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Penescu brothers to launch new hypermarkets
The Pic group, one of the leading sugar distributors in Romania, and owner of a hypermarket in Pitesti, will develop its retail business, planning two more openings, one in Craiova, this yea...
Quadrant Connections to open facility in Sibiu
British cable assembly manufacturer, Quadrant Connections, will invest in a production facility in Sibiu, in partnership with the German manufacturer Odu. Company representatives have stated...
Microsoft set to double turnover in Romania in 3 years
Microsoft Romania made 29% higher revenues in the 2006 fiscal year that ended on June 30th, compared with the previous fiscal year. According to company officials, Microsoft Romania is now l...
Flamingo to get Czech retail manager in August
Jiri Rizek, the former manager of the electronics, home appliances and IT retail company Dixons / Electroworld that is based in the Czech Republic, will become the general retail manager of...
Verbul "to google" a intrat in dictionare
Verbul "to google", insemnand "a cauta informatii despre ceva sau cineva pe Internet, prin intermediul faimosului motor de cautare cu acelasi nume", a intrat in dictionarele americane. Editi...
Broadhurst and Property Fund to get 7m euros for Otelinox shares
A number of Otelinox Targoviste shareholders, including Broadhurst investment fund and the Property Fund, whose stakes total 19.84% together, filed for exiting this company and are to get 25...
Romanian textile industry to shrink by over 2bn euros in 5 years
The textile industry will reach a level of 7.5 billion euros in 2010, two billion euros lower than this year. Over the next four years, the number of players will almost halve, as domestic c...
Rise in gas price takes Romgaz's profit to 40m euros
The last valuable asset still in the state's portfolio, natural gas producer Romgaz Medias made a net income of 39.8 million euros (139.3 million RON) in the first three months of the year,...
Dinu Patriciu: We could sell up to 35% in Rompetrol Group
Oil tycoon Dinu Patriciu is thinking of selling 10 to 35% in the Rompetrol Group, prior to its listing on a foreign market by 2008. Such an operation would help Patriciu raise up to 600-625...