Retail&Consumer
TotalSoft: Contract With Mic.Ro Worth Several Million Euros
The contract whereby software developer TotalSoft became in June 2010 the provider of the entire IT infrastructure used by the Mic.ro minimarket store chain developed by local tycoon Dinu Pa...
Smithfield Foods Sales In Romania Up 24% To $57.6M In 1Q
US pork producer and processor Smithfield Foods Monday reported a 24% increase in Romanian sales to $57.6 million in the first fiscal quarter, from $46.6 million in the year-earlier period.
Nestle Sees Market Share Up To Over 23% On Ice Cream Segment
Nestle, leader on the Romanian ice cream market, says a new demand trend is arousing: products that can be eaten at home are gaining ground, as customers are beginning to see ice cream as a...
Szarvadi, Domo: September Is Key To Our Q4 Direction
Lorand Szarvadi, the chief executive and minority shareholder of home appliance retailer Domo, expects September to be a decisive month for the fourth quarter budget plans.
Mall Developers Beat Crisis, Open EUR500M Projects
This fall will be the best of the last three years for the shopping centers' market: seven new malls with a lettable area of 300,000 square meters are due to open.
AT Kearney: Romanians' Spending On Cigarettes, Alcohol, Food Increased During Crisis
The share of cigarettes, alcohol, food and drink in Romanians' consumption expenses increased during the crisis, while that of furnishings for the home, clothing and communication decreased,...
Businesses Owned By Nelu Iordache Expect EUR500M Turnover In 2011
The group of companies owned by businessman Nelu Iordache, which includes lowcost airline Blue Air and construction firm Romstrade, expects sales to reach some EUR500 million this year, comp...
EBRD Considers Lending EUR210M To Cora Expansion In Romania
The European Bank for Reconstruction and Development, or EBRD, on Thursday said it is considering granting a loan of EUR210 million to the Louis Delhaize Group, for the expansion of its Cora...
Carrefour To Open Three Stores By Yearend
French retailer Carrefour, the third largest company in modern retail, with turnover of around EUR1.1 billion last year, could open three hypermarkets this year, in Deva, Botosani and Buchar...