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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McDonald’s Sales in Romania Drop 8% in 2020 05.06.2021
McDonald’s restaurant sales in Romania dropped 8% in 2020 to little under EUR180 million, compared with EUR194 million before the outbreak of the... more
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Vivre Sales Grow 28% in 1Q 05.06.2021
Online furniture and home décor retailer Vivre said Thursday its sales grew 28% in the first quarter of 2021, in line with its 30% sales growth... more
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Retail Pharmacy Chain Medimfarm Posts 13% Growth in Sales to RON128M in 2020 05.06.2021
Retail pharmacy chain Medimfarm posted RON128 million sales in 2020, 13% higher than in 2019, Finance Ministry data show. more
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Romania Retail Sales Grow 13.3% on Month in March 05.06.2021
Retail sales in Romania, excluding vehicle sales, grew 13.3% on the month in March and by 2.3% when adjusted for seasonality and number of working... more
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DS Smith Invests EUR11M in Zarnesti Paper Mill to Limit Environmental Impact 05.05.2021
British paper packaging producer DS Smith will invest EUR11 million in the next two years at its paper mill in Zarnesti, central Romania, to reduce... more
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CBRE: Industrial Space Leasing Grows 43% in 1Q 05.05.2021
Total industrial leasing activity in Romania grew 43% on the year in the first quarter, to 264,400 square meters, real estate consultancy company... more
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Altex Invests EUR1M in Remodeling Two Stores in Bucharest and Brasov 05.05.2021
Altex, Romania's leading electronics retailer, said Wednesday it has invested over EUR1 million in remodeling and upgrading two stores, in line... more
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Retail Pharmacy Chain Catena Sales Flat at Over RON4.7B in 2020 04.30.2021
Retail pharmacy network Catena, the largest actor in pharmaceutical retail in Romania, posted more than RON4.7 billion sales in 2020, the first... more
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Zentiva Group Reports RON1.05B Sales in Romania in 2020 04.29.2021
Generics manufacturer Zentiva Group on Thursday reported sales of around RON1.05 billion in Romania in 2020, of which its factory in Bucharest... more
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Eyewear Retailer Videt Sales Surge 80% to RON12M in 2020 04.29.2021
Eyewear retailer Videt posted RON12 million sales in 2020, an 80% increase year-on-year, and expects sales to at least double this year, says... more
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Mozaik Investments Buys Into Flavours Group, Invests in Expansion 04.26.2021
Venture capital fund Mozaik Investments, with regional focus, has bought into Flavours Group, which includes the Stradale restaurant chain, and has... more
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Procter & Gamble Opens Second Factory in Urlati, Prahova 04.26.2021
Procter & Gamble Romania (P&G) inaugurates its new factory in Urlati, Prahova, where it will produce laundry detergent pods, creating over 200 new... more
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KeysFin: Sales In Food Retail Sector May Overshoot RON140B In 2021 04.26.2021
Sales in the food retail sector are estimated at around RON130 billion in 2020 compared with sales of RON118 billion in 2019, according to a... more
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Sterk Plast Gets EUR2.5M State Aid to Expand Production in Medgidia 04.26.2021
Romanian plastics producer Sterk Plast has been approved for EUR2.5 million state aid for a EUR5 million investment in expanding production bat its... more
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eCommerce Solution easySales Seeks To Raise EUR350,000 By Selling 8.05% Of Shares 04.26.2021
easySales, the solution of automating and centralizing eCommerce activities, founded in 2019 by Ciprian and Iulian Cazacu, will set off a financing... more
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Fashion Retail Group Inditex Let 800 Employees Go by End of 2020 04.23.2021
Spanish-held Inditex, the leader of Romania’s fashion retail market had 2,200 employees at the end of last year compared with some 3,000 before... more
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Burger King Opens Its Seventh Restaurant In Romania 04.22.2021
US fast food restaurant brand Buger King, brought to Romania in franchise system by Poland’s AmRest Group, is opening a new unit in Bucharest’s... more
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Hervis Opens Store in Craiova's Electroputere Parc Shopping Center 04.22.2021
Sporting goods retailer Hervis Romania, the local division of Austrian group Spar, will be opening a store in Craiova, within the Electroputere... more
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PayU: Romanian Online Fashion Market to Top $1B by Year-End 04.22.2021
The online fashion market in Romania will exceed the $1 billion threshold by the end of 2021, according to a report by PayU, the fintech and... more
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Kaufland Opens Hypermarket In Tarnaveni; Reaches 142 Stores In Romania 04.21.2021
Germany’s Kaufland group, the leader of the local retail by sales in 2019, continues its expansion plans for 2021 and is opening a store in... more
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809
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Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of
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Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if
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Romanian carmaker Dacia, owned by France's Renault, registered a record number of orders over the weekend for its first all-electric
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Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park
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Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into
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The Cluj county council has issued an urban planning certificate in view of area planning and feasibility studies for the city's future
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The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared
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Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates
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KPMG: Nearly Half of Global CEOs Don’t Expect a Return to Normal Until 2022
Almost half (45%) of global executives do not expect to see a return to a normal course of business until sometime in 2022, as opposed to nearly one-third (31%), the 2021 KPMG CEO Outlook Pulse survey has found.
