Retail&Consumer
Central Bank: Romanians Spent EUR2.6B On Vacations Abroad In 2020
Romanians spent nearly EUR2.6 billion on vacations abroad in 2020, which is half the amount spent in 2019, according to central bank data.
Alfredo Seafood Owners Enter Logistics Market
Alfredo Seafood owners, the local Darmanescu family, have entered the controlled temperature logistics market with Frigonet Logistics in 2020, with an initial investment of EUR0.5 million.
Fan Courier Turnover Grows 27% in 2020, Tops RON1B Mark
FAN Courier, the leading courier services company in Romania, said Monday its turnover grew 27% in 2020, topping the RON1 billion mark, as the ongoing pandemic boosted demand for delivery se...
iHunt Profit Grows Ten Times in 2020, to RON6M
Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) on Monday reported a net profit of RON6.15 million for 2020, nearly ten times higher compared with 2019...
Cora Launches Convenience Store Format in Romania
Retailer cora Romania, part of French-Belgian group Louis Delhaize, is launching its cora Urban convenience store format, tapping a retail segment that has seen increased activity amid pande...
Baneasa Shopping City Sets Out to Keep Mall Fully Rented
Baneasa Shopping City, the mall in northern Bucharest operated by Baneasa Developments, plans to stay fully rented in 2021 and has adjusted the way it calculates rents accordingly, by loweri...
Profi Tries Out New Store Format ProfiGo; Opens Two Units In Timisoara
Retailer Profi, held by investment fund Mid Europa Partners, opened Thursday in western city of Timisoara, the first two pilot stores called ProfiGo, which combine the functionalities of a p...
Korean Fashion Retailer Mumuso Opens Store in Bucharest's ParkLake Shopping Center
The Mumuso fashion brand, present in over 3,500 stores in 30 countries, is opening its fourth mono-brand store in Romania in the ParkLake shopping center in Bucharest, owned by Sonae Sierra,...
Bonami Sales in Romania Grow 60% in 2020, to EUR10M
Czech online home deco retailer Bonami had sales of EUR10 million in Romania in 2020, nearly 60% higher than in 2019, driven by higher demand as people spent more time at home due to pandemi...