Retail&Consumer
Rewe Opens Its 126th Penny Market Store In Romania
German discount retailer Rewe on Thursday said it has opened its 126th store under the Penny Market brand in Aiud, Alba, central-western Romania, bringing its local network to a total 132 un...
Kaufland Opens Hypermarket On Former Plastic Plant Munplast’s Site
Retailer Kaufland, which operates a 75 discount hypermarket network in Romania, has bought part of the land where the Munplast plastics plant used to be, said Maricel Diaconu, one of the ind...
Furniture Market Down 20%, Manufacturers Look For Growth Abroad
The domestic furniture market fell 20% in the first three months of this year to EUR122 million, according to the data of the Romanian Furniture Manufacturers’ Association (APMR). Export ros...
Online Card Payments In Romania Seen Up 25% To EUR250M In 2012
Online card payments in Romania will exceed EUR250 million in 2012, from EUR200 million in 2011, and the number of transactions will reach five million, up 30% from 2011, according to Netopi...
Cora Hires 900 People, Opens Two New Hypermarkets This Fall
Cora, a retailer that owns eight hypermarkets on the local market, will hire 900 people for the new stores it plans to open in Bacau (eastern Romania) and Bucharest this year.
Former Louis Vuitton CEO: I Would Invest In Retail Because There Is Still Demand
Marcello Bottoli, former chief executive of fashion house Louis Vuitton and currently operating partner with investment fund Advent International, talks about Romania in words that could sti...
Bread Price In Romania Might Go Up On Higher Wheat Prices
The price of bread in Romania might go up in the upcoming month if bread and milling companies fail to absorb the 20% increase in wheat prices, Aurel Popescu, head of the Rompan employers as...
Romania To Lower VAT On Food Most Likely In 2013 – Minister
Romania’s budget for 2013 will state a 9% value added tax on food products, Agriculture Minister Daniel Constantin said Tuesday.
Subway Opens Fourth Restaurant In Romania
U.S. fast food chain Subway opened Sunday its fourth restaurant in Romania, in shopping center Sun Plaza, in capital city Bucharest.