Retail&Consumer
Over 30% Of Malls In Romania Need Upgrades Totaling EUR200M
More than one third of shopping malls in Romania needs upgrade works that would cost more than EUR200 million, according to real estate consultancy firm Immpuls.
Susli Buys 76% In Praktiker Via Company With No Operations And Employees
Businessman Omer Susli, who reached an agreement at the end February to buy the Romanian operations of the Praktiker group after the bankruptcy of the German-held do-it-yourself retailer, wi...
Kaufland Doubled Revenue And Hired 5,000 People During The Crisis
German retailer Kaufland, which in 2011 became the leader of Romanian modern retail, almost doubled its revenue during the crisis, when it opened 44 stores and hired over 5,000 people.
Cinema City Opens Second Multiplex In Ploiesti And Eyes Targu Jiu
Cinema City, the largest cinema operator in Central and Eastern Europe, has reached a network of 16 multiplex centers in Romania after it opened the second cinema of the company in Ploiesti,...
Vinarte's Creditors OK Sale Of Assets, Wine Stocks, Brands To China’s Red Gate
Creditors of insolvent Romanian wine producer Vinarte approved Friday the sale of the assets, wine stocks and brands to China-based Red Gate, for EUR3.6 million, judicial liquidator RVA Inso...
Prodlacta Wants To Raise Share Capital By RON16M, Expects Revenue To Double This Year
Brasov-based dairy producer Prodlacta wants to raise its share capital by around RON16 million, issuing shares at a face value of RON1.36, and estimates to double its revenue and cut its los...
eMAG Bets On 40% Higher Revenue In 2014, At EUR262M
Romania’s largest online computer and electronics retailer eMAG targets at least 40% higher revenue this year, at EUR262 million, said Iulian Stanciu, the company’s general manager.
Whirlpool: The Internet Is The Future For Home Appliances
The electrical home appliances market registered growth of below 10% in the first months of this year, driven by sales of low-penetration items such as built-in products and dishwashers.
Zaharul Ludus Changes Name To Tereos Romania
Romanian sugar refinery Zaharul Ludus, owned by French leading sugar producer Tereos, will change its name to Tereos Romania and plans to borrow up to EUR10 million, the company said.