Romania
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Romania Ranks Third In Europe By Non-Performing Loans
Romania alongside Greece and Ireland, two countries that allocated billions of euros to save their banks, are the European countries with the highest rates of non-performing loans (NPLs).
Mark Hilton Targets More Than 100 KFC And Pizza Hut Restaurants In Romania By Yearend
Mark Hilton, the Brit put in charge of the KFC and Pizza Hut chains in Romania last year, said KFC and Pizza Hut’s sales rose by 15% and 10%, respectively, in the first quarter of 2013.
Yves Rocher Plans To Expand Romanian Network To 36 Units
Cosmetics producer Yves Rocher, which has been operating a retail network and mail order sales system in Romania for more than a decade, plans to open ten new stores in the next eighteen mon...
Germany’s Daimler Wants To Open Car Part Plant In Romania
German carmaker Daimler might open a car part plant in Romania, according to market sources.
20 Romanian Designers Make Clothes For H&M
A handful of designers in Paulesti, southern Romania, are sketching dresses and tops for H&M which reach the shelves of stores all over the world.
Romania Has Only Three Chocolate And Sweet Factories Left
Romania's chocolate production used to cover more than 80% of local sales seven or eight years ago, whereas today, the country has only three major chocolate and sweet plants left.
Calin Dragan Becomes Most Powerful Romanian CEO In The World
Romanian Calin Dragan will be appointed president of Coca-Cola East Japan Co., a company resulted from the merger of four Japanese bottlers with total revenue of $10 billion. The appointment...
Romania’s Grain Production Fell 39% In 2012 To 12.7 Mln Tons
Romania’s corn and wheat production fell 52% and 28.4%, respectively, last year and the crop yield was the lowest in the European Union despite the country’s large cultivated areas, statisti...
Bank of Cyprus Says Tax On Deposits To Apply Only In Cyprus
Bank of Cyprus announced Monday the decision to tax bank deposits higher than EUR100,000 will apply only to deposits in Cyprus.