Retail&Consumer
Mega Image's Romanian Network Reaches 130 Stores
Mega Image, a member of Belgian group Delhaize, will open Saturday its 130th supermarket in Romania, in Bran, Brasov county.
First Quarter Review: Consumption, Drugs And Mall Sales Up, Energy And Beer Sales Down
The start of the year came with different signals from the main sectors of Romania's economy, so a clear trend cannot be outlined for the first quarter of the year, according to data release...
Agricola Bacau First-Quarter Sales Rise 8% On Year
Romanian agri-food group Agricola Bacau Thursday reported first quarter sales of 112.6 million lei (EUR25.5 million), 8% higher on the year.
Brunello Cucinelli To Debut On Romania's Fashion Market
Carmen and Sorin Seitan, with 16 years’ experience in fashion retail, are opening a new luxury store this year. The two entrepreneurs will bring one of the world’s most expensive brands, Bru...
Multiple VAT Rates Will Only Lead To Fiscal Evasion, Says IMF
The International Monetary Fund wouldn’t recommend Romania charges different sales tax rates for different types of business activities, because the measure will likely lead to tax evasion,...
URBB Pins Hopes On Summer To Offset Slow Q1
United Romanian Breweries Bereprod (URBB), whose portfolio includes Tuborg and Carlsberg beers, Bilbor water and Granini soft drinks, ended the first quarter of the year with stagnating sale...
Vegetable Oil Producer Argus Sees Profit Down To Half
Argus Constanta, a top ten vegetable oil producer in Romania, ended last year with 7.9 million lei (EUR1.8 million) net profit, half the 2010 level. The profit decline came after a 30% incre...
Cetelem Romania Posts RON9.8M Pre-Tax Profit For 2011
Consumer lending company Cetelem Romania, owned by BNP Paribas, posted a pre-tax profit of 9.8 million lei (EUR2.2 million) under IFRS last year, and the number of loans granted increased 24...
Mega Image Opens Its 20th Shop&Go Store Wednesday, In Bucharest
Mega Image, a member of Belgian group Delhaize, will open Wednesday in Bucharest its 20th Shop&Go proximity store.