Retail&Consumer
Farmaceutica Remedia Expects 8% Higher Sales To RON260M In 2013
Romanian pharmaceuticals wholesaler Farmaceutica Remedia Deva (RMAH.RO) estimates full-year sales will rise 8% to 260 million lei (EUR58 million) in 2013, with the opening of eight new units...
Profi Takes Over Alimrom’s Store Network, Antitrust Watchdog Analyzes Deal
Retailer Profi, controlled by Polish private equity firm Enterprise Investors, has taken over the store network of Cluj-based company Alimrom.
Pambac Bacau Sold In Undisclosed Deal
Romanian chemical fertilizer wholesaler Comfert and grain trader Popasul Trebes have completed the acquisition of bread and bakery producer Pambac SA, one of the country’s top companies in t...
Profi To Invest EUR18M In 2013 To Extend Store Network
Retailer Profi, controlled by Polish private equity firm Enterprise Investors, has planned investments of about EUR18 million in 2013 to extend its Romanian network.
Lidl To Open New Store In Romania Thursday
German retailer Lidl will open a new store Thursday in Piatra Neamt, expanding its Romanian network to 156 units, the company said Wednesday.
Mega Image To Open Four New Stores In Romania In January
Retailer Mega Image, part of Belgian group Delhaize, will open a new store Wednesday in Bucharest’s City Mall and plans three more openings in January to bring its Romanian network to 197 un...
Constantin: Romania May Cut VAT On Bread To 9% In H2
Romania’s Government wants to apply a pilot-project to lower VAT on bread from 24% to 9% as of the second half of 2013, aiming to reduce the tax evasion, Agriculture minister Daniel Constant...
Raiffeisen Bank Lends EUR30M To AFI Europe To Complete Ploiesti Shopping Center Project
Shopping center developer AFI Europe said Tuesday it obtained financing of over EUR30 million from Raiffeisen Bank International Group to complete a shopping center project in Ploiesti, sout...
Owner Of Zara Makes 8 Million Clothes And Footwear In Romania
Inditex, the world’s largest fashion group, produces over eight million clothing and footwear items under contract in Romania per year, i.e. 1% of its production worldwide.