Retail&Consumer
Government Set To Resume Talks With IMF To Lower VAT On Food
Romania’s Government will resume talks with the International Monetary Fund on lowering VAT on basic food items to 9% instead of the current 24%, as soon as the Agriculture and Finance minis...
GTC To Sell Three Galleria Shopping Malls In Romania For Nearly EUR7M
Israeli-owned real estate developer Globe Trade Center (GTC) on Friday said it plans to sell to an international private investor three of the shopping malls it owns in Romania for an estima...
Furniture Maker Neoset Opens Store In Bucharest, Targets To Expand Local Network
Greek furniture maker Neoset has opened a store in Bucharest and plans to resume expansion in Romania, after it closed down most of its local units over the past four years.
Sorin Minea To Take Over Full Control Of Angst Next Year, Swiss Partners Are Set To Withdraw
Sorin Minea, one of the best-known entrepreneurs on the Romanian cold cuts market, will take over full control of Angst business in 2013, buying the remaining stake from his Swiss partners.
Angst Expects Losses This Year, But Higher Turnover
Sorin Minea, president of cold cuts producer Angst, said the company will end the year with losses, but with higher turnover.
Hypermarkets – Top Weekend Shopping Destination
Romanians spent 197 lei (EUR44) every time they shopped in a hypermarket last year. Hypermarkets remain consumers’ favorites when it comes to a high shopping volume, the so-called weekend sh...
Mega Image Set To Open 12 New Stores In Romania In November
Mega Image, part of Belgian group Delhaize, on Thursday said it plans to open 12 new stores in November and bring its Romanian network to 174 units.
Associations: Pork Covers Almost Half Of Romanian Meat Consumption
Pork covers almost half of Romanian meat consumption rate, with 60 kilograms per capita annually, followed by the poultry meat, with 15 to 20 kg per capita, according to the associations in...
Competition Council Says Promoting Romanian Grocers Unfair To Other EU Producers
Romania’s Competition Council said in a report Thursday that promoting foods made in Romania could be unfair toward food producers in other European Union countries.