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Drug makers tap into 24m-euro dermocosmetics market
Forced by unfavourable conditions on the pharmaceutical market, producers, distributors and retailers are in search of alternatives to boost profit margins, and one solution is dermocosmetic...
Romtelecom slips into the red
Romtelecom, the biggest fixed telephony operator on the domestic market, posted losses worth 21.1 million euros last year, alongside revenues that fell 2.6% to 871.9 million euros - followin...
Prodvinalco turns production facilities into real estate projects
Cluj-based spirits maker Prodvinalco will begin three real estate projects in Cluj-Napoca, worth approximately 9 million euros, following in the footsteps of other companies in Cluj, such as...
Dogan taps into real estate sector with 50m euros
Turkish group Dogan, the owner of the largest media group and leading petrol station network in Turkey, has purchased a 55,800 square-metre plot in Bucharest for 48.9 million euros, Bloomber...
Appetite for fast food drives Broaster Chicken into the black
Chirila Prod, which has held the master franchise of fast food network Broaster Chicken since 1999, posted turnover worth over 730,000 euros last year, up 42% compared with 2006. More import...
Star Foods domestic brands turn into regional ones
Sotiris Yannopoulos, the general manager of Star Foods Bulgaria and Romania, says after PepsiCo's purchase of Bulgarian producer Penelopa, the company's plant near Bucharest will undergo dev...
How Nokia turned Jucu into a foreign investment hub
Hundreds of apartments under construction, an urban highway, several foreign companies in full recruitment drive, as well as the attention of the international press. For the almost 4,000 in...
Rompetrol Downstream steps into the black
The fuel distribution segment of Rompetrol, controlled by businessman Dinu Patriciu, at the end of last year stepped into the black, after it reported net profit worth 2.9m dollars (1.97m eu...
Inflation targeting turns into inflation forecasting for NBR
Inflation will continue to increase over the coming months and is expected to exceed 8% by the end of the quarter. It should, however, fall back to 5.9% by December, NBR Governor Mugur Isare...