EXPANSION
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Foreign Retail Chains Bet EUR700M to EUR800M on Romanian Consumers Appetite for Spending in 2021
Modern retail chains in Romania are preparing to open 400 new stores in 2021 and spend EUR700 million to EUR800 million on expansion, on upgrades and logistics, ZF has found from the data th...
eMAG Expands Premium Delivery Service to Seven Cities
Romania's biggest online retailer eMAG is expanding its Genius delivery service to Craiova, Ploiesti, Galati, Braila, Sibiu, Pitesti and Buzau, the retailer said Tuesday.
Profi Targets Over 2,000 Stores in Romania by 2024
Retailer Profi, held by Mid Europa Partners, plans accelerated development in the next years, targeting over 2,000 stores by 2024.
5 to Go Ends 2020 with 220 Units, Seeks to Reach 1,000 in Five Years
Romanian coffee shop chain 5 to Go, founded in 2015 by two local entrepreneurs, ended 2020 with over 220 units locally and plans to continue expansion in the following years, said co-founder...
Kaufland Invested EUR300M in Romania in 2020
German-held Kaufland group, the leader of the local grocery retail, opened 10 hypermarkets in 2020, its fastest expansion pace in the last few years, for a total of 138.
Mega Image Keeps Expansion Pace, Ends Year with New Sales Growth
Retailer Mega Image will end the year with another sound growth of its sales, but CEO Mircea Moga says this year, marked by the COVID-19 pandemic, was a year of change and challenges.
Vifrana Seeks To Repay RON8.2M Loan, Expand To Four Markets In Europe
Vifrana, the leading organic wine producer in Romania by the cultivated area, wants to repay a loan of RON8.2 million contracted ten years ago from state-run lender CEC Bank, to invest in te...
Penny Ends 2020 with 20 New Stores, Same as Last Year
German-held discount store chain Penny has opened 20 stores this year without closing any in Romania. The company expanded at the same pace it announced a while ago and will continue do so i...
Altex Has Invested EUR27M in Development in 2020
Computer and electronics retailer Altex, the leader of this market in Romania, has invested EUR27 million in business development this year, choosing to continue expansion despite the COVID-...