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News in Business
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Furniture and interior decoration retailer kika, which operates a store in western Bucharest continued to see a growth trend in the first two months of 2011, a trend which is estimated to be kept for the entire year. read more...


KPMG launched in Bucharest a new consultancy office that offers audit, fiscal assistance and business consultancy for Chinese companies, a press release of the company reads. The office will support both Chinese companies doing business in Romania and local companies interested to develop businesses on the Chinese market. read more...


Unirea Shopping Center is increasingly looking like a mall as all major fashion names are lining up on the ground floor and radically changing the look of the old universal store. read more...


Romanian chicken producers project rising consumption this year amid dwindling population income and consumers' switching to cheaper products. read more...


Farmaciile Dona, one of Romania's biggest pharmacy networks, controlled by Romanian entrepreneurs, contracted a 10m-euro loan from BCR for its working capital. read more...


Wine industry players are betting on a consumption pick-up this year as signals after the first two months are positive, with sales registering a slight rebound. read more...


Businessman George Copos, who controls electrical engine plant Ana Imep in Piteşti, which posted 21.6 million-euro turnover last year, says his company must be included among the top 100 biggest local exporters, considering exports make up 95% of the plant's business. read more...


KFC fast-food network plans to open ten restaurants this year and reach a total of 50 restaurants on the domestic market and turnover worth 180m lei (43m euros), up 12% from 2010. read more...


Greek-held Olympus, French-held Danone and Romanian-held Albalact are the owners of the top three milk processing facilities in Romania. They account for around 25% of the overall capacity of the 100 or so facilities operating on the Romanian market. read more...


Constanţa, Romania's most visited city, with around 500,000 tourists each year, is still attracting international apparel retailers in the malls under construction, with giants Inditex (Zara and another 5 stores), C&A and New Yorker having sealed contracts to rent spaces of 7,500 square metres in Maritimo mall, which is under construction. read more...




Iulian Trandafir, who a month ago reverted to the position of CEO with Farmexpert, ranking second on the domestic pharmaceutical distribution market, says he plans moderate growth this year since a too big advance would also mean a higher exposure to risk, namely to pharmacies risking insolvency. read more...


Domestic sugar producers say Romania is helplessly seeing sugar prices rise internationally, while being dependent on European imports. read more...


Romanians spent 5% less on fast moving consumer goods last year compared to 2009, according to survey conducted by market research company GfKRomania. read more...


Germany's Siemens industrial group says that according to the development plans it has for Romania, it will likely hire as many as 250 people in the next two years, expecting turnover to go up by at least 10%. read more...


Penny Market, the biggest discount chain in Romania, held by German group Rewe, posted a 4.3% sales rise last year, to over 380 million euros, according to ZF calculations based on data in the annual report of the German group. read more...


Romania has just made it out of the crisis and the prices have already gone up on the market of construction supplies, considering the raw material costs rose and manufacturers want to preserve their margins at least at the same level as last year. read more...


Germany's Deichmann group, one of the leading footwear retailers in Europe, almost doubled its business in Romania in 2010, posting 115.98 million lei (27.4 million euro) turnover, at a time when the economy continued to decline, consumer spending dropped by 5.3% according to the National Statistics Institute, and the company opened 15 new stores. read more...


The Romanian government was analyzing a proposal from employers' unions to force supermarkets reserve 20 to 30% of their space to Romanian products, PM Emil Boc said on Friday. read more...


Staple foods became 20 to 40% more expensive between July 2010 and February 2011, shows the ZF index calculated based on prices in Bucharest hypermarkets. read more...


With over 50 million euros, the ruins of the former Mioriţa dairy plant, located on the outskirts of Bucharest, have in over ten years turned into a new facility where 170 people work 24/7. read more...



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