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2015, First Year With Four Retailers With Over EUR1B Sales
Expansion, food VAT cut and the rebound of consumer spending were the growth drivers of retailers’ sales last year, which went up by as much as 40%, a record level like in the boom years.
Kaufland Becomes Third Largest Company In Romania
German-held Kaufland saw a 33% rise in sales to EUR2.4 billion in 2015, which makes it the first retailer in Romania’s economy to overshoot the EUR2 billion mark, following steady growth yea...
Bucharest And Four Counties Account For 50% Of Modern Retail Stores In Romania
Bucharest alone accounts for almost one third of the total modern retail stores in Romania, while 15 counties account for 1% or less. Counties like Calarasi, Tulcea and Salaj have ten modern...
GfK: Retail In Romania Grows Above EU Average
The latest forecasts for 2016 show there is an upward trend for the consolidation of retail businesses in the European Union, mainly in Romania where the growth is estimated at 7%, according...
Immofinanz To Introduce Two Retail Brands In Romania
Austrian-held Immofinanz will introduce the VIVO! brand in its four malls in Romania this year, is looking for suitable space for a new retail concept and is focusing on Bucharest on the off...
Polish Discount Retailer Pepco Grows To Almost 50 Stores In Romania
Polish discount retailer Pepco, which sells low-price apparel, footwear and accessories and entered Romania less than eighteen months ago, has already grown to about 50 stores in the large a...
Furniture Retailer JYSK's Network Reaches 30 Stores
Danish furniture and accessories retailer JYSK, which arrived in Romania with a store in Oradea in 2007, has grown to 30 stores in the country, after having opened ten last year.
Bulrom Expands Into Fuel Retail With OCTANO Gas Stations
Bulrom Gas, one of the leading actors of Romania’s liquefied petroleum gas (LPG) market, plans to open its first ten stores under the OCTANO brand this year.
EUR250M Real Estate Investments Announced In Two Days
The high yields on Romania’s real estate market are attracting new investors.