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Orange in talks to take over Euro-GSM, last locally-held major GSM retailer
Cluj-based businesspeople Silvia and Zsolt Fodor could relinquish control of the last big player in GSM retail, in order to focus on real estate (a five-star hotel and a housing & commercial...
Price of flats in Bucharest continues to fall
The prices of flats in Bucharest fell by 5% from January through to July this year, as a result of the reduction of prices especially over the last two months, the ZF index reveals. The pric...
BCR's net profit increases by 48% to 206.6 million euros in first half
The BCR group derived net profit worth 206.6 million euros in the first half of the year, up 48% on the same time last year. Andreas Treichl, CEO of Erste Bank, the majority shareholder of B...
McDonald's pushes for expansion to cope with aggressive competition
Fast-food restaurant operator McDonald's Romania, which owns a network of 55 restaurants, is resuming the aggressive growth strategy it previously applied from 1995 through to 1999 by openin...
NBR does its best to restrict lending
NBR could speed the enforcement of new regulations on lending for individuals, with the draft still on the experts' table and set to be debated tomorrow during the meeting of the Board of Go...
Tiriac JR wants "Stejarii" to be the most coveted luxury residential complex
Stejarii is being promoted by its owners as the ultimate luxury residential complex in Romania from every perspective: location, architecture, services, and buyers. The project is developed...
A&D Pharma's net profit plunges by 92% to less than one million euros
A&D Pharma, the biggest player on the pharmaceutical market, posted a 92% decline in net profit in the first six months of this year compared with the corresponding period of 2007, to less t...
Most expensive Ferrari in Romania due to arrive
Forza Rossa, the importer of Ferrari on the domestic market, is set to deliver the first Scaglietti 612 "One to One" limited edition model. The price of the model starts at 225,000 euros VAT...
Ambient Sibiu in talks to sell to EQT
Sibiu-based Ambient, a distributor of construction materials, is in advanced negotiations with private equity fund EQT, set up by the Wallenberg family (one of the wealthiest families in Swe...