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Beer 2003: fierce competition over 12% growth
Following the surprising increase of nearly 12% in the total beer consumption in Romania in 2003, all the major brewers managed to conclude the year with higher sales than in 2002. The vario...
BRD to open over 40 branches
The Romanian Development Bank (BRD) - Groupe Societe Generale (GSG) will continue to pursue its growth strategy for the retail segment by opening over 40 branches, mainly in the important Ro...
Christmas frenzy over, time for clearance sales
The clearance sales, that is the end-season rebates in Romania are beginning to resemble those in the Western Europe: a well defined period eagerly awaited by all shopping addicts, albeit no...
Battle over $130m auto liability insurance market
The battle over the $130m market of auto liability insurance, which started at the end of last week when the Insurance Supervision Commission (CSA) authorised 13 companies to sell this type...
Italian furniture brands fight over Romanian market
Italian furniture brands targeting medium and high income clients began the battle over the Romanian market by opening showrooms. "Opening a showroom results into a sales boost, while the in...
Mefin in talks over 2 million-euro credit
Sinaia-based Mefin is in talks with four banks over a loan worth up to two million euros, aimed at supporting the plant's operations and capitalising the company. "The period requested for c...
La Fourmi takes over 5 Concordia stores
One of Romania's first supermarket chains, La Fourmi, has recently expanded in Bucharest."We took over five stores of Concordia company. We will renovate the m and will turn them into La Fou...
APAPS privatises Oltchim all over again
After two extensions of the bid submission deadline and a lawsuit from a potential buyer, the Privatisation Authority (APAPS) on Saturday decided to cancel the privatisation process for petr...
APAPS privatises Oltchim all over again
After two extensions of the bid submission deadline and a lawsuit from a potential buyer, the Privatisation Authority (APAPS) on Saturday decided to cancel the privatisation process for petr...