Retail&Consumer
Arctic Sales Grow in Almost All European Markets Despite Pandemic
Home appliances manufacturer Arctic, owned by Turkey's Arcelik, which has two plants in Romania, said its sales grew in almost all European markets despite the pandemic.
TeraPlast Reappoints Alexandru Stanea as CEO for Four Years
TeraPlast Group, the largest Romanian producer of construction materials, said Friday it has reappointed its CEO Alexandru Stanean for a period of four years starting July 2, 2020.
Tinmar Energy Acquires 95% of Intercereal
Electricity trader Tinmar Energy, the biggest entrepreneurial business in the local energy sector, part of Augustin Oancea's Tinmar Group, has acquired 95% of Intercereal, cereal producer ba...
Altex Reopens Store in Miercurea Ciuc in New Location
Electronics retailer Altex said Thursday it was reopening its store in Miercurea Ciuc in a new location in the region's first retail park – Nest, after doubling the store area to 1,000 squar...
McDonald’s Franchise Owner Appoints New CEOs in Romania, Malta
Premier Capital plc, which owns the McDonald’s franchise on six European markets, including Romania, announced it will be appointing Paul Dragan as head of operations in Romania, where the c...
Farmec Opens Gerovital-Branded Store In Targu Mures
Farmec SA Cluj-Napoca, the largest Romanian-held cosmetics manufacturer, is opening a new store under the Gerovital brand, in Targu Mures, on Wednesday, reaching a total 29 units in Romania.
eMAG Opens Its First Showroom Outside Romania, In Hungary
eMag Group has opened its first showroom outside Romania, in Budapest (Hungary), and eyes three similar projects until the end of 2020, in Hungary, targeting sales of EUR300 million on this...
Dedeman Posts 15% Turnover Growth in 2019, to RON8.3B
Dedeman, the largest Romanian entrepreneurial business and biggest local DIY chain, posted a turnover of RON8.3 billion in 2019, up 15% on the year, finance ministry data showed.
Ivatherm Posts 46% Higher Sales In Jan-May 2020; Expects 50% Sales Growth, To RON20M, End-2020
Romanian dermo-cosmetics manufacturer Ivatherm reported a 46% increase in sales in January-May 2020, and expects a 50% growth in sales end-2020.