Retail&Consumer
La Fantana Romania Has New General Manager
Adrian Nanulescu took over as the new general manager of bottled water wholesaler La Fantana Romania, at the end of January 2014, replacing Mihai Matyas.
Fashion Retailer Takko Goes To Small Cities
German-held fashion retailer Takko, present in Romania since the autumn of 2007, wants to open six stores this year, keeping up the expansion pace of 2013.
Hugo Boss Closes Romanian Stores On Dwindling Sales
Luxury brand Hugo Boss, present in Romania via a local franchisee, is set to shut down the two mono-brand stores in this country by late February, as the contract is drawing to an end and sa...
Unexpected Rebound In Consumer Spending In December
Retail sales, the best indicator of the trend of consumer spending, unexpectedly rebounded by 6.7% in December, the National Statistics Institute announced on Monday.
Lidl Opens Five New Stores In February
German retailer Lidl will open this month five new stores in Iasi, Arad, Bucharest, Popesti Leordeni (Ilfov) and Timisoara, thus reaching 174 units, according to the company’s data.
Slovak Dairy Maker Koliba Expects EUR5.5M Sales In Romania In 2014
Slovak dairy producer Koliba expects sales of EUR5.5 million on the Romanian market in 2014, up 57% from EUR3.5 million in 2013.
Romania 2013 Adjusted Retail Sales Up 0.4% On Year
Romanian adjusted retail sales inched up 0.4% in 2013 compared with the previous year, fueled by higher demand for non-food items, the statistics institute INS said Monday.
Dan Sucu, Mobexpert: I’m Optimistic For The First Time In Four Years
Entrepreneur Dan Sucu, owner of Mobexpert group, the largest furniture business in Romania, says that for the first time in the past four years he is optimistic about the coming period.
Banks To Collect An Additional EUR100M In Fees If Law Capping Cash Payments Passes
Banks will stand to gain an additional EUR80 million to EUR100 million in fees from people buying homes or from retailers of furniture, cars and other items that cost more than 10,000 lei (a...