Retail&Consumer
Courtyard Hotel in Bucharest Targets 65% Occupancy in 2020
The Courtyard Bucharest Floreasca hotel, developed by Lithuanian Apex Alliance Group and opened in October 2019, targets an occupancy rate of 65% this year after 40% average occupancy in the...
IHG Affiliates Times Hotel in Bucharest under Holiday Inn Brand
IHG (InterContinental Hotels Group) will bring back its Holiday Inn brand to Romania by incorporating the former Golden Tulip Times hotel in Bucharest.
Haier Romanian Factory Investment 50% Backed by State Aid
Around half the EUR53 million investment in the refrigerator factory Chinese giant Haier plans to built in Prahova county, Romania, will be covered from state aid that the Romanian governmen...
Haier Invests EUR50M in Refrigerator Production Unit in Romania
Chinese giant Haier, one of the world's largest white goods manufacturers, will be investing EUR50 million in a production unit in Prahova county, Romania.
Cocktail Holidays Sales Grow 40% in 2019, to EUR25M
Travel agency Cocktail Holidays, owned by the Goicea family, had sales of EUR25 million in 2019, up 40% on the year, and expects 45% growth in 2020.
JYSK Opens Two Stores, In Bucharest And Timisoara; Reaches 84 Units In Romania
Scandinavian furniture and home décor retailer JYSK Romania will be opening two new stores, on February 20, in the capital city of Bucharest and western city of Timisoara, reaching 84 units...
Cluj-Based Ducfarm Pharmacy Chain Sales Up To RON220M In 2019
Ducfarm, a medium-sized local retail chain with 22 pharmacies in three counties, posted 220 million lei (EUR46 million) sales in 2019, 12% higher than in 2018.
Cosmetics Market Close To RON5B In 2019
Romania’s cosmetics and personal care products market came close to 5 billion lei (more than EUR1 billion) last year, having grown by about 9% over 2018, ZF has found from the data supplied...
Grocery Retail To Reach EUR25B In 2024
Grocery retail will reach almost EUR25 billion in 2024, but the growth pace of the market is expected to slow down as of this year.