Retail&Consumer
Luca Pretzel Shop Operator Tinervis Group Sees Profit Down 5% To RON18.1M In 2020
Tinervis Group, the operator of the Luca pretzel shop chain, posted RON124.5 million (EUR25.8 million) sales in 2020, about 7% lower than the RON133.8 million (EUR28.2 million) of 2019, Fina...
Catinvest Continues Expansion Of Electroputere Parc Project In Craiova
French real estate group Catinvest continues the expansion of the Electroputere Parc shopping center in Romania’s southern city of Craiova along with the inauguration of a mixed-use building...
Consumers In Bucharest Spend RON18B In Modern Grocery Retail Stores a Year
Modern retail stores in Bucharest generated sales of RON16.6 billion to RON18 billion or 22% to 24% of the total sales of the ten international networks in the country last year, ZF has foun...
Philip Morris Set To Invest Over $100M In Its Factory In Otopeni In 2022-2023 Period
Philip Morris International (PMI) continues investments to convert its cigarette factory in Otopeni, near capital Bucharest, to produce consumables for its heat-not-burn product IQOS, a toba...
Computer And Electronics Retailer Altex Expects Higher Growth in 2021
Computer and electronics retailer Altex will end 2021 with higher growth in sales than 24% of last year.
JYSK Opens New Store In Baia Mare On Oct 28; Reaches 108 Units In Romania
Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in the city of Baia Mare, on Thursday (October 28), reaching a 108-unit net...
Real Estate Developer Hexagon Builds Mixed-Use Compound On Policolor Platform in Bucharest
Real estate developer Hexagon, based in Cluj-Napoca and held by Florin Maris and Raul Ciurtin, is building a mixed-use compound on the Policolor platform in capital city Bucharest, with a su...
eMAG Ventures Unveils Its First Investment: EUR1.5M In Startup Flip.ro
eMAG Ventures, the investment fund created by eMAG – leader on the Romanian online retail market, with a strong foothold in the region too, has announced its first investment, of EUR1.5 mill...
Big Retailers Bet on Small Entrepreneurs
In a period when small entrepreneurs were among those who needed support the most, it was not just e-commerce that has come to the rescue. In the domestic retail market there have also been...