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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Iulius Town, Biggest Retail Project in Western Romania, Opens End-August 06.13.2019
Iulius Town, a EUR220 million real estate project developed by Iulius and Attenbury Europe, will be inaugurated on August 30, Iulius Group said in... more
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GfK: Brick-and-Mortar Retail in Romania, Lithuania to See Highest Growth in EU in 2019 06.13.2019
Romania (+7%) and Lithuania (+5.9%) are expected to have the highest growth rates in 2019 for brick-and-mortar retail in the 27 EU nations... more
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Farmec Opens First Franchised Gerovital Store in Bacau 06.12.2019
Farmec Cluj-Napoca, Romania’s leading cosmetics manufacturer, also active on the retail market, marks the launch of its franchise system for its... more
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Fashion Retailer Kik Already at Almost 20 Stores in Romania, Thinks Market Can Take over 250 06.12.2019
German-held kik group, which operates in the discount fashion retail and arrived in Romania last fall, has already opened almost 20 stores in this... more
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Doraly Rents New Pavilion to Danish Retailer Jysk After EUR1M Investment 06.11.2019
Doraly Expo Market, one of the largest retail parks in Romanial locate din Afumati, near Bucharest, has rented one of its three new pavilions... more
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IKEA Opens Second Store in Romania on June 24 06.11.2019
Swedish furniture and home décor retailer IKEA will open its second store in Romania, in southern Bucharest, on June 24. more
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LaDoiPasi Retail Chain Set to Reach 1,100 Stores by Yearend 06.07.2019
The LaDoiPasi franchise that German-held Metro Cash & Carry launched in 2012 now numbers 860 stores, the most ever, and the officials of Metro say... more
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Dante International Gets Antitrust Clearance to Acquire Extreme Digital of Hungary 06.06.2019
Dante International, which operates eMAG – the biggest online retailer in Romania, and Fashion Days – the biggest fashion online retailer in... more
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Romania Loses RON5.5B Annually to Counterfeit Trade 06.06.2019
Annual losses caused by counterfeit trade and pirated content in Romania amount to an estimated RON5.5 billion, the equivalent of 17.2% of sales... more
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eMag Seeks to Sell Warehouse Near Bucharest for EUR80M 06.06.2019
eMag Group, the biggest online retailer in Romania, is looking to sell its warehouse in Joita, south of Bucharest, to an investment fund and remain... more
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Profi Creates Private Label Set to Debut in July 06.06.2019
Supermarket and convenience store chain Profi, held by buyout investor Mid Europa Partners, will launch its own private label by the same name on... more
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Kaufland Opens Its Fourth Store In Cluj-Napoca; Reaches 126-Unit Network In Romania 06.05.2019
German-held retailer Kaufland will be opening its fourth store in Romania’s north-western city of Cluj-Napoca, on Thursday (June 6), reaching 126... more
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Mega Image Accelerates Expansion Rate; Seeks To Open Its First Stores In Iasi By End-2019 06.05.2019
Retailer Mega Image continues its expansion countrywide and seeks to open its first stores in the city of Iasi and other units in the cities of... more
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Romanian Spa & Wellness Market at EUR314M in 2018 06.05.2019
The Romanian spa resort and wellness market generated a turnover of approximately EUR314 million, industry specialists said. more
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NEPI Rockcastle Bets On Seven New Retail Projects In 2019, Of Which Four In Romania 06.04.2019
Investment fund NEPI Rockcastle, the largest shopping mall owner in Romania and a leading player in Central and Eastern Europe (CEE), officially... more
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Kaufland’s Profit Margin Reaches 7.2%, Highest Since Entering Romania
06.04.2019
German-held retailer Kaufland posted 7.2% net profit margin last year, one of the highest in grocery retail, ZF has found, and also its best in... more
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Peek & Cloppenburg To Open Flagship Store Within Iulius Town Timisoara, Its 7th In Romania 06.03.2019
German fashion retailer Peek & Cloppenburg will be opening a store within Iulius Town Timisoara compound, the first mixed-use project in western... more
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Farmec to Invest EUR2M in Production Line Upgrade, Open Four New Stores in 2019 06.03.2019
Farmec Cluj-Napoca, Romania’s leading cosmetics manufacturer, also active on the retail market, plans to invest EUR2 million in production line... more
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Kika Stores to Become XXXLutz, Mömax to Go to Every Major City in Romania 06.03.2019
XXXLutz, an Austrian furniture and home decor retailer with EUR4.4 billion revenue, will be turning the Kika stores it bought from fellow Austrian... more
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Two Romanian Plants Make Almost RON50M Revenue Assembling Bicycles for Decathlon 06.03.2019
French-held sporting goods retailer Decathlon, which is present on about 50 markets worldwide, manufactures bicycles in two plants in Romania.... 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.
