Retail&Consumer
Auchan Opens First Store In Sibiu After EUR2M Remodel
Auchan Romania will open Tuesday its first hypermarket in Sibiu, central Romania, after investing EUR2 million in remodeling the former Real hypermarket.
Igor Tikhonov To Take Over As President Of Ursus Breweries Starting January 1, 2014
London-headquartered brewer SABMiller has appointed Igor Tikhonov as the new president of Ursus Breweries, starting January 1, 2014.
INS: Tourist Arrivals Up 1.2% On Year In October
Arrivals at Romanian tourism accommodation establishments rose 1.2% in October from the year-earlier month, while overnight staying increased 1.5% on the year, data from the statistics insti...
eMAG Boasts EUR3.5M Black Friday Sales In Bulgaria
Romania’s largest online computer and electronics retailer eMag registered sales of EUR3.5 million during its first Black Friday sales campaign in Bulgaria, held on November 29, general mana...
Italy’s IGD Plans To Improve Romanian Portfolio; Gets Ready For Market Rebound
Italian company Immobiliare Grande Distribuzione (IGD), which owns shopping center chain Winmarkt in Romania, said its strategy on the local market does not include new projects, because it...
Fribourg Development Completes First Phase Of Liberty Technology Park Cluj
Fribourg Development, the real estate division of investment fund Fribourg Capital, has completed the first phase of Liberty Technology Park in Cluj, following an investment worth over EUR7...
Farmland Prices Rose 60% In Romania Over Past Two Years
Average farmland prices in Romania have increased about 60% over the past two years to EUR3,100 per hectare, but are still two to eight times lower than in most European Union states, accord...
Kaufland Opens New Hypermarket In Bucharest
Retailer Kaufland Romania has opened a new hypermarket in Bucharest, its fifth in the city and 88th in the country.
Batoux, Coca-Cola: Boosting Consumer Confidence, Biggest Challenge For Companies And Governments
The biggest challenge companies and governments are facing now is boosting consumer confidence, says Stephane Batoux, general manager of Coca-Cola HBC Romania and Moldova, the largest soft d...