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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Altex Plans to Open Eight Stores by 2020 07.01.2019
Computer and electronics retailer Altex Romania plans to open eight more stores in the country by 2020. more
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FMCG Producers and Wholesalers Bet on Retail Operations 06.28.2019
Niche retail operations of their own is the latest bet of the fast-moving consumer goods sector companies, which want separate exposure for their... more
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Online Watch Retailer WatchShop.ro Opens Its First Physical Store, Within AFI Cotroceni Shopping Mall 06.27.2019
WatchShop.ro, an online store selling original watches, has entered a new business line by opening its first physical store, within AFI Cotroceni... more
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Kaufland Reopens Store In Vatra Dornei Under New Format 06.27.2019
German-held retailer Kaufland, a leading player on the Romanian food trade market by turnover, has reopened its store in Vatra Dornei on Thursday... more
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Leroy Merlin: DIY Market in Romania Has Potential to Double to EUR8B 06.27.2019
The do-it-yourself retail market put at EUR4 billion has the potential to easily double in the next few years, believes Frederic Lamy, CEO of DIY... more
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Altex Invests EUR5.3M in New Store in Braila 06.26.2019
Retailer Altex invested EUR5.3 million in a new store in Braila, under a new concept, Altex Service Center, reaching a total of 101 stores in the... more
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Fashion Retailer C&A Now Works with Only 20 Plants in Romania Instead of 40 Three Years Ago 06.25.2019
The C&A group, one of the biggest names in world’s fashion industry, is working with 20 plants in Romania. The number of partners has constantly... more
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Lidl Tour Expects 60% Growth in Turnover in 2019 06.24.2019
Lidl Tour estimates its turnover will grow by more than 60% this year, similar growth to last year's. more
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Foreign Food Chains' Market Share At 80% In Bucharest, Exceeds 50% In All Romanian Regions 06.24.2019
Food trade in Romania is a market with 78,000-83,000 stores reporting annual sales of EUR20 billion, according to ZF data. Foreign players account... more
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Lego Sales Up 13% to RON104M in Romania in 2018 06.24.2019
Lego Romania, the subsidiary of the Danish group, which started opening its own toy stores in 2009, posted 104 million lei (EUR22 million) sales in... more
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Subway Reaches 39 Restaurants In Romania; Seeks To Open Six New Units In 2019 06.20.2019
Restaurant chain Subway, present on the Romanian market since the spring of 2012, has reached a 39-unit chain in Romania and will continue its... more
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KeysFin: Cosmetics Imports Hit EUR525.5M in 2018, up 10% on Year 06.20.2019
Imports of cosmetics reached EUR525.5 million in Romania in 2018, up 9.7% compared with 2017 and double compared with 2010, a report by KeysFin... more
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Five-Star Vega Hotel In Mamaia Seaside Resort Posts 7.5% Higher Turnover, Of RON17M, In 2018 06.19.2019
Five-star Vega Hotel located in Mamaia seaside resort and held by businessman Gabriel Comanescu, ended 2018 with a turnover of RON17.1 million, up... more
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Meli Melo Store Chain Eyes Expansion Through Franchising In Nine Romanian Cities Until 2022 06.19.2019
The Meli Melo brand, launched by a group of French entrepreneurs on the Romanian market 25 years ago, seeks to expand to nine Romanian cities... more
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Sphera Franchise Group Expands in Italy, Opens KFC Restaurant in Bolzano 06.19.2019
Sphera Franchise Group, which manages over 100 restaurants under the KFC, Pizza Hut and Taco Bell brands, continues its expansion abroad and is... more
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5 to go Coffee Shop Chain Expands to Brico Depot Stores 06.19.2019
Romanian coffee shop chain 5 to go continues its expansion plan and has opened its first unit within a DIY store within a partnership with Brico... more
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Inditex Group Sales in Romania Up Almost 10% to RON1.7B in 2018
06.19.2019
Spain’s Inditex group ended 2018 with 1.7 billion lei (EUR370 million) sales in Romania, almost 10% higher than in 2017. All its eight fashion... more
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Footwear Retailer Benvenuti Sees RON130.5M Sales in 2018 06.19.2019
Footwear retailer Benvenuti posted 130.5 million lei (EUR28 milion) sales last year, up about 5% over the previous year, ZF has found from Finance... more
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Austria’s XXXLutz Invests EUR5M In 12,000-Sqm Store In Oradea 06.18.2019
Austrian furniture and home decor retailer XXXLutz, with annual sales of EUR4.65 billion, will be opening its second store in Romania, under the... more
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Unirea Shopping Center Switches to RON23M Profit in 2018 06.18.2019
Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, posted a profit of RON23.2 million in 2018, compared... 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.
