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Bucharest's modern retail market still unsaturated
Bucharest's food retail market is still a long way off becoming saturated, as indicated by the level of coverage from major networks, which opened one store per 25,600 inhabitants. On a nati...
Intesa Sanpaolo and CR Firenze still pondering merger of local branches
Italian-based Intesa Sanpaolo, one of the largest financial groups in Italy, has yet to make a decision concerning its two subsidiaries on the Romanian market. The group recently took over t...
Government still has unspent money after 9 months
The public budget has posted a 220 million-euro surplus (0.19% of the GDP) nine months into the year, according to data published yesterday by the Ministry of Economy and Finance. Total reve...
Ardaf still in the red in H1
Ardaf, an insurance company taken over at the beginning of the year by the Czech-based company PPF Investments, closed the first half of the year with 36.3 million-RON (almost 11 million-eur...
BT, still not where it wants to be
Asset sale is likely to be one of the streams of revenue Banca Transilvania (BT) could rely on next year, with the 25% stake in Asiban as an example in this regard, states Robert Rekkers, th...
Savings still strong after NBR cuts interest
The appetite of the population for saving has remained robust, with RON deposits seeing a record increase, by almost 43% in real terms at the end of April against the same month last year. T...
Biborteni enters still drinks market
Bibco Biborteni, producer of mineral water Biborteni estimates a 20-30% sales increase for this year, a growth sustained by its recent entry onto the non-carbonated soft drinks market. The c...
Still mineral water production increases 15%
Production levels of still mineral water rose by 15% last year compared with the previous period, while sparkling mineral water advanced by 6%, according to the data provided by SNAM (Nation...
Parmalat: still soft drinks market to double by 2010
Parmalat Romania, producer of Santal soft drinks, has targeted sales of 17 million litres for this year and intends to double its previously recorded growth rate. Last year, the company post...