Retail&Consumer
JTI Invests EUR25M To Expand Romanian Plant
Cigarette producer Japan Tobacco International (JTI) has invested EUR25 million to expand its plant in Romania’s capital Bucharest.
Lasselsberger Romania Has New General Manager
Austrian group Lasselsberger named Toni Teau as general manager and member in the Board of Directors of Lasselsberger Bucuresti and ceramic tiles maker Sanex, two firms it controls.
Former UPC, Coca-Cola Manager Appointed CEO Of Paint Maker Fabryo
Dragos Militaru, former manager in cable company UPC Romania and in Coca-Cola HBC, will take over as CEO of paints producer Fabryo Corporation on August 1, replacing Aliz Kosza, who has mana...
Arctic Registered Sales Of Over RON1B In 2011
Romanian household appliance maker Arctic registered sales of 1.07 billion lei (EUR253 million) in 2011, up some 13% compared with the previous year.
McDonald’s Business At Four-Year Low
McDonald’s, the largest competitor on the local restaurant market, posted EUR93.9 million revenue in 2011, down 5.5% on 2010 and almost 15% on 2008, its best year on the Romanian market.
Liberty Center Put Up For Sale At EUR60M
Liberty Center, a shopping center in southern Bucharest, is being foreclosed and put up for sale through public tender, at a starting price of EUR60 million for unpaid debts to three banks.
Modern Retailers’ Sales Per Store Down 30%
Modern retailers saw decline in sales per store last year, by over 30%, as consumer spending decline did not stop and they continued to open stores in an attempt to keep revenue at the same...
LEM'S Network Sales Up 21% In 1H To RON70M
The sales of retail network LEM'S, operated by Romanian furniture maker Lemet Campina, grew by 21% in the first half of the year, to 70.2 million lei (EUR15.5 million) and might reach RON200...
Agriculture Minister Says Bread Prices Won’t Go Up In Upcoming Period
Romania’s Agriculture Minister Daniel Constantin on Thursday said the representatives of employers’ associations in the bread industry assured him that bread prices will not go up in the upc...