Retail&Consumer
Promenada And Baneasa Malls Start Fight Over Richest Romanians’ Budgets In October
The opening in less than a month of the Promenada Mall in northern Bucharest will set off one of the biggest battles for clients in Romanian modern retail: the mall’s owner, Austrian Raiffei...
Romania Hospitality Industry Fell 20% In 2008-2010; Accounted For 2.1% Of GDP In 2010
The Romanian hospitality industry (hotels, restaurants, bars, event planning) fell over 20% in Romania between 2008 and 2010 and accounted for a little over 2% of the gross domestic product...
Tehnomarket Calls It Quits After Only Six Years In Romania
Tehnomarket stores developed by computer and electronics retailer Domo in Romania have either been turned into Domos or closed on a market where competition is charging from all sides and es...
Romanians Spend Half The Money On Their Cards To Buy Food, Drinks And Cigarettes
Card holders spent 11 billion lei (equivalent to EUR2.5 billion) on food, beverages and tobacco, half the overall amount spent by Romanians using cards.
Modern Retail Will Near 2,000 Stores In Five Years
Modern retailers will continue to expand in the next five years as fast as during the crisis at a rate of 150-200 stores a year to reach a total of almost 2,000 and fill every spot still not...
Lidl Opens New Store In Cluj-Napoca Thursday
German retailer Lidl will open a new store in Cluj-Napoca Thursday, its fifth in the city and 163rd in Romania, the company said Wednesday.
SIF Oltenia To Launch Public Offering To Buy 44.3% Of Argus Constanta For RON38M
Romanian regional investment fund SIF Oltenia (SIF5.RO) will launch a public offering to take over 44.3% in vegetable oil producer Argus Constanta (UARG.RO) for 38 million lei (EUR8.5 millio...
Adamescu Family To Invest EUR55M In Its Two Unirea Shopping Centers
The Adamescu family, which owns Astra Asigurari, Unirea Shopping Center, Rex and Intercontinental hotels and two office buildings in Bucharest, plans to invest EUR55 million in the next two...
Largest Romanian Bread Producer Is Looking To Grow Through Exports
The largest Romanian-held bakery group, Boromir Ramnicu-Valcea, is looking at Russia as a target market for its pastry products.