Kaufland invests EUR 7.5 million in store in Turda

Kaufland will open this week a new store in Turda, following an investment of EUR 7.5 million. The new unit has a surface of 5,350 square meters and a parking lot of 355 places. The company said it will invest some EUR 120-130 ... More

First IKEA store in Romania to open on March 21

The first store opened by Swedish furniture retailer IKEA, located in the shopping area of the Baneasa real estate complex, will be inaugurated on March 21, the company announced yesterday in a news release. The unit, located in ... More

Impressive Retail growth in Bulgaria

Bulgaria is seeing impressive retail growth, with foreign companies entering the market joining the already thriving domestic firms. Shopping culture is changing in the country as the competitive and fast-growing environment ... More

Bomenveld BV takes over Altex shares

Bomenveld BV officially took over the shares of retailer Altex. Bomenveld currently includes companies like Credex Finantari S.A, the transport company 8TIM S.A and Real Estate SRL. The taking over by a foreign company is said to ... More

Sofia food retailer Familia eyes regional cities

Bulgarian convenience store chain Familia, owned by investment fund Equest, plans to open stores in some of the nation's regional cities. At the moment, Familia has 26 stores in Sofia. The company said it has signed ... More

Selgros Cash&Carry plans three stores for 2007

Selgros Cash&Carry network will expand this year with three new units in Suceava, Iasi and Galati, the company investing in each unit EUR 15 million, said the company’s marketing director, Pia Krauss. The first store will ... More

Diverta network expands with 10 locations in 2007

RTC Holding group decided to open in 2007 10 new Diverta locations with surfaces between 500 and 1,000 sqm, the network reaching 90 units by year end. The stores will be situated in the big commercial centers around the country. ... More

Carrefour Romania sees EUR 609 million in sales

The seven Carrefour hypermarkets in Romania registered last year sales of EUR 608.9 million, a 39 percent increase on 2005, according to company data The total value of the group’s investments in Romania surpassed EUR 220 ... More

Carrefour sees 23 percent increase in sales

Carrefour Romania increased last year by 23.2 percent on 2005 to EUR 536 million, being under the company’s estimation of EUR 600 million. In the first semester of 2006, the company registered EUR 211.6 million, a 35 ... More

Artima invests EUR 15 million in new stores

Supermarkets network Artima plans to invest this year EUR 15 million to open eight new stores in the main cities of Ardeal, said the company’s operating director Claudiu Graffius. Artima Retail Investment Company has a ... More

Commercial gallery sold for EUR 10 million

Sigic company sold the commercial galley in Carrefour Militari to Promo Imobiliare Terziaria PIT for $10 million. Sigic has two associates: the branch of an Italian company PIT and Phoenix SRL. The sale includes the plot, the ... More

Shopping mall to replace demolished tobacco factory in Pleven

A shopping mall will be constructed on the site of a condemned tobacco factory in Pleven. Businessman Aladin Harfan has acquired the land plot occupied by the factory due for demolition on January 11. Harfan plans build ... More

State-Owned Stake in Merkur Goes to Retailer Tus

The state-owned KAD and SOD funds have sold their 24.32% stake in technical goods chain Merkur to retailer Tus, the CEO of Merkur Bine Kordez told STA on Thursday. Kordez said that Merkur was satisfied with such a development ... More

Sky City Mall Challenges Bulgarian Shopping Addicts

Sofia's third mall opened its doors with the promise to make its visitors feel sky-high when they enter the building - Sky City Shopping Center. The new Sky City Center is located in the neighbourhood of Geo Milev and disposes of ... More

Department stores in Novi Sad and Timisoara as a result of Serbian-Romanian economic collaboration

The employers from Vojvodina will develop their business in 2007 through trade with the colleagues from Romania. It has been agreed that the department store with exclusively Serbian goods be built in Timisoara, whereas Romanian ... More

Hellenic Petrol to build business center

The Greek National Fuel company Hellenic will be building a business center on the Belgrade- Niš highway. So far nine million euros has been invested in the project, which should employ 120 to 150 workers once it is ... More

German discounter Lidl revives plans for Bulgaria entry

The plans of German discount chain Lidl, a Schwarz Group company, to enter the Bulgarian market are apparently once again on the front-burner after in mid-2006 the company said it was putting on hold its expansion in the Balkan ... More

Fantastico supermarket to open in Kyustendil

Locally-owned food retailer Fantastico has picked Kyustendil, a city south-west of Sofia, for the location of its first outlet outside of the capital. The Kyustendil launch will bring the number of outlets in the Fantastico ... More

Bucharest inhabitants wish non-stop hypermarkets

Bucharest inhabitants wish that hypermarkets operate non-stop, especially during Winter Holidays, shows a study conducted recently by MEDNET Marketing Research Centre. Hypermarkets are preferred as goods' acquisition centres for ... More

IKEA eyes Serbian market

IKEA, the world’s leading low cost home furnishings retailer, is looking to build its facility in Belgrade. Politika daily reports that the Swedish company is looking to open a regional center for this part of Europe in ... More