Retail&Consumer
Lidl Opens 140th Romanian Store In Timisoara Wednesday
German retailer Lidl will open a new store Wednesday in Timisoara, western Romania, bringing its local network at 140 units, the retailer said in a press release.
Statistics Data Show Consumption Increase. Analysts’ Opinions Are Mixed
Retail sales – one of the leading indicators of consumption – went up by 3.6% in the first four months compared with the year-earlier period, but they are yet to recoup losses in previous ye...
INS: Romania Adjusted Retail Sales +0.8% On Month In April
Romanian adjusted retail sales inched up 0.8% in April compared with a month earlier, on higher demand in all sectors, the statistics institute INS said Tuesday.
Wrigley Romania’s Chewing Gum Sales Reach EUR50M In 2011
Wrigley Romania, the producer of the Orbit chewing gum, posted sales of 214 million lei (around EUR50 million) last year, up about 4% on 2010.
Hornbach Chooses Profit Over Fast-Paced Development
Hornbach, whose four do-it-yourself stores in Romania bring EUR75 million to EUR80 million in sales each year, will open one more unit in Timisoara this year, following a EUR30 million inves...
Khaled El Solh’s Plans For Caroli: Brand Restructuring, Return To Profit And Acquisitions
Khaled El Solh, one of the founders of cold cuts producer Caroli Foods Group, who has been running the company since the second half of last year, intends to bring the company back to growth...
The Largest Companies In Romania
OMV Petrom (SNP.RO) remained the largest company in Romania in 2011, with a turnover of almost EUR4 billion, shows a ZF analysis based on data provided by the company or on ZF estimates. Thi...
Government Plans To Raise Diesel, Cigarette Duties Next Year
Romanian authorities plan to raise excise duties on diesel fuel and cigarettes again next year, with the higher taxes on tobacco to last at least until 2015, says a government document.
Romania Allots EUR1.9M To Compensate Farmers For Snow-Damaged Crops
The about 3,000 Romanian farmers whose crops have been damaged by heavy snowfalls in January and February will receive state aid capped at EUR7,500 per beneficiary, Agriculture Minister Dani...