Retail&Consumer
Over 60 Coffee Shops Disappear From Market In 3 Years Because Of High Prices And Faulty Management
In the past three years the Romanian market has lost over 60 coffee shops because prices were not adjusted to the local realities and because of faulty management. Another factor has been Ro...
Josef Goschy Makes Only EUR10/Day From Each Of His 3,500 Hotel Rooms
Josef Goschy, who owns 3,500 hotel rooms, says revenues collected by Unita Turism amounted to 30 million lei (around EUR6.7 million) between January and August, 15% more than in the similar...
GTC's Romanian Portfolio Loses EUR19M In Value In 1H
Israeli-owned real estate developer GTC on Thursday said the value of its Romanian portfolio fell by EUR19 million in the first half of 2012, to EUR241 million, mainly due to low yield of th...
GfK: Romania’s Durable Goods Market Fell 2.5% In 2Q, To EUR293M
Romania’s durable consumer goods market has kept its downward trend for a second consecutive quarter, posting a 2.5% decline to EUR293 million compared with the first quarter of 2012, accord...
Titan Sales Down 24.6% In Oct-June, To RON201.4M
Romanian milling and bakery company Titan (MPN.RO) reported sales of 201.4 million lei (EUR44.6 million), down 24.6% on the year, for the period October 1, 2011 - June 31, 2012, the first ni...
Avicola Brasov 1H Sales Up 28% To RON57.23M
Romanian poultry processor Avicola Brasov (AVLE.RO) posted sales of 57.23 million lei (EUR12.6 million) in the first semester of 2012, up 28% from RON44.7 million in the same period a year b...
Intercontinental Hotel Posts Loss Of RON1.6M In 1H 2012
Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, reported a loss of 1.6 million lei (EUR354,100) in the first half of 2012, com...
Tour Operators TUI, ITS Plan To Withdraw From Romania
TUI and ITS, two of the world's largest travel companies, intend to stop bringing tourists to Romania starting next year, unhappy with the absence of promotion on the German market and Roman...
IKEA Romania Sees Double-Digit Sales Growth In Catalog Year 2012
Furniture retailer IKEA will post a double-digit sales growth in Romania between September 1, 2011 and August 31, 2012, fueled by the higher number of clients, the company’s retail manager C...