6.4 C
Bucharest
March 3, 2021
BUSINESS

Romania, seventh in chart of highest number of retailers on local market

Romania reached the seventh position in a chart realized by the CB Richard Ellis Company, depending on the number of international retailers that entered the local market in 2008, Mediafax reported. The study was also based on the increase of the buying power and on the opening of new trade centres.In 2008, one of the most active years defined by the entrance of major international brands on the local markets, Romania surpassed countries of Central and Eastern Europe such as Russia, Ukraine, Bulgaria, the Czech Republic, Slovakia and Poland. The countries placed in front of Romania were Saudi Arabia, Kuweit, Serbia, Indonesia and the UAE. “Even if the year 2009 is highly affected by the international financial crisis, Romania still remains interesting for brands that gained a great reputation worldwide and recently opened their first stores in Bucharest, such as C & A, Decathlon, Imaginarium, Mladinska, Glou, Cortefiel, Peacocks,” according to the CBRE study. Other brands, such as Gap, Bebe, Vero Moda and Jack & Jones announced the plan to open subsidiaries in Romania this year.

Related posts

Consistent EBITDA Growth in 2020 for Telekom Romania Group

NINE O'CLOCK

Budget rectification in May-July

Test

Gas exports from Romania

Nine O' Clock