Retail&Consumer
Retailer Flanco Has New CEO
Romanian electronics retailer Flanco said in a press statement Sunday that Violeta Luca took over as chief executive officer, replacing Adrian Olteanu.
Generic Drug Producers Deem New Clawback Tax Still Unfair
The Association of Romanian Producers of Generic Drugs (APMGR) rejects the new clawback tax approved by the Government Thursday, arguing that authorities continue to ignore the propositions...
Mega Image Opens Three New Shop&Go Stores, Extends Romanian Network To 151 Units
Retailer Mega Image, part of Belgian group Delhaize, on Friday said it is opening three new Shop&Go stores Friday and Saturday, in capital city Bucharest and in Ilfov County, close to Buchar...
Grain Exports Through Constanta Port Double In Full Drought: 3.6M Tons In Seven Months
Exports of wheat, corn and barley made through the port of Constanta, the leading hub through which Romania sends grains abroad, reached 3.6 million tons after the first seven months of the...
Otter Distribution: Purchasing Power Still Low, Competition Stronger. This Is The New Normal
Filip Schwartz, majority shareholder and chief executive of the Otter Distribution group, says that even though the economy has changed in the last four years, this should be regarded as a t...
Cora Expects 5% Turnover Rise With Two Openings In Autumn
French-Belgian retailer Cora, which has a network of eight stores on the Romanian market, expects an up to 5% sales rise for this year, after in the past four years the company’s turnover in...
Unirea Shopping Center 1H Profit Falls 32% To RON1.8M
Romania’s Unirea Shopping Center (SCDM.RO) ended the fist half of 2012 with sales of 41.4 million lei (EUR9.2 million), up 10% on the year, while its profit dropped 32%, to RON1.8 million.
Polish Footwear Retailer CCC Opens Second Store In Romania
Peeraj Brand International will open Friday the second footwear store under the CCC brand in Romania, in shopping center Palas Mall Iasi, developed by Iulius Group.
Casa Rusu: The Year Got Off To A Bad Start, But Sales Picked Up In August
Casa Rusu, the retail unit of furniture maker Rus Savitar, obtained more than 35% of its revenue last year from two stores in Bucharest. The store in the Vitantis shopping center (southern B...