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For every new hypermarket opened, 100 small stores close
New hypermarkets often cause several tens of convenience stores to close, however, the real winners are petrol stations that stay open 24 hours and do not rely on store sales alone. What are...
TRW seeks locations for two more auto component plants
TRW Automotive Safety Systems, a producer of steering wheels and safety systems for Volkswagen, BMW and Mercedes, will expand its production capacities in Romania this year, following invest...
AZT Pensii Private's recipe for getting 1 million clients
The formula that succeeded in attracting one million clients to mandatory pension funds was a combination of reputation, extensive sales force and low investments in marketing, says Mioara M...
Romstal Leasing aims for 30% growth
Romstal Leasing, controlled by Belgian-based KBC Lease, plans to grant funding worth 275m euros this year and seal 7,500 contracts. Compared with last year, funding could climb by 30%. The m...
Real: Bucharest still has room for twice as many hypermarkets
Tjeerd Jegen, managing director of Real Hypermarket Romania, a division of Metro Group, believes Bucharest's retail market still has room for at least 22-23 hypermarkets, i.e. double the cur...
NBR blamed for not preparing the market for RON depreciation shock
The National Bank did not prepare the market for the shock caused by the unavoidable depreciation of the RON and is wrong to "point the finger" at the "cruel speculators" Misu Negritoiu, chi...
Centrul Medical Unirea: 10m euros for acquisitions
Private medical services provider Centrul Medical Unirea (Unirea Medical Center - CMU) will invest 10 million euros this year in the acquisition of new clinics outside the capital city, afte...
300m euros for 800 villas in Corbeanca
American-held Asset Management System, will allocate 300 million euros to build an 800-villa residential complex in Corbeanca commune, according to a recent statement from real estate compan...
EBRD grants 80m-euro financing for energy firms
Romania is set to receive 80m euros from the European Bank for Reconstruction and Development (EBRD), and the European Union to support the development of energy efficiency projects. The fin...