Retail&Consumer
Kaufland Set to Develop Office Building in Barbu Vacarescu Area
German-held retailer Kaufland has applied for a zoning permit from the Bucharest City Hall for a plot of land behind its store on Barbu Vacarescu Street, where it plans to develop an office...
Unilever Set To Acquire Frufru, A Romanian Business Founded By Mihai Simiuc
The Anglo-Dutch giant Unilever plans to acquire 75% of the shares of Romanian entrepreneurial business Good People, which sells food under the Frufru brand, founded 13 years ago by Mihai Sim...
Romania Retail Sales Slow to 3.7% YoY in May
Romanian adjusted retail sales rose 3.7% year-on-year in May, after 6.5% annual growth in April, data from the country’s statistics institute showed Thursday.
Eurostat: Romanians Spend The Most On Food, Europeans On Utilities
Unlike most European countries, where utilities expenses hold the biggest share of a household budget, in Romania, Estonia and Lithuania, a household budget is mostly devoted to food, data f...
Gregory’s Opens Two New Units in Bucharest, Signs Franchise Agreements for Five Others
Gregory’s, the largest coffee & Greek deli chain in Greece, continues expansion in Romania by opening two new franchised units in Bucharest and signing agreements for five more.
Carturesti Chain to Open Bookstore in Republic Of Moldova
Bookstore chain Carturesti is expanding operations to the Republic of Moldova, where it will open its first store in Chisinau, the company said.
Policolor Invests EUR7M in New Factory in Western Bucharest
Paint and coatings manufacturer Policolor-Orgachim, owned by investment fund Reconstruction Capital 2 (RC2), has completed the construction of a new paint and coatings factory in western Buc...
KeysFin: IT Industry, 1st In Ranking Of Most Profitable Investments For U.S. Firms, With Over EUR25M Net Profit In 2017
The IT industry holds the top spot in a ranking of the most profitable investments for U.S. companies present in Romania. The net profit reported by these firms exceeded EUR25.8 million in 2...
Ikea Opens Third Pick-Up Point For Collection Of Items Ordered Online; Readies Showroom
Swedish furniture and home décor retailer IKEA has opened a collection point in Constanta (south-eastern Romania), within TOM shopping center, where customers can pick up the products ordere...