Retail

First e-PARK in Europe: Moldova Innovation Technology Park (MITP)

Magda Purice Posted On July 2, 2024

Moldova aims to become a technological hub by attracting global talent and investments Moldova Innovation Technology Park (MITP) is the first e-park in Europe, a pillar of Moldova’s tech and innovation industry. The park has confirmed its uniqueness by adopting […]

3.8K Views

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José Alberto Chueca Val takes over the role of CEO of Lidl Romania

Magda Purice Posted On June 25, 2024

After 3 years at the helm of Lidl Romania, Marco Giudici takes on a strategic position in the international Procurement team of the Lidl Group, starting in September 2024. José Alberto Chueca Val will take over the role of CEO […]

4.5K Views

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New Luxury Destination in Bucharest – H Știrbei Palace – Brings Together CBRE Romania and Hagag Development Europe

Magda Purice Posted On June 25, 2024

Leading real estate consultancy company CBRE Romania and real estate investor-developer Hagag Development Europe sign an exclusive agreement, to put Romania on the map of luxury shopping destinations. The luxury goods market in Romania is estimated to generate EUR 535.82 […]

3.4K Views

Editor Choice / Latest News / Retail

Bonapp signs partnership with PENNY Romania

Petre Barac Posted On June 18, 2024

Bonapp, the Romanian startup that combats waste by connecting consumers with retailers selling food close to its expiration date, is unveiling a major update in its partner application and announcing expansion to every county in Romania, with over 150 towns […]

3.7K Views

Editor Choice / Latest News / Retail

PENNY launches the ‘autonomous’ store concept on May 29 in Bucharest

Petre Barac Posted On May 28, 2024

PENNY announces a premiere on the local retail market by launching its first autonomous store in the country, in Bucharest. The new store is located in the Politehnica area and offers a 100% digital shopping experience. In a 349 square […]

3.9K Views

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Cushman & Wakefield Echinox: Slow first quarter for retail supply, but consistent recovery is expected for the rest of the year

Petre Barac Posted On May 23, 2024

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 […]

4.4K Views

Economics / Editor Choice / Retail / Top stories

PENNY Romania reports net profit of 224 million RON in 2023, expects double digit growth for 2024

Petre Barac Posted On May 16, 2024

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 […]

3.9K Views

Retail / Top stories

Arctic changes its corporate name to Beko Romania

Petre Barac Posted On April 10, 2024

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 […]

3.6K Views

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Colliers: 2024 signals increased interest in large mixed-use developments

Petre Barac Posted On February 23, 2024

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 […]

3.6K Views

Investments / Latest News / Retail

Kaufland opens new hypermarket in Constanta

Petre Barac Posted On February 22, 2024

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 […]

3.2K Views

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