eMAG Hungary Merges with Extreme Digital, Targets EUR1B Sales in Six Years
03.21.2019
Online retailer eMAG Hungary announced Thursday it was merging with Extreme Digital, which expands eMAG's business to five more countries: Czech Republic, Slovakia, Slovenia, Croatia and Austria.
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Foodpanda Seeks to Expand to 20 Cities This Year today, 12:13
Food ordering platform foodpanda, which currently covers 15 cities, seeks to expand to 20 cities this year and has added 400 new restaurants since... more
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Decathlon Makes 60% of 20 Boot Models In Romania today, 00:00
French-held sporting goods retailer Decathlon, which has more than 1,500 stores in about 50 countries relies on Romania for more than 60% of the... more
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Kaufland Opens Two New Stores, Reaches 124-Unit Network In Romania yesterday, 19:50
German-held retailer Kaufland has opened two new stores, in Constanta and Focsani, respectively, reaching a 124-unit network in Romania. more
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Romania Not Registered in EU's New Tobacco Track and Trace System 05.21.2019
The European Commission announced on Tuesday that Romania has not yet registered in the EU’s newly launched track and trace system for tobacco... more
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Bayer Sees Sinesti Processing Output at EUR55M This Year 05.21.2019
Bayer Romania's corn seed procession station in Sinesti, Ialomita county, will reach an output worth EUR55 million this year from 7,500 hectares of... more
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De’Longhi Tops RON1B Turnover in Romania in 2018 05.21.2019
Italian home appliances manufacturer De’Longhi, a family business with a history of more than a century that started operations in Romania in... more
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Discount Retailer Pepco Sales Up 35% to RON900M in 2018 05.21.2019
Polish-held discount retail chain Pepco, which sells products at prices starting from 1.99 lei (EUR0.41) posted about 35% increase in sales to... more
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Profi Becomes First Retailer in Romania to Overshoot 1,000-Store Mark 05.21.2019
Supermarket and convenience store chain Profi has grown to 1,005 stores in about 500 cities in Romania and is the first retail to achieve this... more
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Online Bookstore Libris.ro Eyes 30% Higher Sales, Of Over RON50M, In 2019 05.20.2019
Online bookstore Libris.ro targets a 30% increase in sales, to over RON50 million, in 2019, after reporting a turnover of RON40 million in 2018, up... more
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Altex Sales Up to Over RON3.5B in 2018 05.20.2019
Computer and electronics retailer Altex saw its sales grow by 8% to more than 3.5 billion lei (EUR735 million) in 2018, while profit rose by 30% to... more
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McDonald’s Sales Up 15% to RON780M in 2018 05.17.2019
Fast food restaurant chain McDonald’s, the leader of the market in Romania, ended last year with 780 million lei (EUR164 million) sales, some 15%... more
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Romania Contributes 4% of Global Revenue of Kaufland and Lidl Owner Schwarz 05.16.2019
German-held Schwarz group, which owns the low-price hypermarket chain Kaufland and discount store chain Lidl, posted EUR104.3 billion revenue last... more
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Openville Timisoara Rebranded as Iulius Town 05.15.2019
Openville Timiaoara, a EUR220 million real estate project developed by Iulius and Attenbury Europe, is being rebranded as Iulius Town and is set to... more
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Sphera Franchise Group 1Q Sales Grow 26%, Profit Slumps 90% 05.15.2019
Sphera Franchise Group, which manages over 100 restaurants under the KFC, Pizza Hut and Taco Bell brands, said Wednesday its consolidated sales... more
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Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods 05.15.2019
The Romanian government adopted on Tuesday an emergency decree which reduces the value-added tax rate from 9% to 5% for organic, traditional, and... more
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Zara Owner Inditex Makes Five Times Higher Pretax Profit in Romania Than in Germany 05.15.2019
Spanish-held Inditex group, the owner of Zara, posted five times higher pre-tax profit in Romania than in Germany in 2018, despite the net average... more
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Altex Opens Store in Braila, Plans to Open 5-6 Stores a Year 05.10.2019
Retailer Altex Romania will be opening a 2,600 sqm store in Braila and plans to continue expansion at a rate of 5-6 new stores a year for the next... more
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ZF Retail 2019: Romania Is a Retail Paradise. Consumers Like Shopping 05.10.2019
Romania is a paradise for retail sector players, as local consumers have a greater appetite for shopping than Czech or Polish ones, for instance,... more
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Deichmann Reports 10.6% Higher Turnover In Romania, Of RON458M, In 2018 05.09.2019
German footwear retailer Deichmann reported a turnover of RON458.2 million (EUR98.5 million) in Romania, in 2018, up 10.6% compared to the... more
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L’Oreal To Open First Dedicated Store For Yves Saint-Laurent Brand In Romania, In 2019, CEO Says 05.09.2019
L’Oreal will be opening the first dedicated store for the Yves Saint-Laurent brand in Romania, in 2019, amid strong consumption and a constantly... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
