Retail&Consumer
Benetton Makes EUR150m From Manufacturing Operations In Romania
Italian fashion group Benetton, owner of such brands as United Colors of Benetton and Sisley, sees Romania as a manufacturing market rather than a retail market.
Each Employee Of OMV Petrom Gas Brought Over EUR700,000 In Profit In 2011
Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable em...
Romanian Businesspeople Expect The Leu's Depreciation To Bring Higher Prices, Lower Consumption
The Romanian leu's depreciation will raise the prices of imported products like food and clothing, as well as the cost of trips abroad, driving consumption down and possibly resulting in lay...
Lidl Close To EUR400m Revenue Mark In 2011 After 16% Growth
Discount chain Lidl, the latest to enter the market of modern retail in Romania in 2011, when it started one of the most aggressive expansion campaigns, ended last year with 1.68 billion lei...
Cigarettes In Romania Might Cost RON2 More Per Pack If Government Doubles Sin Tax - Producers
Romania’s Government plans to double the sin tax for tobacco from EUR10 per 1,000 cigarettes to EUR20/1,000 cigarettes, which will increase the price of a pack of cigarettes by about 2 lei (...
Stihl Romania Turnover Up 20% In 2011, Might Grow By 10% In 2012
The Romanian turnover of German power tool producer Stihl increased by more than 20% last year, from 84.2 million lei (EUR18.79 million) in 2010, and this year further growth of 10% is expec...
Sports Retailer Hervis Expects 22% Higher Sales This Year After 16% Growth In 2011
Catalin Pozdarie, the Romanian who has been running sporting goods retailer Hervis since its arrival on this market in 2007, expects sales to be 22% higher in 2012, in line with the first ha...
Sorin Spinu, LG Romania: We Want A Quarter Of The TV Market This Year
The Romanian subsidiary of LG targets a 26% market share on flat-screen televisions, a segment that brings around two thirds of revenues on the electronics market, estimated at nearly EUR300...
Romania Adjusted Retail Sales +1.2% On Month In May
Romanian adjusted retail sales rose 1.2% in May compared with a month earlier, on higher demand in all sectors, the statistics institute INS said Tuesday.