August 30, 2010 10:29

SCT Bucuresti, Alpine Bau and Via Proiect Bucuresti win contract for capital street repair works

SCT Bucuresti, Alpine Bau and Via Proiect Bucuresti win contract for capital street repair works

The Bucharest city hall has awarded to SCT Bucuresti, Alpine Bau in Austria and Via Proiect Bucuresti a RON 37 million (EUR 8.8 million) contract to upgrade the road system and the tram line on the Aerogarii Boulevard in Bucharest.

August 23, 2010 11:53

Mercadia Holland buys miniMax Discount

Mercadia Holland buys miniMax Discount

Mercadia Holland BV has taken over the full shareholding of miniMax Discount, the operator of the discount retail network. Mercadia owns the Mic.ro chain of proximity stores, which is controlled by businessman Dinu Patriciu. The value of the transaction was not disclosed but market estimates place it at a few million euros.

August 23, 2010 11:51

Fewer properties to be built by National Housing Association

Fewer properties to be built by National Housing Association

The number of houses built by the National Housing Association (ANL) is expected to fall this year from 7,000 units, as was planned by the Development Ministry at the beginning of 2010, to just 1,400. The cutback comes as the state budget funding for building this type of housing, which is intended to be used by young people, is going down.

August 23, 2010 11:47

National Railways Company CFR plans to rent station space to big retailers

National Railways Company CFR plans to rent station space to big retailers

The National Railways Company CFR plans to rent space in 15 stations to large retailers. An area representing 30 percent of the total station surface could be taken up by fast food outlets, restaurants, pharmacies, bookstores and bank branches, said the company’s general manager Emil Sabo, quoted by Mediafax.

August 02, 2010 17:10

Metro Cash& Carry opens second Metro Punct outlet for resellers

Metro Cash& Carry opens second Metro Punct outlet for resellers

Metro Cash & Carry opened last week its second Metro Punct outlet, which particularly targets resellers. The store is located close to the town of Piatra Neamt, has a sales surface of 1,500 sqm and over 3,000 items in its range. It also includes products under Metro’s own brands Aro, Fine Food and Sigma.

July 28, 2010 13:49

First H&M store opens at AFI Palace Cotroceni

First H&M store opens at AFI Palace Cotroceni

The first H&M store will open in AFI Palace Cotroceni Mega Fun, as the flagship of the H&M network in Romania. The store will take up a dedicated surface of two floors and will be inaugurated in the spring of 2011.

Otilia Haraga

July 26, 2010 11:51

Den Braven Romania posts 40 percent higher sales in first half of 2010

Den Braven Romania posts 40 percent higher sales in first half of 2010

The local subsidiary of Dutch polyurethane foams and adhesives producer Den Braven posted a 40 percent sales increase for the first half of 2010 against the same period of last year, reaching EUR 16.3 million. The increase was mostly driven by a surge in exports of more than 115 percent while sales on the local market rose by 7 percent, reaching EUR 7.5 million.

 

July 26, 2010 11:50

Basarab flyover costs rise as more works are added

Basarab flyover costs rise as more works are added

The Bucharest City Hall Council has approved a EUR 108 million increase in the costs of the Basarab flyover, Mediafax has reported. The sum covers the expenses incurred by the project over the past two years. The financing will come from the local budget of the city hall.

July 26, 2010 11:48

Lindab’s profiles division reports 10 percent higher Q2 sales year on year

Lindab’s profiles division reports 10 percent higher Q2 sales year on year

The profiles components division of Lindab group has reported a 10 percent increase in sales for April-June of this year compared to the same period of last year, with a value of EUR 59.4 million.

 

July 26, 2010 11:46

Euro Habitat enters insolvency procedures

Euro Habitat enters insolvency procedures

Euro Habitat, the developer of the Planorama residential project in Bucharest, has entered insolvency procedures through reorganization. The Bucharest court has opened the procedures and appointed a judicial administrator to lead the reorganization of the company.

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