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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Dacia Plant Eyes RON70M Turnover In 2022 yesterday, 16:55
Dacia Plant, which specializes in manufacturing food supplements and tea, overshot the RON50 million turnover mark in 2021 after a 24%... more
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Farmaciei Tei Opens Its 7th Unit, In Bucharest's Metav Industrial Park yesterday, 14:13
Retail pharmacy chain Farmacia Tei, a business set up by entrepreneur Roxana Maftei, reaches seven units after opening a new pharmacy in northern... more
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Photosetup Turnover Soars 63% In 2021, Overshoots RON12M Mark yesterday, 12:03
Simus Trading, the company operating photo and video equipment store Photosetup, saw its turnover surging by 63% in 2021 to RON12.1 million, in... more
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Voxa Steps Into Moldovan Market 06.24.2022
Voxa, a Romanian streaming platform for audiobooks and e-books, is tapping into the market of the Republic of Moldova starting this summer, as part... more
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Simtel Team To Install Over 10,000 Photovoltaic Panels On Buildings Of Carmistin Group 06.24.2022
Simtel Team (SMTL.RO), a Romanian engineering and technology company, announced on Friday (June 24) the signing of a partnership with Axell Green... more
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Burger King Romania’s Turnover More Than Doubles YoY To RON54M In 2021 06.24.2022
US Burger King group, one of the most famous fast-food chains in the world, reported a turnover of RON54 million in 2021 in Romania, more than... more
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Raffaello Shoes Factory Sees Net Profit Growing Tenfold In 2021 To Over RON7M 06.23.2022
Raffaello Shoes Factory, the largest footwear manufacturer in Romania, held by Italy’s Grisport, reported for 2021 a net profit of nearly RON7.3... more
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Accor To Open New Mercure Hotel In Romania In 3Q/2023 06.22.2022
Accor, world-leading hospitality group, on Wednesday announced the signing of a new franchise agreement for the opening of a Mercure hotel on the... more
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Startup The Outfit Raises EUR1M In New Seed Funding Round 06.22.2022
Romanian startup The Outfit, an online personal styling service, has raised EUR766,000 in a new seed funding round. Including this latest round,... more
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Retailer Smyk Romania Sees Sales up 70% in 2021 06.21.2022
Polish-held retailer of products for children Smyk All for Kids Romania posted RON90.5 million sales in 2021, 70% higher than in 2020 and expects... more
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Survey: 46% Of Romanians Say Their Purchasing Power Decreased In Past 12 Months 06.15.2022
The 2022 edition of a pan-European survey shows 46% of Romanians and Hungarians believe their purchasing power has decreased over the last 12 months. more
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PwC: Consumers Expect To Spend More On Groceries In Next Six Months 06.15.2022
Consumers around the world are facing rising prices and 47% of respondents expect to spend more on groceries over the next six months, in line with... more
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Mega Image Set to Open 75 New Units, Retrofit Another 57 In 2022 06.08.2022
Dutch-Belgian retailer Mega Image, which owns over 920 supermarkets and proximity stores in Romania, will expand further domestically, adding 75... more
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VTEX Survey: Almost 60% Of Retailers In Romania Saw Sales Growth During Coronavirus Pandemic 06.07.2022
Most retailers in Romania (almost 60%) reported rising sales since the onset of the COVID-19 pandemic until March 2022, with the online segment... more
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Alexandrion Group Unveils Carpathian Single Malt Brand 06.07.2022
Alexandrion Group, the biggest alcoholic beverage producer domestically, has launched the Carpathian Single Malt brand, the first single malt... more
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ING: Eight In Ten Romanians Expect Prices To Increase On Average 25% In Coming Period
06.07.2022
A recent study by Ipsos for ING Bank shows that eight out of ten Romanians believe prices will increase on average 25% in the next period percent. more
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Number of Profi Partner and Integrated Stores Almost Equal 06.06.2022
The Profi chain has reached an almost equal number of partner and integrated stores, after the company signed the contract for its 800th partner... more
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Glovo To Move Its Romania Head Office To U•Center Project In Bucharest 06.06.2022
Glovo will be moving its head office in Romania to a space leased in the second phase of the U•Center office project developed by Forte Partners... more
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Romania Retail Sales Up 3.7% YoY In April 2022 06.06.2022
Retail sales volume (excluding the trade with motor vehicles and motorcycles), in unadjusted data, grew by 3.7% in April 2022 versus April 2021 due... more
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ANA Pan to Open ANA Baking Co in One Cotroceni Park 05.30.2022
Confectionary chain ANA Pan, whose development is handled by Alexandra Copos de Prada, daughter of businessman George Copos, will open an ANA... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?