Retail&Consumer
Tymbark Buys Assets And Brands Of Pan Group Craiova
Tymbark Maspex, the largest juice producer on the local market, took over some of the assembly lines and brands of Craiova-based bakery company Pan Group, sources close to the deal told ZF.
Major Banks Preparing For Mobile Phone Payments
Several major banks are preparing to introduce “contactless” mobile phone payments to merchants in their standard offer this year after having already conducted pilot projects on using this...
Mrad, Springtime: Keeping Customers More Important Than Making Profit
Maissam Mrad, managing director of fast food chain Springtime, says businesspeople should not use the past as reference, especially the boom period, because otherwise they will always be unh...
Mega Image Opens New Store In Bucharest
Retailer Mega Image, part of Belgian group Delhaize, will open a new store Wednesday in Bucharest, and plans to two more openings by end-January, which will bring its Romanian network to 195...
Increase Of Beer Excises To Hike Prices, Reduce Consumption
Increasing excise taxes on beer by 10% will cause prices to go up, and the ultimate result will be a decrease in consumption and lower state budget revenues, beer maker association Berarii R...
Dedeman Buys 3.2 Ha Land In Eastern Romania From GTC
Romanian do-it-yourself retailer Dedeman bought a 3.2-hectare plot of land in the eastern town of Galati from real estate developer GTC, which had planned to use it to build a shopping mall.
Visa Card Transactions Up 23.6% In Romania In 2012
Users of Visa cards made 23.6% more transactions directly of the traders in Romania last year, accounting for 41% of all transactions, while the amount spent increased 23.5%, Visa Europe sai...
SABMiller Beer Sales In Romania Up 23% On Year In Fiscal 3Q
London-headquartered brewer SABMiller Tuesday said its lager volumes in Romania rose 23% on the year in the third quarter ended December 31, 2012, helped by higher sales of Ciucas economy br...
Delaco: Dairy Market Becomes Polarized
The about one billion euro dairy industry badly hurt by the drought last year is becoming polarized, believes Victor Vartolomei, chief financial officer of Delaco Distribution, one of the mo...