The Competition Council has expressed its agreement in principle for the retailer Annabella SRL to purchase the 87 stores that Mega Image has committed to selling in order to complete the takeover of Profi Rom Food SRL, the competition authority informs in a press release.The Competition Council authorized the transaction through which Delhaize "The Lion" Nederland BV (Mega Image) took over Profi Rom Food SRL with conditions relating both to the relationship with suppliers and to the functioning of the local retail market for consumer goods, mainly food, through stores.Thus, Mega Image has committed to divest 87 stores in 44 localities where the activities of the two companies overlap and could lead to a reduction in consumer choice.In this context, Mega Image presented to the competition authority the proposal that Annabella SRL purchase the 87 stores, including all the assets and personnel necessary to ensure the viability and competitiveness of the respective stores, in particular: commercial space, equipment, personnel, stock, clientele and commercial ford."Through this acquisition, Annabella will enter markets where it has not been present before, such as Cluj, Bihor, Timis, Bacau, Vrancea or Constanta, becoming a new competitor on the retail market. As a result, we have given our agreement in principle, with final approval to be given by authorizing the transaction," said Bogdan Chiritoiu, president of the Competition Council, quoted in the press release.Annabella SRL is a retailer with Romanian capital, which operates 118 stores in the counties of Arges, Brasov, Dambovita, Giurgiu, Ialomita, Olt and Valcea. (PHoto:https://www.annabella.ro/)
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
