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Meinl invests 380m euros of its own funds in 3 malls
Austria-based Meinl European Land, with assets worth around 4 billion euros, will invest approximately 380 million euros in the next two years in developing three malls in Romania, without r...
Stock Exchange ends its worst six months in 10 years
The BET index (which reflects the trend of the 10 most liquid shares on the Bucharest Stock Exchange (BSE), has seen an almost 33% decline since the beginning of the year, with the stock exc...
NBR can no longer reduce inflation on its own
The NBR (National Bank of Romania) will keep the interest rate high for a long period of time in order dampen inflation, but it will not meet its target without support from the Government,...
Romaqua targets 5% of beer market in its first year
In its first year since launching the Albacher brand, Romaqua, the producer of Borsec mineral water, intends to sell around one million hectolitres of beer, the overall volume produced by th...
KPMG wants half of its clients to be Romanian
The level of foreign investments attracted in Romania may come to a halt due to the lack of a developed infrastructure and education. Serban Toader, a senior partner with KPMG, the domestic...
What Romania stands to gain from its 45bn-euro petroleum reserves
The tripling of crude oil prices over the last few years to 130 dollars a barrel has brought Romania's reserves to around 550 million barrels of petroleum, all of them operated by Petrom to...
Lekkerland Convenience launches its own products
FMCG distributor Lekkerland Convenience, one of the top ten companies on the local market, posted sales worth 54 million euros last year, up by around 74% against 2006, according to the comp...
kika expects 30-50m-euro sales for its first store
Austrian furniture and decorations retailer kika could derive sales worth 30-50 million euros from its first store, which will open at the end of the year in Bucharest's retail park West Par...
Steilmann adds 20 stores to its network
Steilmann now owns 60 stores domestically, while the group's policy pursues a 100-store network by late 2009. "Investments in arranging a store revolve around 500 euros per square metre, whi...