Retail&Consumer
Coca-Cola Replaces Pepsi In KFC And Pizza Hut Restaurants
KFC, Pizza Hut and PHD restaurant networks in Romania, controlled by local businessman Gabriel Popoviciu, have sealed a contract with Coca-Cola HBC Romania under which the soft drinks bottle...
EBRD To Lead EUR210M Syndicated Loan For Belgian Louis Delhaize
The European Bank for Reconstruction and Development Wednesday announced it will extend a syndicated loan worth up to EUR210 million to Belgian retailer Louis Delhaize Group, for the constru...
Businessman Dinu Patriciu Files For Insolvency Of Mic.ro
Romanian businessman Dinu Patriciu on Tuesday filed for the insolvency of his Mic.ro Retail company and the court date was set for Thursday, February 16.
Home Appliances And IT Market Up 10% Last Year, Rise Is Set To Continue
Romanians spent EUR60 on average on electronics, home appliances and IT products last year, ten times less than Germans, six times less than Austrians and four times less than Czechs, accord...
Electroarges 2011Net Profit Slips To RON7.26M
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) Tuesday said its net profit slid 4.1% to 7.26 million lei (EUR1.67 million) in 2011, on higher costs.
Flanco 2011 Sales At EUR110M, Up 37% On Year
Romanian electronics retailer Flanco on Tuesday said it has posted sales of EUR110 million in 2011, up 37.5% on the year, while the operating profit reached EUR3.5 million.
Farmec Cluj-Napoca Reports RON111M Sales For 2011, Up 16% On Year
Romanian cosmetics maker Farmec Cluj-Napoca on Tuesday reported a 15.6% year-on-year increase in its 2011 sales, to 110.9 million lei (EUR26.2 million).
Lidl Gets EUR50M Loan For Stores In Small Towns
German retailer Lidl has secured a EUR50 million loan from the International Finance Corporation (IFC), the private investment division of the World Bank, to finance its expansion in Romania...
Profi Reports 29% Higher Sales For 2011, At EUR214.5M
Romanian retailer Profi, owned by private equity firm Enterprise Investors, posted sales of EUR214.5 million for 2011, up 29% on the year, company CEO Pawel Musial told a news conference Mon...