Retail&Consumer
NEPI Acquires Shopping City Sibiu From Argo Group In EUR100M Transaction
South-African investment fund New Europe Property Investments (NEPI) on Tuesday said it acquired retail park Shopping City Sibiu from Argo Group, in a transaction worth EUR100 million.
Carrefour Seeks More Than 500 People For Two Hypermarkets In Bucharest
French-held retailer Carrefour has started recruiting for the more than 500 jobs it will create when it opens the hypermarkets in the Veranda (Obor) and ParkLake (Titan) malls in Bucharest.
Passenger Traffic On Timisoara Airport Rose 9% In January-May 2016
The Traian Vuia international airport in Timisoara, western Romania, registered a 9% increase in traffic in January-May 2016, to 376,997 passengers, the company said Thursday.
Apparel Retailer Preturi Pentru Tine Enters Bulgarian Market
Apparel and footwear retail chain Preturi pentru tine (Prices for You) developed by Romanian entrepreneurs has expanded into Bulgaria this year, thus adding a third market to Romania and the...
S IMMO AG Starts Expansion Works At Sun Plaza Shopping Mall In Bucharest
Real estate developer S IMMO AG will start reconfiguration and expansion works at Sun Plaza shopping mall in Bucharest, which are scheduled to be completed in the first quarter of 2018.
Online Retailer FashionUP Reports Sales Of Over RON7M In 1Q/2016
FashionUP, one of the leading online clothing retailers in Romania, registered sales of over RON7 million in January-March 2016, which translates into a significant growth compared with 2015...
Visa Europe: Romanians’ Card Usage Behavior Changes Completely Abroad
Holders of cards issued by banks in Romania made card payments to merchants abroad in the amount of RON1.4 billion (EUR317 million) in January-March 2016, up 22% against the same period in 2...
Unirea Shopping Center Ends 2015 With RON6.5M Loss
Romania’s Unirea Shopping Center (SCDM.RO), which controls the stores in capital Bucharest and central city of Brasov, reported a loss of RON6.5 million (EUR1.4 million), its first negative...
LG: TV Sales To Reach More Than 1.2 Million Units This Year
Sales of TV sets will go up by about 26% to more than 1.2 million units in 2016, while the rise in value will be lower, of about 15%, because the average price will drop compared with 2015.