06.13.2014

Companies in modern retail successfully improved the efficiency of their operations during the crisis, cutting down the number of employees per 1,000 square meters by 25%. more

06.13.2014

The 24% sales tax and the mark-up added by retail chains are partly to blame for the shelf prices of products in Romanian stores, says Jarek Malinowski, the executive who runs the over EUR180 million more

06.12.2014

Romania’s Finance Ministry is considering selling government securities to the population, provided it can reach a satisfactory agreement with the Bucharest Stock Exchange and the Financial more

06.06.2014

Online retailer Elefant.ro wants to triple its revenue this year against 2013, to EUR20 million, amid the expansion of its product portfolio, set to turn the business initially started as an online more

06.05.2014

Romanian retail sales fell 3.2% in April from a month earlier, the sharpest decline in the European Union, official data showed Thursday. more

06.05.2014

Unicarm, owned by Romanian businessman Vasile Lucut, is set to open between 10 and 15 proximity stores and supermarkets this year and go beyond the threshold of 100 retail units almost ten years after more

06.03.2014

Romanian adjusted retail sales fell 3.2% in April from the earlier month, the first monthly decrease after a strong first quarter of the year for domestic consumption, data from the statistics more

06.02.2014

Real hypermarkets reported losses of almost 304 million lei (EUR68.7 million) last year, the steepest since the company entered the Romanian market in 2006, according to Trade Registry data. more

06.02.2014

Consumption gave real signs of a rebound in 2014, with visible effects both in stores and in Bucharest’s old town, as well as in real estate, says Jean Baptiste Dernoncourt, the head of more

05.30.2014

French group Carrefour, already present in Romania with around 150 stores operating under four concepts, has introduced the Contact brand on the Romanian market this year, which it plans to launch in more

05.27.2014

Italy’s underwear retailer Calzedonia, present in Romania with a 6-store network under this brand, owns an underwear manufacturing plant in Arad (western Romania). The plant, Aries Textiles, boasts more

05.22.2014

Polish fashion retailer LPP Fashion, which operates the Cropp Town, House and Reserved brands in Romania, posted 27.3 million zlotys (EUR6.5 million) revenue in this country last year, up 8% in zlotys more

05.21.2014

Cash&carry store chain Selgros saw its revenue drop below the EUR700 million threshold and profit shrink to less than one third of the 2008 level, to EUR12.2 million, in 2013. Alexandru Vlad, the more

05.19.2014

In the past five years, the real estate portfolio of investment fund NEPI has swollen from less than EUR100 million to over one billion euros. South-African-born Martin Slabbert, the fund’s chief more

05.16.2014

Germany’s Lild has put up for sale 15 land plots covering more than 8.5 hectares which are adjacent to the stores the company has already opened in several cities of Romania such as Buhusi, Orastie more

05.16.2014

United Arab Emirates group Peeraj entered Romania’s fashion market eight years ago and now holds over 40 stores under nine brands in a franchise system, including Geox or Swarovski, and reached more

05.13.2014

Location, location, location - why Romania? more

05.12.2014

Belgian-held retailer Mega Image ended last year with about EUR530 million revenue in Romania, an increase of almost 35% on 2012. more

05.12.2014

KazMunayGas International, the former Rompetrol group, set out to hire more than 500 people by yearend, taking the total number of employees in Romania to over 6,000. more

05.08.2014

German-held Kaufland, leader on the Romanian modern retail market, no longer sells the products of Coca-Cola giant in its Romanian stores, except 2.5-liter Coca-Cola products. more

05.06.2014

Germany’s Lidl, which owns in Romania a network of over 170 stores with annual sales of around EUR700 million, plans to expand to Bragadiru, near capital city Bucharest, on a land plot of the more

05.06.2014

German group RWE, one of Europe’s largest utility, is set to enter the energy supply segment in Romania, with the target of becoming a major player on the medium term in spite of competition from more

05.05.2014

Financial group UniCredit Tiriac Bank, which includes the fourth bank in Romania by assets and consumer finance company UniCredit Consumer Financing, aims to increase the volume of loans granted to more

05.05.2014

Romanian adjusted retail sales rose 2.3% in March from the earlier month, on higher sales in all sectors, the statistics institute INS said Monday. more

05.02.2014

Retail lending is starting to show more visible signs of rebound, which means consumers are feeling more confident to apply for mortgage or consumer loans. more