Retail&Consumer
Farmers See Romania’s Corn Production At 12 Mln Tons In 2013
Romania’s corn production this year is estimated at over 11.7 million tons, 2.4 times higher on the year.
Popoviciu And Dimofte Get EUR30M Profits From Malls And Retail Spaces
Sixteen companies known to be controlled by businesspersons Gabriel Popoviciu and Radu Dimofte reported total profit of almost EUR30 million in 2012, up 85% on the year, reveals a ZF analysi...
Romania Ranks 13th Worldwide By Furniture Exports, 49th By Consumption
Romania ranks 28th among countries with the largest furniture production, shows the World Furniture Outlook research conducted by CSIL, an independent institute from Italy, which analyzes th...
Phoenixy Invests EUR900,000 In Rooftop Photovoltaic Panels
Romanian corn puffs manufacturer Phoenixy will invest EUR900,000 to have photovoltaic panels installed on the rooftop of its factory in Baicoi (southern Romania).
GfK: Most Romanians Prefer To Buy New Mobile Phones
Over 80% of Romanians who own a mobile phone (normal phone or smartphone) said they bought it as new, and their choice was largely supported both by advantageous offers made by telecom opera...
Foreign Realty Investors Hiked Their Romanian Firms’ Capital By EUR165M In 1H
Foreign real estate investors increased the capital of the firms they own in Romania by about EUR165 million in the first half of 2013, double from EUR86 million in the similar interval a ye...
Carpathian Springs Doubles Sales To RON34M In 2012
Carpathian Springs, owner of mineral water brand Aqua Carpatica, created by businessman Jean Valvis in 2010, doubled its turnover in 2012 to about 34 million lei (EUR7.5 million), according...
Top 15 Telecom Retailers See Revenue Down 10% To EUR174M
Only seven of the 15 largest telecom retailers posted net profit and revenue growth last year, according to their 2012 filings with the Finance Ministry.
Government To Revise Budget End-July, Lower VAT On Bread Likely In September
Romania’s Government will operate this year’s first budget revision at the end of July and hopes enough funds will be saved to allow the lowering of VAT on bread as of September, Prime Minis...