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ING expands to curb dependence on a few major clients
The plans, which ING Bank has for this year centre on further investment in retail through the opening of another 80 offices of the Self''Bank type, Dirk Serbruyns, ING Romania chairman, tol...
Carlsberg to see 20% growth this year
United Romanian Bereprod Breweries (URBB), producing the Tuborg and Carlsberg brands under licence on the Romanian market, predicts Carlsberg sales will soar 20% this year on the domestic ma...
Credisson and Domenia invest to expand
Credisson and Domenia Credit, two of the biggest non-banking financial companies, anticipated that operating conditions on the market would toughen once the NBR''s jurisdiction over this mar...
Cotnari strategy changes due to frost
Laurentiu Anghel, the marketing manager of Iasi-based winemaker Cotnari, announced an increase in prices by up to 20% in comparison to their current level, to offset the output losses caused...
Mutual funds market set to reach 1bn euros in five years
Daniel Stifter, general manager of the Eurobank Mutual Funds Management investment management firm, part of Eurobank Greek bank, the majority shareholder in Bancpost, says the development po...
HeidelbergCement turnover to exceed 200m euros
The business of the domestic unit of the German construction materials group HeidelbergCement surged by 22% in 2005, boosted by the rising demand for cement. "This year, we estimate growth o...
State to borrow up to 4.3bn euros
The state and its entities will be able to contract foreign credits amounting to a maximum 4.3 billion-euro limit this year, that is two billions more than in 2005, according to the foreign...
Julius Meinl to set up coffee shop network
The producer of the Julius Meinl coffee brand has bought a distribution firm in Targu Secuiesc and is preparing to develop a network of coffee shops in a franchise system. Austrian group Jul...
Carrefour hits 435m-euro sales, second only to Metro
Carrefour hypermarket network made 435 million-euro sales last year, an increase of more than 64% on the previous year, thus becoming the second leading player on the retail market after Ger...