Retail&Consumer
Paul Bakeries Sold EUR3.3M Worth Of Bread And Croissants In 2011
Each bakery of the French Paul chain sold bread, sweets and pastry products worth about EUR1.1 million last year, that is EUR3,000 every day, considering the average cash receipt stands at E...
La Fantana To Be Put Up For Sale - Sources
Poland-based investment fund Innova Capital plans to sell its 92% stake in Romanian bottled water wholesaler La Fantana sometime this year, market sources said Wednesday.
Eximtur Sales Rise 18% To EUR32M In 2011
Romania’s second largest tourism agency Eximtur Cluj Tuesday reported an 18% increase in its sales to over EUR32 million in 2011, mainly boosted by higher revenue from business tourism and o...
Alfred C. Toepfer Makes First Greenfield Investment In Romania
Alfred C. Toepfer, one of the most powerful grain traders in Romania, is investing EUR6 million in Moldova Noua (SW of the country) where it will build its first greenfield project, a silo a...
Romanian Fashion Stores Crushed By Aggressiveness Of Foreign Brands. House Of Art, The Latest Victim
Staff Collection, the company operating the House of Art stores, and Corssa (Fox stores) have recently gone insolvent, thus adding two more names to the list of the local fashion companies ‘...
Sarantis Expects 11% Growth In 2012
Sarantis, the owner of cosmetics producer Elmiplant, has budgeted growth of 11% compared with 2011, to 178 million lei (EUR41.5 million at an exchange rate of RON4.3 to the euro).
January: Good For Furniture Industry And Private Clinics, Uncertain For Retail, Weak For Restaurants
The street protests of the past couple of weeks and the bad weather have been felt in companies’ accounts, but only for a few days, without significantly affecting full-month results.
Gorenje Opens Online Store, Expects To Rake In EUR1M In Sales
Slovenian home appliances maker Gorenje, which has been operating in Romania for almost a decade now, opened an online store about a month ago, and expects it to generate EUR0.5-EUR1 million...
Most Active Real Estate Investor Bet EUR250M On Romania During Crisis
The most active real estate investor in the last three years, South-African investment fund NEPI (New Europe Property Investments), bet EUR250 million on Romania at a time when many foreign...