09.18.2024

Meta Estate Trust, a holding company operating in the real estate field, has signed memorandums of understanding for the acquisition of four commercial spaces that will be developed in several more

08.21.2024

German-held discounter PENNY, which has some 380 stores in Romania, has started works on its fifth warehouse in the country, located in Mihailesti, in the county of Giurgiu, and the investment is more

08.13.2024

German-held discounter Penny, which has around 380 stores in Romania, is starting work on its fifth warehouse in the country, near Bucharest, this year. more

05.28.2024

German-held retailer PENNY is opening the country's first fully autonomous store in the Politehnica area of Bucharest on Wednesday, where the shopping experience is entirely digital. more

05.16.2024

Discount store chain PENNY Romania, held by Germany's Rewe Group, announced on Thursday (May 15) that it ended 2023 with a turnover of over RON8.32 billion, up 16% compared to 2022. more

12.18.2023

German supermarket chain REWE, one of the most powerful retailers in Europe, said on Monday (Dec 18) that it opened a new Penny store in Romania, its 363rd in the country. more

10.23.2023

Dan Crisan will be taking over as the new Chief Operating Officer (COO) of PENNY | REWE Romania, starting January 2024. more

09.14.2023

Germany’s Rewe Group, one of the most powerful retailers in Europe, which owns discount store chain Penny Market in Romania, is aiming for EUR2 billion sales a year on this market soon, CEO Lionel more

06.15.2023

Enel X Way Romania, part of Enel X Way, a company of the Enel Group dedicated to electric mobility, collaborates with retailer PENNY for the installation of a network of 64 charging stations for more

05.10.2023

Discount retailer Penny Romania, held by Germany’s Rewe Group, ended last year with RON7.2 billion sales, an increase of 33% on 2021. The growth is because of the expansion of the store chain, the more

03.07.2023

Discount retailer Penny Romania has received a EUR160 milion cash infusion from its parent company in Germany, which it will use to speed up development, ZF has found. more

02.15.2023

Daniel Gross, Penny Romania CEO, says that by yearend 70 of the company’s stores and all its four warehouses will have photovoltaic panels installed. more

12.21.2022

German-owned discount store chain Penny, one of the most active retailers in Romania, continues its expansion plans by opening 13 new stores in December 2022, reaching a total 36 new units in 2022. more

09.12.2022

According to the representatives of PENNY Romania, private labels account for around 30% in the company’s business and their weight is set to grow further in the coming period. more

04.14.2022

German-owned discount store chain Penny on Thursday said it ended 2021 with a turnover of RON5.39 billion, up 14% from 2020, and a net profit of RON123 million, up 44.8% on the year. more

12.09.2021

Penny continued to open new stores during the pandemic, 20-25 units per annum, but wants to step up and even double up the pace toward 40 units starting 2022. more

11.09.2021

2021 has topped initial expectations for Penny Romania, despite the pandemic and inflation that hurt companies in various fields, so that the retail is poised to see turnover go up by around 15%, to more

10.08.2021

German-owned discount store chain Penny aims to have 60% of products sold in Romania manufactured and processed in Romania by 2022, according to the company’s representatives. more

08.11.2021

Pharmaceutical company Ropharma (RPH.RO) held by several Cyprus-based companies has secured approval from shareholders to sell an 8,852 square meter plot on Soseaua Bucium in Iasi to Rewe more

05.28.2021

German-owned discount retail chain Penny, which operates a network of almost 280 discount stores in Romania, seeks to extend its local partnerships in order to boost the number of stores with more

05.11.2021

German-owned discount retail chain Penny, which operates a network of almost 280 discount stores, had a net turnover of RON4.73 billion in 2020. more

04.01.2021

This year will be more difficult than the first year of the pandemic, whose impact will be stronger in 2021, believes Daniel Gross, the chief executive officer of German-held discount store chain more

01.26.2021

Discount retailer Penny will continue to hire in 2021, as a result of store chain expansion and the development of a new warehouse. more

12.21.2020

German-held discount store chain Penny has opened 20 stores this year without closing any in Romania. The company expanded at the same pace it announced a while ago and will continue do so in the more

06.15.2020

German-owned discount retail chain Penny Market reported a turnover of RON3.96 billion for 2019, up 15% on the year, while its net profit grew 53%, to RON55.15 million. more