Retail&Consumer
Raiffeisen Bank International Funds Promenada Mall With EUR95.5M
Raiffeisen Bank International will fund the Promenada Mall project in northern Bucharest with EUR95.5 million, according to Raiffeisen evolution, developer of the shopping center.
Tnuva Romania Files For Insolvency
Dairy maker Tnuva Romania, part of Israeli group Tnuva, filed for insolvency on January 6, reportedly because of piling up losses.
Mega Image Begins 2012 With Three Store Openings
Mega Image, the Belgian-owned retailer that owns the supermarket chain by the same name and the Shop & Go convenience stores on the Romanian market, will open three new stores in Bucharest e...
Danone Romania Names Anca Stroe As Marketing Director
Dairy processor Danone Romania on Monday said it has appointed Anca Stroe as marketing director and member of the Board of Directors.
Epstein Expands Star Foods' Warehouse In Bucharest
Snacks maker Star Foods has started construction of a EUR2.5 million storage unit in southern Bucharest, according to a news release by project designer and constructor Epstein Architecture...
Roche Heads Towards First Billion Lei Driven By 5% Growth
Roche Romania estimates to have ended 2011 with approximately 900 million lei (EUR207 million) in sales, while the 2012 budget is conservative, built in lei around expectations of growth.
Baneasa Shopping City Collects EUR1.5M Per Month From 200 Stores
Baneasa Shopping City, the mall in northern Bucharest controlled by Romanian businessman Gabriel Popoviciu, collects some EUR1.5 million per month from rents out of 200 retail spaces, revenu...
INS: Romania November Adjusted Retail Sales Down 1% On Month
Romanian adjusted retail sales fell 1% in November compared with a month earlier, on lower food product sales, the statistics institute INS said Friday.
Romania’s Competition Council Issued Fines Worth EUR83.5M In 2011
The Romanian competition council applied fines worth a total EUR83.5 million in 2011, representing 80% of all fines issued by the institution in its 14 years of activity, Thursday said Bogda...