Policolor estimates 5-6 pct rise in turnover this year

Retail & FMCG August 21, 2014 16:03 0 comments

Policolor, one of the largest players on the Romanian paint and enamels market, estimates its turnover in Romania will rise 5-6 percent this year, from EUR 29 million in 2013, driven by new product launches and improved distribution channels, writes Mediafax. The company posted a 5 percent increase in consolidated sales in the first half of the year and its…more »


Anchor Group gives update on Bucuresti Mall and Plaza Romania renovation; new tenants

Retail & FMCG August 21, 2014 14:35 0 comments

The refurbishment of Bucuresti Mall and Plaza Romania announced by Anchor Grup it’s running according to the initial works schedule…more »


Biofarm to buy back 10 percent of own shares

Pharma August 21, 2014 14:05 0 comments

Romanian pharmaceutical producer Biofarm will buy back up to 10 percent of its own shares by public offering, at a…more »


Raiffeisen Romania’s net profit down to EUR 45 million

Banking August 21, 2014 13:25 0 comments

Raiffeisen Bank posted EUR 45 million profit after tax for the first six months of 2014, compared to EUR 60…more »


Portland Trust to develop new office project in Pipera

Offices August 21, 2014 12:08 0 comments

Real estate developer Portland Trust, founded and run by British businessman Robert Neale, acquired a four-hectare land plot in Pipera…more »


Decathlon’s bicycle supplier to build second plant in Romania

Business August 21, 2014 11:15 0 comments

NextCity, the company that assembles 2,000 bicycles a day in Resita, Romania, for French group Decathlon, will start building its…more »


Polish airline Eurolot introduces Cluj-Napoca – Warsaw route

Business August 21, 2014 10:17 0 comments

Eurolot, subsidiary for Lot Polish Airlines, will introduce Warsaw - Cluj-Napoca route on October 27 with a frequency of six…more »


Philip Morris to invest in Otopeni factory expansion

Retail & FMCG August 20, 2014 16:35 0 comments

Philip Morris is in the middle of an expansion process for its cigarette factory in Otopeni, Ilfov county, and while…more »

Marriott Building

Bank of Cyprus sells its stake in Marriott hotel for EUR 95 million

Hotels August 20, 2014 15:43 0 comments

Bank of Cyprus on Wednesday said it has signed an agreement to sell its assets related to Societatea Companiilor Hoteliere…more »


Heineken H1 sales in Romania fall on weak demand

Retail & FMCG August 20, 2014 15:18 0 comments

Dutch brewer Heineken NV Wednesday said its beer volumes in Romania declined in the high-single digits in the first six…more »

Upground office foto 1

DTZ: 15.7 percent of office space in Bucharest still unoccupied

Offices August 20, 2014 14:13 0 comments

The vacancy rate of office space in Bucharest has dropped slightly this year, to 15.7 percent, and 330,000 square meters are…more »