Retail&Consumer
Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods
The Romanian government adopted on Tuesday an emergency decree which reduces the value-added tax rate from 9% to 5% for organic, traditional, and mountain-area food products.
Zara Owner Inditex Makes Five Times Higher Pretax Profit in Romania Than in Germany
Spanish-held Inditex group, the owner of Zara, posted five times higher pre-tax profit in Romania than in Germany in 2018, despite the net average monthly wage ratio being the exact opposite...
Altex Opens Store in Braila, Plans to Open 5-6 Stores a Year
Retailer Altex Romania will be opening a 2,600 sqm store in Braila and plans to continue expansion at a rate of 5-6 new stores a year for the next two years, a company official said at the Z...
ZF Retail 2019: Romania Is a Retail Paradise. Consumers Like Shopping
Romania is a paradise for retail sector players, as local consumers have a greater appetite for shopping than Czech or Polish ones, for instance, despite earning half as much as the others d...
Deichmann Reports 10.6% Higher Turnover In Romania, Of RON458M, In 2018
German footwear retailer Deichmann reported a turnover of RON458.2 million (EUR98.5 million) in Romania, in 2018, up 10.6% compared to the year-earlier period, after the company had opened e...
L’Oreal To Open First Dedicated Store For Yves Saint-Laurent Brand In Romania, In 2019, CEO Says
L’Oreal will be opening the first dedicated store for the Yves Saint-Laurent brand in Romania, in 2019, amid strong consumption and a constantly growing cosmetics market from one year to ano...
REWE Romania Seeks to Double Network in 7 Years, Invest EUR500M Locally
REWE Romania, which operates discount store chain Penny Market, plans to double its number of stores locally in the next seven years and to invest EUR500 million in development, company gene...
Penny Market Opens New Store, Reaches 238 Units In Romania
German-held discount store chain Penny Market, held by Germany’s Rewe Group, has reached 238 stores in Romania, after opening a new unit in Scornicesti locality in the County of Olt.
Romanian Durable Goods Market Drops 2% in 1Q/2019
The Romanian durable goods market declined 2% on the year in the first quarter, to EUR700 million, a GfK TEMAX survey showed Wednesday.