Retail&Consumer
Bacau-Based Arena Mall To Be Extended, Modernized In EUR20M Investment
Bacau-based shopping center Arena Mall will undergo extension and modernization works, within an investment of nearly EUR20 million. The leasable area of the shopping mall will be increased...
Meli Melo Reaches 60 Stores On Four Markets, Bets On Franchising
Meli Melo store chain launched by a group of French entrepreneurs on the Romanian market 25 years ago has grown to 60 stores on four markets and will continue development through franchising...
Altex Romania Invests EUR37M In New Logistics Center
Retailer Altex Romania, held by Dan Ostahie, will invest over EUR37 million in developing a new logistics center in the vicinity of capital Bucharest, in Dragomiresti Vale township.
Poland’s Footwear Retailer CCC Leases Office Space Within Bucharest’s Globalworth Plaza
Poland’s footwear retailer CCC has signed an agreement with Globalworth, leader of the office building market in Central and Eastern Europe, to lease two floors within Bucharest’s Globalwort...
Auchan To Open Supermarket In Bucharest's Liberty Center
French retailer Auchan will be opening a supermarket within Liberty Center shopping mall in Bucharest’s district 5. The new store will cover over 3,600 square meter and will be located on th...
Romanian PM Announces 5% VAT For Accommodation, Restaurants And Theme Parks
Romanian Prime Minister Viorica Dancila announced on Thursday that the Government will set a 5% value added tax rate for accommodation, restaurant services and theme parks, ensuring that the...
DB Schenker Relocates to New Terminal in CTPark Bucharest West
DB Schenker, one of the largest operators of transport and logistical services, will relocate its activity by the end of the year to a new terminal of 21,000 sqm in CTPark Bucharest West (CT...
Orbis Group To Open Its First Hotel In Timisoara, Under Mercure Brand, In 2019
Poland's Orbis Hotel Group, a strategic partner of AccorHotels in Eastern Europe, will be opening in 2019 its first hotel in Timisoara (western Romania), under the Mercure brand, after signi...
Online Retailer Elefant.Ro Raises RON8M From Private Investors In 12 Days
Elefant Online SA, the third leading online retailer in 2017 by revenue, raised almost 8 million lei (EUR1.71 million) through a bond issue available only to fewer than 200 investors, accord...