Retail&Consumer
Modern Retailers Opened 200 Stores In January-September
Modern retail has grown to almost 2,500 stores after retailers opened more than 200 stores in the first nine months of the year, spending over EUR100 million to EUR150 million, according to...
UAE's Al Dahra Plans to Invest $500M in Romania in Five Years
Al Dahra Agriculture LLC of the United Arab Emirates, which recently bought Romania's largest cereal producer Agricost Braila, plans to invest $500 million in Romania in the next five years.
Antitrust Body Looks into Fabryo Acquisition by Akzo Nobel
Romania's Competition Council said Wednesday it was analyzing the deal whereby Dutch group AkzoNobel takes over local paints manufacturer Fabryo.
Railway Operator Grampet Raises Stake in Polisano Pharmaceuticals to 74%
Grampet, the largest private railway and logistics operator in Romania, will take over the management of medicines producer Polisano Pharmaceuticals by raising its stake to 74% from 20%.
Online Retailer Elefant.Ro Aims To Break Even In 2019
Elefant Online SA, the company that runs elefant.ro, one of the largest local online stores, plans to break even at the end of next year.
Peeraj Group Buys 75% In Calif-Condimental, Steps Up Expansion
The largest holder of fashion franchises in Romania, Arab-held Peeraj group, has acquired 75% in Calif-Condimental restaurant chain and seeks to double the network to at least 16 restaurants...
Vola/Revolut: Romanians’ Vacation Budget Is Lowest In Europe, With EUR700M On Average
The number of Romanians going on vacation abroad is on the rise and their favourite destinations in 2018 have been Italy, Spain, UK, Greece and Germany, according to a joint survey by Vola.r...
Dutch Investors Begin EUR5M Investment To Give Magazinul Bucuresti New Lease On Life
The Magazinul Bucuresti store in Bucharest’s Old Town will be revived by next year’s fall, with demolition and reconstruction work having started on Monday. The investment in the project is...
Eurostat: Romania Ranks First In The EU By 257% Surge In Product And Service Prices In 2000-2017
Romania ranks first among European Union Member States regarding the prices of products and services which skyrocketed 257% between 2000 and 2017, being followed by Iceland (108.3%), Hungary...