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Sorin Ilovici plans to sell part of Turbo stake
Sorin Ilovici, general manager and majority shareholder of the Turbo Photo&GSM store chain is currently in talks with several companies regarding the sale of part of a stake in the company....
Banks bring 11bn euros from abroad to fuel lending
The foreign debts of the banking system exceeded 11 billion euros at the end of November 2006, after having surged by around 41% from the level registered in 2005. At the same time, foreign...
MiniMax to invest 70m euros to reach 100 outlets
MiniMax Discount retailer plans to develop a 100-outlet network over the following 5-7 years by expanding at a faster than before rate. "We plan to open over 100 outlets over a period of 5-7...
Niche segments to boost cosmetics market
Dan Zloteanu, the marketing manager of Beiersdorf, the company that sells the Nivea brand, believes the growth the market will see over the next period will not be triggered by the major seg...
Tina R estimates 50% turnover increase to 6m euros
Clothing store network Tina R estimates a turnover increase from 4 million euros in 2006 to 6 million euros this year, triggered by the opening of new stores and by the sales increase seen i...
Heberger plans to develop its own real estate project
Heberger Constructii (Heberger Construction), the local subsidiary of the German group Heberger, which specialises in construction, estimates a turnover worth some 55 million euros this year...
Fadesa to invest over 1bn euros in residential projects
Real estate development company Fadesa Immobiliaria intends to invest over one billion euros in Romania for the construction of five residential projects in Bucharest and Bacau, which will c...
Whiteland tries to get Romanians to outsource logistics
Whiteland's reorganisation into two distinct companies (logistics and sales& marketing) will allow for the development of logistics partnerships with domestic producers, that have not as yet...
Concorde Courier sale to be completed in two months
Concorde Courier, a domestic and local (Bucharest) courier company plans to complete the sale process within approximately two months, because it can no longer sustain the significant growth...