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Carrefour and Real see real estate opportunities differently
Though each of them has its own store positioning policy, the two networks' will cross paths in 2009, in Sibiu, in the European Retail Parc shopping park. Good locations for large retail are...
Zapp to see investments after takeover by Arab group Saudi Oger
The takeover of Romanian company Telemobil (operator of the Zapp network) by the group owned by the family of the former Lebanese Prime Minister Rafic Hariri - one of the richest families in...
BRD's chief: I see more doubts than certainties
The year 2008 will be dominated by uncertainties, with foreign markets being a major source of concern, which could generate shocks on an already vulnerable domestic market, leading to a gre...
Estima to see 64% increase in 2008
Estima Finance, a consumer lending company owned by GE Money, has budgeted a 64% increase in the volume of released loans, to 590 million RON (around 173m euros). The company estimates it wi...
Banking market to see further mergers
Medium-sized banks are likely to continue to strengthen their presence over the coming years amid fiercer competition and rising costs linked with their efforts to remain on the market, beli...
Gerocossen to see 3.4m-euro business
Romanian cosmetics producer Gerocossen, held by three Romanian shareholders, estimates turnover worth 3.4 million euros next year, up 10% against this year, after higher investments in promo...
Consumer credits see slower increasein September
Consumer credits saw a significant slowdown in September, when the annual growth rate dropped to 5.5%, after it registered a record high in the previous month. In August, say bankers, most t...
Romanian banks see declining profits
The profit rate of Romanian banks continued to go down in the third quarter of the year, with the return on equity dropping to 10.3%, i.e. two percentage points below the level seen midway t...
Micula brothers see Oradea at the centre of Europe
The headquarters of brothers Ioan and Viorel Micula, which covers 100 hectares of land, is prominent because of its size in a rural area populated by just a few thousand inhabitants located...