Retail&Consumer
ZF Mobilio: Smartphone Sales To Triple In Romania By 2015, To 7.5 Million
Romanians currently use 2.5 million smartphones and the number could triple, to 7.5 million, by 2015, mobile telephony expert Dan Virtopeanu said at the ZF Mobilio Apps & Business Forum conf...
Avicola Crevedia Seeks EUR62.3M Loan For Investments
Romanian poultry processor Avicola Crevedia (AVRE.RO) will borrow 62.3 million lei (EUR14.2 million) from CEC Bank to finance investment and refinance previous debt, the company said in a st...
Dedeman To Open New Store In Ramnicu Valcea On Friday
Romanian construction material retailer Dedeman, the leader of the local DIY market, will open its 28th store Friday, in Ramnicu Valcea, following a EUR12 million investment.
H&M To Open 13th Romanian Store In Craiova On May 3
Swedish retailer H&M will open a store in the Electroputere Parc Craiova shopping center next week, bringing its Romanian network to 13 units.
Nicolae Sarcina Buys Four Former PIC Stores
Gorj-based businessman Nicolae Sarcina, who controls the Succes business, is set to buy four of the five hypermarkets of insolvent PIC chain, according to sources close to the deal.
Hochland Makes Exports Major Part Of Its Strategy
Hochland Romania, the country’s largest local cheese producer, says the exports of its two plants in Sighisoara and Sovata (central Romania) have become a strategically important component a...
Unirea Shopping Center 2011 Net Profit Falls To RON3.5M
Romania’s Unirea Shopping Center (SCDM.RO) Friday said its net profit dropped 41.7% to 3.49 million lei (EUR0.79 million) in 2011, hit by the lingering effects of the global financial crisis...
Value Of Romanian E-commerce Up 38% In Month Before Easter
The value of Romanian e-commerce in the period before Easter increased by 38% compared with the same interval of 2011, as Romanians spent EUR15.9 million in domestic online stores between Ma...
SABMiller’s Beer Sales In Romania Down 8% In Volume Last Year
London-based brewer SABMiller’s beer sales in Romania dropped 8% in volume in the 2011-2012 fiscal year, ended on March 31, as beer market growth continued to be subdued and competitors aggr...