Metro and Rewe, 2 of the major retail companies operating within Romania have exceeed 1 billion Euro in turnover for 2008. Also breaking this barrier for the first time shall be Carrefour and Kaufland.
Metro, operating through the Metro Cash and Carry was the first major retailer to enter the market and is one of the country´s largest companies, comparable to the Petrom oil company which is owned by OMV; car manufacturer Automobile Dacia which is controlled by Renault and steel manufacturer ArcelorMittal.
Rewe are the 2nd largest retailer and posted a 27% increase in turnover for 2008.
In spite of the economic downturn witnessed globally, the credit crisis is not expected to impact the Romanian market with the major retailers claiming that turnover should increase this year by 10-15%.
