Retail&Consumer
Romania Adjusted Retail Sales Down 3% On Month In May
Romanian adjusted retail sales fell 3% on the month in May, after growth a month earlier, due to lower sales in most sectors, the statistics institute INS said Tuesday.
Cocor Bucuresti Restructures EUR15M Loan From BCR
The owners of shopping center Cocor in Bucharest and lender Banca Comerciala Romana (BCR) have agreed to restructure a EUR15 million loan the mall took out in 2008.
Furniture Maker Lemet Opens New Store Following RON1.4M Investment
Furniture maker Lemet has opened a store in Sighetu Marmatiei, in Romania's northern county of Maramures, following an investment of 1.4 million lei (EUR0.3 million).
Expanded Polystyrene Market Doubled In 2011-2012 - Survey
The Romanian expanded polystyrene (EPS) market doubled in 2011-2012 compared with 2007-2010, thanks to an increase in sales supported by building thermal rehabilitation projects, according t...
Carrefour Romania Expands Proximity Store Network With 20 Franchised Units
Retailer Carrefour Romania will expand its proximity store network with 20 new franchised units after signing two partnerships with local retailers Rost Com and Traditional Ecologic.
Grain Trader Nidera Starts Building Silos In Romania
Nidera, a Dutch-held grain trader, started construction of three grain collection facilities in Bailesti (Dolj County), Studina (Olt County) and Alexandria (Teleorman County) in southern Rom...
Kaufland Wants Private Labels To Generate 30% Of Sales
The leading retailer in Romania, Kaufland, plans to increase the share of private label products in the total sales from 18% to 30% in five years.
Lego Posts EUR6M Turnover In First Full Year On Romanian Market
Lego Romania, the local subsidiary of Danish toy maker Lego, had a turnover of nearly RON27 million (EUR6 million) and a net profit of RON403,000 (EUR90,000) in 2012, its first full year on...
Romania To Introduce Lump Sum Tax In Tourism As Of October 1
Romania’s minister-delegate for SMEs and Tourism Maria Grapini said Friday the methodology for lump sum taxes in tourism has been finalized and the tax will be levied as of October 1.