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Fortis Lease aims for over 5% of the market
Fortis Lease, the leasing division of financial Belgian group Fortis, intends to cover a 5-10% share of the leasing market in Romania, by means of local company Global Finance & Leasing, acq...
GE Money targets over 50 territorial branches
GE Money, the division of retail financial services of General Electric, aims to operate over 50 territorial branches on the Romanian market, on medium term, as it intends to open 20 branche...
Jolidon takes over 65 Infiore stores
Cluj-based underwear manufacturer Jolidon has bought Infiore, one of Italy's biggest brands, which owns a network of more than 100 stores of its own, of which Jolidon has purchased 65. The t...
Fadesa to invest over 1bn euros in residential projects
Real estate development company Fadesa Immobiliaria intends to invest over one billion euros in Romania for the construction of five residential projects in Bucharest and Bacau, which will c...
PharmaFarm: over 15% growth
The management of Cluj-based PharmaFarm, the national drug distributor, estimates the drug market will see a 12-15% increase this year, but company representatives expect the trend of their...
Transactions over 10,000 euros, tracked online by the authorities
As of January 28, the National Office for the Prevention and Fight against Money Laundering (ONPCSB) will have access to the National Bank's interbank communications network, enabling the ON...
Traditional cake sales up by over 15%
The lack of time and the convenience of shopping in the big hypermarket chains have pushed sales of traditional cakes up by over 15% during the winter holiday season. Nationwide, active fema...
Half a million private properties evaluated at over 250,000 euros
There are over 100,000 Romanians who own properties worth over 500,000 euros, according to the Mosaic demographic segmentation. The Mosaic segmentation was developed by the Romanian-British...
SEWS estimates over 100m-euro turnover
The management of SEWS (Sumitomo Electric Wiring System) estimates turnover will top 100 million euros, though stagnating this year. During the 2002 - 2005 period, the company had seen its f...