Retail&Consumer
Online Sales Account For 66% Of Photo Retailer F64’s Total Sales
Online sales of photo and video retailer F64, the largest player on the local photo-video equipment retail market, account for 66% of total sales.
Study: Cigarette Contraband Decreased Between July And September
The cigarette black market in Romania accounted for a lesser share of total consumption in September, dropping to 15.3%, a 2.9% decrease from the value registered in July, according to a Nov...
Saint-Gobain Reopens Isover Glass Wool factory in Ploiesti after EUR5M Upgrade
Saint-Gobain has reopened the Isover glass wool insulation factory in Ploiesti, southern Romania, after two years of suspended activity and a EUR5 million investment in production line upgra...
Kaufland Romania CEO Marco Hössl Takes Reins Of Czech Republic Operations, Too
Marco Hössl, the CEO of Kaufland Romania and the Republic of Moldova has also taken the reins of the operations in the Czech Republic of the German group, market sources say. He is therefore...
Veranda Mall Owner Gets EUR34M from CEC Bank for Expansion
Andrei Pogonaru, owner of the Veranda shopping center in Bucharest, has signed two loan agreements with CEC Bank for a total of EUR34 million to expand and update the mall.
Otter Distribution Expects 5% To 10% Annual Growth Over Next Three Years
Otter Distribution, which has footwear retail and wholesale operations, owns 66 stores under several brands in Romania and four abroad, two in Vienna, Austria and two Prague and Brno in the...
Policolor Invests EUR5.4M in New Production Facility
Paint and coatings manufacturer Policolor will invest EUR5.4 million in a new production facility in Bucharest that will raise its production capacity by 130%.
McDonald’s Reaches 73 Restaurants in Romania After RON2.6M Investment In New Unit In Timisoara
Fast-food restaurant chain McDonald’s Romania, the biggest player on the local restaurant market, held by Malta’s Premier Capital, has opened its fourth restaurant in western city of Timisoa...
IKEA Sales In Romania Up 10.6%, To RON609M, In 2018 Financial Year
Swedish furniture and decoration retailer Ikea on Thursday reported 10.6% higher sales in Romania, to RON609.34 million, VAT not included, in 2018 financial year (September 1, 2017-August 31...