Retail&Consumer
Argo’s Shopping Centers In Romania Generate Revenues Of EUR22.3M In 2012
The four shopping centers operated by Argo Real Estate Opportunities Fund (Argo) in Romania generated revenues of EUR22.3 million in the 2011-2012 fiscal year ended September 30, up about 64...
Furniture Maker Lemet Opens Two New Stores In 1Q/2013
Romanian furniture maker Lemet opened two new stores in the first quarter of the year, in Pitesti and Constanta, following an investment of about 2.2 million lei (EUR0.5 million).
Lowering VAT On Bread Not Feasible As Romania Lacks Revenues To Offset Loss
Reducing the value added tax on bread from 24% to 9% starting 2013 would have a significant impact on the state budget and, although in theory the measure may curb tax evasion in the bread i...
Romania’s Grain Production Fell 39% In 2012 To 12.7 Mln Tons
Romania’s corn and wheat production fell 52% and 28.4%, respectively, last year and the crop yield was the lowest in the European Union despite the country’s large cultivated areas, statisti...
Sony Aims For Over 10% Of Local Smartphone Market
The local branch of Sony Europe plans to double market share to ten percent on the smartphone segment by launching new models as top of the line Xperia Z and volume models in the range.
Botosani Uvertura Mall To Open Friday Following EUR27M Investment
Romanian company Moldova Universal, owned by businessman Danut Prisecariu, will inaugurate shopping center Uvertura Mall in Botosani Friday, following a EUR27 million investment.
Cora To Open Shopping Mall In Constanta This Summer, In EUR58M Investment
French hypermarket chain Cora will open a shopping center in Romania's southeastern city of Constanta this summer, following an investment of EUR58 million.
Romanian Executives Optimistic About Economy In March-May
Romanian executives estimate all key economic sectors will see a spike in activity levels in the March-May period compared with the previous three months, the statistics institute INS said i...
Profi Opens First Alimrom Rebranded Store In Cluj-Napoca
Retailer Profi opened Wednesday the first of the six stores taken over earlier this year from Cluj-based company Alimrom Trading.