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Two deals revive real estate market in second quarter
Last year, real estate deals revolved around 2bn euros, however, the start of the year was poor in terms of the movement of assets, after several investors saw their funds dry up, while bank...
Janisch, Billa's CEO: Romania is our second market behind Russia
According to Wolfgang Janisch, CEO of Billa Romania, the largest supermarket network on the market, the company is examining around five networks for an acquisition. Janisch says Romania is...
Bucharest forex market stabilises around 36bn-euro transactions a month
Although it has seen steady growth over the last few years, the Bucharest forex market still falls behind other regional markets. The overall volume traded on the Bucharest forex market fell...
Prista Oil wants 30% of lubricants market by 2010
Bulgarian lubricant manufacturer Prista Oil, present on the local market for over ten years, intends to double its market share in around two years, and secure the No. 1 position among lubri...
Icelandic furniture retailer Jysk prepares for market entry
Icelandic furniture and interior decorations retailer Jysk, which currently has eight stores in Romania, plans to enter the Bucharest market next year, and is currently examining three poten...
AAA Auto could exit the market due to poor sales
Four years after it entered the domestic market, Czech used car dealer AAA Auto is considering exiting the market. The company achieved only one third of the 7,000-unit sales targeted for 20...
Kraft Foods and Strauss fight for top spot on coffee market
German coffee producer Tchibo posted turnover worth 13 million euros on the Romanian market last year, up 6.5% against 2006, according to company data, followed closely by the importer of th...
Cosmetics market slows down in 2007
The cosmetics market grew by 20% in 2007 against the previous year and reached 720 million euros, according to data from the international statistics institute Euromonitor. However, the main...
Over 630 EU-based insurance brokers registered on market
Over 630 insurance brokers from the European Union have notified the Insurance Supervisory Commission (CSA) of their intention to operate on the Romanian market, according to data from the C...