Retail&Consumer
De'Longhi To Acquire Nokia Facility In Romania
Household appliances producer De'Longhi will buy the Nokia factory in Cluj, Romania, having signed an agreement to this end with the Finnish communications company.
Philip Morris Invests EUR1M To Upgrade Cigarette Factory Near Bucharest
Philip Morris Romania, one of the top three cigarette producers in Romania, said it is investing EUR1 million to upgrade its production facility in Otopeni, near capital Bucharest.
Agricola Bacau 2011 Sales Up 22% On Year To RON508.5M
Romanian agri-food group Agricola Bacau Tuesday said its sales rose 22% on the year to 508.5 million lei (EUR119 million) in 2011, fueled by a 20% increase in the turnover reported by its ma...
Head Of Avon: Instability Is Hurting Business The Most
Razvan Diratian, commercial manager of Avon for Romania and the Republic of Moldova, says 2011 was the most difficult year in recent history for Romanian business, not necessarily because of...
Private Labels Might Contribute 20% Of Profi’s Sales By Yearend
Pawel Musial, chief executive of store network Profi held by private equity firm Enterprise Investors, says that private labels could come to account for 20% of the company’s sales by the en...
Fashion Retailers Come And Go In Romania, Triaged By The Crisis
Nobody knows which came first, but we know the latest ones to leave. Esprit, Etam and Celio join the ranks of fashion retailers leaving the local market. They are not the only ones, but they...
Italian Group De Longhi Might Replace Nokia At Jucu
Italian home appliances manufacturer De Longhi, with global revenues of over EUR1.6 billion and 7,083 employees in 2010, is in advanced talks with representatives of the Cluj County Council...
Agricola Bacau Targets 10% Growth, Half As Much As Last Year
Agricola Bacau, one of the largest players on the local poultry meat market, targets a 10% increase in turnover this year, half as much as 2011’s growth rate.
Shattered Confidence Of Romania's Young Generation: Number Of Weddings At Record Low
Romanians have lost their confidence in the economy and about their future in the Eastern European country, statistics show: only 105,000 marriages were registered in 2011, almost half of th...