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News Archive for February 7th, 2010

News from Romania. News Archive for February 7th, 2010



Detergents, soap and drinks, the steepest sales declines last year

Food retail last year contracted by 5% in terms of volume from 2008, on a market where sales in large store networks went up 8%, reveals a survey conducted [... more]

Octavian Cretu removes Burger from ranking of best-selling beers

In the duel opposing Romanian beer industry entrepreneurs Octavian Cretu – owner of the Romaqua Group, which produces the Albacher brand, and Ioan and [... more]

Eurolines sees 10% drop in transport revenues

Eurolines group, controlled by businessman Dragos Anastasiu, ended last year with 26% lower revenues from international passenger transport operations, plane [... more]

Some bonuses defy the crisis

Foresters, pharma and telecom employees, bankers and insurers received huge premiums and bonuses at the end of last year.



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Number of real estate transactions down 30%, value halves

The number of real estate transactions fell significantly last year, by almost 30% against 2008, while their value halved, amid more difficult access to [... more]

Wizz Air: Even with 20-euro tickets, we are not making losses

Hungary’s low cost carrier Wizz Air, which operates international flights from Bucharest, Timisoara, and Cluj-Napoca, will boost its flying capacity by [... more]

Niculae equips tractors with 300,000-euro GPS technology

Ioan Niculae, owner of the Interagro group, which operates in the agricultural sector, has invested around 300,000 euros in GPS technology for its 50-tractor [... more]

35 year-old Romanian in Renault’s commercial team

Mihai Bordeanu, 35, former regional manager of premium brand Lexus, has become part of the management team of the Romanian Commercial Division of the Renault [... more]