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Furniture market to revert to over 10% growth
The year 2006 was a more peaceful year for the furniture market, after in the previous year the market had been seriously shaken by the weak export figures brought about by the stronger dome...
Banvit set to invest 10m euros in poultry production
Banvit group, Turkey's biggest poultry producer, invested 5m euros in a poultry incubator in Urziceni, Ialomita county, and plans to double its investment in the next two years. "We are goin...
Petrom prepares to produce energy in 2010
Petrom will start generating power in 2010, if the feasibility study for the 800 MW cogeneration power plant (accounting for around 5% of Romania's annual consumption) located within the Pet...
Three Aston Martins and a Lamborghini sold to Romanian buyers
Three Aston Martins and one Lamborghini, with a total value ranging between 500,000 and 600,000 euros have already been sold in the second day of the Luxury Car Show. Organisers say that, by...
Leonardo to open a Libelula store every 2 weeks
Florin Panea, chairman and CEO with Leonardo footwear retailer, says he plans to develop Libelula store network that sells footwear to low-income people, which could cover a yet untapped mar...
Farmexim gives cold shoulder to investment funds
Farmexim, one of the top distributors on the local pharmaceuticals market, has posted net profit of 2.4 million euros, after the company originally targeted a net gain of 1.1 million euros....
Tanasescu dumps PSD, packs bags and goes to IMF
Mihai Tanasescu, the PSD (Social Democrat Party) vice-president and former Finance Minister in the Adrian Nastase Government, has decided to leave the tumultuous political life of Romania an...
60% of Pangram sold to Italian-based Foodco
Businessman Ioan Popa, owner of Resita-based Pangram, the third largest player on the local pasta market, has sold 60% of the company to the Italian group Foodco, one of the leading players...
Tekzen selects Romania as gateway to EU market
Mehmet Gulgez, country manager with Tekzen Romania, the latest DIY chain to enter the Romanian market, states that the Turkish network intends to approach the domestic market with an aggress...