Retail&Consumer
Eurostat: Romania, Bulgaria, Poland Have Lowest Price Levels For Consumer Goods
Romania, Bulgaria and Poland have the lowest price levels for consumer goods, half the European average, while Denmark, Ireland and Luxembourg have the highest price levels, way above the EU...
Glovo Buys Delivery Hero Operations in 6 Countries; Romanian Deal Pending Antitrust Clearance
Spanish on-demand delivery platform Glovo has acquired Delivery Hero’s operations in six European countries for EUR170 million, in a multi-jurisdictional assisted by law firm Wolf Theiss.
Damila Gets RON20M Loan from ING for Working Capital and Investments
ING Bank Romania has granted a RON20 million loan to construction materials producer and retailer Damila in Valcea, owned by entrepreneur Remus Daniel Nitu, for working capital and investmen...
Depanero Speeds Up Digitization with Aurachain Low-Code Platform
Depanero, the main service and repair firm for electronics and appliances in Romania, part of eMAG group, is accelerating its digitization process using the low-code platform developed by Au...
Fashion Group Inditex Sales Shrink in 2020
Spanish-held Inditex group, the owner of Zara and other fashion brands, saw its sales shrink by 27% to RON1.3 billion last year. The group lost the top position on the fashion retail market...
EasySales Integrates Vivre Platform Access for Merchants
Local startup easySales, which set up a B2B platform for automating and centralizing e-commerce activities, announced it has integrated merchant access to online furniture and home décor ret...
Local Food Delivery Startup LifeBox Expands to Hungary
Romanian startup LifeBox, founded by Radu Balaceanu, Florin Scarlat, and Lukasz Kuzniar, is expanding outside Romania and enters the healthy food delivery in Hungary under the brand FrissBox...
Pork Prices Seen Rising 25% in 2021 as Swine Fever Boosts Imports
Pork producers expect prices will grow 25% this year compared with 2020 as African swine fever dwindles local production boosting imports, and the cost of animal feed recorded double-digit g...
Romanian Hospitality Industry Turnover Drops 35% in 2020, Losses Triple
The turnover of the hospitality industry in Romania dropped 35% in 2020, to RON17.9 billion, due t pandemic restrictions, while the total losses of all companies in the industry tripled to R...