Railway Operator Grampet Raises Stake in Polisano Pharmaceuticals to 74%
09.17.2018
Grampet, the largest private railway and logistics operator in Romania, will take over the management of medicines producer Polisano Pharmaceuticals by raising its stake to 74% from 20%.
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Online Sales Account For 66% Of Photo Retailer F64’s Total Sales today, 15:07
Online sales of photo and video retailer F64, the largest player on the local photo-video equipment retail market, account for 66% of total sales. more
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Study: Cigarette Contraband Decreased Between July And September yesterday, 19:20
The cigarette black market in Romania accounted for a lesser share of total consumption in September, dropping to 15.3%, a 2.9% decrease from the... more
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Saint-Gobain Reopens Isover Glass Wool factory in Ploiesti after EUR5M Upgrade yesterday, 16:00
Saint-Gobain has reopened the Isover glass wool insulation factory in Ploiesti, southern Romania, after two years of suspended activity and a EUR5... more
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Kaufland Romania CEO Marco Hössl Takes Reins Of Czech Republic Operations, Too yesterday, 10:47
Marco Hössl, the CEO of Kaufland Romania and the Republic of Moldova has also taken the reins of the operations in the Czech Republic of the... more
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Veranda Mall Owner Gets EUR34M from CEC Bank for Expansion 10.17.2018
Andrei Pogonaru, owner of the Veranda shopping center in Bucharest, has signed two loan agreements with CEC Bank for a total of EUR34 million to... more
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Otter Distribution Expects 5% To 10% Annual Growth Over Next Three Years 10.16.2018
Otter Distribution, which has footwear retail and wholesale operations, owns 66 stores under several brands in Romania and four abroad, two in... more
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Policolor Invests EUR5.4M in New Production Facility 10.15.2018
Paint and coatings manufacturer Policolor will invest EUR5.4 million in a new production facility in Bucharest that will raise its production... more
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McDonald’s Reaches 73 Restaurants in Romania After RON2.6M Investment In New Unit In Timisoara 10.12.2018
Fast-food restaurant chain McDonald’s Romania, the biggest player on the local restaurant market, held by Malta’s Premier Capital, has opened... more
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IKEA Sales In Romania Up 10.6%, To RON609M, In 2018 Financial Year 10.11.2018
Swedish furniture and decoration retailer Ikea on Thursday reported 10.6% higher sales in Romania, to RON609.34 million, VAT not included, in 2018... more
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Bacau-Based Arena Mall To Be Extended, Modernized In EUR20M Investment 10.11.2018
Bacau-based shopping center Arena Mall will undergo extension and modernization works, within an investment of nearly EUR20 million. The leasable... more
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Meli Melo Reaches 60 Stores On Four Markets, Bets On Franchising 10.10.2018
Meli Melo store chain launched by a group of French entrepreneurs on the Romanian market 25 years ago has grown to 60 stores on four markets and... more
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Altex Romania Invests EUR37M In New Logistics Center 10.09.2018
Retailer Altex Romania, held by Dan Ostahie, will invest over EUR37 million in developing a new logistics center in the vicinity of capital... more
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Poland’s Footwear Retailer CCC Leases Office Space Within Bucharest’s Globalworth Plaza 10.08.2018
Poland’s footwear retailer CCC has signed an agreement with Globalworth, leader of the office building market in Central and Eastern Europe, to... more
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Auchan To Open Supermarket In Bucharest's Liberty Center 10.05.2018
French retailer Auchan will be opening a supermarket within Liberty Center shopping mall in Bucharest’s district 5. The new store will cover over... more
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Romanian PM Announces 5% VAT For Accommodation, Restaurants And Theme Parks 10.04.2018
Romanian Prime Minister Viorica Dancila announced on Thursday that the Government will set a 5% value added tax rate for accommodation, restaurant... more
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DB Schenker Relocates to New Terminal in CTPark Bucharest West 10.03.2018
DB Schenker, one of the largest operators of transport and logistical services, will relocate its activity by the end of the year to a new terminal... more
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Orbis Group To Open Its First Hotel In Timisoara, Under Mercure Brand, In 2019 10.02.2018
Poland's Orbis Hotel Group, a strategic partner of AccorHotels in Eastern Europe, will be opening in 2019 its first hotel in Timisoara (western... more
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Online Retailer Elefant.Ro Raises RON8M From Private Investors In 12 Days 09.28.2018
Elefant Online SA, the third leading online retailer in 2017 by revenue, raised almost 8 million lei (EUR1.71 million) through a bond issue... more
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Modern Retailers Opened 200 Stores In January-September 09.25.2018
Modern retail has grown to almost 2,500 stores after retailers opened more than 200 stores in the first nine months of the year, spending over... more
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UAE's Al Dahra Plans to Invest $500M in Romania in Five Years 09.24.2018
Al Dahra Agriculture LLC of the United Arab Emirates, which recently bought Romania's largest cereal producer Agricost Braila, plans to invest... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
