Profi takes over Albinuta

The Profi Rom Food company, owned by the Belgian group Louis Delhaize, will buy the Albinuta supermarket chain from the Lithuanian firm Maxima LT. The two parties are expected to notify the Competition Council with regard to this ... More

Kaufland invests EUR 7 million in hypermarket in Constanta

German retailer Kaufland will open this week a hypermarket in Constanta, following an investment of EUR 7 million and plans to open in April another store in Roman. The store in Constanta has a surface of 6,500 sqm. The company ... More

Sabanci to invest EUR 100 million in retail network

Turkish holding Sabanci, the owner of the electronic products and home appliances Teknosa stores, plans to invest in the next two years some EUR 100 million to develop the network on the Romanian market, said the group’s ... More

Rewe, second retailer to post revenues higher than one billion-euros

The sales of the Germany's Rewe Group on the Romanian market exceeded one billion euros in 2006, witnessing a 34 percent growth in comparison with 2005, daily Ziarul Financiar reports. Rewe Group, Europe's third-leading player in ... More

Auchan network to expand in Constanta and Timisoara

Auchan network will continue to expand on the Romanian market by opening next year stores in Constanta and Timisoara, said the company’s communication director, Mariana Dragan. Auchan will open in the second semester of ... More

Retailer Billa makes new attempt to buy Sofia site

Austrian retailer Billa has submitted to the Sofia municipal council a request to buy a land plot in the capital's Studentski Grad borough where it plans to build one of its hypermarkets. The previous two requests from the ... More

Metro Cash & Carry" registered income of nearly 140m EUR in Serbia

Market chain "Metro Cash & Carry" Serbia announced that it had achieved total income in amount of 137.6m EUR in 2006, which was 103.5% more than one year before. That company invested total of 67m EUR in Serbia and it ... More

Carrefour to open five hypermarkets in Romania in 2007

Retail company Carrefour Romania will open four hypermarkets this year and five units next year expanding its network to 16 stores. The company will open two units in Iasi, one in Cluj and the other in Bucharest. The retailer ... More

Kaufland to open three stores in Iasi by year-end

Kaufland opened its first store in Iasi and plans to open another two in the same city by year-end, with an investment estimated at some EUR 25 million. In the first year the company invested EUR 9 million and the other two ... More

Lidl Entering the Slovenian Market

German discount grocer Lidl will enter the Slovenian market with the opening of 15 outlets in major Slovenian cities on Thursday. Ten more stores will follow shortly, Gregor Kosi, the director of sales of Lidl's Slovenian ... More

Bulgarian grocer Evropa to open 3 stores by end-May

Locally-owned retailer Evropa said it plans to add 3 new outlets over the next couple of months, increasing the number of its network units to 23. Two near-term of the launches will be in Sofia - in the Nadejda and Krasna ... More

Kaufland opens EUR 7 million store in Sibiu

Kaufland opened a store in Sibiu, its 21st hypermarket in the Romanian network, with an investment of some EUR 7 million. The new unit will have a surface of 6,000 sqm and a parking with 330 places. The company previously said ... More

Ramstore Supermarkets Chain Exits Bulgaria

Turkish supermarkets chain Ramstore, the first foreign retailer to enter Bulgaria in 2001, is vacating its rented premises in Sofia, business daily Dnevnik reported on Friday. Ramstore sold the only store it outright owned in ... More

Turkish retailer Ramstore vacates Sofia hypermarkets

Ramstore Bulgaria AD, a wholly-owned subsidiary of the Turkish retailer Migros Turk T.A.S., has moved out of its two leased supermarkets in Bulgarian capital Sofia, pulling the plug on its local retail operations. Dnevnik ... More

Kaufland opens EUR 7 million store in Sibiu

Kaufland opened a store in Sibiu, its 21st hypermarket in the Romanian network, with an investment of some EUR 7 million. The new unit will have a surface of 6,000 sqm and a parking with 330 places. The company previously said ... More

New Carrefour hypermarket replaces Univers’All in Unirii Square

Carrefour Romania confirmed yesterday the taking over of the building of the former Univers’All supermarket in the Unirii Square in Bucharest, stated Mediafax. The store is on two storeys and stands on a total retailing ... More

Work on 100 mln euro mall in Varna to start in fall '07

The construction of the 100 mln euro retail and entertainment complex Orchid Mall Varna will start in the fall of 2007, said project head Eli Egosi on Monday. The investor in the 150,000 sq m facility is Orchid Developments, ... More

IKEA’s Sales of EUR 50 m in the first year

The richest European, according to “Forbes” magazine, Ingvar Kamprad, the owner of the Swedish holding IKEA, is for the third time in Romania. This week he wants to visit 12 of the almost 40 suppliers that the company ... More

German Chain-Store Network Aims at Bulgarian Market

The German Plus chain of stores intends to start its business in Bulgaria during the first quarter of 2008. Deputy Minister of Economy Nina Radeva presented a First-Class Investor Certificate to representatives of the Plus ... More

EBRD might grant GTC EUR 60 million loan

The European Bank for Reconstruction and Development BERD might finance with EUR 60 million a company founded by Global Trade Center GTC and Aura Investment. The company will develop a network of commercial centers in Romania. ... More