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Financial news from Romania
Mexxem: We'll open 11 stores next year
Financial news from Romania
Monday, 04 December 2006
Cluj-Napoca-based Mexxem, sole importer and distributor of Puma, Wrangler and Lee products in Romania and part of the Dutch group of firms Stylmex BV, has announced its intention to
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Euro may fall below 3.4 RON
Financial news from Romania
Monday, 04 December 2006
Dealers are preparing to calculate the euro's exchange rate below the level of 3.4 RON, for the first time since last August, as the exchange rates stood at 3.4245
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Romarta to break up into 6 companies
Financial news from Romania
Monday, 04 December 2006
Romarta's shareholders have approved the company's division into six companies, a move following which big retail spaces will be managed separately, under the Winmarkt brand, while for the other
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Special beers account for merely 3% of the market
Financial news from Romania
Monday, 04 December 2006
Special beers are one of the latest trends in terms of consumption on the local beer market, but cover only 3% of the market currently, with beer specialties accounting
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A.D.M. Farm: 80m-euro turnover in 2007
Financial news from Romania
Friday, 01 December 2006
Dragos Pop, general manager with A.D.M. Farm drug distribution firm, ranking seventh on the market, says he budgeted turnover worth 80 million euros for 2007. For this year, the
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EU accession to spur fourfold growth for whisky market
Financial news from Romania
Friday, 01 December 2006
The whisky market could reach 3.7 million litres next year, more than 30% higher than this year's consumption. In terms of value, the market will expand by 10-15% at the
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Ixia Romania invests 7m euros in its development centre
Financial news from Romania
Friday, 01 December 2006
Ixia, one of world's leading providers of testing solutions for equipment and communication networks, this year earmarked 7 million euros for the local software development centre, Andrei Pitis, development
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Foreign currency loans drive lending up again
Financial news from Romania
Friday, 01 December 2006
Credit in foreign currency underwent a strong upsurge this October, with the annual growth pace rising to 31%, compared to the 24% registered last month. As of last spring,
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NBR regulations cause Altex sales to fall
Financial news from Romania
Friday, 01 December 2006
Altex, the largest domestic network of electronics and home appliances, saw its sales drop by 10% in November, against the corresponding period of last year, as a result of
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Interamerican: Private pensions cost us 20-30m euros
Financial news from Romania
Friday, 01 December 2006
Insurance company Interamerican will invest 20 to 30 million euros to develop private pensions operations over a 7-10 year period, said the company's vice-chairman Emilia Bunea. "We will reach
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Friesland gets 4m euros from sale of land
Financial news from Romania
Friday, 01 December 2006
Dutch company Friesland Foods, owner of the Cluj-based dairy producer Napolact, collected over 4 million euros from the sale of a plot of land located in central Cluj, where
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