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Cora Announces Bold Expansion Plan: 20 To 25 New Stores By 2015
French hypermarket operator Cora, which until recently had a slow expansion on the Romanian retail market, is shifting strategy: Thursday it announced plans to open 20-25 stores in the next...
With 118 Stores, Lidl Becomes Largest Retail Network
As of October 10, discount chain Lidl will become the largest modern retailer on the Romanian market in terms of store numbers, after opening 11 greenfield stores and reaching a total of 118...
UniCredit Resumes Expansion But With One Foot On The Break Pedal
UniCredit Tiriac Bank, the fifth largest lender in Romania, has gained trust to resume branch opening. However, the spectacular plan of opening 300 units in five years announced in late 2010...
Raiffeisen Bank Romania Renegotiated Rents, Shaved 20%-30% Of 2008 Level
Lender Raiffeisen Bank has renegotiated the rents it pays in Romania, obtaining a 20%-30% reduction from 2008 levels, Thursday said Vladimir Kalinov, Vice-president Retail Division.
Decathlon Plans Four New Stores
French-held sporting goods retailer Decathlon, which has six stores in Romania, will open another four units by next spring following investments estimated by ZF at over EUR10 million.
Furniture Maker Rus Savitar To Open In Arad Its 11th Store
Furniture maker Rus Savitar will launch Friday its 11th store in Romania, within the Armonia shopping center in Arad, following an investment of EUR200,000, according to a company news relea...
Banks' Adjustment To Crisis: 450 Units Closed And 5,000 People Left Since 2008
The banking system continues to slowly adapt its territorial network to the weak loan demand, particularly on the retail segment, so that 32 units were shut down in the second quarter, with...
New Yorker Speeds Up Expansion: Four Store Openings Scheduled By Yearend
German clothing retailer New Yorker, which owns 18 stores on the Romanian market, will accelerate its expansion rate over the next few months, and is set to open four stores by the end of th...
Cora Earmarks EUR30-40 Mln For Land Acquisitions
Cora, one of the most aggressive retailers in the last few years on the Romanian market, plans to open a small mall in Bucharest, which will also host a Cora hypermarket.