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Gucci set to launch on Calea Victoriei
It's official, the Gucci brand will enter the Romanian market in 2008. Two stores are scheduled to open next year via a company (rather than a franchise) with 40% of shares held by Gucci Gro...
European Drinks set to start production abroad
European Food & Drinks group, owned by brothers Ioan and Viorel Micula, is now visiting countries such as Poland, Bulgaria, Ukraine and Russia to launch foreign production as part of regiona...
Radu Craciun set to join Interamerican Pensii
Radu Craciun, 45, a renowned economic analyst, is set to become chief investment officer at Interamerican Pensii, the specialist unit of Interamerican insurance group, according to market so...
Zapp set to be bought by Saudi Oger
Saudi Arabia-based group Saudi Oger is negotiating the takeover of the stake held by American company Qualcomm in the Romanian company Telemobil, which operates the mobile telephony network...
Wizz Air set to double staff
Hungarian low cost airline Wizz Air will double its number of employees to 100 within the first few months of next year, in an unusual move for a foreign air operator, which generally employ...
Popoviciu set to develop a mall in the centre of Bucharest
Baneasa Developments, a company controlled by businessman Puiu Popoviciu, one of the most powerful real estate developers in Romania, will build an approximately 50,000 square-metre mall in...
Air France-KLM set to increase Romanian foothold
Air France-KLM (AFKLM) airline is set to introduce new flights on the domestic market in a bid to strengthen its position, after reaching an around 20% market share as a result of the comple...
Over 500 Spanish-held firms set up in Romania in H1
During the first half of this year, more than 500 Spanish companies arrived on the Romanian market and registered a level of invested capital five times higher than in 2006. "From almost 2,3...
Benvenuti set to expand by 6 stores this year
Benvenuti footwear store network, set up in 2004 by businessman Dan Pavel, will open six new stores this year, with the first two to be opened this week in Cluj and Iasi. "The large number o...