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.
-
Profi Promotes Dumitru Dragomir To Position Of Vice-President, Business Efficiency Manager today, 11:16
Supermarket and convenience store chain Profi, held by buyout investor Mid Europa Partners, has promoted the company’s Chief Financial Officer... more
-
Profi Steps Up Expansion, Opens 16 Stores in February today, 09:36
Supermarket and convenience store chain Profi held by buyout investor Mid Europa Partners, opened 31 stores in the first two months of the year, 15... more
-
Holde Agri Invest Posts RON5.3M Net Profit in 2020 03.01.2021
Holde Agri Invest (HAI.RO), a Romanian company operating farmland, on Monday reported consolidated revenue of RON46.8 million and a net profit of... more
-
PayU Romania: Romanian E-Commerce Market grows 36% in 2020, to EUR7B 03.01.2021
The Romanian e-commerce market reached approximately EUR7 billion in 2020, 36% higher compared with 2019, data from online payment processor PayU... more
-
Sphera Group Reports RON2.3M Net Loss in 2020 as Pandemic Disrupts Business 02.26.2021
Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, reported a net loss of RON2.3 million for... more
-
Carrefour Romania Appoints Julien Munch as CEO 02.25.2021
French-held Carrefour group, which has some 370 stores on various segments of the market in Romania, has appointed Julien Munch to run its local... more
-
Golden Foods Snacks Lists RON4M Bond Issue on Bucharest Stock Exchange 02.23.2021
Golden Foods Snacks, which owns the ELMAS brand of seeds, nuts and dehydrated fruits, listed its second issue of corporate bonds on Bucharest Stock... more
-
Colliers: Logistics & Industrial Dominated Real Estate Market in 2020 02.23.2021
The logistics and industrial sector was the most dynamic real estate segment in 2020, with 72% growth in demand and nearly 784,000 square meters... more
-
XXXLutz Leases 6,000 Sqm in WDP's Logistical Park in NW Bucharest 02.22.2021
Austrian furniture and home decor retailer XXXLutz has leased 6,000 square meters of storage in the logistical park developed by WDP in... more
-
Carrefour Romania’s Bringo Platform Sales Up Almost Eight Times in 2020 02.19.2021
The sales of the online commerce platform of the Carrefour group, Bringo, went up almost eight times compared in the first half of 2020, compared... more
-
Carrefour Group Announces 2.1% Higher Sales, Of EUR2.3B, For Its Romanian Stores In 2020 02.18.2021
French Carrefour Group has announced sales of EUR2.3 billion for its Romanian store chain in 2020, up 2.1% on the year, for similar activities, per... more
-
JLL Romania Expands Industrial Team, Puts Ciprian Sirbu in Charge of Supply Chain Services 02.18.2021
Real estate consultancy company JLL Romania has recruited Ciprian Sirbu, former logistics manager at Vivre, to manage its Supply Chain Services... more
-
evoMAG Ends 2020 With 43% Higher Sales, Of Over EUR32M; Eyes 20% Increase In 2021 02.18.2021
Online retailer evoMAG, held by entrepreneur Mihai Patrascu, ended 2020 with sales of over EUR32 million, up 43% on the year. more
-
Auchan Teams Up With Glovo For Product Delivery 02.17.2021
Auchan and Glovo have concluded a partnership whereby over 4000 products sold in the 33 Auchan hypermarkets can be ordered online, via quick... more
-
Dermo-Cosmetics Sales in Romania Down 2.7% in 2020, to RON261.9M 02.17.2021
Romanians bought RON261.9 million (EUR54.1 million) worth of dermo-cosmetics at retail prices in 2020, down 2.7% compared with 2019, a market... more
-
Retail Pharmacy Chain Help Net Sales Up 25% to EUR209M in 2020 02.17.2021
Help Net, the third leading pharmaceutical retailer by number of pharmacies in Romania, posted EUR209 million (some RON1 billion) sales in 2020,... more
-
Central Bank: Romanians Spent EUR2.6B On Vacations Abroad In 2020 02.16.2021
Romanians spent nearly EUR2.6 billion on vacations abroad in 2020, which is half the amount spent in 2019, according to central bank data. more
-
Alfredo Seafood Owners Enter Logistics Market 02.15.2021
Alfredo Seafood owners, the local Darmanescu family, have entered the controlled temperature logistics market with Frigonet Logistics in 2020, with... more
-
Fan Courier Turnover Grows 27% in 2020, Tops RON1B Mark 02.15.2021
FAN Courier, the leading courier services company in Romania, said Monday its turnover grew 27% in 2020, topping the RON1 billion mark, as the... more
-
iHunt Profit Grows Ten Times in 2020, to RON6M 02.15.2021
Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) on Monday reported a net profit of RON6.15 million for 2020,... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
more
Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
more
SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
more
TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
more
U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
more
Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
more
Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
more
The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
more
DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
more
Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
moreAnalysis
Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
