Retail&Consumer
Over 100 Online Stores Offer Christmas Sales Promotions
Over 100 online stores have prepared sales promotions for the upcoming Christmas holidays, such as up to 65% price reductions, contests for trips abroad, two-hour delivery in Bucharest, 24-h...
Paval, Dedeman: We’re Already Past EUR1B Sales
Do-it-yourself retailer Dedeman Bacau, the largest entrepreneurial company in Romania, has overshot the one billion euro sales mark on the Romanian market.
2016 In Review: Ten Most Important Events In Grocery Retail
This year brought more changes than the last few years taken together. A half a billion euro deal, a change of CEO and the disappearance of a store chain are but some of 2016 events on the E...
Visa: Romanians To Spend Over EUR1.5M/Hour By Card Before Christmas
Romanians spend over EUR1.5 million per hour during the period before Christmas, using their cards mainly in clothes stores, gas stations and supermarkets.
Competition Council Fines Five Dairy Companies EUR1.9M For Bid Rigging
Romania’s Competition Council on Thursday said it fined five companies a total RON8,591,540 (nearly EUR1.9 million) for having colluded to rig bids at auctions organized in 2010 and 2011, in...
Kaufland Romania Cuts VAT To 19% As Of Dec 10, Three Weeks Earlier Than Official Deadline
Food retailer Kaufland Romania is implementing the law which lowers the standard VAT rate to 19% from 20% on certain categories of products, starting December 10, 2016, three weeks earlier t...
NEPI Invests EUR20M In Expansion Of Shopping City Sibiu In 2017
South-African investment fund New Europe Property Investments (NEPI) will invest EUR20 million next year in the modernization and expansion of retail center Shopping City Sibiu.
Romania’s E-commerce Rose Threefold In Last Five Years
Sales in Romania’s e-commerce rose to RON5.47 billion in 2015, from RON1.68 billion in 2011, on the backdrop of developing online commerce services ensured by over 5,300 companies, 2,600 mor...
Serban Roman, Enterprise Investors: We’ve Proven One Can Make Money In Romania
The sale by Enterprise Investors of the supermarket chain Profi to buyout investor Mid Europa Partners for EUR533 million was the most important deal in local retail and eighth biggest in Ro...