Retail&Consumer
Philips CEO: Romania Is A Good Production Destination
The Romanian market has growth potential and the state healthcare system is obsolete, as is the public lighting one, said Frans van Houten, the chief executive officer of Dutch giant Philips...
Auchan Opens Rebranded Real Hypermarket In Craiova
Auchan Romania rebranded its real hypermarket in Craiova town, which will be opened Thursday, being the 14th remodeled unit of the 20 bought from German group METRO.
AFI Europe Posts EUR28.7M Income From AFI Palace Cotroceni In 2013
Real estate developer AFI Europe Wednesday reported net operating income of EUR28.7 million in 2013 from AFI Palace Cotroceni mall in Bucharest, up 6.5% on the year, while tenants’ sales ros...
Carrefour Romania Opens Second Supermarket In Ramnicu Valcea
Retailer Carrefour Romania will open Thursday its second supermarket in Ramnicu Valcea city, thus reaching a 79 supermarkets network countywide.
Herbalife Romania Turnover Up 10% In 2013
Global nutrition and weight management company Herbalife reported a turnover 10% higher in 2013 compared to 2012, when the direct sales company had sales of RON53.6 million (EUR12 million),...
CrisTim Owner Radu Timis Banks On 10% Sales Growth In 2014
CrisTim group, a top ten cold cuts processor in Romania, controlled by businessman Radu Timis, budgeted a 10% sales increase to EUR70 million this year.
Former Site Of Heineken Brewery To Host Offices And A Hypermarket
Heineken Romania sold the former Grivita brewery in downtown Bucharest, at the end of 2013, to a group of real estate investors, among whom Ionut Dumitrescu, the founder of real estate consu...
CBRE: Romania Targeted By 6% Of International Retailers For Expansion In 2014
Romania ranks 35th among the 55 most attractive global retail markets for expansion this year, on the same position with Ukraine and South Korea, according to real estate consulting firm CBR...
Fiscal Instability Drove Cigarette Smuggling Up To 16% In January, Highest Level In Two And Half Years
The cigarette black market in Romania rose to nearly 16% in January, the highest level in two and a half years, according to Novel Research, mainly due to fiscal instability and the reorgani...