Retail&Consumer
Owners Of Online Retailer Fungift.Ro Sell 80% Of Stock
Marius Cristian Ciocan and Laura Ciocan, owners of online retailer Fungift.ro, set up in 2006, sold 80% of the stock they hold in the company in late June to a company registered in Belgium,...
Lidl Comes With New Business Model: Private Labels Fill Store Shelves
Lidl, the German discount-type network that has embarked upon the most extensive foray in Romanian retail, has also brought a new business model. The retailer that currently operates around...
Macro Network Opens Four New Stores In EUR2M Investment
The Mercadia Holland BV group, owned by Romanian businessman Dinu Patriciu, will invest EUR2 million in four new Macro stores, the company said Wednesday.
CBRE: Romania 1H Retail Space Deliveries Fall To 8-Year Low
Romanian property investors delivered 37,000 square meters of retail area in the first half of the year, the lowest level since 2003, a report from CB Richard Ellis (CBRE) showed Wednesday.
Perla Harghitei Targets Sales Of EUR20M
Dietrich Szilard, deputy general manager with Perla Harghitei, one of the largest mineral water bottlers domestically, says the turnover advance, by around 15% according to ZF calculations,...
ArcelorMittal Roman Board Members Accused Of Closing Bad In-House Deals
Steel pipe maker ArcelorMittal Roman (PTRO.RO) will discuss a request to dismiss all board members who hold positions at other companies in the group, after a minority stockholder accused th...
Burcea Looking To Sell 80% Stake In Paralela 45
Businessman Alin Burcea, owner of tour operator Paralela 45, wants to sell up to 80% of his shares to a “big” investor, Burcea told MEDIAFAX Tuesday.
China Town Romania Opens EUR27M Shopping Center Near Bucharest
China Town Romania, owned by Chinese investors, opened a shopping center Tuesday in Afumati, near capital Bucharest, following a EUR27 million investment.
Bergenbier: Beer Sales Decline To Slow Down In 2011
Romanian brewer Bergenbier estimates the local beer market will continue to decrease in 2011, but the pace will slow down to single-digit figures, general manager Jens Hoesel said Tuesday.