Retail&Consumer
Lidl To Open New Store In Romania Thursday
German retailer Lidl will open Thursday its third store in the southeastern town of Constanta, expanding its Romanian network to 157 units, the company said Tuesday.
DeLonghi To Start Household Appliance Production At Its Romanian Plant In Mid-February
Italian household appliances producer DeLonghi will start production at its Romanian plant in Jucu, northwestern Romania, in mid-February, Cluj County Council head Horea Uioreanu said Tuesda...
Chicken Producer Says Export Demand Too High To Handle
Chicken producer Ave Impex Satu Mare sees exports generate 25% of its annual revenue in 2013 compared with 11% three years ago, general manager and founder Gheorghe Bodea said.
Romania Might Lower VAT On Bread To 9% Starting July 1
Romania might apply starting July 1 a pilot-project to cut VAT on bread from 24% to 9% if budget revenues increase so as to be able to cover a 200 million lei (EUR45.6 million) deficit the m...
Mega Image In Talks To Buy 20 Stores In Brasov
Retailer Mega Image, which operates the supermarkets by the same name and the Shop & Go convenience stores in Romania, is in talks to buy the 20-store retail chain Luca in Brasov (center of...
AFI Palace Retailers Registered Sales Of Over EUR201M In 2012
Retailers hosted by AFI Palace Cotroceni Bucharest registered sales of EUR201.5 million last year, up 10.8% from EUR181.8 million in 2011, the shopping center said in a press release Thursda...
GTC Cancels Sale Of Three Shopping Centers In Romania
Israeli-owned real estate developer Globe Trade Center (GTC) and a prospective buyer of three shopping centers in Romania have decided to cancel the transaction.
Agricola Bacau 2012 Sales Up 8% On Year To RON592.5M
Romanian agri-food group Agricola Bacau Thursday said its consolidated sales rose 8% on the year to 592.5 million lei (roughly EUR133 million) in 2012, fueled by higher chicken sales.
Kaufland Opens First Store This Year In Pascani, Eastern Romania
Retailer Kaufland Romania will open a hypermarket in Pascani, in the eastern county of Iasi, at the beginning of February, following an investment of EUR6-9 million.