Retail&Consumer
Antitrust Watchdog Wants No Restrictive Clauses In Contracts Between Brewers And HoReCa Units
Romania’s Competition Council suggests amending the contracts concluded between brewers and the HoReCa (Hotels, Restaurants, Catering) sector in a move to eliminate clauses which restrict co...
Kaufland Demolishes Grivita Brewery To Develop Real Estate Project
Kaufland, the biggest player in Romania’s food retail, and businessman Ionut Dumitrescu, the founder of Eurisko consultancy (the current CBRE Romania), have started pulling down the former G...
H&M In Romania, EUR5.4M Profit In 2013
Each employee of H&M Romania brought the company net income of EUR10,250 in 2013, up 13.5% from 2012, but almost 40% lower than the average contribution of an international employee to the S...
Agriculture Ministry To Draw EUR2.9B EU Funds In 2014
Romanian Agriculture Minister Daniel Constantin stated Monday that the ministry will draw EU funds worth EUR2.9 billion in 2014, adding that agriculture flourished and has great potential in...
Electroarges Approves Takeover Bid For Remaining Stake In Amplo Ploiesti
The shareholders of Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) have approved a decision to launch a bid to take over the stake it does not own yet in measuri...
Carrefour Opens Express Store In Giurgiu
Retailer Carrefour Romania opened three Express proximity franchised stores in the southern city of Giurgiu, besides its express units in Brasov, Bucharest-Ilfov, and Galati, the company ann...
Oncos Group Goes Insolvent
Cluj-based poultry and bread producer Oncos group, with a 44-unit network, decided to enter insolvency, after having submitted a request in this respect to Cluj Court.
Danish Furniture Retailer JYSK Opens Store In Colosseum Retail Park; Shopping Center To Be Expanded
UK-held Nova Imobiliare is considering expanding the Colosseum retail park in Chitila, near Bucharest, by 15,000 square meters, after Danish furniture retailer JYSK rented a 1,200 sqm space...
Former Pic Store In Pitesti Sold To Romanian Investors
The former Pic hypermarket in Pitesti has been sold to Romanian investors, liquidator PricewaterhouseCoopers Business Recovery Services announced Monday.