FOOD
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Cold Cuts And Canned Food Company Vascar Aims For RON130M Revenue In 2017
Cold cuts and canned meat producer Vascar based in Vaslui County (eastern Romania), which also owns retail operations, says it plans to continue expansion by five stores a year and one of th...
Romania Spends Over EUR3B On Imported Food, Exports Only EUR1.4B Worth
Romanians ate more than EUR3.1 billion worth of imported food last year but the local market exported less than half of that amount, EUR1.4 billion, ZF has found from National Statistics Ins...
Tymbark Maspex Considers Further Acquisitions In Romania
Polish Maspex group (Tymbark) continues to look for acquisition targets in Romania, a country with a lot of potential for investment because of its economic growth, says Krzysztof Grabowski,...
Private Labels Account For 20% Of Food Market In Romania
Private labels now account for one fifth of the food market, but these products that retailers developed to take on established brands have yet to become important on such segments as bevera...
Cris-Tim Owner Expects EUR10M From Ready Meal Sales
Radu Timis, the entrepreneur who founded Cri-Tim, one of the leading meat processing businesses in Romania, expects EUR10 million sales from the ready-meal segment, following the investments...
Ocean Fish Plans To Create Own Retail Chain
Fish and fish products company Ocean Fish, controlled by Republic of Moldova businessman Ilie Busuioc, is considering expanding into retail by developing its own store chain.
Value Of Food Products Available On Local Market Up 15% To EUR11.5B In 1H - Minister
The value of local food products available on the Romanian market rose 15% in the first six months, at EUR11.5 billion, from EUR10 billion in the same period a year before, agriculture minis...
Prices Dropped 12% After VAT Rate Cut On Food - Minister
Prices dropped 12% in June after the VAT rate was lowered to 9% on food, said Agriculture Minister Daniel Constantin, adding the measure has boosted consumption.
Romanian Consumers Spend EUR500M In Stores At Easter Time
Easter, the second most important time of the year for consumer spending after the Christmas season, drives up sales of the major retailers compared with the rest of the year. Romanian consu...