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.
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Prime Kapital’s Arges Mall Set To Open In Pitesti On April 25
03.25.2024
Prime Kapital, a real estate developer and investor in Central and Eastern Europe, will open Arges Mall on April 25, the largest and most modern... more
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Carrefour Closes Half Of Cora Convenience Stores After Takeover
03.21.2024
French-held Carrefour group is closing half of the convenience stores it got when it bought rival Cora’s operations in Romania, that is four of... more
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Fryday Chain Grows To Nine Restaurants, RON28.6M Revenue In 2023
03.20.2024
Romanian fast food chain Fryday, established by Suceava entrepreneur Lucian Florea, has grown to nine restaurants and ended last year with RON28.6... more
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Inditex Group Sees 23% Increase In Pre-tax Profit In Romania In 2023
03.18.2024
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted... more
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Cristina Pîrjol Takes The Helm Of Fashion Days Starting With April 1, 2024
03.12.2024
Cristina Pîrjol, Commercial Director Selection for over eight years within Fashion Days, the largest online fashion retailer in Romania, will take... more
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Leroy Merlin Leases Two Retail Spaces In Bucharest From Austria's Supernova
03.12.2024
Leroy Merlin, the second-largest DIY retailer in Romania by revenue, leased two retail spaces in Bucharest with a combined area of 21,000 sqm from... more
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La Mama Restaurant Chain Set To Resume Expansion In 2024
02.28.2024
La Mama restaurant chain, started by entrepreneur Catalin Mahu 25 years ago, plans to resume expansion in 2024 and open two new units, within... more
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Cushman & Wakefield: Bucharest Hotel Market Continues Post-Pandemic Recovery
02.27.2024
While the average hotel occupancy level across the CEE-6 capitals – including Bucharest, Bratislava, Budapest, Prague, Sofia, and Warsaw – in... more
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Pepco Could End 2024 With 500 Stores If Expansion Continues At Same Pace
02.23.2024
Fashion discount store chain Pepco, Romania's leading fashion retailer by sales in 2022, according to the latest public data, could end the year... more
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Kaufland Opens Fifth Store In Constanta, Grows To 175 Hypermarkets In Romania
02.23.2024
German-held retailer Kaufland has opened its fifth store in Constanta, bringing its network to 175 stores in Romania. more
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Online Retailer Elefant Files For Insolvency
01.31.2024
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with... more
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Flanco Sees Record Sales In 2023
01.30.2024
Flanco, the second largest actor in Romanian computer and electronics retail, achieved record sales of RON1.275 billion last year, 20% higher than... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.