Retail&Consumer
ATM Cash Withdrawals Were 20% Higher In The Run-Up To Christmas
Cash withdrawals from ATM machines ahead of the holidays indicate a rebound of consumption.
Romanians Spent EUR15M For New Year Break In Local Resorts
Romanians who celebrated the New Year in local resorts spent about EUR15 million, down 17% compared with 2010, and the sum paid by those who welcomed in the new year abroad decreased by one...
Orkla Foods Romania Takes Over Bucharest-Based FDS
Foods maker Orkla Foods Romania (OFR) on Tuesday announced it has taken over Bucharest-based distributor maker Food Distribution Services (FDS).
Gorenje Sees Sales At EUR12M In 2011, Expects Slight Market Growth In 2012
Slovenian-held home appliances maker Gorenje, which has been operating in Romania for a decade now, posted about EUR12 million in net revenues in 2011 and expects 7% growth this year.
Foreign Networks Continue To Expand In Anticipation Of Consumer Spending Rebound
The year 2012 will see investments of tens of millions of euros of foreign supermarket and apparel retail chains continue. It may also be the year when UK’s Tesco arrives, a scenario specula...
Romania Records Best Wheat, Corn And Sunflower Crops In Five Years
The good weather conditions in 2011 helped wheat, corn, and sunflower crops increase by up to 30% to the highest level in five years.
Bucharest Remains A Magnet For Mall Developers
The mall market in Bucharest could resume strong growth next year when developers of six new projects with over 300,000 square meters of floor space plan to begin construction works. This wo...
Cigarettes Make Up Almost Half Of Traditional Retail’s Revenue
The bulk of the revenue of traditional retailers in Romania, almost 46%, comes from sales of cigarettes. Non-food consumer goods except cigarettes account for merely 7.6% in the sales, which...
Titan Supplies McDonald’s Buns To Several European Countries
Titan (MPN.RO), one of the largest players in the Romanian bakery industry, has become a supplier of buns for fast-food giant McDonald’s to several European countries. Titan currently delive...