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BUSINESS<br />
• The chain, which is the largest in <strong>Romania</strong>, with 216<br />
Mega Image supermarkets and 264 Shop&Go local<br />
stores, will continue to expand, reaching 500 shops in<br />
Bucharest and the surrounding area, where eighty per<br />
cent of its shops are currently concentrated. Delhaize<br />
has invested around fifty million Euros in <strong>Romania</strong><br />
hitherto, sometimes opening more than one hundred<br />
shops in a single year.<br />
• Argentinian to become CRH <strong>Romania</strong> boss<br />
CRH <strong>Romania</strong>, one of the largest local building materials<br />
producers, has appointed Gustavo Navarro (53) as<br />
director general. Navarro, who is Argentinian, has<br />
worked for more than a decade in the building materials<br />
industry in South-Eastern Europe and Russia. CRH<br />
<strong>Romania</strong> owns cement factories in Medgidia and<br />
Hoghiz, a machinery station in Tîrgu Jiu, and a network<br />
of cement terminals, quarries, aggregates deposits, and<br />
concrete stations throughout <strong>Romania</strong>. The previous<br />
CRH director general, Costin Borc, has taken up a<br />
position in the Ministry of the economy. CRH <strong>Romania</strong><br />
is the country’s second largest cement producer, with<br />
a turnover of more than 220 million Euros last year and<br />
steady profits of around fifteen million Euros.<br />
Sources: Wall-Street, Ziarul Financiar, Curierul Național,<br />
Profit.ro, Bursa<br />
THE POWER OF BEING UNDERSTOOD<br />
AUDIT | TAX | CONSULTING
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