12.03.2013

Romanian adjusted retail sales edged up 0.4% in October from the earlier month, fueled by higher sales of food and drinks, the statistics institute INS said Tuesday. more

11.27.2013

Less than a decade ago, Bucharest’s Old Town was a place of derelict buildings, homeless people and stray dogs freely roaming the streets. Now some 200 bars, restaurants and coffee shops populate more

11.25.2013

Romanians shook off their shopping gloom for the Black Friday three-day weekend and bought products of around EUR70 millions of euros from traditional and online IT &C retail, up from last year. more

11.22.2013

eMag, the largest IT&C retailer in Romania, which last year generated sales of EUR165 million, will be the command center of South African Naspers group’s expansion to other European markets on the more

11.19.2013

Romanians buy as many electronics, home appliances and IT products as they buy fragrances, with the former making up 2.6% of the consumer basket, Madalin Rugeanu, property&development manager at more

11.19.2013

Romanians have started buying cheaper products this year and the value of the local fast moving consumer goods market (FMCG) has increased 1%, according to GfK. more

11.19.2013

Modern retail, a EUR7 billion to EUR8 billion market, has managed to gain more than half of the local retail in less than two decades, so international chains now account for 53% of it compared with more

11.18.2013

Street front retail space rents continued to rise in Romania and currently exceed EUR7 per square meter/month in Bucharest, according to real estate platform SpatiiComerciale.ro. more

11.14.2013

The Romanian retail market is becoming more and more attractive to investors and about 40% of retailers interested in Central and Eastern Europe (CEE) are looking at Romania, according to Colliers. more

11.14.2013

Retailers hosted by shopping center Shopping City Ploiesti, which was opened in November 2012, registered sales of over EUR25 million over the past year, the mall said in a press release Thursday. more

11.14.2013

The automotive retail, real estate agencies and food retail are Romania’s most competitive markets, while the cement, notaries public and natural gas production sectors are the least competitive, more

11.13.2013

The Magheru Boulevard in Bucharest is ranked 55th in a Cushman&Wakefield chart of the most expensive 64 boulevards in the world, with an average annual rent of EUR600 per square meter (or more

11.07.2013

The development of the Romanian retail sector has been cramped by the country’s macroeconomic situation, and household consumption declined in 2012 as the country’s gross domestic product more

11.04.2013

Romanian adjusted retail sales inched down 0.1% on the month in September, due to lower sales of food, drink and tobacco products, the country’s statistics institute INS said Monday. more

10.31.2013

Lipscani Street in the Old Center of Bucharest, a once thriving shopping street of the city, which is now struggling to regain its identity, will become a major shopping destination again in two or more

10.25.2013

Small retail investors have subscribed 0.5% more shares than they are offered at an initial public offering for 15% of Romanian state-run natural gas producer Romgaz. more

10.23.2013

One of the reasons why some shopping centers in Romania are facing difficulties is that they failed to keep pace with changes on the retail market and did not invest in modernization, Carmen Ravon, more

10.23.2013

Cafea Fortuna, the largest coffee producer in Romania owned by Constantin Moroianu, manages to cope with the fierce competition of famous brands like Jacobs and Nescafe, due to the customers of small more

10.22.2013

Bucharest’s heavy industry has been turned into scrap iron or relocated on the outskirts at best in the last ten to fifteen years and the former plant sites have and will continue to be used for more

10.21.2013

Germany, the third largest foreign investor in Romania’ economy, with more than EUR6 billion pumped locally over the past twenty years, neither brought any of its major banks to Romania nor built a more

10.18.2013

Farmec Cluj, a Romanian company that has been manufacturing cosmetics for more than a hundred years is competing with multinationals and exporting to 35 countries throughout the world. In the last more

10.10.2013

Pharmaceutical wholesaler and retailer Ropharma could see its retail pharmacy network reach 150 pharmacies by the end of 2014 from the current 126, says businessman Mihai Miron, who controls the more

10.09.2013

South-African investment fund NEPI plans to start work on three more retail projects in Romania by the end of this year, which will entail a total budget of around EUR200 million. The fund has a more

10.08.2013

The average interest on corporate loans in lei rose slightly in August to 8.7%, while the average deposit interest fell by almost 0.7% to 3.4% a year, reveal central bank data. The corporate segment more

10.04.2013

Salaries of top managers in retail remain some of the most competitive on the market, as retailers continue investments and recruitment. more