Retail&Consumer
Cigarette Smuggling In Romania Down To 11.8% In July
Cigarette smuggling in Romania decreased to 11.8% of the market in July, from 12.6% in May, according to data by Novel Research.
Militari Shopping Center's 1H Net Rental Income Up 5.3% On Year To EUR3.4M
Property firm Atrium European Real Estate said Friday its net rental income from the Militari Shopping Center in Bucharest increased 5.3% to EUR3.4 million in the first half of 2013, from EU...
Romania 15th Biggest Market For Fashion Retailer Inditex
Romania ranks 15th among the most important markets for Spain’s Inditex group, the owner of Zara, the world’s leading fashion retailer by revenue (EUR16 billion last year).
Authorities Check Ten Grain Traders Over Alleged Price Fixing
Romania’s antitrust authority said Thursday it carried out checkups at ten grain traders in an investigation concerning possible anti-competitive practices.
Intersport: Street Front Stores Not Profitable For Sporting Goods Retailers
Sporting goods retailer Intersport will open three stores in shopping centers and retail parks by the end of the year as it prefers to avoid street front retail space because high rent and l...
Albalact Wants To Redeem About 20% Of Its Share Capital
The managing board of Romanian dairy product maker Albalact (ALBZ.RO) is seeking shareholders’ approval to redeem 19.67% of the shares. The stake is valued on the stock market at 19.8 millio...
Heineken Sales In Romania Decline In 1H
Dutch brewer Heineken NV said Wednesday its beer volume sales declined in Romania and throughout Central and Eastern Europe in the first half of the year, amid economic uncertainty and ongoi...
GTC Sells Galleria Suceava
Israeli group GTC, which developed a network of four shopping centers in Romania under the Galleria brand, sold its mall in the northeastern city of Suceava on August 7.
Furniture Maker Elvila Lays Off 66 of 985 Employees
Romanian furniture maker Elvila, owned by businessman Viorel Catarama, will lay off 66 employees, or 6.7% of the total, in July-September, citing the company’s precarious financial situation...