Retail&Consumer
Beer Industry Returns To Growth
The beer industry showed the first strong signs of rebound last year when it posted growth of almost 5%, according to ZF’s calculations based on National Statistics Institute data.
Profi Opens New Store In E Romania
Retailer Profi, controlled by Polish private equity firm Enterprise Investors, opened Wednesday a new unit in the eastern city of Bacau, brining its Romanian network to 151 units.
Rewe Set To Open 14 Penny Market And XXL Mega Discount Stores
Retailer Rewe Romania, which operates two store formats in this country, Penny Market and XXL Mega Discount, will invest between EUR10 million to EUR15 million to open 14 stores this year.
Romania Hikes Total Excise Duty On Cigarettes For April 1, 2013- March 31, 2014 Period
The total excise duty level for cigarettes, valid for the period between April 1, 2013 and March 31, 2014, will be increased from EUR79.19 per 1,000 cigarettes to EUR81.78 per 1,000 cigarett...
Titan Sees Sales Up 32% to RON370M in Current Fiscal Year
Romanian bakery company Titan (MPN.RO) estimates its sales will reach 369.6 million lei (EUR84.2 million) in the current financial year, from RON279 million in the year ended in September 20...
Romanians Withdrew EUR24B From ATMs Last Year, Six Times More Than They Paid By Card To Retailers
Romanians withdrew more than 106 billion lei (EUR24 billion) from cash dispensers last year, six times more than POS payments, according to data from central bank BNR. Card payments totaled...
Amway Romania Sees Slight Growth In Sales This Year, To $23M
Direct sales company Amway Romania expects a slight growth in sales this year, to USD23 million, driven by the planned new product launches.
Kenvelo Takes Advantage Of Competitors’ Exit, Opens 30 Stores
Kenvelo, Lee Cooper, Tom Tailor and TimeOut will see growth this year as a result of the exit of several brands in the fashion business, says Philippe Besadoux, the French executive who runs...
Electroarges Sales Up 10% In 2012 To RON138M
Romanian home appliance manufacturer Electroarges (ELGS.RO) Friday reported turnover of 138.11 million lei (EUR30.9 million) for 2012, up 10% on the year.