The retail market in Romania had a slow start this year in terms of development activity. However, a consistent recovery is expected for the rest of the year, as projects totaling approximately 120,000 sqm are scheduled to be completed in […]
PENNY Romania ended 2023 with a turnover of over 8.32 billion RON, up 16 percent compared to the previous year. The company invested over 634 million RON, the equivalent of over 130 million euros, in the expansion and modernization of […]
Arctic, the leader of the home appliances market in Romania, aligns its name with the new global corporate identity and becomes Beko Romania, starting April 2024. This change is an integral part of the renaming process of Arçelik under the […]
2023 ended with one of the best results since 2011 in terms of deliveries of new modern retail projects, adding around 220,000 square meters to the total retail surface, more than double compared to the past couple of years, according […]
Kaufland Romania expands its presence at the national level and opens the fifth store in the city of Constanta. Through this investment, the company reaches a national network of 175 hypermarkets and creates 60 new jobs. The new Kaufland store […]
Flanco announced the acquisition of its first two real estate projects for new greenfield stores. They are in commercial areas of Botosani and Brasov and were purchased in the last six months, each with an area of 5,000 square meters. […]
Carrefour Group announces the appointment of Gilles Ballot as Chief Executive Officer of Carrefour Romania starting from February 12, 2024. Gilles Ballot will report directly to Laurent Vallée, General Secretary of Carrefour Group and Executive Director of Northern Europe. “I […]
City Grill Restaurant Group, one of the strongest domestic players in the HoReCa industry, ended 2023 with a turnover of 55 million euros. For the current year, exceeding the threshold of 60 million euros is estimated, supported by the opening […]
The media retail market in Romania will exceed 10 million euros in 2024, increasing by more than 30 percent compared to the previous year, according to the analysis of Footprints AI, a Romanian technology company that develops and markets an […]
eMAG strengthens its regional management team and appoints Mircea Tomescu to the position of Chief Marketing Officer for Romania, Hungary, and Bulgaria. In this role, Mircea Tomescu will coordinate brand and marketing strategy and execution together with the integrated marketing […]
