• austriantimes.at
• croatiantimes.com
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

24. 01. 12. - 13:00

• more Business news...
• RSS Feed Business

24. 01. 12. - 13:00

Metro opens online store in Romania

Romanian Times

German supermarket chain Metro Cash & Carry announced it had opened an online store in Romania, this being a premiere for supermarkets in Romania.

The online store Metro Office Direct offers over 4,500 products for office, furniture, electronics, IT, home appliances and cleaning products.

Marc Carena, Director Clients Management Metro Cash & Carry Romania, said in a statement:
"The market in Romania needed such a service and we are sure this initiative will prove successful."

In Romania, Metro has 32 stores, the first opened in 1996, and the group had sales of over 1.25 billion Euros in 2010, according to reports.

According to the Romanian Embassy in Berlin data, quoted by Agerpres, the German Group Metro AG invested over 1.1 billion Euros in Romania and has over 14,000 employees here.

German Metro Cash & Carry has over 700 stores in over 30 countries and over 100,000 employees. In 2010, the company reported total sales of 31 billion Euros. Metro Cash & Carry is a division of Metro Group, which had total sales of 67 billion Euros in 2010.

German investments in Romania totalled 3.84 billion Euros by 30 September 2011, according to reports, Germany is the third largest investor in Romania, after The Netherlands and Austria. Most importantly, German investments in Romania are in the automotive sector, aeronautics, electronics parts, energy, construction, transport, infrastructure and commerce.

Health minister considers taxing fast food and beer
The new Health Minister Vasile Cepoi said today (Thurs) that the next Health Care Law might include a new tax on fast food and beer, local press informs.

Romania wont ratify ACTA
Romania will not ratify the highly controversial (Anti-Counterfeiting Trade Agreement)ACTA until the agreement won't be altered as to comply with demands recently formulated by the European Court of Justice, the minister of Communication Dan Nica told a press conference today (Thurs).

Romania wont ratify ACTA
Romania will not ratify the highly controversial (Anti-Counterfeiting Trade Agreement)ACTA until the agreement won't be altered as to comply with demands recently formulated by the European Court of Justice, the minister of Communication Dan Nica told a press conference today (Thurs).

Government to introduce ‘Robin Hood’ tax on oil companies
Minister of Economy Daniel Chitoiu announced today (Weds) that the government is working on a piece of legislation on introducing a supplementary tax on the exceptional incomes of the oil companies that should be passed by the year end and implemented as of 2013.

Education Minister stepps down amid plagiarism accusations
Ioan Mang, the education minister appointed only two weeks ago together with the new cabinet of Social Liberal Union (USL) leader Victor Ponta, resigned Tuesday (yesterday) night.

Brancusi’s son doesn’t want his father remains to be moved to Romania
John Moore, the only child of sculpture Constantin Brancusi, reacted to Romania’s intention to repatriate the remains of his father, saying his last will was to be buried in Paris at Montparnasse, Libertatea newspaper informs today (Weds).

Romania back in recession, growth to resume in H2
Romania officially entered recession today, following the figures published by the National Statistics Institute (NSI) that show a decrease of the GDP for two consecutive quarters (Q).

Police head sacked over underground boss runaway row
The head of the Romanian Police Liviu Popa (picture) was sacked today (Tues) by Home Affairs Minister Ioan Rus, the ministry informs.

UK Ambassador Harris says new Cabinet took right decisions so far
The UK Ambassaodr in Romania, Martin Harris says Victor Ponta’s new government got off on the right foot by making clear that its economic policy will continue to be framed within the programme agreed between Romania and the EU, World Bank, and IMF.

Carmen Sylvas x-rayed hand to be auctioned
A x-ray of the left hand of Romanian Queen Elisabeta will be auctioned in Bucharest by Artmark auction house, Libertatea newspaper informs today (Tue).