Belgium’s United Petfood giant, one of the world's largest pet food producers, with plants in many European countries and in the US, is investing EUR35 million in a Romanian production facility in Racari, Dambovita County, ZF has found.
Somproduct, one of the largest online retailers of furniture and home décor in Romania, filed for insolvency at the end of last year. At the same time, Cadar Capital SRL, another company of the group controlled by the Cadar family, defaulted.
Turkish online retailer Trendyol, majority held by China’s Alibaba giant, has attracted over 1.3 million active shoppers and sold more than 13 million products during its first year in business on the Romanian market.