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Distrigaz Sud and Megaconstruct, the only bidders for Petrom Distributie Gaze
French Distrigaz Sud, the biggest natural gas distributor with operations in the area of Bucharest, and Megaconstruct company held by businessman Dan Adamescu, owner of Unirea Shopping Center, were the only companies that submitted bids for the takeover of Pet...
Finance Ministry sells only half of T-Bills in H1
The Ministry of Economy and Finance (MEF) sold T-Bills worth half the originally estimated value in the first six months, but the estimated value of issues in the first three quarters reache...
Only two funds beat bank deposits
People who chose to place their money in investment funds gained less than those who chose bank deposits during the last year, after just two funds managed to bring an annual yield above the...
Dairy imports account for only 5% overall consumption
Nonetheless, the weight of imports on the overall market is not higher than 5%, despite importers' expectations to go beyond this mark. "Finished dairy products boomed in 2007 in the wake of...
Dona: only one drugstore in a mall
Farmaciile Dona, one of the main drugstore networks on the domestic market, will rely on street locations to expand, while most rival chains choose to focus on shopping centres. Stores situa...
Orange will only conduct necessary acquisitions
Mobile telephony operator Orange Romania does not rule out the acquisition of GSM retail companies on the local market, and will only do so because of market evolution. "So far we have not h...
Only 10 towns with over 50,000 inhabitants still untouched by mall developers
Mall developers have, over the past year, targeted cities with a population that ranges between 50,000 to 100,000 inhabitants, in their search for cities still untapped by their competitors....
Romania uses only 3% of European agriculture funds
The agriculture sector had at its disposal European funds worth 760 million euros last year, of which it managed to absorb just 20 million euros, i.e. only 3%. The post-accession funds for 2...
Actavis relies only on exports for growth this year
Drug manufacturer Actavis Romania (formerly Sindan) this year aims to double export levels to 30m euros, up from 15m euros last year. Concerning domestic sales, the company has budgeted a si...