Retail&Consumer
7,000 Individual Farmers Own 8% Of Romania’s Arable Land
Almost 7,000 individual farmers together exploit 700,000 hectares of land, i.e. 8% of the arable land in Romania, according to data of the Agriculture Ministry. The business done by these pe...
Dairy Maker Olympus Romania Borrows EUR30M From Black Sea Bank
Greek dairy maker Olympus on Wednesday announced it has taken out a EUR30 million loan from Black Sea Trade and Development Bank (BSTDB), with a seven-year timeframe, to increase export capa...
IKEA’s CEO Advises Entrepreneurs To Think Globally
Mikael Ohlsson, the chief executive officer of IKEA, world’s largest furniture company, says he is in no hurry to open the next store in Romania and prefers to do things step by step, as IKE...
Head Of McDonald’s Romania Bets On Higher Customer Numbers For Growth
McDonald’s, leader of the restaurant market in Romania, bets on a return to growth this year after its business had been flat in 2011.
Leonardo Expects EUR72M Sales, Similar To 2011
Leonardo, the largest local footwear and leather items retailer, which went insolvent in the second half of 2009, sold more than 4 million pairs of shoes at an average price of EUR18/each la...
Metro Romania Manager Leaves Group For New Career
Delia Nica, vice-president of retailer association AMRCR, left the management team of the Metro group to pursue activity in corporate communication and crisis management.
Network One Distribution Posts EUR200M Turnover In 2011, Up 38% On Year
Romanian Network One Distribution (NOD, former Asesoft Distribution) Monday reported a turnover of EUR200 million for 2011, up 38% on the year.
Romanian Trade Gap Widens To EUR463M In January
Romania’s trade deficit widened to EUR462.8 million in January, from EUR211.3 million in the year-earlier month, the country’s statistics institute INS said Monday.
Sparkling Wine Producer Angelli Doubled Exports In 2011, Eyes New Markets
Alcoholic beverage producer Angelli doubled exports last year and sold 8 million bottles, the same as in 2010. The company wants to tap new markets this year.