Retail&Consumer
Romanian Beer Market Stable in 2020, at 16.75 Million Hectoliters
Romania’s beer market remained stable in 2020, with a slight growth of 0.5% in volume compared with 2019, to 16.75 million hectoliters, the Romanian Brewers Association said Tuesday.
eMAG Implements Hybrid Work System, Invests EUR1.5M in Remodeling Head Office
Online retailer eMAG has decided to permanently adopt a hybrid working system combining remote and office work for its 3,000 employees in the head office, IT hubs and customer care centers.
Online Retailer evoMAG Seeks to Raise EUR2M to EUR5M Capital in 2021, CEO Says
Online retailer evoMAG, one of the main computer and electronics retailers in Romania, plans to raise EUR2 million to EUR5 million in capital this year to be able to fuel a faster paced grow...
DIY Retailer Dedeman Installs Solar Panels at 70% of Its Stores
Dedeman, the largest Romanian entrepreneurial business and the leader of the local DIY retail, has completed installation of solar panels at 38 of its 54 stores in the country.
Mall and Retail Park Developers Eye Counties Lacking Modern Retail Projects
Retail developers have set out to conquer the last “strongholds”, counties that lacked modern retail project, and last year delivered the first modern retail projects in four new counties –...
Vivre Deco to Sell Up to EUR7M of Bonds by Dutch Auction
Online furniture and home decor retailer Vivre Deco will be conducting a private placement of bonds early in April, and have the bonds listed on the Bucharest Stock Exchange a few weeks from...
Agroserv Mariuta To Raise Share Capital via Private Placement
Agroserv Mariuta, the dairy processor of Laptaria cu caimac, received shareholder approval mid-March to raise its share capital by RON43,100 by issuing 431,020 new shares to be sold via priv...
Penny CEO Daniel Gross Expects 2021 to Be More Difficult Than 2020
This year will be more difficult than the first year of the pandemic, whose impact will be stronger in 2021, believes Daniel Gross, the chief executive officer of German-held discount store...
Baneasa Shopping City Turnover Down 31%, Profit Halves in 2020
Baneasa Developments, which operates Baneasa Shopping City in northern Bucharest, reported a 31% drop in turnover and its profit halved in 2020, a tough year for retail as malls were closed...