GfK: Romania Durable Goods Market Up 13% On Year To EUR3.4B In 2018
02.14.2019
The Romanian durable goods market rose 13% year-on-year to EUR3.4 billion in 2018, according to a GfK TEMAX survey.
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Survey: Romania eCommerce Market Seen Up 30% In 2019 On Improved Consumer Confidence And Purchasing Power 03.21.2019
The electronic commerce (eCommerce) market in Romania is expected to grow nearly 30% in 2019, against the backdrop of improved consumer confidence... more
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eMAG Hungary Merges with Extreme Digital, Targets EUR1B Sales in Six Years 03.21.2019
Online retailer eMAG Hungary announced Thursday it was merging with Extreme Digital, which expands eMAG's business to five more countries: Czech... more
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Kingfisher Seeks Consolidation This Year, Eyes Future Expansion 03.20.2019
UK's Kingfisher, owner of DIY retailers Brico Dépôt and Praktiker, seeks to consolidate its business this year and considers expansion in the... more
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Mega Image Set to Hire 1,100 People to Keep Up with Expansion 03.20.2019
Retailer Mega Image, which has grown to more than 670 stores in Romania, has about 1,170 jobs available at the moment, most of them for cashiers,... more
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Omer Susli, Homelux Retail Chain Owner: I Don’t Fall in Love with a Business 03.19.2019
Businessman Omer Susli, who sold the DIY retailer Praktiker to UK’s Kingfisher, is getting ready to open a Homelux store in Bucharest, as part of... more
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Premier Capital, Development Partner Of McDonald’s, To Open 13 New Restaurants In 2019 03.18.2019
Maltese company Premier Capital, the development partner of McDonald’s in six European countries, opened ten restaurants in 2018 and plans to... more
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3 Sqm of Mall Space for Each Person in Bucharest 03.18.2019
The ten largest shopping centers in Bucharest have a surface area of almost 600,000 square meters and about 1,500 stores, ZF has calculated from... more
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Hervis Set to Open 10 Stores in 2019 03.18.2019
Sporting goods retail chain Hervis will open ten stores this year, after having inaugurated seven in 2018. The retailer will therefore end 2019... more
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Coffee Shop Chain 5 to go Opens Group’s Largest Unit, In Downtown Bucharest 03.14.2019
Coffee shop chain 5 to go, a franchise developed by Radu Savopol and Lucian Badila, has opened the group’s largest unit, in downtown Bucharest,... more
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Mega Image Buys Zanfir Supermarket Chain 03.14.2019
Belgian-Dutch retailer Mega Image on Thursday said it acquired the Zanfir supermarket chain in Vrancea County, held by the same-name family, after... more
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Retailer Kitchen Shop Grows to 18 Stores and EUR10M Sales 03.14.2019
Kitchen equipment retailer Kitchen Shop, a Romanian concept launched by entrepreneur Laurentiu Ilie ten years ago, has grown to 18 stores and about... more
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Flanco Sales Top RON1B in 2018, Profit Quadruples 03.13.2019
Electronics retailer Flanco posted a turnover of RON1.07 billion in 2018, up 9% on the year, and a net profit of RON21 million, four times higher... more
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Modern Retail Market Share Reaches 60% in Romania, Development Continues 03.13.2019
Romanian consumers spend EUR20 billion on food and other fast-moving consumer goods a year and 62% of the spending is made in modern retail stores,... more
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Victoria’s Secret To Open First Store in Romania in Bucharest's Baneasa Shopping Mall 03.12.2019
US lingerie brand Victoria’s Secret is entering the Romanian market opening a store in Baneasa Shopping City in Bucharest by the end of the year. more
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Lidl Romania CEO: We Had a Phenomenal 2018 03.11.2019
Discount store chain Lidl, one of the largest grocery retailers in Romania, saw almost 8 billion lei (EUR1.68 billion) sales last year, according... more
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British Retailer Topshop To Open Its First Romanian Store 03.07.2019
British Topshop, one of the world’s leading fashion retailers, will be opening its first store in Romania on March 15, called Topshop Topman,... more
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German Fashion Retailer Kik Opens First Store in Bucharest in Bucur Retail Park 03.06.2019
German fashion discounter Kik has opened its first store in Bucharest in Bucur Retail Park in the western part of the city, following an investment... more
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AFI Romania Owners Have New Shareholders: Two Realty Firms In Israel Control Africa Israel Properties 03.06.2019
Africa Israel Investments (AII), a holding-type investment company headquartered in Israel, sold the majority stake, of 51% held, in Africa Israel... more
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Globalworth Starts Construction Of New Office Building In Bucharest’s Barbu Vacarescu Area 03.06.2019
Real estate developer Globalworth is starting the construction of the Globalworth Square office building, located in Bucharest’s Barbu Vacarescu... more
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Ireland’s Primark Works with 21 Plants in Romania 03.05.2019
Irish-held low-price fashion retailer Primark, which owns about 350 stores on a number of markets in the world, works with 21 plants in Romania,... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
