Retail&Consumer
Morandi Turnover Up 19% To EUR10M In 2015
Morandi group reported a turnover of over EUR10 million (RON46 million) in 2015, up by approximately 19% compared with the previous year, according to Finance Ministry data.
Praktiker Reopens Store In Vitan After EUR400,000 Remodeling
Do-it-yourself retailer Praktiker Romania has re-opened the store Praktiker Vitan in capital Bucharest, after investing EUR400,000 in its remodeling.
Praktiker: Store Chains Are Configured Around Romania As It Was Ten Years Ago
Do-it-yourself retailer Praktiker Romania owner Omer Susli says the wave of Romanians that left in search of work abroad has made a severe impact on retail, leaving some cities without retai...
NPL Ratio In Romanian Banking System May Soon Fall Below 10%
Non-performing loans (NPLs) totaled EUR1 trillion in the eurozone, or 9,2% of the gross domestic product, while in Romania, NPLs totaled EUR10 billion, or 6,7% of the GDP, in 2014.
Flanco: We Took Over More Than 20 Domo Locations, We’ll Continue Expansion
Romania’s second largest computer and electronics retailer by revenue, Flanco, has opened 15 stores since the beginning of the year and will continue to expand.
DONA Pharmacies Launch Franchising Program
DONA group on Wednesday presented a new franchising program, which has already attracted four drugstores, and the number of partners is expected to rise to 20 until the end of 2016.
Dr. Oetker Posted 6% Higher Turnover, Of EUR66M, In Romania In 2015
Food additive producer Dr. Oetker, which has a factory in Arges county, had a net profit of RON18.6 million (EUR4 million) in 2015, down 19% on the year, according to data published on Finan...
Rus Savitar Targets 20% Rise In Consolidated Turnover, To Over EUR51M, In 2016
Furniture manufacturer Rus Savitar – Casa Rusu targets a consolidated turnover of EUR51 million in 2016, up 20% from EUR43.7 million a year ago, on the backdrop of extending its store chain.
Competition Council Clears Takeover Of Albalact By Lactalis Group
Romania’s Competition Council on Wednesday approved the takeover of Romanian dairy manufacturer Albalact (ALBZ.RO) by French group Lactalis.