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 third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
