Retail&Consumer
Ambient: Insolvency Was An Option, But We Didn't Take It
Ambient Sibiu, one of the biggest Romanian businesses in retail and distribution of construction materials, even considered insolvency following the collapse of sales and the losses it poste...
Reverse Taxation Might Reduce Romanian Illegal Cereal Trade – Producers
Applying reverse taxation on cereal and plants with industrial use in Romania might halve the local cereal black market, estimated at EUR1.4 billion, if the move is followed by a set of othe...
INS: Adjusted Retail Sales Down 1.8% On Month In April
Romanian adjusted retail sales fell 1.8% in April compared with a month earlier, on falling consumption in most sectors, the statistics institute INS said Friday.
Sorana Georgia Becomes First Female CEO Of Top Ten Food Retailer In Romania
Sorana Georgia, 46, was named chief executive officer of Billa supermarket network, part of Germany’s Rewe, becoming thus the first Romanian woman to run the operations of a top ten food ret...
Spar Romania Sales Drop 46% YY In 2010, To EUR10M
Dutch retailer Spar posted sales of EUR10 million in Romania in 2010, down 46% from EUR18.4 million in 2009, as store numbers halved.
Organic Food Market Seen Up 20% This Year
Romania's organic farming product market could grow this year by 20%, from EUR45-50 million in 2010, thanks to higher demand, said Marian Cioceanu, head of the "Bio Romania" association of o...
Billa Posts EUR290M Turnover, Continues Expansion
Billa, the largest supermarket chain on the Romanian market in terms of turnover, part of the Rewe group, ended last year with a EUR290 million turnover, close to the 2009 level.
Retailers Still Open Stores Despite Consumer Spending Decline
The domestic retail market, valued at EUR16 billion, will continue to grow in the next ten years by 62% from the 2010 level and is set to reach a value of around EUR26 billion by late 2020.
Romania’s FMCG Market To Enter Slow Upward Trend - Study
Romania’s fast moving consumer goods (FMCG) market will start widening by 5% per year, despite having shrank by 29% over the past two years, to EUR16 billion in 2010, according to a study by...