Pepco Reopens 168 Of Its 272 Stores in Romania, Inaugurates Four New Units
05.15.2020
Polish discount store chain Pepco has decided to reopen 168 of its 272 stores in Romania, after closing them down on March 23, against the backdrop of coronavirus-related restrictions.
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Romania Furniture Production Down 7%, Local Consumption Down 13% YoY In 2019 today, 11:41
The furniture production volume fell by 7% to EUR2.32 billion in 2019, compared to EUR2.49 billion in 2018, and furniture consumption dropped... more
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Miele Romania Eyes 2% Increase In Its 2020 Turnover, To RON49M yesterday, 10:50
German-held luxury home appliance manufacturer Miele Romania has budgeted a turnover of RON49 million for 2020, up nearly 2% from 2019. more
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Profi Keeps Expansion Pace; Opens 20 New Stores In June 2020 yesterday, 10:31
Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the COVID-19 pandemic,... more
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Kingfisher Opens Construction Materials Outlet Near Bucharest 07.03.2020
UK's Kingfisher, owner of DIY retail chain Brico Dépôt, has opened a construction materials outlet center in Chiajna, near Bucharest. more
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Carrefour Launches New Store Concept In Bucharest - Bonteria Very & So 07.02.2020
French Carrefour Group has launched a new store concept in Bucharest, Bonteria Very & So, specialized in perfumes, make-up products, cosmetics,... more
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Accor Announces New Ibis Hotel Near The Future Terminal 2 Of Henri Coanda International Airport 07.02.2020
Accor Group has signed a management agreement with Alexandra Residence Design to open a 144-room ibis hotel, by end-2022, in the vicinity of the... more
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Retailer Altex Set to Hire 1,000 People 07.02.2020
Electronics retailer Altex said Thursday it will be hiring over 1,000 people throughout the country to support its network expansion and... more
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Benvenuti Expects 40% Decline in Turnover and RON10M Loss in 2020 07.02.2020
Benvenuti, one of the leading footwear retailers in Romania, expects a turnover of RON83 million this year, nearly 40% lower than in 2019, the... more
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Romania Recycles Just 11% of Waste Compared with 47% EU Average 07.01.2020
Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%, European Commission... more
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Local Hospitality Industry Struggles to Survive as Revenues Dropped 80% 07.01.2020
Romania's hospitality industry currently reaches just 15-20% of the revenues it had in the same period last year, as only deliveries and open-air... more
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Sameday Delivery Firm Leases Nearly 2,300 Sqm In Industrial Park VGP Park Timisoara 06.30.2020
Delivery service company Sameday Courier, owned by online retailer eMAG, has leased approximately 2,300 square meters within industrial park VGP... more
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Pambac Posts RON186.5M Turnover in 2019; Romania Makes 1.5M Tons of Bread/Year 06.30.2020
Romanian bread and bakery producer Pambac, owned by entrepreneur Eusebiu Gutu, had a turnover of RON186.5 million in 2019, down 1.5% on the year,... more
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Continental Hotels Chain And French Accor Group Jointly Terminate Their Management Agreement 06.29.2020
Continental Hotels, controlled by businessman Radu Enache, and French Accor Group have jointly decided to terminate their management agreement... more
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Carrefour Delivery Platform Bringo Expands to Six New Cities 06.29.2020
Bringo, retailer Carrefour's mobile app for shopping delivery, has expanded to six new cities, now covering 35 cities, the company said Monday. more
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Arctic Sales Grow in Almost All European Markets Despite Pandemic 06.29.2020
Home appliances manufacturer Arctic, owned by Turkey's Arcelik, which has two plants in Romania, said its sales grew in almost all European markets... more
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TeraPlast Reappoints Alexandru Stanea as CEO for Four Years 06.26.2020
TeraPlast Group, the largest Romanian producer of construction materials, said Friday it has reappointed its CEO Alexandru Stanean for a period of... more
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Tinmar Energy Acquires 95% of Intercereal 06.26.2020
Electricity trader Tinmar Energy, the biggest entrepreneurial business in the local energy sector, part of Augustin Oancea's Tinmar Group, has... more
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Altex Reopens Store in Miercurea Ciuc in New Location 06.25.2020
Electronics retailer Altex said Thursday it was reopening its store in Miercurea Ciuc in a new location in the region's first retail park – Nest,... more
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McDonald’s Franchise Owner Appoints New CEOs in Romania, Malta 06.25.2020
Premier Capital plc, which owns the McDonald’s franchise on six European markets, including Romania, announced it will be appointing Paul Dragan... more
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Farmec Opens Gerovital-Branded Store In Targu Mures 06.24.2020
Farmec SA Cluj-Napoca, the largest Romanian-held cosmetics manufacturer, is opening a new store under the Gerovital brand, in Targu Mures, on... more
Romania is among the countries with the lowest or non-existent pandemic impact for German-held construction group HeidelbergCement, its
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Banks on the local market have donated over RON23.5 million for purchases of medical equipment and devices for over 220 hospitals from
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Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an
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The two car assembly factories in Romania, Automobile Dacia and Ford, produced a total 32,033 vehicles in March-April 2020 period,
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Altex Romania, the main player on the Romanian electro-IT market, seeks to invest over EUR25 million in expanding its network and
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Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday said it has summoned its shareholders on June 12, 2020
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One United Properties, the most active developer on the local market with six construction sites open, has sold 30% in One [Floreasca]
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Romanian state-owned power company Hidroelectrica said Thursday it has selected Dentons Europe SPARL to provide legal services in view
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Colliers: 9 in 10 Office Building Tenants Expect to Return to Offices in Summer
Nearly 70% of office owners and tenants expect the Covid-19 pandemic will affect their activity all year and estimate the first signs of recovery no sooner than 2021, according to a poll by Colliers among 60 owners and over 100 tenants, 30% of which are companies with over 1,000 employees.
