MARKET
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Leasing Market Rebounded To EUR1.3B In 2011
The Romanian leasing market rose 15% last year, when new financing hit EUR1.3 billion, but it was still significantly down from the almost EUR5 billion peak registered in 2007-2008, accordin...
Major Insurers See Double-Digit Decline In 2011 Revenue
Nine of the top ten general insurance companies posted declines of up 25% of gross premiums written because of the lower sales of car policies. The only exception was Asirom, which posted 40...
Liberty Center Loses Marks & Spencer And Burger King As Tenants
Liberty Center, a shopping center in southern Bucharest, lost several tenants early this year, such as Marks & Spencer, Forever 18 and a Burger King restaurant that was closed.
Romanian Wine Market Grew 15% In 2011, To EUR400M
The Romanian wine market grew by 15% last year, to a value of about EUR400 million, after two years of decline, according to the data of industry association PNVV.
Fujitsu Romania Head Says IT Market Is Picking Up
Demand for IT equipment and solutions, such as servers and storage systems, started to rebound in Romania last year after an investment freeze both by private companies and by the public sec...
Biggest Romanian Bet In Food Retail: From EUR100M Investments To Insolvency
Romanian businessman Dinu Patriciu surprised the entire retail market in 2010 when he “declared war” on foreign retail chains and started to develop the Mic.ro and Mac.ro stores (formerly Mi...
Top Stock Exchange Rises Since The Beginning Of The Year
Nobody would have imagined at the beginning of the year that the BET index (of the 10 most liquid stocks) would rise 16% in a month and a half, and that the SIFs (regional investment funds)...
Romanian Insurance Market Seen Stagnating Or Growing Slightly This Year
Romania’s insurance market will stagnate or register a slight growth this year, as it is still coping with the effects of the financial crisis of the past three years, Mariana Diaconescu, CE...
Goodyear: Romanian Tire Market Has High Growth Potential To 15 Million Units
The Romanian tire market has a high growth potential and will be considered mature when it reaches about 15 million units, from the current 3 million, said Michel Rzonzef, vice-president for...