Retail&Consumer
Poor Financial Results Keep GTC From Selling Galleria Buzau And Galleria Piatra Neamt Malls
Israeli-owned real estate developer Globe Trade Center (GTC), which developed a network of four shopping centers in Romania under the Galleria brand, said it cannot sell the Galleria Buzau a...
Altex Wants To Hit The EUR300M Mark Again In 2015
Dan Ostahie, owner of Altex group and one of the most powerful Romanian entrepreneurs, says the electro-IT retailer he started over two decades ago will, in 2015, post again EUR300 million i...
Spirits Producer Zarea Wants To Take Out EUR8M Loan
Spirits producer Zarea Bucuresti (ZARE.RO) wants to borrow EUR8 million from BRD and/or Banca Transilvania or other commercial banks.
Sarantis Sales In Romania Up 4.35% To EUR36M In 2013
Greek group Sarantis, owner of cosmetics producer Elmiplant, said Thursday it registered sales of EUR35.86 million in Romania in 2013, up 4.35% from EUR34.37 million in 2012.
Immofinanz Rental Income In Romania Inches Up To EUR36.2M In First 9 Months Of 2013/2014 FY
Austrian property investor Immofinanz Thursday said its rental revenues in Romania rose slightly to EUR36.2 million in the first nine months (May 1, 2013 -January 31, 2014) of the 2013/2014...
Consumption Set To Rise In 2014, But Politics Will Dictate Growth Pace
Consumption inched up by 0.4% in 2013, propped by December figures, as Romanians reopened pockets to buy home appliances, furniture and clothes. In January, though, retail sales advanced by...
Greek Malideros Family Wants EUR3M From Osho, Its New Bet
Georgios Malideros moved to Romania a year ago to manage his family’s real estate businesses, together with his father, and meanwhile bought from Romanian entrepreneur Florin Radulescu the t...
In Romania, Plants Grow Out Of Sync With The “Prestige” Of Cities
The 140-year old Grivita brewery of Bucharest will become a real estate project, a former sweets plant in Brasov was acquired by Germany’s retailer Lidl and is to be turned into a store and...
Mega Image Opens Two New Shop&Go Stores, Reaches 302-Unit Network
Mega Image, part of Belgian retail group Delhaize, opened a Shop&Go store in Bucharest, Wednesday, and plans to open a similar store in Voluntari (Ilfov county) Friday, bringing its Romanian...