Retail&Consumer
Razvan Diratian, Avon: Romania’s Cosmetics Market Reaches Some EUR1.2-1.3B
Romania’s cosmetic products market reached nearly EUR1.2-1.3 billion, according to Razvan Diratian, the Romanian executive running the Avon business, a company with a 10% share in total sale...
Association: Pork Prices In Romania To Rise 15-30% Starting April
Pork prices in Romania will rise, on average, by 15-30%, starting April, mainly due to an increase in pork exports to Asian countries, mainly to China, Japan and Hong Kong, in 2016, the Roma...
Agricover’s Agribusiness Division Posts Gross Profit Of RON12.2M In 2016
The agribusiness division of Agricover Holding reported a turnover of RON1.14 billion in 2016, down 4% on the year and a gross profit of RON12.2 million, versus RON12 million loss a year bef...
Penny Market Revenue Up To EUR675M In 2016
Discount store chain Penny Market, part of Germany’s Rewe Group, ended last year with a 12.5% increase in revenue to almost EUR675 million, ZF has calculated based on Rewe’s latest report.
Belladonna Pharmacy Chain: Securing Drug Supplies More And More Difficult
Belladonna retail pharmacy chain held by Romanian entrepreneurs Florin and Alina-Nicoleta Gheorghita opened three new pharmacies in Bucharest in March for a total of 97 and is considering op...
Tourism Minister Aims To Cut VAT To 9% For Travel Agencies
Tourism Minister Mircea Titus Dobre said, at an event organized by the National Association of Tour Operators (ANAT), that he wants to cut the value added tax to 9% for travel agencies.
Agriculture Minister: EC Started To Understand Romania’s Position Towards Law On Sale Of 51% Local Products In Hypermarkets
Agriculture Minister Petre Daea said that the European Commission started to understand Romania’s position towards the law on the sale of 51% Romanian products in hypermarkets, adding that,...
Penny Market Invests EUR19M In Third Logistic Center In Romania
Discount retailer Penny Market, controlled by German group Rewe, opened its third logistic center in Bacau county, eastern Romania, following investments of over EUR19 million.
Sapunaru, Agrointeligenta: Romanians Should Buy Products Made In Romania To Support Local Economy
Romanians should buy products made in Romania to support the local economy, Nini Sapunaru, head of Agrointeligenta association, told a MEDIAFAX conference about Romanian producers in food in...