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Aldis to gradually give up its own store network
George Naghi, president and majority shareholder of Aldis, says he intends to give up his store network amid the boom of the retail segment on the local market. "We will gradually give up ou...
Raiffeisen sees profit increase to 52.9m euros
Raiffeisen Bank, the third-largest bank on the market, last year made 52.9 million euros in net profit, an increase of 1.1% compared with 2005. The bulk of the profit came in the second half...
Porsche plans to sell 540 Audi Q7 units
Porsche Romania, Romanian importer of Porsche, Skoda, Audi, Seat and Volkswagen car brands, has set a 540-unit target for the SUV Q7 for this year, up 54% against 2006. Last year, the compan...
City Mall: from real estate to retail
The new owner of shopping centre City Mall, Australian investment fund APN/UKA European Retail Trust, will rearrange the tenant mix of the mall and bring a new "anchor tenant" within the yea...
Patriciu in talks with six companies to sell 10-25% in Rompetrol
Rompetrol is in talks with six companies interested in acquiring a minority share within the petroleum group, through a capital increase by which the investor will secure 10-25% of the share...
ACC market goes up to 180m euros
Consumption of ACC (autoclaved cellular concrete) will increase by around 15% this year, a rate that could be doubled by a 10-15% price increase. Under the circumstances, the ACC market is e...
Zara licensee to expand network by 42 stores
Azadea Group, the company that introduced the Zara, Pull and Bear and Sunglass Hut brands onto the domestic market, is to expand its current 3-store network to another 42 locations by mid ne...
Atlas Corporation comes close to 50 million euros
Producer and construction supplies distributor Atlas Distribution, a Greek-held company, estimates a 45% increase in turnover for this year, to 47 million euros, a result of the increase in...
Tariceanu wants to cut labour taxation
The social security contributions paid by employees could be cut by up to 6% next year, Prime Minister Calin Popescu Tariceanu said yesterday. "We decided a priority for 2008 is an up to 6%...