Retail&Consumer
Altex’s NBFI Credex Gets Payment Institution License
Credex IFN, a non-banking financial institution (NBFI) of the Altex Group, the leading computer and electronics retailer in Romania, has secured a license to operate as a payment institution...
Pretzel Shop Chain Luca Operator Tinervis Group Sees Sales Up 75% In 2022
Tinervis Group, the company that operates the Luca chain of pretzel shops, held by entrepreneurs George Adragai and Mircea Cosmin Postole, posted almost RON368 million (EUR74.6 million) sale...
Cocor Posts 11% Decline In Profit In H1
Cocor (COCR.RO), the company that manages the shopping center by the same name in downtown Bucharest, posted RON993,546 net profit in the first half of 2023, down 11.1% on the year-ago perio...
MAM Bricolaj Posts 3% Decline In Sales To RON26.9M In H1
DIY retailer MAM Bricolaj (MAM.RO), which sells furniture materials and accessories, ended the first half of 2023 with RON200,409 net profit, a 60% decline compared with the first half of 20...
Fast-Food Chain Fryday To Grow To 8 Restaurants By End Of 2023
Romanian-held fast-food chain Fryday will grow to eight restaurants by the end of November, in only four years after opening. Its founder, Suceava entrepreneur Lucian Florea expects EUR5 mil...
Grocery Retailer Annabella Set To Invest EUR5M In Second Retail Park In Ramnicu Valcea
The Mutu family of local entrepreneurs, which owns grocery retailer Annabella and canned food producer Raureni, will be investing EUR5 million in the Group's second retail park to be located...
Mokka Romania CEO: BNPL Payment Solution Becomes A Must For Luxury Product Retailers
The global luxury goods market is undergoing a radical change as it is forced to adapt to the consumer behavior of Generation Z (people born between 1995 and 2010) and Millennials (people bo...
Noriel Opens New Store, In Botosani Shopping Center; Reaches 91 Units In Romania
Noriel, the main player on the Romanian toy and game retail market, held by Turkish Sunman Group, is opening a store in Botosani Shopping Center, reaching two units in Botosani and 91 units...
5 To Go Opens Coffee Shop In HILS Pallady Bucharest
Local café network 5 to go opened a shop in the HILS Pallady residential complex in the east side of Bucharest early in August.