Business - Business Review


tiago mall.lo retail developments

First Romanian mall to file for insolvency sells for EUR 30.5 mln

News June 21, 2010 10:56 0 comments

Tiago Mall in Oradea, which filed for bankruptcy in May, was sold for EUR 30.5 million to a firm whose headquarters coincide with Baneasa Investments’ location, from an asking price of EUR 35.5 million. The…more »

Kaufland invests EUR 70 mln in expansion in 2010, returns to 2006 level

News June 21, 2010 10:55 0 comments

German discount hypermarket chain Kaufland has reported investments in network expansion of around EUR 70 million, close to the total value of its competitors’ 2010 extension budgets, says the company. The retailer has already opened…more »

Agricover launches Agricover Vet

Agriculture June 21, 2010 10:54 0 comments

Agricultural solutions supplier Agricover is launching a new division, Agricover Vet, dedicated to the zootechnical segment. “The decision to extend was based on some major arguments. First of all, our capability and expertise in the…more »

Deloitte: Companies relying on government to revive economy

News June 21, 2010 10:54 0 comments

In the context of the prolonged global recession, local companies expect more support from the state, considering governmental stimulus to be the most important catalyst to help turn the economy around, according to the second…more »

Swiss Windex to invest EUR 25 mln in local wind turbine factory

News June 21, 2010 10:53 0 comments

Swiss Windex is planning to start the construction of a wind turbine production facility in Constanta county, south-east Romania, in two months. The total investment, estimated to reach EUR 20-25 million, should be completed in…more »

Contract for Timisoara-Arad highway could be scratched

News June 21, 2010 10:52 0 comments

The minister of transportation, Radu Berceanu, has criticized representatives of the Poor construction company because only 7 percent of the Arad-Timisoara highway has been finished halfway into the time frame for completion. Some 400 days…more »

First Nokia Care Center in Europe opens in Bucharest

News June 21, 2010 10:51 0 comments

Nokia Romania has opened Europe’s first Nokia Care Center in Bucharest. Customers in Romania will be the first to have access to the entire range of the mobile phone firm’s assistance services. “The unique component…more »

Wizz Air flies 31 percent more passengers

News June 21, 2010 10:50 0 comments

Low-cost air carrier Wizz Air has announced a 31 percent increase in passengers in the first five months of 2010 on the same period of last year. The company registered 736,000 passengers in the period…more »

Dinel Staicu suspended as head of SIF Oltenia after jail sentence

News June 21, 2010 10:49 0 comments

Dinel Staicu, head of the financial investment company SIF Muntenia, has been suspended from the position for two weeks, according to company representatives. The decision was taken by the National Securities Commission (CNVM) after the…more »

Menswear firm Barotti sews up EUR 25,000 in new collection

News June 21, 2010 10:46 0 comments

With an investment of EUR 60,000, Romanian menswear brand Barotti opened its first store in Unirea Shopping Center in October 2009, and aims to open its second location in a Bucharest shopping mall, as well…more »