Jimmy Key company from Turkey, with over 30 years of experience in womenswear, will open in 8th of December the second store in Romania within the AFI Cotroceni in Bucharest, developed by AFI Europe. Jimmy Key has leased a space in the project through a transaction brokered by the real estate consultancy company Cushman & Wakefield Echinox. “We are very glad to announce the opening of the second Jimmy Key location in Bucharest, after the entering Romania market just few months ago. This new investment shows the strong commitment of the company for Romania, company which plans to continue the expansion in the near future. We believe Romanian retail market remains a key location both for the existing brands and for those which are looking to increase their footprint in the region,” says Dana Radoveneanu, Head of Retail Agency, Cushman & Wakefield Echinox. Romania is the fourth market where Jimmy Key is present, the company having most of its stores in Turkey. Jimmy Key has grown exponentially over the years and has established itself as a household name in Turkey, with 68 standalone stores. “Over the next five years we are planning to open more than 10 stores in Romania, as per our global strategy. We are aiming to reach a larger audience in the region and worldwide also with Jimmy Key’s unique style that combines comfort, high quality and elegance. Jimmy Key currently has stores in Turkey, Cyprus, Azerbaijan, UAE, and Saudi Arabia,” adds Elvan Ünlütürk, Chairperson of the Board, Jimmy Key. Jimmy Key is a popular Turkish women’s clothing brand founded in 1997. The mother company, Sun Tekstil has been creating collections of garments and fabrics for the world’s biggest retailers for more than 35 years. With all the strong and deep know how in the group, Jimmy Key is privileged to create trendy and sustainable collections. Supporting its collections with 3D designs and digital fabric libraries enables Jimmy Key to lead the sector in the long path for sustainability. AFI Cotroceni is the largest and most dominant shopping center in Romania. The shopping center spreads over a leasable area close to 90,000 sqm GLA. The project offers a variety of over 350 shops from the leading local and international brands, a modern food court, an indoor ice ring, entertainment & relaxing areas and services.
Judge Lia Savonea has been appointed president of the High Court of Cassation and Justice, Romania’s top judicial authority, following a vote by the Judges’ Section of the Superior Council of Magistracy (CSM), Hotnews.ro reported on June 23. Savonea received...
Romania's new government is weighing the introduction of a temporary tax on what it terms the "excessive profit" of banks, according to the ruling strategy confirmed by minister of finance Alexandru Nazare and cited by Economedia.ro on June 23. The measure is expected to generate...
Romania’s new government plans to repeal the current regulation requiring state-owned companies to distribute the majority of their annual profits as dividends, according to the official ruling strategy signed by the four-party coalition. Instead, profits generated by state-owned energy companies will be reinvested through a newly established energy investment fund,
Romania’s planned increase in the dividend tax rate from 10% to 16% is expected to generate RON 3.6 billion (EUR 720 million) in annual revenues, finance minister Alexandru Nazare said on June 23 following his hearing before the expert committee in Parliament. “Yes, it is an annualised amount for next year, with an impact of […]
Romania’s new government, backed by the four pro-Western parties in Parliament holding a majority of 65%, has not published its ruling strategy, while versions of it have leaked to the media, providing a broad image but not very specific details. Notably, the strategy is expected to incorporate the elements outlined in the updated fiscal plan […]
Romania's new government, headed by prime minister Ilie Bolojan and backed by the four pro-Western parties in Parliament, was endorsed with a majority of 65% of the votes (301 of 465 MPs) and already held its first meeting on Monday, June 23, according to Hotnews.ro. The endorsement...
