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Domo in talks to take over Teknosa facilities
Domo Retail, the second-larger player on the electronics and home appliances market in Romania, is in talks to purchase the retail facilities held by Turkish-based Teknosa, which last week c...
Transition is over: IMF could close office in Bucharest
IMF, the "bogeyman" of Romanian governments since 1990, might close its Bucharest office, as part of a restructuring process whereby the international financial institution attempts to curb...
Tengelmann to invest over 300m euros in Plus expansion
After rejecting bids from Carrefour, Rewe and other international retailers that have voiced interest in Plus stores of Romania, Germany's Tengelmann group is further expanding its discount...
Over half of unit-linked funds in the red in Q1
Investment funds that are attached to unit-linked life insurance registered a range of results in the first three months of this year (Q1), from 19.9% in losses, to 9.4% in yields, after the...
Listed companies choose credits over capital increases
The low appetite for investments on the Stock Exchange has deterred companies from raising money from the market via capital increases, resorting instead to bank credits to cover their fundi...
Groupama in exclusive talks to take over Asiban
French group Groupama has entered into exclusive negotiations with BCR, BRD-SocGen, CEC and Banca Transilvania to take over insurance company Asiban, according to a statement made yesterday...
Autoitalia: Commercial vehicles to generate over 35% of turnover
Herbert Stein, the chairman of Autoitalia Group, which imports the brands of the Fiat Grup and SsangYong models, estimates Fiat commercial vehicles will generate 36-40% of the company's turn...
Romanians buy over 240m euros' worth of gold
Deals involving gold saw an average 10% increase over the last few years. Over one tonne of jewellery is sold monthly in Romania, bringing the average sale per capita to less than one gramme...
Half of new flats in Bucharest are empty, despite demand for over 100,000 units
Despite demand estimated at 135,000 units, half of the 2,000 new homes completed in Bucharest last year are empty, reveals an analysis by Polish consultancy company REAS in partnership with...