Lidl Opens More Than 30 Stores in 2020
12.16.2020
German discount grocery retailer Lidl has opened 33 stores, either built from scratch or relocated this year, nearing 300 stores in Romania. It will continue expansion in 2021, as well.
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Inditex Group Sees 23% Increase In Pre-tax Profit In Romania In 2023
yesterday, 22:21
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted... more
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Cristina Pîrjol Takes The Helm Of Fashion Days Starting With April 1, 2024
03.12.2024
Cristina Pîrjol, Commercial Director Selection for over eight years within Fashion Days, the largest online fashion retailer in Romania, will take... more
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Leroy Merlin Leases Two Retail Spaces In Bucharest From Austria's Supernova
03.12.2024
Leroy Merlin, the second-largest DIY retailer in Romania by revenue, leased two retail spaces in Bucharest with a combined area of 21,000 sqm from... more
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La Mama Restaurant Chain Set To Resume Expansion In 2024
02.28.2024
La Mama restaurant chain, started by entrepreneur Catalin Mahu 25 years ago, plans to resume expansion in 2024 and open two new units, within... more
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Cushman & Wakefield: Bucharest Hotel Market Continues Post-Pandemic Recovery
02.27.2024
While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in... more
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Pepco Could End 2024 With 500 Stores If Expansion Continues At Same Pace
02.23.2024
Fashion discount store chain Pepco, Romania's leading fashion retailer by sales in 2022, according to the latest public data, could end the year... more
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Kaufland Opens Fifth Store In Constanta, Grows To 175 Hypermarkets In Romania
02.23.2024
German-held retailer Kaufland has opened its fifth store in Constanta, bringing its network to 175 stores in Romania. more
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Online Retailer Elefant Files For Insolvency
01.31.2024
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with... more
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Flanco Sees Record Sales In 2023
01.30.2024
Flanco, the second largest actor in Romanian computer and electronics retail, achieved record sales of RON1.275 billion last year, 20% higher than... more
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MerchantPro Report: Romania's E-Commerce Market Seen Keeping Upward Trend In 2024
01.30.2024
Fueled by access to digitalization and increased income of the young population and digital natives, Romania's e-commerce market is expected to... more
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Analysis: Romania's Media Retail Market Seen Overshooting EUR10M In 2024
01.30.2024
Romania's media retail market is expected to exceed EUR10 million in 2024, which would translate into an increase of over 30% compared to the... more
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Specialty Café Chain Boiler Opens Seventh Coffee Shop
01.26.2024
Specialty café chain Boiler has reached seven stores in Bucharest after the company opened a new one in the Casa Presei Libere area, a... more
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Bookstore Chain Carturesti Ends 2023 With EUR75M Sales
01.25.2024
Bookstore chain Carturesti ended last year with EUR75 million sales, an increase of 25% on the EUR60 million of 2022, its officials said. more
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Vitantis Shopping Center To Reach 100% Occupancy Soon
01.22.2024
Vitantis Shopping Center in Bucharest will get new tenants soon and reach 100% occupancy rate. This is the project that got the highest investment... more
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eMag Launches Shop-In-Shop For Pet Products
01.22.2024
Online retailer eMAG is launching a new online shop-in-shop, which is dedicated to pet products and groups more than 75,000 products from the... more
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Mega Image Almost Halts Expansion In 2023, When Parent Group Announced Acquisition Of Rival Profi
01.19.2024
Retailer Mega Image, held by Belgian-Dutch group Ahold Delhaize, significantly slowed down expansion in Romania in 2023, the year when its parent... more
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Lensa Gets Chief Commercial And Acquisition Officer From Carrefour
01.19.2024
Lensa, one of the leading actors on the eyewear market in Romania, has recruited executive Gabriel Cubatov as chief commercial & acquisition officer. more
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Farmacia Tei And Bebe Tei Expand To ElectroPutere Mall In Craiova
01.18.2024
Tei Group, which owns Farmacia Tei and Bebe Tei retail chains, has rented about 2,400 square meters in ElectroPutere Mall in Craiova, held by... more
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5 to go Eyes 25% Turnover Increase In 2024, To EUR50M
01.17.2024
Local café network 5 to go aims to reach a total 650 units and a 25% annual increase in turnover, to EUR50 million, at the end of 2024. more
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Farmacia Tei And Bebe Tei Post Almost RON1.9B Sales In 2023
01.16.2024
Farmacia Tei pharmacy chain will add new stores in Brasov, Craiova, Bucharest’s Sector 4 and Focsani along with Bebe Tei, its officials say. more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.