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BRD becomes more selective with lending to SMEs
BRD-SocGen, the second largest player in the banking system in terms of assets, will continue network expansion, but with a more selective policy and feels the need to slow down lending for...
Ostahie takes Media Galaxy to Ukraine
Dan Ostahie, the chairman of Altex group, the largest home appliances and IT products retailer on the domestic market is preparing to expand the operations of his group to Ukraine by opening...
Carrefour to open two more supermarkets next week
Carrefour will open two Carrefour Express supermarkets in Lugoj and Bistrita next week, which will take the network to nine such stores. The launch of the two stores is part of the programme...
PPF spends 6.5 million euros to buy natural gas supplier
Czech investment fund PPF Investments continues its acquisition campaign on the local market of natural gas transmission and supplying, after it struck a deal to buy 100% in Gaz Sud for 50 m...
Pepsi spends 3 million dollars to relaunch Prigat
Pepsi Americas, the local bottler of the PepsiCo products, will invest 3 million dollars in its non-carbonated soft drinks portfolio and relaunch the Prigat brand, a process that targets the...
Raiffeisen Locuinte poised to absorb HVB Locuinte
Housing banks Raiffeisen Banca pentru Locuinte (RBL) and HVB Banca pentru Locuinte, which specialise in saving-lending, could merge by the end of this year, after RBL shareholders signed an...
Three-room flats in Bucharest become increasingly harder to sell
The average price of old flats in Bucharest fell 12% on the average in the second quarter of the year, due to the lack of interest in such homes, reveals an analysis by magazinuldecase.ro we...
Germanos adds 3m euros to Sunlight's share capital
Sunlight Romania Filiala Bucuresti has increased its share capital by 10.7m RON (3m euros), to 12.7m RON (3.6m euros), via a cash contribution from its sole partner - Germanos Telecom Romani...
Ilie Carabulea: " We need to prepare for when foreign investors leave"
Ilie Carabulea, the Sibiu-based businessman who controls Banca Comerciala Carpatica and the Atlassib group, believes Romanian entrepreneurs need to be prepared for when major foreign investo...