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GPV business up just 8% to over 10 million euros
GPV Romania, a member of GPV Groupe in France, Europe's leading manufacturer of envelopes and corporate mail management services, last year derived turnover worth 10.8 million euros, up 8% o...
New homes take concrete market to 350 million euros
Concrete consumption has grown by 15-20% on the average over the last few years and will reach about 350-370 million euros this year, because of investments in the residential sector and the...
Flamingo delivers 10,000 computers to Romtelecom
Flamingo International, the third largest retailer of home appliances in Romania, delivered around 10,000 computers to Romtelecom (one of the largest telecommunications operators on the loca...
Dacia to export 4,000 Logan Pick-Up vehicles
Automobile Dacia estimates it will export around 4,000 Logan Pick-Up vehicles to Turkey and Bulgaria, with the sales target for the domestic market set at 10,000 units, according to Jacques...
BYD to produce 3m Nokia cases each year
Chinese-based BYD Electronics, an established Nokia supplier, will start production in Jucu, Cluj-county, in November, and plans to produce around 3 million plastic cases for mobile phones e...
Extenso set to open three Lotto stores
Extenso, the domestic importer of Lotto, Stonefly Italgreen and Gas brands, will open at least 4 stores this year. Currently, the company owns a network of 32 monobrand shops, 33% more than...
BRD profit up 48 percent to 275 million euros
BRD-SocGen derived net profit worth 917 million RON (274.7 million euros) last year, up 40%(48% in euros), double the increase posted in the previous year. Assets increased 45% last year, to...
Tengelmann holds on to Plus Discount network
German group Tengelmann has decided to keep its operations on the Romanian discount store market, after it examined the possibility of selling the Plus Discount network for six months. At th...
CEC to limit access to credits in foreign currency
CEC (The Romanian Savings Bank) will focus on granting funding in RON for individual clients, especially after recent exchange rate volatility has indicated that foreign currency loans can c...