Retail&Consumer
Romania Perceived As Producer Of “Cheap” Wine
Romania’s wine industry has managed to stand out from the other sectors of the economy by having entirely drawn the allotted European funds. Romania is Europe’s sixth largest wine maker and...
Argus Nearly Doubles Turnover In 1Q, Considerably Lowers Loss
Romanian vegetable oil producer Argus Constanța (UARG.RO) posted a turnover of RON27.2 million in the first quarter, nearly double compared to the first quarter of 2013, when the company onl...
Auchan Romania Has New GM Starting May 7
Auchan Romania announced Tuesday that it has appointed Frédéric Bellon as general manager, starting May 7.
Antitrust Authority Estimates To Apply Fines Of EUR20M This Year, Same As In 2013
Romania’s antitrust authority will open around 20 new investigations this year and estimates it will apply fines totaling some EUR20 million, roughly the same as last, Competition Council pr...
Lidl Sets Eyes On Former Bragadiru Brewery For Expansion
Germany’s Lidl, which owns in Romania a network of over 170 stores with annual sales of around EUR700 million, plans to expand to Bragadiru, near capital city Bucharest, on a land plot of th...
Avicola Brasov’s 1Q Sales Up 8% On Year To RON32.7M
Romanian poultry processor Avicola Brasov (AVLE.RO) Monday said its sales rose 8% to 32.7 million (EUR7.3 million) in the first quarter of 2014, from RON30.4 million in the same interval a y...
Unirea Shopping Center Seeks Bank Loan Of Up To EUR70M For Investments
Romania’s Unirea Shopping Center (SCDM.RO) wants to take out a bank loan of up to EUR70 million for investments planned on the two shopping centers it holds in Bucharest and Brasov.
INS: Romania Retail Sales Extend Growth In March
Romanian adjusted retail sales rose 2.3% in March from the earlier month, on higher sales in all sectors, the statistics institute INS said Monday.
Peek&Cloppenburg's Three Romanian Stores Generated EUR28M Revenue In 2013
Germany’s retailer Peek&Cloppenburg, present in Romania with three stores, ended 2013 with revenue of 125 million lei (EUR28 million), up 21% from 2012.