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Franke: We're not affected by lending fluctuations
Franke Romania, the local branch of the Swiss group Franke, a retailer of fully-equipped kitchen systems, has revised its business growth estimates for 2007, which stood at around 12 million...
Ioan Niculae will not sell Asirom yet
Businessman Ioan Niculae, who controls around 50% in Asirom through Interagro group, says he will not sell his stake in the insurance firm in the next two or three years. Asirom is now worth...
Isarescu: I would never say we would not intervene on the forex market
The NBR (National Bank of Romania) has reaffirmed the fact that it can intervene on the forex market if needed, although it would prefer not to, after the RON gained almost 1.2% against the...
Schmidt: BMW's arrival not triggered by our performance
Michael Schmidt, the general manager of Automobile Bavaria, the BMW dealer in Romania, says the direct arrival of major global carmakers on the domestic market has to do with the fact the ma...
Pepsi Americas Romania not to change its team
Mike Holmes, who took charge of Pepsi Americas Romania operations after the deal by which the world's second leading Pepsi product bottler entirely took over the domestic bottler was finalis...
Euromall does not rely on rents alone
Part of the retailers of Euromall shopping centres will give between 7% and 10% of generated revenues to the owners, while the rest of companies will pay a rent per square metre, the most wi...
International chains not to arrive sooner than 2009
International retailers of electronics and electrical home appliances will not enter the domestic market sooner than 2009, say the major players already present on the market. The still low...
Auchan does not invest in promotion to keep shelf prices low
Regis Mougel, general manager of the Auchan Romania hypermarket network, says fewer investments in promotion and more directly imported goods, form part of the company's strategy for reducin...
Musat not interested to join forces with top foreign firm
Musat si Asociatii law firm last year disbursed net profits worth 500,000 euros to each of its nine partners, while senior lawyers billed fees worth above 200,000 euros, stated Gheorghe Musa...