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News in Business
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British retail group Tesco, with 73 billion euros in turnover, is in negotiations to enter the Romanian market by acquiring Real hypermarket chain, held by German group Metro, say market sources. read more...


The beer market will continue to decline next year, though at a slower pace, as purchasing power will stay low and the price of commodities will rise, estimates Constantin Bratu, general manager of Romanian Brewers' Association. read more...


One of the biggest pharmaceuticals distributors in Romania, Relad, has legal problems caused by a second company, Relad International Pharma, which filed for insolvency last week. read more...


Modern retail, put by ZF at 7-9 billion euros, will continue to expand, but chances are slim for a new player opting for a greenfield investment on a market with more than 650 hypermarkets, supermarkets, cash & carry stores and discount stores. read more...


American-based Groupon, which has developed a global network of websites with 40 million subscribers, proposing to users in every country a "deal of the day" every day - the possibility to purchase a product or a service at a discount for a limited period of time, estimates it could reach 500,000 subscribers for the service that will become operational in Romania next week. read more...


Decathlon French sporting goods retailer, owning five stores domestically, announced it will reach at least 20 stores in Romania in ten years, but the retailer's representatives do not provide information about the number of stores due to be opened next year, saying talks are still underway. read more...


In furniture and home décor stores, sales of seasonal items are likely to rise by 20-30% from a year ago amid the broader offer, according to the estimates of the main players in the field. read more...


Modern retail--hypermarkets, supermarkets, cash&carry and discount stores--accounted for over 50% of Romania's total retail market this year, exceeding traditional commerce, according to Competition Council official Valentin Mircea. read more...


Consumption of spirits in Romania has decreased this year to 5 liters per capita from 6 liters per capita last year because of the recession, Romulus Dascalu, head of the Garant employers’ association in the industry, told Mediafax. read more...


Twelve of the biggest retailers on the Romanian market, in sectors such as DIY (BauMax, Dedeman and Hornbach), food retail (Kaufland, MiniMax, Profi, RED Market, Plus) and electronics & home appliances (Altex, Domo and Flanco) have either finalised or are in the process of opening 20 new stores before Christmas, following investments estimated at 70 million euros. read more...




Less than one year after being appointed at the helm of cigarette producer Philip Morris Romania and Bulgaria, Roman Yazbeck, 41, was promoted as vice-president of the Russia division of the cigarette producer, which employs over 3,500, has two plants, and nearly 100 sales offices. read more...


Selgros, the third largest player in domestic retail after Metro Cash&Carry is to exit Germany's Rewe group and will be held, starting January 10, 2011, by Coop, which operates the second biggest supermarket chain on Switzerland's market. read more...



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