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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Dedeman Owners Recruit Raiffeisen's Investment Manager to Run Paval Holding 04.05.2019
Dragos and Adrian Paval, the owners of DIY retail chain Dedeman, have recruited Laurentiu Ciocarlan, head of Raiffeisen Bank's investment... more
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Profi Seeks to Expand Logistics Space to 20 Hectares to Cope with Expansion 04.04.2019
Profi store chain held by buyout investor Mid Europa Partners has five logistics warehouses taking up 16 hectares together, and has recently... more
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70% Of Smartphones Purchased in Romania in 2018 Sold by Two Companies 04.04.2019
Samsung and Huawei’s subsidiaries sold about 70% of the smartphones purchased in Romania in 2018, an increase of almost 20% over 2016, which... more
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Coca-Cola HBC Invests EUR11M in Mineral Water Production Line in Suceava 04.02.2019
Coca-Cola HBC Romania, leader of the local soft drinks market, invested EUR11 million in developing and streamlining its mineral water production... more
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Auchan Opens New Proximity Store In Bucharest, Reaches 21 MyAuchan Units In Romania 03.28.2019
French retailer Auchan has opened a new convenience store in capital Bucharest, reaching a network of 21 stores under the MyAuchan brand in Romania. more
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Retail Pharmacy Chain Ducfarm Sees Revenue up 20% to RON195M in 2018 03.28.2019
Ducfarm pharmacy chain, a Romanian-held business with 22 pharmacies in Transylvania, posted 195 million lei (EUR41 million) revenue in 2018, 20%... more
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Cremeria Emilia Sees Revenue Up To EUR4M In 2018 03.27.2019
Romanian-German-held Cremeria Emilia ended 2018 with EUR4 million revenue from nine locations after three years in business. more
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Vascar Opens Store In Iasi, Reaches 19 Units In Moldavia Region 03.25.2019
Vascar, one of the leading cold cuts and canned food producers, has opened a new store in the city of Iasi, reaching four units in the city and 19... more
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Decathlon Opens Store in Bistrita, Plans Five New Store Openings in 2019 03.25.2019
Sporting goods retailer Decathlon will be opening a store in Bistrita Retail Park on March 28 and plans to open five units throughout Romania by... more
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Survey: Romania eCommerce Market Seen Up 30% In 2019 On Improved Consumer Confidence And Purchasing Power 03.21.2019
The electronic commerce (eCommerce) market in Romania is expected to grow nearly 30% in 2019, against the backdrop of improved consumer confidence... more
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Kingfisher Seeks Consolidation This Year, Eyes Future Expansion 03.20.2019
UK's Kingfisher, owner of DIY retailers Brico Dépôt and Praktiker, seeks to consolidate its business this year and considers expansion in the... more
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Mega Image Set to Hire 1,100 People to Keep Up with Expansion 03.20.2019
Retailer Mega Image, which has grown to more than 670 stores in Romania, has about 1,170 jobs available at the moment, most of them for cashiers,... more
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Omer Susli, Homelux Retail Chain Owner: I Don’t Fall in Love with a Business 03.19.2019
Businessman Omer Susli, who sold the DIY retailer Praktiker to UK’s Kingfisher, is getting ready to open a Homelux store in Bucharest, as part of... more
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Premier Capital, Development Partner Of McDonald’s, To Open 13 New Restaurants In 2019 03.18.2019
Maltese company Premier Capital, the development partner of McDonald’s in six European countries, opened ten restaurants in 2018 and plans to... more
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3 Sqm of Mall Space for Each Person in Bucharest 03.18.2019
The ten largest shopping centers in Bucharest have a surface area of almost 600,000 square meters and about 1,500 stores, ZF has calculated from... more
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Hervis Set to Open 10 Stores in 2019 03.18.2019
Sporting goods retail chain Hervis will open ten stores this year, after having inaugurated seven in 2018. The retailer will therefore end 2019... more
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Coffee Shop Chain 5 to go Opens Group’s Largest Unit, In Downtown Bucharest 03.14.2019
Coffee shop chain 5 to go, a franchise developed by Radu Savopol and Lucian Badila, has opened the group’s largest unit, in downtown Bucharest,... more
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Mega Image Buys Zanfir Supermarket Chain 03.14.2019
Belgian-Dutch retailer Mega Image on Thursday said it acquired the Zanfir supermarket chain in Vrancea County, held by the same-name family, after... more
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Retailer Kitchen Shop Grows to 18 Stores and EUR10M Sales 03.14.2019
Kitchen equipment retailer Kitchen Shop, a Romanian concept launched by entrepreneur Laurentiu Ilie ten years ago, has grown to 18 stores and about... more
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Flanco Sales Top RON1B in 2018, Profit Quadruples 03.13.2019
Electronics retailer Flanco posted a turnover of RON1.07 billion in 2018, up 9% on the year, and a net profit of RON21 million, four times higher... 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.
