Retail&Consumer
Benevo Capital Buys Plot In Bucharest For Retail Park
Canadian-owned Benevo Capital Tuesday said it has paid EUR23 million for a plot of land belonging to power equipment maker Vulcan (VULC.RO), a company owned by Romanian businessman Ovidiu Te...
Ali Ergun Ergen Returns As CEO To Anchor Grup To Help Bucharest’s First Two Malls Back Up
Ali Ergun Ergen, who ran the Baneasa shopping center in northern Bucharest until the end of last year, has been appointed chief executive officer of Anchor Grup again. He was Anchor’s CEO du...
Vlad, Selgros: There Are Three Romanias - Villages, Cities And Bucharest
Alexandru Vlad, the chief executive of the local operations of cash&carry retailer Selgros, a EUR766 million business, says that Romania is divided into three distinct "countries," each of t...
New Management Changes At Ursus
Ursus Breweries, the largest local company on the beer market by sales in 2010, has appointed Romanian Mihai Barsan as vice-president of marketing.
Mega Image, Lidl And Profi Step Up Expansion, Plan To Open 170 Stores For 2012
Retailers Lidl, Mega Image and Profi will invest EUR120 to EUR150 million this year, according to ZF estimates. The money will be used to open about 170 stores on the local market, thus sett...
Discount Chains Now Cover All Counties Of Romania
The discounter store sector has successfully covered all the counties of the Romania with just two companies, Penny Market and Lidl.
Cold Snap And Blizzard Disrupt Romania, Make Retailers Feel Like It’s Christmas All Over Again
Romania is battling extreme temperatures and the southeast region is disrupted by the blizzard. Schools are closed, dozens of roads are blocked and some domestic flights have been cancelled....
Arctic To Widen Production At Gaesti Plant
Romanian household appliance maker Arctic, owned by Turkish group Arcelik, will build a new production line, which would boost exports, the Romanian government said Friday in a news release.
Lidl To Widen Its Romania Network To Over 200 Units In 2012
German retailer Lidl plans to widen this year its Romanian network of stores to 200 units, from 134, with an investment of EUR1 million in each store, Friday said Alin Trnobranschy, south Ro...