Retail&Consumer
Unilever Completes EUR100M Transaction to Take Over Betty Ice
Unilever announced it has completed the acquisition of Romanian ice cream manufacturer Betty Ice, following the two companies' agreement signed in January. The company said it has received a...
Gramma Wines Taps Japanese Market, Targets EUR300,000 Turnover in 2018
Gramma Wines, a Romanian winery based in Iasi, enters the Japanese market through a partnership with local distributor Okurusky, the winery said in a statement Wednesday.
Can Pack Romania Completes EUR50M Investment to Raise Output Capacity
Can factory Can Pack Romania, the only facility on the local market manufacturing aluminum cans for beer and soda, has completed a EUR50 million investment to expand its production capacity...
Austrian Furniture Retailer XXXLutz Expands In Transylvania, By Opening 10,000-Sqm Store
Austrian furniture and home decor retailer XXXLutz, with global sales of EUR5.6 billion, plans to expand its activity in Romania’s central region of Transylvania where it will be opening a s...
Slovakia’s Cinemax To Open Multiplex Cinema In Bucharest’s Veranda Shopping Mall
A multiplex cinema operated by Cinemax, the largest multiplex cinema chain in Slovakia, will be opened within the Veranda shopping center in Bucharest, owned by Andrei Pogonaru.
Colliers: E-Commerce To Grow 8.8%/Year In CEE Until 2022; Online, Traditional Retail See Growth Opportunities In Romania, Bulgaria
The e-commerce is expected to grow 8.8% per year until 2020 in the six large markets in Central and Eastern Europe (CEE), from an initial value of EUR13.1 billion up to EUR20 billion, consid...
IKEA Puts Off Opening Of Second Store In Bucharest Until 2019
Swedish furniture and decoration retailer IKEA on Tuesday said it will be opening in 2019 its second store in capital Bucharest, in Theodor Pallady area. Initially, the new store was schedul...
Union: Price of Bread in Romania Could Grow by 20% by December
The price of bread could grow by 15-20% by December, due to lower wheat output this year, affected by severe weather in some areas of Romania, said Dragos Frumosu, head of Romania's food ind...
NEPI Rockcastle Opens EUR40M Shopping Center in N Romania in December
Works on Shopping City Satu Mare, an investment of over EUR40 million by commercial property investor and developer NEPI Rockcastle, are nearing completion and the mall in the northern Roman...