Retail&Consumer
Polsib To Sell Land In Sibiu for EUR5.7M For Kaufland Store, Retail Park
Publishing house Polsib in Sibiu (POLS.RO) is selling a 30,000 square-meter land in Sibiu for EUR5.73 million, net of VAT, to construction company Con-A, which plans to use it for a Kaufland...
Carrefour Romania’s CFO Promoted Chief Executive Officer
French-held retailer Carrefour has appointed Jean Baptiste Dernoncourt as chief executive officer of its Romanian operations.
Transavia Sets Up Two More Produce Farms, Invests EUR5M In Farming Equipment
Transavia, the biggest poultry meat producer in Romania, has set up two new produce farms and invested EUR5 million in the purchase of farming equipment, the company said Wednesday.
Real Estate Developer Plaza Centers Enters Judicial Reorganization
Plaza Centers, developer of the Casa Radio project in Bucharest, has entered judicial reorganization under Dutch bankruptcy law, to solve its cash flow issues, the Israeli investor announced...
Era Shopping Park Oradea 92% Rented After New Contracts Signed This Fall
UK Argo Real Estate Opportunities Fund (Argo) has signed rental contract for 9,500 square meters in Era Shopping Park Oradea this fall.
Lemet Opens New Store Following RON1.7M Investment
Romanian furniture maker Lemet invested nearly 1.7 million lei (EUR0.3 million) in a new store, in southeastern city of Buzau.
AFI Palace Cotroceni Retailers Registered 5.3% Higher Sales In January-September
Retailers in shopping center AFI Palace Cotroceni (Bucharest) registered sales of EUR145 million in the first nine months of 2013, up 5.3% on the year.
Carrefour Opens Its 25th Hypermarket in Romania Thursday
French group Carrefour will inaugurate Thursday its 25th hypermarket in Romania and the new unit is located in Shopping City Galati, developed by South-African real estate investment fund Ne...
Largest Metro Franchisee Jumps Ship To Carrefour
The largest franchisee in the LaDoiPasi network developed by German group Metro Cash&Carry, which operated six stores under the LaDoiPasi - For Family brand, has moved to Carrefour.