Retail&Consumer
Sales Of Furniture Showing Signs Of Rebound
Furniture sales in Romania increased 4% in the first eight months of the year compared to the year-ago period. This is the first positive sign coming from the industry after four years of de...
Turkish Fashion Retailer Koton Buys Building In Bucharest’s Old Town
Turkish fashion retailer Koton, which has four stores in Bucharest, has bought a 1,200 square meter building in the city’s Old Town for EUR4.5 million from an Irish businessman, sources clos...
Dacris Sold EUR15.7M In Stationery And Office Supplies This Year, Up 20%
Romania’s Dacris, a group of firms specializing in sales of stationery and office supplies, will end this year with a turnover of EUR15.75 million, up 20% compared to 2012, and estimates it...
Head Of Carrefour Romania: Cut VAT On Food To Help Consumption Rebound
Jean Baptiste Dernoncourt, the newly-appointed executive of Carrefour Romania, says a reduction of VAT on food is needed in order for a steady recovery of consumption to occur.
2013 Difficult Year For Brewers, Market Down 2.6% in Jan-Sept
Beer sales reached 14 million hectoliters (1.4 billion liters or 2.8 million 0.5 liter cans) in the first nine months of the year, down 2.6% on the year-ago period, ZF has calculated based o...
Romania Readies New Gambling Rules
Romania’s National Gambling Office, or ONJN, on Tuesday said it is preparing a new set of regulatory measures in the local gambling sector.
Carpathian Springs Borrows EUR14M From BRD To Extend Aqua Carpatica Production
BRD Groupe Société Générale, Romania’s second largest lender by assets, has granted a loan of EUR14 million to Carpathian Springs to finance its current operations and extend the production...
Ostahie: Altex Has Gone Hand In Hand With Economy
Romanian electronics and IT retailer Altex has pursued the same trajectory as the Romanian economy in the company’s twenty-year existence. The largest electronics & IT retailer was affected...
AFI Europe’s CEO Recipe For EUR100M Investments During Hard Times
He came in Romania when the crisis was in full swing, in early 2011, after having worked in the United States, Nigeria and Canada and managed to have EUR100 million worth of project built in...