Retail&Consumer
Bucharest’s Five-Star Hotels Can Accommodate 1,500 Guests For New Year’s Eve Parties
Bucharest’s five-star hotels want to accommodate over 1,500 guests in their restaurants and event halls for the New Year’s Eve party. Prices start from 200 lei (EUR45) per person and can rea...
Era Shopping Park Oradea To Enter Insolvency At Owner’s Request
UK Argo Real Estate Opportunities Fund (Argo) has filed a petition for the voluntary insolvency of its Romanian subsidiary Omilos Oradea, which owns Era Shopping Park Oradea, following litig...
Immochan Invests EUR60M In Building Coresi Shopping Center In Brasov
Immochan, the real estate division of France’s Auchan, started construction works Monday in Brasov on its Coresi shopping center that will include 130 stores, 6,000 square meters of entertai...
Alfred Toepfer To Supply Romanian Wheat To Egypt At $280/Ton
Grain trader Alfred Toepfer, with sales of EUR424 million in Romania, has won an auction to supply 60,000 tons of Romanian wheat to Egypt for $280.73/ton, plus freight rates of $19.5/ton.
Leonardo Starts Selling Clothes And Home Care Products To Improve Profitability
Romania’s largest footwear retailer Leonardo will start selling clothes, cosmetics and home care products in its too large, non-profitable stores in a move to optimize its financial results...
Romanian Ipec, One Of IKEA’s Main Suppliers, Wants To Double Turnover In Next Years
Ipec, a company set up by the Covaciu family twenty-two years ago in Alba Iulia, a city with a long tradition of ceramic manufacturing in Romania, has become one of the leading local supplie...
Benevo To Start Construction Of Bucharest Shopping Center Victoria City In 2014
Real estate developer Benevo, controlled by Canadian businessman Michael Topolinski, said it wants to start the construction of shopping center Victoria City in capital city Bucharest in the...
VAT Cut For All Foods Only Solution To Boost Consumption, Retailers And Producers Say
The VAT cut from 24% to 9% for bread has led to an increase of taxed production of flour and bread by 10% and 15%. Under the circumstances, retailers and production companies say that a VAT...
Winemaker Vincon Vrancea Expects 5%-7% Lower Sales In 2013
Romanian wine maker Vincon Vrancea estimates a 5% to 7% decrease in sales in 2013, to nearly EUR27 million, due to higher costs with raw material and a decline in purchasing power, Dan Danes...