from 2006. Also, turnover on the insurance market in 2007 advanced by a...