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Economic growth could reach a record 10% in third quarter
The third quarter could see record economic growth for Romania - 10% or even higher, based on a peak contribution from the agricultural sector, which means GDP growth could come close to 9% at the end of the year, according to analysts estimates. Romania has n...
Dedeman: We want to reach 30 stores in the long run
Construction materials distributor Dedeman, controlled by businessmen Adrian and Dragos Paval, will expand the company's current network by around 3-4 stores each year and plans to reach 30...
Petrom's profit doubles in H1, but fails to reach expectations
Petrom, the largest Romanian company, reported net profit worth 687 million RON (188.2 million euros) in the second quarter of the year, up 36% against the same time last year, whilst turnov...
Piraeus assets reach 3.9bn euros
Piraeus Bank, one of the largest Greek financial groups, reached assets worth 3.95 billion euros on the local market in June. The Greeks own a bank on the local market - Piraeus Bank Romania...
Daw&Caparol's paint sales reach 21m euros
Daw Benta, based in Mures county, a member of the Daw&Caparol group, a varnish and paint producer, estimates it will post a 21 million-euro turnover this year, up by around 8% against last y...
FCC Construction to reach 150m-euro turnover in 2 years
Within three years, Spanish giant FCC Construction has worked its way up from a single contract to around seven projects worth approximately 200m euros, with the value likely to increase to...
Retail sales could reach 38bn euros in 2008
The major European retailers are operating massive investments in Romania betting on consumers' rising purchasing power. Companies seem to be fighting on two levels: for the best city locati...
Office furniture market could reach 100m euros by 2011
The most dynamic segment of the furniture market, office furniture, exceeded the 80 million-euro mark in 2007. The 15% increase will maintain this year, as well, according to estimates of pl...
Plus Discount network to reach 80 stores in a year
The Plus discount store network plans to expand by 25-30 stores on the local market by the end of the next fiscal year (April 30th 2009), through investments estimated at 1.5 million euros f...