Retail&Consumer
Flanco Opens New Store Thursday, Sees Unit’s Sales At RON21M In First Year
Romanian electronics retailer Flanco will open a new store Thursday in shopping center Palas Iasi (eastern Romania) and estimates sales of over 21 million lei (EUR4.7 million) in the unit’s...
Agricover Names Robert Rekkers As Non-executive Director
Romanian agribusiness group Agricover on Wednesday said it has appointed Robert Rekkers, the former chief executive of lender Banca Transilvania, in its Board of Directors, where he holds a...
Profi To Open Two Stores Wednesday, Bring Network To 120 Units
Romanian retailer Profi, held by investment fund Enterprise Investors, said Tuesday it will open two more stores Wednesday, in Cluj-Napoca and Timisoara, extending its local network to 120 u...
Posta Romana Loses RON4M A Month From Breach Of Its Postal Monopoly
Romania’s state-run postal operator Posta Romana is losing nearly 4 million lei (EUR896,077) monthly due to various companies infringing on its monopoly on postal services held until Decembe...
Mega Image To Open Three More Stores In Bucharest By End-May, Extends Local Network To 136 Units
Retailer Mega Image, member of Belgian group Delhaize, said Tuesday it will open three more stores in Bucharest by the end of May, bringing its Romanian network to 136 units.
Beer Sales In Romania Fell 6% On Year In 1Q
Brewers on the Romanian market have got off on the wrong foot this year, with sales down almost 6% on the year in the first quarter, according to ZF calculations based on data from the Natio...
Palas Iasi, Most Expensive Real Estate Project Outside Bucharest, Enters Finishing Straight
The mall inside the Palas Iasi (NE Romania) project, the largest real estate investment outside Bucharest, will open on May 31. The project, which started eight years ago via a repeatedly ch...
SABMiller Beer Sales In Romania Slide 8% As Consumers Trade Down
London-headquartered brewer SABMiller Thursday said its lager volumes in Romania fell 8% on the year to 4.45 million hectoliters in the financial year ended March 31, as a prolonged economic...
Meat Packer Carmolimp Signed EUR8M Contracts With Retailers Including Mega Image, Metro
Romanian meat producer Carmolimp signed contracts of EUR8 million this year with international retail chains, including Mega Image and Metro, which accounts for 20% of the company’s estimate...