Retail&Consumer
Gaps Between Romania And Western Europe May Become Growth Drivers
Romania is at the bottom of the European Union rankings by gross domestic product, gross domestic product per capita or average wage. These are but the most obvious of the rankings, though....
Franke Expects 5% Higher Sales, Plans To Open Nine Showrooms
Kitchen systems maker Franke sees this year’s growth on the Romanian market at 5%, after its sales stagnated at about EUR10 million in 2011.
Mobexpert Owner Dan Sucu Sees Market Stabilizing This Year
Dan Sucu, the owner of Mobexpert, the largest Romanian furniture business, says his best-case scenario projects growth of 12% this year. In 2011, the group sales rose 3%, in line with initia...
Rapeseed To Overshoot EUR500/Ton Mark, Wheat Price Unlikely To Rise
Last fall’s drought has already compromised the better part of Romania's rapeseed crops and there is reason to worry about the wheat crop, too.
Iulian Stanciu And Sebastian Ghita Buy Another 30% Of eMag
Bogdan Vlad and Dan Teodosescu, two of the founders of eMag, the largest online retailer in Romania, sold all of their remaining shares, about 30%, to the majority shareholder, Asesoft Distr...
Real4You Gets OK For Bucharest Mall Construction
Real estate developer Real4You Group on Monday said it has obtained urbanism authorizations for the MegaMall project is planning in Bucharest and it has concluded rental contracts for 20% of...
Morarus Expect 50% Growth For Azuga Waters Business
Violeta Moraru, who together with husband Valerii Moraru controls mineral waters business Azuga Waters, says she expects a 50% growth for the company's sales this year, after a doubling in 2...
Wheat Price Up 5% In Past Month
The price of wheat rose 5% between December 21, 2011 and January 11, 2012 to EUR176/ton, according to data from the Ministry of Agriculture and Rural Development (MADR). However, the current...
Hypermarket Chains Have Opened 135 Stores In Romania In 11 Years
The five retailers that operate on the Romanian hypermarket segment currently have 135 stores, which generate turnover of over EUR3.5 billion.