Companies
AVAS Claims $8.7M From Musat & Asociatii In Noble Ventures Case
Romania’s privatization authority AAAS, former AVAS, has filed legal action against Musat & Asociatii claiming $8.7 million from the law firm, arguing the latter failed to meet all its oblig...
Consumption Of Soft Drinks And Mineral Water Returns To Growth
Romanians now consume 2.8 billion liters of soft drinks and of bottled mineral water per year, over 20% more than in 2005. Consumption per capita has reached around 130 liters. Last year the...
Paint And Coating Market Operates At 30% Capacity
The paint and coating market ended last year in decline, as it kept relying on renovation work paid for with public and private funds. After four years of decline, the companies are now sayi...
Profi Opens Second Store In Satu Mare, Northern Romania
Retailer Profi, controlled by Polish private equity firm Enterprise Investors, will open Friday its second store in Satu Mare, northern Romania.
Billa Starts Works On New Supermarket In Brasov
German supermarket chain Billa, part of the Rewe retail group, will start building a new store in Brasov, central romania, after it received its building permit earlier this week.
Only Two Bidders Left In Race For CFR Marfa Privatization
Romania’s Transport Ministry said Thursday that only two bidders have remained in the race for the planned sale of a 51% stake in state-run freight railway carrier CFR Marfa.
Lidl Opens 159th Romanian Store Next Week, In Bucharest
German retailer Lidl will open a new store in Bucharest Wednesday, reaching 159 stores in Romania.
GfK: Only 3% Of Romanians Plan To Buy Housing
Most Romanians are still cautious when it comes to new acquisitions, despite signs that the country’s economy regains strength, and say they are currently unable to save money, according to...
Company Privatization Offers Valid For No More Than Two Years
Offers to sell Romanian state-owned companies will be valid for up to two years, according to a decision approved by the government last week.