The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Wednesday, 13 December 2017

Romania's retail market goes up 12% in 2017




Romania’s retail market is estimated at EUR 40 billion this year, up 12% over 2016, according to a study by credit insurance company Euler Hermes.

About 85% of the products sold in Romania are of mixed origin whereas only 15% are from local production.

The local retail market has gone up in the last two years due to the increase in the gross minimum wage, the VAT cut from 24% to 19%, and the higher employment. Increased consumption has boosted the dynamics of the retail market.

Some 230,000 sqm of new retail space were delivered last year, up 40% over 2015. The modern retail sector saw a record number of 240 new stores. Profi was the most active retailer, with 134 new stores, followed by Mega Image with 60. Retailers have focused on opening proximity and small-format stores.

Four large companies have a stake of 60% in the modern retail market, namely Kaufland, Carrefour, Metro Cash&Carry and Auchan.


Source: https://www.romania-insider.com/romanian-retail-market-2017/

More details about the dynamics of the Romanian retail in the FRD Center businessblog at http://market-entry-romania.blogspot.ro/2017/06/modern-retail-in-romania-develops-at.html
and
http://market-entry-romania.blogspot.ro/2017/05/romanian-retail-registers-double-digit.html

More details about the development of the food retail in Romania in the FRD Center businessblog at
http://market-entry-romania.blogspot.ro/2017/08/romanian-food-retail-development-in-2017.html

More details about the DIY and building materials retail in Romania in the FRD Center businessblog at http://market-entry-romania.blogspot.ro/2017/07/romanian-diy-market-new-developments.html

The study does not refer to garments or electronics retail, for example.

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For tailor-made sector data and B2B matchmaking with players in the Emerging Markets in Europe, feel free to contact the FRD Center team at:

email: europa@frdcenter.ro or tel: +4021 411 1459/60/61

Are you looking to connect with local specialised importer-distributors and direct buyers or with local suppliers / manufacturers in markets such as Romania, Czech Republic or Poland?

Perhaps we can collaborate. For tailor-made sector data and B2B matchmaking with players in the Emerging Markets in Europe, for product introduction to potential buyers in Romania, Poland, Czech Republic, Serbia, Lithuania etc. feel free to contact the FRD Center team at: email:europa@frdcenter.ro or tel: +4021 411 1459/60/61


FRD Center provides market research in Eastern Europe and the region, B2B matchmaking in the CE Europe and SEE, M&A assistance in Romania, in CEE and SEE, in the Emerging Markets in Europe.

The FRD Center B2B Matchmaking services involve identification and selection of most relevant targets, direct liaison at Manager level, presentation of the Client's products / services, pursuit for obtaining expression of interest in a 1-2-1 meeting with the Client representative, arranging and confirming 1-2-1 business meetings in a Commercial Agenda / Business Itinerary in the market, assistance on location, follow-up etc.

FRD Center organises B2B meetings, Trade Missions, Trade Delegations and business matchmaking between foreign producers, manufacturers, exporters and local buyers, importer-distributors, wholesalers, supliers in Romania, Eastern Europe and Emerging Markets in Europe.

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