Companies
Number Of Modern Retail Stores Set To Double In 5-7 Years
Belgium-held Mega Image wants to open around 100 stores this year alone, Rewe Romania wants to double its network by 2020, and Carrefour is set to bring a new format on the Romanian market,...
Romanian Hora Plant Sells Ukulele To Americans And Balalaikas To Russians
Started as a small workshop with several people making musical instruments in 1951, Reghin-based Hora has become a modern industrial company in its own right and even helped found new musica...
NBFI Market Lost RON6B Worth Of Loans In Four Years
The stock of loans granted by non-bank financial institutions (NBFI) has shrunk by almost 6 billion lei (EUR1.34 billion) or 25% to RON18 billion from the end of 2009 through February 2014,...
Dragne & Asociatii Set To Develop Criminal Law And Intellectual Property Practices
Law firm Dragne & Asociatii, whose activity is now 80% focused on litigation, plans to develop criminal law, intellectual property and public acquisitions practices this year, according to I...
Labor Market, Unable To Pick Up After 5 Years Of Crisis
The higher-than-expected economic growth registered last year did not translate into a labor market revival: salary hikes were insignificant, the number of employees in the economy added jus...
Dan Sucu: Mobexpert Sales Rise In 1Q; Upbeat Expectations For Second Half
The Mobexpert group of furniture companies posted growth of 5% in sales in the first quarter compared with the year-ago period, at a time of decline on the domestic market, according to the...
Energy Market Reverts To 2009 Level With Last Year’s “Performances”
After consumption slipped by 5% last year, the energy market neared the level of 2009, the toughest year for Romania during the financial crisis, which led to a domestic demand contraction b...
Straco Grup, Lower Revenue And Profit In 2013
Bucharest-based builder Straco Grup, controlled by brothers Alexandru and Traian Horpos, ended 2013 with revenue of 616.5 million lei (EUR140 million), down 29% from 2012.
Spa Centers, A EUR6M Business In Romania
The Romanian spa market amounts to EUR6 million and it has numbered 140,000 clients. Most spas can be found in five-star hotels, but there are also several independent spa centers.