Retailers in Romania Plan $252 Million Investments, ZF Reports

Retailers on the Romanian market plan to invest about 200 million euros ($252 million) to expand their networks in the country by the end of this year, Ziarul Financiar reported today, citing its own estimates.

The 13 retailers in Romania, including Groupe Auchan SA of France and Germany’s Kaufland Stiftung & Co KG, plan to open as many as 80 new stores this year after 117 were opened since the beginning of 2012, the Bucharest-based newspaper said.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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