Retail&Consumer
Electroarges 1H Turnover Up 13.4% To RON72.7M
Romanian home appliance manufacturer Electroarges (ELGS. RO) on Tuesday said its turnover rose 13.4% to 72.77 million lei (EUR16.57 million) and its net profit advanced 50% to RON6.46 millio...
Boromir Prod 1H Sales Down 24.4% On Year, To RON53.58M
Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) reported sales of 53.58 million lei (EUR11.8 million) in the first semester, down 24.4% from RON72.84 million in the same per...
MOL Sales Volume In Romania Up 5% On Year In First Half
Hungarian oil company MOL Tuesday said its fuel sales volume on the Romanian market rose 5% to 220,000 tons in the first half, from 208,000 tons in the year-earlier period.
Leonardo Bets On EUR60M Turnover, Expects To Cut Losses In Half
Leonardo, the largest Romanian footwear retailer, which went insolvent in the second half of 2009, hopes to cut its losses in half this year against 2011, when they amounted to EUR6.3 millio...
Rus Savitar To Invest RON23M In Factory Expansion, With EU Co-Financing
Romanian furniture maker Rus Savitar will invest 23.5 million lei (EUR5.18 million) to upgrade and expand its upholstered product factory in Timisoara, a project that will receive co-financi...
Retailers Say VAT Cut For Basic Food Will Reduce Shelf Prices
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger lower shelf prices by the same percent, according to the Association o...
Cellini, Swarowski And Gucci Stores Want Sales Of Over EUR25M
Sodo Migliori group, which owns the Cellini stores, some of the Swarowski stores and luxury monobrand Gucci on the Romanian market, expects a turnover of over EUR25 million for this year, a...
Electroputere's 1H Loss Widens To RON29.8M
Romanian electric engine maker Electroputere Craiova (EPT.RO) registered losses of 29.87 million lei (EUR6.8 million) in the first half of the year, up 8.6% compared with the same interval a...
Bucharest Liberty Center Sold At Auction For EUR60M
Liberty Center in capital Bucharest has been auctioned off Tuesday for EUR60 million and the buyer is firm Rosequeens Properties, owned by Rosequeens Properties Limited, registered in Cyprus...