MARKET
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Rompetrol Senior VP: Increase In Petromidia Capacity Will Put Pressure On Diesel Oil Importers
Increasing the refining capacity of Petromidia will render the local market more ‘Romanian’ in terms of supply, considering that imports of oil products and especially of diesel oil make up...
Arcon Boss Says 2012 A Very Difficult Year
The construction supplies market has had quite a difficult 2012 and will not see a steady rebound until 2014, says Ioan Titeiu, who owns Arcon Sfantu Gheorghe, one of the largest Romanian-ow...
Raiffeisen Head: I Wouldn’t Be Surprised If Five Banks Were Up For Sale Now
The banking system has begun a consolidation process, as seen in part in the decision of some international financial groups to sell some or their entire operations in Romania. More banks wi...
Transactions Pile Up At Yearend: Buyers Pay EUR300M In Ten Deals
The end of the year has been eventful on the mergers and acquisitions (M&A) market, with ten deals worth over EUR300 million being sealed in November, shows a ZF analysis based on data annou...
Unirea Store To Be Connected To Subway Station Via Shopping Gallery
Unirea Shopping Center in Bucharest will be connected to the most transited subway station of the city via an underground shopping gallery.
Housing Prices Keep Falling, While Some Developers Return To Construction Sites
The Romanian housing market is still seeking a direction after more than four years of crisis and price declines, and it could return to growth provided new apartment projects are adjusted t...
Romania’s Corporate Bonds Market Seen At EUR1.5B In 2015
Romania’s corporate bonds market issued by local entities may reach EUR1.5 billion in 2015, with a 1% share of the country's gross domestic product GDP, Claudiu Cercel, deputy general manage...
Upetrom 1 Mai To Focus On Production Of Green Energy Equipment
Gabriel Comanescu, the owner of the Upetrom group, bets on production of green energy equipment at Upetrom 1 Mai and tries to consolidate the position of Grup Servicii Petroliere, the leadin...
Romanian Mutual Fund Market Grows Despite Negative European Development
The Romanian mutual fund market became a European performer with net inflows of EUR86 million in the third quarter, while mature markets such as France, Spain and Italy lost billions of euro...