Retail&Consumer
Dascalu's Malls Bring Revenues Of EUR40M In Nine Months
The malls own by Romanian businessman Iulian Dascalu recorded a cumulated turnover of almost EUR40 million in the first nine months of the year.
Black Friday Sales Block Retail Websites, Most Online Stores Deplete Stocks
The high number of visitors blocked Romanian retailers’ websites on Black Friday, while most online stores have already exhausted their stock.
NEPI Buys 12.7-Ha Plot Of Land In Romania For Retail Development
South-African investment fund New Europe Property Investment (NEP.RO) Friday said it has bought a 12.7-hectare plot of land in Galati (southeastern Romania), where it plans to develop a shop...
Ioan Niculae Turns His Corn Harvest Into Bioethanol And Fodder Worth EUR55M
Ioan Niculae, who controls the InterAgro group, expects revenues of EUR55 million this year from bioethanol, which is processed from corn and added to gasoline, and from livestock fodder.
Jumbo To Enter Romania In 2014, Open Eight Stores By 2016
Greek toy retailer Jumbo wants to enter the Romania market in 2014 and open eight stores by 2016.
AFI Collects EUR19.1M In Rents From AFI Palace Cotroceni In First 9 Months
Real estate developer AFI Europe, the owner of the AFI Palace Cotroceni Bucharest, collected EUR19.1 million from rents in the mall in January to September, up 10% from EUR17.37 million duri...
Real4You To Start Construction Of Mega Mall Bucharest In 2013
Austrian real estate developer Real4You has obtained authorization to build shopping center Mega Mall in Bucharest and will start construction next year.
Betty Ice Buys Building In Bucharest To Set Up Ice Cream Parlor
Vasile Armenean, owner of ice cream producer Betty Ice, one of the largest on the Romanian market, has bought a building in Bucharest’s historic downtown where he will set up an ice cream pa...
Romanian Retailers Expect Upsurge In Sales On Black Friday
Retailers and shoppers in Romania are getting ready for the Black Friday special promotions, at the end of this week, which are expected to generate huge sales due to discounts ranging betwe...