Retail&Consumer
Agricola Bacau 1H Sales Rise 5% To RON252.4M
Romanian agri-food group Agricola Bacau Tuesday said its sales rose 5% to 252.4 million lei (EUR54.85 million) in the first half, from RON240.3 million in the year-earlier period.
Romania Wants To Cut VAT For Basic Foods To 9% As Of 2013
Romania's Government decided to cut the value added tax VAT for the basic food products from 24% to 9% as of 2013, as part of a package of measures for the agricultural sector, official sour...
Drought Costs Farmers EUR1.5 Billion In Lost Revenue
The drought will translate into up to 30% lower corn and sunflower crops this year, costing the farmers EUR1.4 billion to EUR1.5 billion in lost revenue, according to ZF estimates based on i...
Romania’s 2011 Farming Output Up 9% To RON76.5B
Romania’s farming production rose to 76.5 billion lei (EUR16.64 billion) in 2011, up 8.9% from 2010, of which crop production amounted to RON54.1 billion, accounting for 70.8%, up 13% from 2...
Kenvelo Brings TimeOut Brand Back To Romania, Closes Ten Unprofitable Stores
The Kenvelo Group, which posted around EUR20 million in revenue last year from over 70 Kenvelo, Lee Cooper and Tom Tailor stores, will also develop the American TimeOut brand on the Romanian...
Romania Must Be Promoted As A Safe Travel Destination – Tourism Federation
Romania must be promoted internationally as a safe travel destination where there are no terrorist attacks, Dan Matei Agathon, head of the Romanian Federation of Employers in Tourism, told a...
Profi Opens New Store, Network Expanded To 125 Units
Romanian retailer Profi, held by investment fund Enterprise Investors, will open a new store Friday in Breaza (southern Romania), expanding its local network to 125 units.
Dascalu Collects EUR1 From Tenants For Every Person Going Into Iulius Malls
Businessman Iulian Dascalu, the biggest owner of shopping centers on the Romanian market, collected revenue of EUR20 million in the first six months of the year from rent at his Iulius Malls...
Arctic Headed Towards EUR300 Million Revenue
Arctic, the largest local home appliances producer might end the year with EUR300 million sales, if the growth pace of the first half maintains in the second semester.