Romanian Retailers See 17% Lower Sales In ‘09 – UTI

Dinca added that the most important companies on the retail market registered up to 7% lower sales in the first two months of the year, compared with the similar period of 2008.

„The sharp downward trend of white goods sales is obvious. After the general upward trend of retail sales continued in 2008, the first months of 2009 show a deterioration for the main companies,” Dinca said.

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UTI Retail Solutions, part of Romanian group of companies UTI, owned by businessman Tiberiu Urdareanu, specializes in security solutions for commercial and industrial spaces.

In 2008, the company reported a turnover of over EUR20 million.