Retail&Consumer
Auchan To Invest EUR55M In Coresi Retail Project In Brasov
French retail group Auchan will invest between EUR55 million and EUR60 million in the development of the Coresi retail project in central Romanian city Brasov.
Drought Wipes Off EUR2M From Poienaru’s Farming Business
Agrofarm Holding, one of the top ten agricultural producers on the Romanian market, will record a EUR23 million turnover this year, down 8% on 2011. The turnover decline is due to the drough...
Cris-Tim Sees 2012 Sales Up 25% On Year To EUR100M
Romanian meat products retailer Cris-Tim posted a 10%-15% decline in volumes sold in the first quarter this year, but it expects to reach sales worth at least EUR100 million this year, up 25...
Phillip Morris Romania Appoints New Corporate Affairs Director
Cigarette maker Philip Morris Romania on Tuesday announced the appointment of Sorana Mantho as Corporate Affairs director replacing Andrei Vasilescu, who left the company to pursue personal...
Government Falsely Informed IMF About Obligation Fulfillment
Romania's Government has falsely informed the IMF that it has eliminated restrictions against the opening of large retail centers, and the letter of intent that includes this claim has been...
Oresa Ventures Launches Rebranding Of RTC Proffice
Swedish private equity fund Oresa Ventures will launch a re-branding program for its Romanian office supply distributor RTC Proffice Experience, the fund said Tuesday.
Fast Food Chain Subway Starts Activity In Romania
US fast food chain Subway launched Tuesday its first restaurant in Romania, in Bucharest, and the group plans to launch 40 units on the local market within the next four years.
First Estimates: Drought To Cost Romania 2 Million Tons Of Grain
Romania’s grain production will amount to 19.3 million tons this year, down 1.9 million tons as a result of the decline of wheat and corn crops, according to the March estimates of Coceral,...
Agriculture Minister: Food Exports Should Target Asian Market
Exports of agri-food products will exceed imports only in 2014, when exports of processed products are expected to rise, while the current bet is on exports to Asian markets, where local pro...