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First Ikea store in Romania to be opened on March 21
The first Romanian store of the Swedish furniture retailer Ikea, located in the retail area of the Baneasa real estate project, will be opened on March 21, the company announced on Tuesday....
Romtelecom introduces low-price packages for calls to mobile networks
Individual and corporate subscribers of Romtelecom (the main Romanian fixed telephony provider) will be able to make calls to users of mobile telephones at a lower price, if they opt for one...
Inflation drops to a 4% low in January
The increase in consumer prices stood at 0.2% in January, and the annual inflation at a mere 4%. The annualised inflation figure (for the last 12 months) dropped almost 0.9 percentage points...
Online sales to generate 20% of BA revenues
The air operator British Airways has doubled the number of passengers transported to and from Romania over the first ten months of the 2006 - 2007 fiscal year ending March 31, 2007, while th...
Trade deficit up 45% to 15 billion euros
Romania's trade deficit (the difference between exports and imports) last year approached 14.9 billion euros, up 45% against 2005, according to data from the National Statistics Institute (I...
Cora intends to expand inside the cities
Jerome Peyrard, the development manager of the Cora hypermarkets for Romania and Hungary, says the network will not speed up its expansion due to the high land prices and to the volatility o...
FNI investors return to mutual funds
The former investors in the FNI and FNA are returning to investing in mutual funds, even though they have incurred significant losses from such investments in the past. The gains generated,...
Domo to invest 6m euros in store network
Domo Retail, the second largest electronics and home appliances retail chain in terms of turnover in Romania, will invest some 6 million euros in developing its retail networks in Romania an...
Banks to drop bill payment at their counters
Big banks are one after another starting to no longer accept payment of utilities at their counters, in an attempt to reduce crowding. BCR, the biggest bank on the market, with one of the la...