Retail&Consumer
Greek Group Sprider Exits Romania; Its Local Unit Went Bust
Greek fashion retailer Sprider Stores Tuesday closed its store network in Romania after its local subsidiary went bankrupt in July.
Romanian Beer Sales Down 3% In Volume In 1H/2013
Beer sales in Romania fell 3% in volume on the year to 8 million hectoliters in the first half of 2013, due to low purchase power, moody summer weather and increased taxation, the country’s...
Romania’s Major Home Appliances Market Seen Up 4%-5% In 2013
Romania’s major household appliances market is expected to grow by 4% to 5% in 2013 and exceed the threshold of EUR300 million following a 10% increase in product prices, Whirpool Romania’s...
Romanians Spend EUR900M/Year In Restaurants
Romanians spent about 4 billion lei (EUR900 million) in restaurants last year, the same as in 2011, though less than what people in developed western countries or in the neighboring countrie...
Immochan Kicks Off Real Estate Project In Brasov
Immochan, the real estate division of French group Auchan, started construction of the first stage of real estate project Coresi Brasov in central Romania.
Profi To Rent Spaces Of Five Pita Supermarkets In NE Romania
Retailer Profi, controlled by Polish private equity firm Enterprise Investors, will rent five Pita supermarkets in Botosani (northeastern Romania) and rebrand the stores after getting the no...
Business Outlook: Executives See Growth In industry, But Declines In Constructions And Retail
Romanian executives estimate the activity in the construction and retail sectors will decline over the September-November period compared with the previous three months, the statistics insti...
Former Minister Gheorghe Pogea Named GM At CrisTim
Former finance minister Gheorghe Pogea mber 2009 has taken over as general manager of Romanian cold cuts producer CrisTim since early August.
Leonardo’s Restructuring Process Close To Finish Line
Leonardo, the largest Romanian footwear retailer, has reached its last year of reorganization after the debt-mired company entered insolvency in the second half of 2009.