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Hyparlo trades Italy for Romania
We are giving up Italy for Romania, where we post double sales per store. This is the latest decision made by the French group Hyparlo, which decided to sell its Italian-based operations to...
Czech experience for Romanian telecommunications
All analysts see the possibility of lower rates (especially for international calls) as the main benefit of the fixed telephony market deregulation. Which is perfectly true, since we already...
Iulius gets green light for mall in Timisoara
After having "threatened" to build a mall in Timisoara for a long time, the Iulius Group says it is ready to do it now. The group will start building a shopping complex in this city in April...
Romania, third destination for EBRD investments
Romania ranks third in terms of EBRD (European Bank for Reconstruction and Development) investments (cumulative commitments), with 2.017bn euros throughout 1991-2001, but ninth in terms of p...
Bad luck for Trafigura in Romania
Trafigura Beheer BV, one of Europe's largest traders of oil, natural gases, metals, metallurgy and non-ferrous metals posted approximately $40 million turnover on the Romanian market in 2002...
75% growth for Ariston and Indesit
Merloni Elettrodomestici Romania, the local branch of the Italian home appliances company, maker of the Indesit and Ariston brands sold more than 21 million euros' worth last year, up 75% co...
Romanians find sudden appetite for euros, rush to sell dollars
Was it a mere coincidence? No one can know for sure. But it is certain that, immediately after the National Bank of Romania Governor Mugur Isarescu last week announced the switch to the euro...
$1.2m for Colliers
The local division of real estate company Colliers International last year reported revenues worth 40 billion ROL ($1.2m), up more than 30% since 2001, said the company's general manager Bog...
PNL wants equality for foreign investors
The National Liberal Party (PNL) has asked the Government and Prime Minister for the second time in the past week to reconsider the ordinance on the non-resident status, to eliminate both th...