Pharmaceutical Retail Doubled to More Than RON20B in Ten Years

12.14.2020
Romanians spent more than 20 billion lei in pharmacies last year, as their medicine and food supplement purchases rose by 8% in 2019 year on year, Trade Register data show.
-
MedLife Opens Largest Medical Clinic In Deva Following EUR2.7M Investment
01.19.2023
Private medical services operator MedLife (M.RO) continues its expansion plans at national level with the inauguration of the largest medical... more
-
Hospital And Medical Center Network Arcadia Expects RON175M Revenue in 2022
01.13.2023
Hospital and medical center network Arcadia, which operates in Moldavia, inaugurated the Medical Rehabilitation Hospital (Spitalul de Recuperare... more
-
Private Hospital Nova Vita Ends 2022 with EUR7.7M Turnover, Up 15% YOY
01.11.2023
Nova Vita hospital of Targu-Mures, one of Romania’s largest private hospitals, a business founded by entrepreneur Virgil Mailat, in 2022... more
-
Competition Council Greenlights MedLife’s Acquisition of Muntenia Hospital in Pitesti
01.11.2023
MedLife (M.RO) has added another hospital to its portfolio after completing the acquisition of Muntenia Hospital in Pitesti, Arges County, from... more
-
Teodor Holhos, Founder of Dr. Holhos Ophthalmology Clinics, Builds 5-Storey Hospital in Alba Iulia
12.23.2022
Teodor Holhos, an ophthalmology surgeon and founder of Dr. Holhos ophthalmology clinics, a network that includes five clinics, is building a... more
-
Dent Estet Takes Over Bucharest Clinic DentaLife
12.20.2022
Dent Estet network, part of MedLife group, has taken over stomatology clinic DentaLife of Bucharest, previously part of MedLife portfolio. more
-
MedLife Signs EUR228M Syndicated Loan To Refinance And Increase Existing Syndicated Loan
12.14.2022
MedLife, the leader of the private medical services market in Romania, in a stock market on Wednesday (Dec1 4) announced the signing of a... more
-
Turkey’s Memorial Healthcare Enters Romania by Acquiring Monza Hospital
12.05.2022
Italy’s Monza has sold the oncology hospital part of Enayati Medical City to Turkey’s Memorial Healthcare, which owns 11 hospitals in Turkey... more
-
Electrica Furnizare Develops PV Panels For Labormed Pharma Factory In Bucharest
11.29.2022
Electricity supplier Electrica Furnizare, part of Electrica Group, concluded a partnership with Zentiva Romania for the installation of... more
-
AmCham: Healthcare Is An Investment In Romania’s Present And Future Growth
11.23.2022
AmCham Romania made the case for increased investments in healthcare, building on the main findings of the dedicated report “Healthcare as... more
-
Cegedim: Romania Medicine Market Grows 21% To RON24B In Oct 2021-Sept 2022 Period
11.17.2022
Romanians bought medicines worth RON24 billion (EUR5 billion) in the period October 2021 – September 2022, at wholesale prices, 21% more than in... more
-
Provita Opens First Clinic Outside Of Bucharest, In Suceava, In EUR2.5M Investment
11.15.2022
Medical group Provita, majority held by Medlife, has opened its first clinic outside of capital city Bucharest, in Suceava (north-eastern Romania),... more
-
Biofarm Posts 20% Higher Net Profit and 17% Higher Sales in Jan-Sep
11.14.2022
Drug manufacturer Biofarm (BIO.RO) recorded a net profit of RON65.7 million in the first nine months of 2022, an increase of 20% on the previous... more
-
Zimmer Biomet Opens Its First Romanian Office In Sema Parc
11.11.2022
Zimmer Biomet, an American medical device company, is opening an office in Romania where it plans to hire at least 25 people in the first year of... more
-
MedLife Turnover Rises 27% in Jan-Sept, To RON1.3B. Net Profit Down 42% To RON56.8M
11.11.2022
MedLife, leader of Romania’s private healthcare market, reported pro-forma consolidated turnover of RON1.3 billion for the first nine months of... more
-
Last Piece of Polisano Empire Sold, as Competition Council Greenlights Deal Involving 12 Pharmacies
11.07.2022
Polisano Pharma SRL pharmacies, the last part of the Polisano group still controlled by the Vonica family, who created the Polisano empire, were... more
-
FIC Completes Third Edition Of Project For Training Of Medical Staff In Management Positions
11.04.2022
The commitment undertaken by the Foreign Investors Council (FIC) since 2013 to support the Romanian medical system continues through the project... more
-
Sanador Invests EUR6M in Completely Digitalized Operating Room Block
11.02.2022
Sanador Hospital, one of Romania’s biggest private healthcare providers, owned by Andronescu family, has invested EUR6 million in a completely... more
-
Private Hospital Nova Vita Invests EUR500,000 in Medical Equipment
10.26.2022
Targu-Mures-based Nova Vita hospital, one of Romania’s largest private hospitals, a business founded by entrepreneur Virgil Mailat, has invested... more
-
MedLife Completes Acquisition of Medici’s, Largest Healthcare Player in Timisoara
10.24.2022
MedLife, leader of Romania’s private healthcare market, has announced it completed the acquisition of an 80% stake in Medici’s, the largest... more

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more
39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
more
OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
more
The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
more
Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
more
Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
more
Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
more
Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.