Retail&Consumer
H&M Revenue Close to RON1B in Romania in 2018
Swedish-held fashion retailer H& posted 915 million lei (EUR193 million) revenue last year, 10% higher than in 2017 and almost double the 2014 level. The retailer’s business has been on the...
Penny Market: Over 70% of Products on Shelves Sourced from Romanian Suppliers
Discount store chain Penny Market, which has about 240 stores in Romania, works with over 450 suppliers in the country to secure more than 70% of the products on shelves.
Banca Transilvania, Victoriabank Grant First Cross-Border Syndicated Loan
Romanian lender Banca Transilvania and Victoriabank granted their first Romania-Moldova cross-border syndicated loan, of EUR21 million, to shopping center Shopping MallDova, developed by Lem...
Romania Sees Second Highest Increase In Retail Sales Volume In The EU In March 2019
Romania saw a 9.3% increase in retail sales volume in March 2019, compared with the same period in 2018, placing it second in the European Union, the EU’s statistical office Eurostat said Mo...
Intersport Considering Smaller Cities like Targu Jiu and Targu Mures for New Stores
Sporting goods retailer Intersport, which has 31 stores in Romania, plans to open stores in smaller cities such as Targu Jiu and Targu Mures, Valentin Cristescu, head of marketing of Intersp...
Retailer elefant.ro Aims To Break Even As Soon As Possible; Eyes Profit In 2021
Elefant Online SA, the company that runs elefant.ro, one of the largest local online stores, wants to break even (total cost and total revenue are equal) as soon as possible and switch to pr...
Romanian Agriculture Sector Accounted for 4.3% of GDP Growth in 2018
The Romanian agricultural sector contributed 4.3% of the country's economic growth in 2018, compared with 4.4% in 2017, according to a study by Euler Hermes.
Retailer C&A Resumes Expansion
The C&A group, one of the top five fashion retailers in Romania is resuming fast-paced expansion after having chosen to strengthen its local business in 2017 and 2018. It plans to open at le...
Jewelry Retailer Teilor to Open Ten More Stores in Rest of 2019
Jewelry store chain Teilor, held by entrepreneur Florin Enache, already has 41 stores in the most important cities of the country and expansion continues in Romania and abroad. The store ope...