Retail&Consumer
Romanian Te Rox Prod Invests EUR7.2M To Export Child Seats
Romanian child seatbelt maker Te Rox Prod on Monday said it plans to make and export child seats under its own brand, following an investment of EUR7.2 million in a production unit.
Tourists Refunded In 15 Days In Case Of Tour Operator Bankruptcy - Bill
Romanian tourism association ANAT will propose a bill whereby tourists must be refunded within 15 days in case of the tour operator's bankruptcy.
Bucharest Radisson Blu's Owner Borrows EUR71.5M To Refinance Debts
Romanian hotel operator Bucuresti Turism (BUTU.RO) has accessed a EUR71.5 million loan from Raiffeisen Bank International to refinance outstanding debts and repay a loan granted by its major...
Hypermarket Construction Sites Reemerge In Bucharest
Hypermarket networks are resuming expansion in Bucharest as well, with Carrefour, Cora and Kaufland having units under construction in Chitila, Rahova and Vitan districts. There were no new...
Gary Whitlie Leaves Ursus After 16 Months At The Helm
Gary Whitlie, president of Ursus Breweries, the largest beer producer by turnover, will step down in November after just one year and four months, while withdrawing from professional activit...
Romania, Still Laggard In Terms Of Wine Exports
Romania ranks 32nd in the world by wine exports, which are less than 0.1 million hectoliters, according to data provided by the International Organization of Vine and Wine, behind neighborin...
First Good Signals On Book Market, Although Growth Is Not Spectacular
After two years in which both publishers and bookshops felt the full effects of the economic crisis, the book market is showing the first signs of recovery.
Mihai Anghel Gets EUR2.5M From BCR To Buy Farming Land
Mihai Anghel, owner of Cerealcom Dolj and Oltyre, agricultural businesses worth EUR60 million and EUR11.4 million respectively, got a EUR2.5 million loan from BCR bank to buy land.
Baumax Disappointed With Performance Of Bucharest Stores
Austrian DIY network BauMax, with EUR132 million in sales last year, is currently building its second store in Cluj and is set to start work on a store in Oradea by yearend, after the stores...