Retail&Consumer
Iulius Group’s Malls & Palas Iasi Report EUR46.6M Rental Revenues In First 9 Months
The five shopping centers owned by Romanian businessman Iulian Dascalu and his Palas Iasi mixed development generated aggregate rental revenues of EUR46.6 million in the first nine months of...
Militari Shopping Center's 9-Month Net Rental Income Up 2.7% On Year To EUR5M
Property firm Atrium European Real Estate said Wednesday its net rental income from the Militari Shopping Center in Bucharest increased 2.7% to EUR5.05 million in the first nine months of 20...
GTC Sells Shopping Mall Galleria Suceava For EUR800
Israeli-owned real estate developer Globe Trade Center (GTC), which developed a network of four shopping centers in Romania under the Galleria brand, sold its mall in the northeastern city o...
Domo To Have New CEO Starting November 15
Kim Koellner will take over as chief executive officer of electronics and IT retailer Domo starting November 15, replacing Dragos Dinu who left the company to pursue personal projects.
Romania’s Tax Changes Will Lower Consumption, Hurt Retailers’ Business And Investments
Romania’s new tax changes will lower people’s income, as they will ultimately pay for the tax hikes, affecting retailers’ business and investments, and the measures are set to backfire as st...
Dairy Executive Turns Construction Supplies Producer Around
The shift from running dairy producer Albalact to PVC profile manufacturer Teraplast Bistrita was quite tough, Traian Simion, the latter’s general manager said in an interview for the “Who’s...
Mega Image Takes Up Six Hectares Of Retail Space In Bucharest
Belgian-held supermarket chain Mega Image, which has 210 stores in Bucharest covering 60,000 square meters of space, has become the biggest tenant on the ground floor of apartment buildings,...
Linking Excises To Inflation To Reduce Beer Consumption - Association
Indexing excise duties for the average annual inflation will reduce consumption and will lower state revenue collections, according to the Romanian Brewers Association.
Fashion Retailer Peek&Cloppenburg In Talks For Space In Plaza Romania
German fashion retailer Peek&Cloppenburg is in talks with the owners of Plaza Romania in Drumul Taberei (west side of Bucharest) to open a store there, retail market sources say.