Retail&Consumer
Eurostat: Romania February Retail Sales Rise At 3rd Fastest Pace In EU
Romanian retail sales rose 8.7% in February from the year-earlier month, the third largest increase in the European Union, official data showed Thursday.
Kingfisher Launches EUR275M Takeover Bid For Mr Bricolage
Europe’s leading home improvement retailer Kingfisher Thursday announced it launched a EUR275 million takeover bid for French home improvement retailer Mr Bricolage, adding that the process...
Romania's Retail Sales Go Up, But Tax Revenues Go Down
Retail sales rose 9% on the year in February, reaching a two-year high, but tax collections to the state budget did not increase as a result.
Anchor To Soon Start Remodeling Of Its Bucharest Shopping Malls
Real estate developer Anchor Grup, which owns the first two malls built in Bucharest, Bucuresti Mall and Plaza Romania, will begin remodeling of the latter in about a month.
Auchan Opens Rebranded Real Hypermarket In Bacau
Auchan Romania rebranded its real hypermarket in Bacau city, which will be opened Thursday, being the 17th remodeled unit of the 20 bought from German group METRO.
Cargill Appoints Vasile Varvaroi General Manager For Romania
U.S. food industry group Cargill is appointing Vasile Varvaroi general manager for Romania starting June 1.
Carrefour Is The First Tenant Of Future Shopping Center In Bucharest Obor Area
Businessman Florin Pogonaru has signed an agreement with Carrefour for a space of around 10,000 square meters within the shopping center he plans to build through Prodplast Imobiliare, which...
Bucharest Among World’s Cities With Over 100,000 Sqm Of Retail Space Under Construction
Bucharest, Kiev and Sofia are the only capital cities in Central and Eastern Europe (CEE) where real estate developers are building shopping centers totaling over 100,000 square meters, acco...
Coface: Most of Food Distributors With Increasing Turnover Face Liquidity Issues
The development of distributors of food and agricultural products between 2011 and 2012 was not qualitative in terms of income, and 80% of the distributors that reported increasing turnover...