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Flamingo closes its biggest store in central Bucharest
Flamingo International, a retailer of IT, electronics products and home appliances, will close the store it owns in Bucharest, in the Piata Universitatii area, with plans to sell the 1,200 s...
IKEA grabs 4% of the furniture market in its first six months
IKEA, the Swedish-based furniture and interior decorations retailer, has posted business worth 40 million euros within its first six months on the Romanian market, 75% higher than initially...
Imported and local wines clash takes its toll
Two wine retailers, Depozitul de Vinuri and Vinlux, both positioned on the high-price segment, closed their stores in Bucharest in the second half of this year. On a mature market where ther...
Bogaris to invest 450m euros in its first large-scale project
Alfonso Otero Zapata, managing director for Poland and Romania of the Spanish real estate developer Bogaris, which has ongoing investments worth 680 million euros, has decided to open an off...
Distribuitorul IT&S vede afaceri de 20 mil. euro
Compania de distributie IT&S (International Transactions & Services) estimeaza ca va inregistra in acest an o cifra de afaceri de 20 mil. euro, fata de 14. mil. euro in 2006 - cand firma a f...
Baumit, expects to maintain its 30% growth rate in H2
Construction materials manufacturer Baumit Romania, a branch of the international group Baumit Wopfinger, generated a 30% turnover increase in the first half of this year against the same pe...
Hame adds Antrefrig brand to its portfolio
Hame Romania, ranked third on the market of tinned pate, with a registered turnover worth 15m euros last year, has acquired the Antrefrig pate brand, one of the top five brands on the market...
Polaris hires 500 Romanians for its first ATV plant
Polaris, American producer of all terrain vehicles will invest 50m euros in the construction of an ATV manufacturing plant in Giurgiu that will have a capacity of 60,000 units per year and a...
Banca Romaneasca doubles its credit portfolio
Greek-held Banca Romaneasca, the domestic branch of NBG, has managed to double its credit portfolio halfway through the year, while profitability of its operations also witnessed an increase...