Retail&Consumer
Almost 16% In Albalact Sold For RON10.3M In Bucharest
A stake of 15.87% in Romanian dairy maker Albalact (ALBZ.RO) was sold Tuesday on the Bucharest Stock Exchange for 10.35 million lei (EUR2.3 million).
Metro Heads For 550 “La Doi Pasi” Stores
Metro Cash & Carry has reached a chain of over 300 franchised stores opened under the name “La Doi Pasi,” while a further 250 stores are in the process of being set up.
BauMax Romania To Have New GM Starting September 1, 2012
The operations in Romania of Austrian building materials retailer bauMax will be run, starting September 1, 2012, by Peter Eszényi, former director of expansion on the Romanian market for re...
JLL: At Least One More Shopping Center To Close Down In Romania By Yearend
Some 330,000 square meters of new shopping center space are currently under construction in Romania, with delivery due in the second quarter of the year and in 2013, according to real estate...
Story Of Turabo: From 50 Coffee Shops To Insolvency
Tudor Dragomir Niculescu, the owner of the Turabo coffee shop chain and one of the first to get the coffee shop market going in Romania, has closed down, in less than three years, all his 50...
Romanian Seaside Resorts Fully Booked
Romania’s seaside resorts are fully booked over weekends and 98% booked on weekdays this summer season, according to hotel owners part of the Tourism and Services Employers’ Federation (FPTR...
Auchan To Buy Hypermarket In Pitesti From NEPI For EUR28.7M
French retailer Auchan will buy a hypermarket in Pitesti, Romania from South African investment fund New Europe Property Investments (NEPI) for EUR28.7 million.
Romania June Retail Sales Fall At 3rd Fastest Pace In EU - Eurostat
Romanian retail sales fell 1.1% in June from the previous month, the third largest decrease in the European Union, official data showed Friday.
INS: Tourist Arrivals Up 11.8% On Year In June
Tourist arrivals in Romania rose 11.8% in June from the year-earlier month, while overnight accommodations were up 7.2% on the year, the statistics institute INS said Friday.