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Retailer Kitchen Shop Grows to 18 Stores and EUR10M Sales
Kitchen equipment retailer Kitchen Shop, a Romanian concept launched by entrepreneur Laurentiu Ilie ten years ago, has grown to 18 stores and about EUR10 million sales.
TeraSteel Expects 15% Growth in Sales in 2019
TeraSteel, part of Romanian TeraPlast Group's steel division, targets a turnover growth of over 15% this year, due to investments in the industry, the launch of new products and growth in fo...
Flanco Sales Top RON1B in 2018, Profit Quadruples
Electronics retailer Flanco posted a turnover of RON1.07 billion in 2018, up 9% on the year, and a net profit of RON21 million, four times higher than in 2017.
Lidl Romania CEO: We Had a Phenomenal 2018
Discount store chain Lidl, one of the largest grocery retailers in Romania, saw almost 8 billion lei (EUR1.68 billion) sales last year, according to the ZF estimates based on the data suppli...
Tractor Maker IRUM Reghin Expects over 20% Rise in Sales in 2019
Sales of IRUM and Maviprod, which make agricultural and forestry equipment and sell spare parts, should go up 20% in 2019 over last year, says founder Mircea Eugen Oltean. The growth will be...
Samsung: Local Smartphone Market Up To 4.7M Units In 2018
The smartphone market in Romania reached 4.7 million units last year, 4% more than in 2017, as the market is maturing, and growth will no longer come from volume but from sales of premium mo...
Mihai Patrascu, evoMAG: We Ended 2018 with 15% Growth
Evolution Prest Systems, the company that runs the online store evoMAG.ro, a top ten computer and electronics retailer on Romania’s e-commerce market, posted 15% growth in revenue to EUR21 m...
H&M Becomes First Fashion Retailer with RON1B Sales
The sales of Swedish-held retailer H&M went up 12% to more than 1 billion lei (EUR220 million) last year over 2017, which makes it the first retailer to overshoot this mark. Data about Zara...
OMV Petrom 2018 Consolidated Sales Up 16% To RON22.5B, Net Profit Up 64% To Over RON4B
Romania's oil and gas company OMV Petrom (SNP.RO) on Wednesday said its consolidated sales for 2018 amounted to RON22.523 billion, up 16% compared to 2017, driven by higher commodity prices...