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Bucharest Attracts 10% Of All Stores And Restaurants In Romania
Capital city Bucharest has managed to attract nearly 10% of total food stores, pharmacies and HoReCa (Hotels, Restaurants, Catering) units in Romania.
Nestle, L’Oreal And Tchibo Expand To Retail
Major international fast-moving consumer goods companies have decided to diversify in Romania over the last few years and enter a segment they had not been present until then - retail.
PM: Government Considers Special Taxes Unless Retailers Lower Shelf Prices After VAT Cut
The government can't freeze shelf prices following a VAT cut to 9% on food items but could introduce special measures, such as high taxes, unless retailers adjust their prices to the VAT cut...
GfK: Consumer Budgets Rise But Prioritization Remains Key
The general economic climate favors consumption but consumers will continue to prioritize their spending even though their expenses budgets are higher, according to a study by GfK.
Altex Hits EUR350M Sales Target One Year Earlier Than Expected
Altex, the leading local computer and electronics retailer, ended last year with about EUR350 million in revenue, returning to the 2008 figure in euros. If calculated in lei, the sales reach...
Top 10 Footwear Retailers Account For 64% Of The Market
The financial crisis and the arrival of many foreign companies changed the balance of power in the local footwear retail sector, with German-held Deichmann taking the top spot after the 2013...
Frisbo: Romanian E-Commerce Will Go Beyond EUR2B This Year, Double The 2014 Level
Romania’s e-commerce market will reach EUR2 billion this year, double the 2014 level, and will continue to grow in the next ten years as online sales now account for just 2.5% in the overall...
Profi Heading Towards EUR500M Revenue
Supermarket chain Profi held by Polish private equity firm Enterprise Investors will hire about 1,100 people this year, following expansion by as much as 100 stores in 2015 alone. Under the...
Nestle Taps Romanian Retail With Nespresso-Branded Store In Bucharest’s Calea Dorobanti
Swiss giant Nestle, a major player on Romania’s coffee and sweets market, is tapping the last segment it was not present on in Romania, retail, with a store it is set to open this summer in...