Retail&Consumer
September, Best Month For Brewers
Beer sales rose 14% in September 2011 compared with the same interval a year ago, making it the best month in 2011, reveal ZF calculations based on data from the National Statistics Institut...
Dairy Maker Prodlacta Brasov Enters Insolvency
Romanian dairy maker Prodlacta Brasov (PRAE.RO) has entered into insolvency proceedings after a local court approved in November the request filed by the company’s legal administrators.
Romania, Turkey To Sign Declaration For Strategic Partnership
Romania and Turkey will sign a declaration for a strategic partnership targeting cooperation between the two countries in the economic, military, and energy sectors, and the fight against te...
First Days Of December In Retail: No Clear Indication Yet
The first days of December, the best month for consumer spending of the entire year were different for the retailers operating on the local market. Retailer Profi announced lower sales than...
Tnuva Decides To Call It Quits
Israeli dairy company Tnuva has decided to withdraw from the Romanian market after a reevaluation of its operations, considering it has accumulated EUR85 million in losses since entering it...
Ceramic Tile Market Nears Maturity As Sales Through DIY Chains Rise
Bulgarian ceramic tile maker KAI Grup controlled by U.S. private equity firm Advent International, sees the market up by 5% to 10% in 2012. It would thus rebound from the slight decline in v...
French Retailer Leclerc Might Enter Romanian Market Next Year
French retailer Leclerc might enter the Romanian market next year and the first local Leclerc hypermarket might be built in Bucharest, on a plot sold this year by chemicals maker Chimopar to...
IMF Calls On Romanian Government To Eliminate Requirements For Opening Hypermarkets
The International Monetary Fund and the European Commission called on the Romanian Government again to eliminate restrictions for opening large retail stores, as the country failed to observ...
Alpha Bank, Raiffeisen Extend Credit Granted To Romanian Titan
Lenders Alpha Bank and Raiffeisen Bank Romania extended two credit facilities worth 25 million lei (EUR5.76 million) and EUR18 million respectively, contracted by bread maker and miller Tita...