Retail&Consumer
GED Buys Duke Hotel In Central Bucharest And Refrigeration Storage Facility
Spanish private equity firm GED, one of the most active investors in the tourism industry in the past few years, bought Duke hotel in Piata Romana square in central Bucharest, as well as an...
Former Teacher Turned Entrepreneur: Turnover Of RON280M From Retail And Meat Processing
A former teacher from Ramnicu Valcea, Dumitru Craciunescu, has in the last two decades created a RON280 million (EUR63.8 million) business with a chain of 27 food stores under the DIANA bran...
Flanco Appoints Violeta Luca As Deputy CEO
Romanian electronics retailer Flanco will appoint Violeta Luca as deputy CEO, starting April, filling a position that has been vacant since 2009.
Cora Invests EUR120M And Hires 1,000
French-Belgian retailer Cora, which holds a chain of eight stores on the Romanian market, plans to invest EUR120 million this year, half for the opening of new stores and half to buy land.
Billa: This Will Be Our Best Year For Sales And Openings
Sorana Georgia, manager of supermarket chain Billa, says 2012 will be the best year for the company she runs both in terms of turnover and in terms of the number of openings. Billa’s estimat...
Local Detergent Maker Expects Revenue Of RON2.5M In 2012
Three Romanian investors have built a liquid detergent plant in Prahova county (southern Romania) in an investment that will reach about EUR1 million by the end of this year.
Winemaker Murfatlar Romania Goes Insolvent
Murfatlar Romania, one of the top local winemakers, is officially insolvent after the Constanta Court (SE Romania) approved its claim to this end.
Competing With FMCG Giants: Three Romanian Entrepreneurs Built A Liquid Detergent Plant
Three Romanians have invested about EUR1 million in a liquid detergent plant in Prahova County (southern Romania). 70%percent of the money used to build the facility came from the European U...
Real Estate Developer Has Plans For Romanian Farmland, Vineyard And Woodland
One of the shareholders of real estate company S+B Gruppe, the developer of the Pipera Business Tower office building, owns 700 ha of farmland in the Oltenia area and has tapped the wine mar...