Retail&Consumer
Mega Image To Open Seven Stores In April And May
Grocery retailer Mega Image will open seven new stores in Ilfov, Bacau, Timis, Cluj and Iasi Counties in April and May. The new stores will be both supermarkets and convenience stores.
Iulian Stanciu, eMAG CEO: We Should Gradually Replace Lockdown With Steps To Restart Economy
The authorities should gradually ease the lockdown a number of economy sectors are experiencing to allow the economy to restart and keep addressing the healthcare crisis as a priority.
Crosspoint: EUR750M Realty Investments In Optimistic Scenario; EUR500M In Pessimistic Scenario In Romania In 2020
Romania's real estate transactions market reached EUR608 million in 2019, down 41% on the year, and, in the context of the Covid19 pandemic, an optimistic scenario for 2020 indicates a total...
eMag Seeks To Hire 1,000 Warehouse, Delivery Workers In The Middle Of Coronavirus Crisis
eMAG, the largest online retailer in Romania, seeks to hire 1,000 people due to a surge in demand for e-commerce retailers during the coronavirus crisis, Iulian Stanciu, CEO and shareholder...
Zentiva Completes Acquisition of Alvogen's CEE Operations Including Romanian Labormed
Zentiva Group, owned by Advent International, announced Tuesday it has completed the acquisition of Alvogen's Central and Eastern European (CEE) business.
AFI Europe Postpones Brasov Mall Opening Due to Pandemic
AFI Europe Romania announced Monday it will reschedule the opening of its AFI Brasov shopping center for fall this year if the general social context allow it.
Antitrust Body Clears Caussade Semences Acquisition By Euralis
Romania’s Competition Council on Friday said it approved the transaction whereby agricultural raw material and farming seeds producer Euralis Semences Holding is acquiring French-held Caussa...
Austria's XXXLutz Temporarily Closes mömax Stores in Western Romania
Austrian furniture and home decor retailer XXXLutz, with annual sales of EUR4.65 billion, announced Thursday it was temporarily closing its mömax stores in Timisoara and Oradea due to the Co...
C&W: Shopping Mall Closures Affect Over 9,000 Stores; E-Commerce May Become The Big Winner On Long Term
Romanian authorities’ decision to temporarily close down shopping centers affects over 9,000 stores that were operating within shopping malls, as each day of closure generates losses as a re...