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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IKEA Romania Opens Its Third Store In Romania, In Timisoara, In Over EUR60M Investment 06.08.2023
IKEA Romania, one of the largest furniture and home décor retailers, part of Swedish IKEA Group, has opened on Thursday (June 8) its third store... more
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Grocery Retailer Annabella Hits 100 Stores Nationwide 06.02.2023
Store network Annabella, founded by entrepreneurs Dorina and Dan Mutu almost three decades ago, has opened its first retail park in Horezu, Valcea... more
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Value4Capital Buys Hearing Aid Retailer Clarfon 06.01.2023
Private equity firm Value4Capital (V4C) has bought the Clarfon retail chain, which has more than 50 stores in Romania. The deal was concluded with... more
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Footprints AI: Shopping Basket Monthly Average Value Up 10-15% in 2022 05.31.2023
The monthly average value of the shopping basket went up by 10-15% in 2022, with foodstuffs and consumer goods prevailing, reveals an analysis by... more
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Retail Pharmacy Chain Catena Ends 2022 With RON6.3B Sales 05.29.2023
Catena, the largest retail pharmacy chain in Romania, ended 2022 with more than RON6.3 billion sales, an increase of 22% on the RON5.1 billion of... more
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Profi Boosted Sales by 17% in 2022 05.26.2023
Retailer Profi, controlled by investment fund MidEuropa Partners, saw its sales go up by 22% last year, with the increase particularly supported by... more
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eBay Officially Starts Campaign To Attract Romanian SMEs To Its Marketplace 05.23.2023
US-held eBay, one of the largest actors in online commerce in the world, has started a campaign to draw the Romanian small and medium-sized... more
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eMAG Rents 10,000 Square Meters In Globalworth Square Building To Relocate HQ 05.23.2023
Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office space market, has signed an... more
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Romania Furniture Exports Up 17% in 2022 05.23.2023
Romania in 2022 exported EUR2.6 billion worth of furniture, up 17% from the previous year, reveal data provided by the association of furniture... more
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H&M Sales Close To RON1B In 2022 05.22.2023
Fashion retailer H&M posted almost RON977 million sales in Romania in 2022, 15% higher than in 2021, the second year of the pandemic when there... more
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EY: Consumers Globally Keep Tight Grip On Their Spending Amid Rising Living Costs 05.17.2023
Consumers globally continue to reign in their spending amidst a challenging cost-of-living environment, with 94% of consumers now worried about the... more
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evoMAG’s CEO Mihai Patrascu Buys Into Elefant 05.11.2023
Elefant Online, one of the largest online retailers in Romania and owner of elefant.ro, on Thursday evening announced on the Bucharest Stock... more
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IKEA To Open Its Third Store In Romania, In Western City Of Timisoara, On June 8, 2023 05.11.2023
Swedish furniture and home décor retailer IKEA will be opening its third store in Romania, in western city of Timisoara, on June 8, 2023. more
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Primark To Open Its Second Store In Romania, In Bucharest’s AFI Cotroceni Shopping Center, On June 20, 2023 05.11.2023
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, has announced on May 11, 2023 that it will open its... more
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Penny Sees Sales Up 33% To RON7.2B In 2022
05.10.2023
Discount retailer Penny Romania, held by Germany’s Rewe Group, ended last year with RON7.2 billion sales, an increase of 33% on 2021. The growth... more
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Analysis: 75% Of Online Retailers Seek To Expand Product Range Amid Rampant Inflation To Meet Consumer Needs 05.10.2023
Against the backdrop of high inflation, the main business objective of 75% of online retailers in Romania is to expand their product range in order... more
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Luxury Watch Retailer EraVault Opens First Store In Bucharest 05.09.2023
Luxury watch retailer EraVault has opened its first store in Bucharest, in a EUR250,000 investment. more
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Footwear Retailer Benvenuti Sees 31% Growth In Revenue To RON30.8M In Q1 05.08.2023
Footwear retailer Benvenuti posted RON30.8 million revenue in the first quarter of 2023, an increase of about 31% on the year-ago period, the... more
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Altex Plans To Open At Least 14 New Stores In 2023 05.08.2023
Computer and electronics retailer Altex, the leader of the local market, has budgeted EUR30 million investments for this year, which will go mostly... more
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EY Assisted Carrefour in Acquisition of Cora’s Romanian Operations 05.04.2023
EY assisted the Carrefour Group in the signing of the agreement with Louis Delhaize Group to buy the latter’s Romanian business, which includes... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.