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E.ON Gaz threatens to cut off gas supply
From the third quarter of the year, E.ON Gaz Romania intends to increase gas prices by 19%, otherwise the level of imported gas will be reduced, which could mean some consumers' gas supplies...
Omniasig doubles income to 12m euros
Omniasig, ranked second on the domestic insurance market, last year generated gross income worth 12m euros (40m RON), double the level derived in 2006. Therefore, the insurer is among the fe...
Raiffeisen Evolution to start works on Floreasca City
Real estate developer Raiffeisen Evolution, a division of Austrian financial group Raiffeisen, will start construction works on the mixed project Floreasca City in Northern Bucharest, which...
Orkla Foods: restructuring due to poor results
The local branch of the Norwegian group Orkla Foods reported a significant decline in sales and profit last year, against the previous year, and started a restructuring process, according to...
Erste: Romania could be the first market in the region to recover
The shares of the main companies on the Stock Exchange saw increases of up to 5% yesterday amid high traded volumes, after the market showed signs of a revival as early as last week. The SIF...
Wine sales shift from restaurants to supermarkets
Wine sales in super and hypermarkets have gained further ground against those operated through traditional channels such as hotels and restaurants, and accounted for 70.9% in overall sales b...
Steilmann adds 20 stores to its network
Steilmann now owns 60 stores domestically, while the group's policy pursues a 100-store network by late 2009. "Investments in arranging a store revolve around 500 euros per square metre, whi...
Linklaters wants to regain visibility in domestic M&A
From May 1, Linklaters' domestic office will have a new managing partner - Dan Torsher, who is currently in charge of the office in Bratislava. Linklaters Miculuti, Mihai & Asociatii, the do...
Italy and Spain take Blue Air's traffic to half of TAROM's
Blue Air, the low-cost airline that reached half of TAROM's revenues on the Romanian market in three years, is still relying on Spain and Italy, whose routes place it among the top spots on...