Retail&Consumer
Prodvinalco: Spirits Market At Its Lowest In A Decade
Spirits producer Prodvinalco saw its net sales (excise duties excluded) down by 2% compared with the same period of last year, to 8.2 million lei (EUR2 million), VAT not included. The compan...
Assets of Bakery Firm Spicul Auctioned Off For RON40M
A court-appointed executor will sell assets of Romanian bread maker Spicul, including a plant and a warehouse, at a starting price of 39.7 million lei (EUR9.5 million) next week, according t...
Lactalis: LaDorna Has Been Growing Since Takeover
Lactalis, which in 2008 acquired control of LaDorna, one of the best-known local dairy brands, says the Romanian business has grown each year. The French group also say they have no plans to...
Transavia Mulls Up To EUR13M Investments In 2011
Poultry meat processor Transavia plans to invest between EUR10 million and EUR13 million in upgrades this year, general manager Ioan Popa said Thursday.
H&M To Open Store In Constanta; Rents 1,800 Sqm In Maritimo Shopping Center
Swedish clothing retailer H&M will launch this fall a store in southeastern Romanian city Constanta, in the Maritimo Shopping Center developed by Austrian investment company Immofinanz.
Agriculture Ministry Sends New Reverse Taxation Proposition To Finance Ministry
The Romanian Agriculture Ministry has sent a proposition to apply reverse taxation on fruit and vegetables to the Finance Ministry, after Romania has already been permitted to implement this...
Online Payments In Romania Up 18% In 1H, To EUR80.5M
E-commerce using online card payments in Romania has grown 18% in the first half of the year, from the same period a year ago, to EUR80.5 million, and the number of processed transactions in...
BCR Provides EUR31M Loan To Prio Extractie
Romanian top lender Banca Comerciala Romana, or BCR, provided a loan of EUR31 million to edible oil processor Prio Extractie to co-finance the latter’s working capital, BCR said in a stateme...
Ursus Breweries Launches Revamped Beer Plant In Cluj-Napoca
Romanian beer maker Ursus Breweries, part of the SABMiller group, on Thursday said it has resumed beer production at its Cluj-Napoca plant, using a mini-plant set up in the former unit, whic...