Retail&Consumer
Romanians Spent EUR140m In Fast-Food Restaurants Last Year
Romanians spent about EUR140 million in fast-food restaurants (McDonald’s, KFC and Burger King) on the local market last year, EUR3 million more than in 2009.
Zara Registered Four Times Higher Profit Than Tina R’s Sales Last Year
The stores of Spanish-held retailer Zara, the best-selling apparel brand in Romania, last year generated profit worth EUR11.5 million, more than four times higher than the sales registered b...
Clothing Retailer New Look Plans To Invest EUR10M In Romania In Medium Term
British clothing retailer New Look on Friday said it plans to invest some EUR10 million in Romania, over the next 5-8 years, to launch 20 stores, including four units set for launch this yea...
Romania’s First Mall Remains Most Profitable Shopping Center Business
Twelve years after opening, Bucuresti Mall continues to generate annual revenue equaling 30% of the investments involved in the project.
Beer Sales Resume Growth, Climb 0.9% In 1H
Beer sales resumed growth in the first six months of this year, up 0.9% compared to 2010, after a tentative start to the year, reveals a ZF analysis based on data provided by the National St...
Udrea: Government Considers Reducing VAT On Tourism Industry Food To 9%
Romania’s Tourism Minister Elena Udrea said Thursday the Government considers reducing to 9% the value added tax on foods served in tourism industry units.
Online Retailer eMag 1H Sales Rise 52% To EUR62M
Romanian IT&C online retailer eMag Thursday reported a 52% increase in its first-half sales to EUR62 million, helped by new portfolio additions and an overall growth in the local online mark...
2010 Was The Best Year Ever For Grain Traders
Cargill, Alfred C. Toepfer, Ameropa and Nidera, four of the largest grain traders operating in Romania, had their best year ever in 2010, as their local business went up by as much as 200%....
kika Enters IKEA And Mobexpert Turf
Austrian-held furniture and home furnishings retailer kika, which operates a store in western Bucharest, plans to open a store in Baneasa. The new store in the northern area of the capital c...