Retail&Consumer
AFI Cotroceni Retailers' Sales Exceed EUR200M In 2013
The sales of retailers hosted by AFI Cotroceni shopping mall rose last year at the same pace as the retail market, namely between 5% and 6%, Israel Vizel, manager mall division AFI Europe, t...
Praktiker Romania Owner Names Former Acquisitions Manager As Managing Director
Turkish businessman Omer Susli, the new owner of do-it-yourself retail chain Praktiker Romania, named Cansu Derintuna, a company’s former acquisitions manager, as managing director, sources...
Electroarges To Buy Remaining Stake In Amplo Ploiesti
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) plans to launch a bid to take over the stake it does not own yet in measuring and automation equipment producer Am...
Kandia Takes Over Leading Position From Mondelez On Romania's Chocolate Market
Kex Confectionery, owner of Kandia and Heidi brands, leads in 2013’s ranking of chocolate market companies, but in the ranking of brands the top two positions are filled by Poiana and Milka,...
Profi Opens 2 New Stores, Extends Romanian Network To 212 Units
Discount retailer Profi will reach a 212-units network after opening two new stores in Botosani and Giurgiu counties by Friday, the company announced.
Telecom Operators To Apply New Termination Rates As Of April 1
Telecom operators in Romania will apply, as of April 1, termination rates reduced from EUR0.307/minute to EUR0.096/minute for mobile calls and from EUR0.067/minute to EUR0.014/minute for lan...
Former Primola Owners Buy Assets Of Braila Dairy Plant
Supreme Concept Construct, one of the companies held by brothers Jihad (foto) and Johhny Jabra, former owners of the Primola chocolate brand, bought assets of bankrupt Lactaprod dairy produc...
Hilton To Open Hampton Hotel In NE Romania
Hilton Worldwide Thursday said it reached an agreement to open its first hotel in northeastern city of Iasi, reaching a total 12 units which already operate or are under development in Roman...
Best Foods Pays EUR2.9M For 8,000-Sqm Land Plot Of Insolvent Spicul
Best Foods, a producer of corn-puff snacks, popcorn and potato chips owned by Greek businessman Epameinondas Ochonos, acquired an 8,000-sqm land plot on Timisoara Boulevard of Bucharest for...