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Romstal starts global expansion with Russia
Romstal, a Romanian distributor of sanitary ware and electrical equipment, which budgeted turnover worth approximately 429 million euros this year, up 38% on last year, will open its first t...
Energy Holding loses contract with Oltchim
Energy Holding, the largest private energy trader on the market, has recently lost the energy supply contract with chemical plant Oltchim, estimated at 65 million euros, after it was replace...
Arctic clashes with Dacia over engineers
Arctic, the biggest producer of electrical home appliances in Romania, is competing with Pitesti-based carmaker Automobile Dacia for engineers and specialists, at a time when the market is e...
GE Money: Transaction with Dogus, first step towards consolidation
The transaction by which Turkish-based Dogus group took over 49.9% of Motoractive, Ralfi and Domenia Credit from GE Money is the first step towards the consolidation of GE Money's business i...
Broker Cluj: We will close the year with 45m-RON gross profit
Financial brokerage company Broker Cluj (BRK) estimates it will close this year with a 45 million-RON (around 12.5 million-euro) profit, more than twice as high as the profit recorded last y...
Siderma sells land with 15 million euros
Textiles producer Siderma Bucuresti last week sold land and buildings (located in Bucharest, sector 6) to Balkanic Intertrade for 50.6 million RON (15 million euros). According to Siderma, B...
Penny Market seals partnership with Blue Air
Discount store network Penny Market, held by the German group Rewe, has closed a partnership with the low-cost airline Blue Air to sell tickets in their stores. This is the second partnershi...
Primola Supreme competes with Milka and Heidi brands
Supreme Chocolat, one of the top three chocolate producers on the Romanian market, counts on an approximately 5% rise in the volume of sales this year against 2006. The producer has recently...
Hypermarkets team up with mall developers
Within the next 3 years, around 10 malls will have a hypermarket as their main anchor, whereas the initial strategy relied on partnerships with supermarket networks. Carrefour and Auchan are...