News in Business
The top three cigarette producers on the Romanian market hiked cigarette prices by 0.3 lei (EUR1=RON4.2626) per pack this week. read more...
Fan Courier delivery services provider, one of the biggest Romanian-held couriers, owned by Romanian entrepreneurs Felix Pătraşcanu, Adrian and Neculai Mihai, ended last year with turnover worth 189.7m RON (around 45m euros), up 13% in RON year-on-year, according to the company's representatives. read more...
Romanian sales of SABMiller, producer of the Ursus and Timişoreana brands, remained steady (in terms of volume) in the October-December period of 2010, compared with the similar period of 2009, at a time when the market recorded a decline, according to data in the company's quarterly report. read more...
At least half the works of Alpine Romania, the local subsidiary of Austrian constructions group Alpine, could consist of road infrastructure works this year, said Ionel Giuglea, the company's general manager. read more...
Mechel Russian group, which owns four steel plants in Romania, announced it is about to complete investment of around 36m euros in the Oţelu Roşu foundry, part of Ductil Steel Buzău company, with a capacity of 810,000 tonnes of unprocessed steel per year. read more...
Romanian Andromede Decor, the owner of gift and home decor retailer Bam Boo, entered insolvency procedures in order to reorganize its activity. read more...
Apparel manufacturer J&R Enterprises controlled by businessman Joseph Seroussi last year reached 21.5 million euros in exports, 10% more than in 2009, a year when the company was the biggest exporter in the textile industry, according to a ranking put together by the National Association of Romanian exporters and Importers (ANEIR). read more...
French group Carrefour, the biggest hypermarket operator on the Romanian market, which also holds Carrefour Market supermarkets, reported 1.13 billion euros in turnover in Romania in 2010, down 0.4% against the previous year, according to the company's financial report. read more...
Chocolate producer Kandia, one of the best-known Romanian brands, has a new general manager - Mihuţ Crăciun, Red Bull's first head of local operations. read more...
The number of companies that sought protection under insolvency law rose by 9% compared with 2009, with the number of voluntary deregistrations up by 292%, while the number of voluntary dissolutions fell 78%, with the number of companies suspending their operations down by over 50%. read more...
German group Metro has kept its sales level steady in Romania, at around 2 billion euros, according to ZF estimates, favouring Romania for investments over other countries with a stronger and more stable economy, such as Poland's. read more...
Billa supermarket network, part of Germany's Rewe, shut down its store in Suceava before Christmas, which had operated since November 2008 on a plot of land rented for 25 years from Suceava businessman Ioan Iftodi. read more...
Retail will this year be marked by the arrival on the market of three of the biggest European players: Lidl, H&M and Leroy Merlin. On the other hand, Romanian players in this field will in their turn be the actors of some major events: Flanco electronics and electrical home appliances retailer plans to exit insolvency in March, and Romanian businesspeople will expand their retail businesses. There still are doubts about the arrival of Tesco and consumption rebound. read more...
The Romanian pharmaceutical market posted a 16.9% growth in the first 11 months of 2010, to 9.3 billion RON (2.2 billion euros), according to data of IMS Health research company. read more...
Nurofen, the best-selling OTC drug domestically, which in Bucharest costs over 16 RON, is 30-40% cheaper in other cities, shows a ZF survey based on prices available in pharmacies. read more...
The number of Romanians who saved some money to catch January promotional offers is not very high, considering the number of week-time visitors in the shopping centres of Bucharest. Moreover, consumers are not satisfied with the discounts displayed by stores, either. read more...
Azomureş Târgu-Mureş (AZO), leader of Romania's chemical fertiliser market, is likely to significantly boost its market share domestically if businessman Ioan Niculae, owner of Interagro, does not change his mind about closing all the chemical plants he owns in Romania. read more...
Romanian retail sales fell 8.9% on the year in November, the largest decrease in the European Union, official data showed Thursday. read more...
Romanian adjusted retail sales fell 1.3% in November compared with the previous month, on lower fuel and non-food product sales, the statistics institute INS said Thursday. read more...
Two new stores will join the tenant mix on the ground floor of central Bucharest's Unirea shopping centre, with Spanish clothing retailer Inditex bringing another two stores of the group into the central area of the complex - Stradivarius and Pull and Bear - after opening Zara and Bershka in the past two years. read more...
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