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EXPANSION

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UniCredit-Tiriac Bank CEO Says Expansion Plans On Hold Until Economy Recovers
Banks-Insurance

UniCredit-Tiriac Bank CEO Says Expansion Plans On Hold Until Economy Recovers

UniCredit-Tiriac Bank will freeze its expansion plans in 2012 to focus on drawing more resources from the local market and increase profitability, chief executive Rasvan Radu said Tuesday.

Florentina Dragu · 15.11.2011 · 16:07 · 1 min
Retailers Open Stores Next To Each Other In Most Populated Areas To Eat Up The Competition
Retail&Consumer

Retailers Open Stores Next To Each Other In Most Populated Areas To Eat Up The Competition

No fewer than four Mega Image stores are located along Bucharest's Stefan cel Mare boulevard. Not one store of competitors Profi or Carrefour is to be found on the same street or in the vici...

Cristina Roșca · 13.11.2011 · 16:40 · 4 min
Fashion Retailers Press On With New Openings
Retail&Consumer

Fashion Retailers Press On With New Openings

Over 20 apparel stores have opened or have been announced in the past month, and fashion retailers insist things will not stop here, given the market’s potential to grow by EUR1 billion by 2...

Loredana Frățilă-Cristescu · 09.11.2011 · 00:00 · 3 min
Lidl On Course To Pass 125-Store Mark
Retail&Consumer

Lidl On Course To Pass 125-Store Mark

Lidl Romania, the German retailer that embarked upon the most aggressive expansion campaign, will open at least six stores by yearend and is on course to overshoot the 125 mark on this marke...

Cristina Roșca · 04.11.2011 · 00:00 · 2 min
Retail&Consumer

Altex Bets On Expansion

Altex, the largest electronics, home appliances and IT products retailer in Romania by sales, has opened eight stores this year and has three more planned by yearend. Total investments amoun...

Cristina Roșca · 02.11.2011 · 00:00 · 2 min
Modern Retail Has Room For 400 More Stores, Four Counties Have Maximum Development Potential
Retail&Consumer

Modern Retail Has Room For 400 More Stores, Four Counties Have Maximum Development Potential

Only four counties in Romania and Bucharest have maximum potential for expansion as far as food retailers are concerned, while 15 counties have low development potential.

Cristina Roșca · 20.10.2011 · 00:00 · 2 min
Retail&Consumer

Polish Enterprise Fund VI Invests Another EUR10M In Romanian Retailer Profi

Private equity fund Polish Enterprise Fund (PEF) VI on Wednesday said it will add EUR10 million to the share capital of Romanian company Profi Rom Food, for investment in the expansion of th...

Andrei Cîrchelan · 19.10.2011 · 16:50 · 1 min
Retail Networks Push For Expansion After Combined Profit Doubled Last Year
Retail&Consumer

Retail Networks Push For Expansion After Combined Profit Doubled Last Year

The consumers' lower disposable income, the sales tax increase and the economic crisis are not reflected in the balance sheets of the major retailers operating in Romania. The combined profi...

Ioana Mihai-Andrei · 12.10.2011 · 15:00 · 3 min
Dedeman's Investments This Year Up To EUR50M
Retail&Consumer

Dedeman's Investments This Year Up To EUR50M

Dedeman, the largest Romanian retailer, controlled by the Paval brothers in Bacau, invested EUR11 million in store no. 25, which will open on Friday in Alba Iulia, bringing total investments...

Cristi Moga · 11.10.2011 · 00:00 · 1 min