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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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
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Antitrust Body Looks into Fabryo Acquisition by Akzo Nobel 09.19.2018
Romania's Competition Council said Wednesday it was analyzing the deal whereby Dutch group AkzoNobel takes over local paints manufacturer Fabryo. more
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Online Retailer Elefant.Ro Aims To Break Even In 2019 09.14.2018
Elefant Online SA, the company that runs elefant.ro, one of the largest local online stores, plans to break even at the end of next year. more
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Peeraj Group Buys 75% In Calif-Condimental, Steps Up Expansion 09.05.2018
The largest holder of fashion franchises in Romania, Arab-held Peeraj group, has acquired 75% in Calif-Condimental restaurant chain and seeks to... more
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Vola/Revolut: Romanians’ Vacation Budget Is Lowest In Europe, With EUR700M On Average 09.04.2018
The number of Romanians going on vacation abroad is on the rise and their favourite destinations in 2018 have been Italy, Spain, UK, Greece and... more
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Dutch Investors Begin EUR5M Investment To Give Magazinul Bucuresti New Lease On Life 09.04.2018
The Magazinul Bucuresti store in Bucharest’s Old Town will be revived by next year’s fall, with demolition and reconstruction work having... more
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Eurostat: Romania Ranks First In The EU By 257% Surge In Product And Service Prices In 2000-2017 09.03.2018
Romania ranks first among European Union Member States regarding the prices of products and services which skyrocketed 257% between 2000 and 2017,... more
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Starbucks Plans To Double Network In Romania In Five Years 09.03.2018
US coffee shop chain Starbucks, present in Romania as a franchise, has about 40 cafés in the country and is the leader of its market. It posted... more
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Veranda Mall Adds Decathlon And World Class As Anchors 09.03.2018
Veranda shopping center in the Bucur Obor area of Bucharest will add sporting goods retailer Decathlon and gym chain World Class as tenants, ZF has... more
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Accessories Retailer Meli Melo Paris Opens In Targu Jiu Its First Franchise Store 08.31.2018
Melo Melo Paris, one of the most extensive brands on the Romanian accessories retail market, has opened in Targu Jiu its first franchise store, 20... more
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Fornetti Romania Sales Up 7% To RON88.4M In H1 08.31.2018
Fornetti Romania, the company that owns the largest local pastry shop, ended the first half with 88.4 million lei sales (almost EUR20 million),... more
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GfK Romania: FMCG Sector Grows 8.4% in 1H/2018 08.30.2018
Romania’s fast moving consumer goods (FMCG) sector grew an annual 8.4% in the first half of the year, driven by inflation (+4%, double compared... more
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Nituleasa, Intersport: We’re No Longer Seeing Double-Digit Growth Rates 08.30.2018
Sporting goods retailer Intersport, one of the most powerful actors on this market, has increased sales by 6% in the first few months of the year,... more
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President Criticizes Government For Mismanaging Swine Fever Epidemic 08.29.2018
Romanian President Klaus Iohannis criticized the country’s Government on Wednesday for the way it handled the African swine fever epidemic,... more
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Online Retailer BeKid.ro Invests EUR150,000 in Order Management Space 08.28.2018
Online retailer BeKid.ro, which sells products for children, invested EUR150,000 in a 100 square-meter space to manage online orders. more
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Annabella, Zanfir And Elan Trio, Most Powerful Romanian-Owned Grocery Retail Businesses 08.28.2018
The top 20 local grocery retail businesses include nine that are held by local entrepreneurs, which posted more than 100 million lei (EUR22... more
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Eurostat: Romania Triples External Deficit In Trade Of Goods In 2000-2017 08.27.2018
Between 2000 and 2017, Romania registered a continuous deficit in the trade of goods with the rest of the world (imports exceeded exports), which... more
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Bookstore Chain Carturesti Continues Expansion 08.27.2018
Bookstore chain Carturesti of entrepreneurs Nicoleta Dumitru and Serban Radu continues expansion in Romania and will open bookstores in Baia Mare,... more
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Mobexpert Sales Up 14% In H1 08.27.2018
The sales of furniture retailer Mobexpert went up 14% in the first half of 2018 over the year-ago period, mostly driven by online sales. 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.
