GfK: Romania Durable Goods Market Up 13% On Year To EUR3.4B In 2018
02.14.2019
The Romanian durable goods market rose 13% year-on-year to EUR3.4 billion in 2018, according to a GfK TEMAX survey.
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Two Realty Investors Complete 2nd Project Under La Strada Street Mall Concept Brand In EUR5M Investment 12.18.2018
La Strada Street Mall Concept, developer of strip mall-type retail projects launched by businessmen Moshe Turgeman and Tomer Barhom, has completed... more
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Diverta: Book Consumption up 10% in 2018 12.18.2018
Bookstore chain Diverta of businessman Radu Octavian will end the year with almost EUR15 million sales, following a double-digit growth driven by... more
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Benvenuti Opens Store In Lotus Retail Park Oradea, Reaches 55-Unit Network In Romania 12.17.2018
Footwear retailer Benvenuti, controlled by entrepreneur Dan Pavel, has reached a 55-store network across Romania after opening its third store in... more
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Food Retail in Romania Tops Historical Threshold of RON100B 12.17.2018
Romanians allot the biggest share of income to food and beverages among EU nations and this reflects in the turnover of food retailers, which are... more
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Burger King Returns To Romanian Market 12.14.2018
Poland's AmRest, which owns the Starbucks franchise in Romania, will bring back fast-food restaurant chain Burger King to the local market. more
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JLL: Six New Retail Projects Inaugurated In Romania In 2018 12.14.2018
Six new retail projects– both extensions and projects from scratch – were inaugurated in 2018 in Romania, but real estate developers have many... more
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dm drogerie markt Opens 100th Store in Romania 12.13.2018
German retailer dm drogerie markt, present on the Romanian market for over a decade, has opened its 100th store in Romania, in Ploiesti. more
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Local Businessman Invests EUR7M in Franchise Hotel in Suceava 12.13.2018
Stefan Mandachi, the local entrepreneur who developed the Spartan restaurant network locally, has recently inaugurated a franchise hotel with a spa... more
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Fashion Market Follows Grocery Retail Model 12.13.2018
The local fashion market put at some 15 billion lei (EUR3.21 billion) has become increasingly attractive to low price retailers like Pepco... more
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Mega Image Goes to Iasi with Two Stores 12.13.2018
Grocery retailer Mega Image will open two stores in Iasi, which will mark its entry on this market in and the Moldavia region. more
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Sphera Franchise Group Opens Two KFC Restaurants in Satu Mare 12.12.2018
Sphera Franchise Group, which manages the KFC, Pizza Hut and Taco Bell restaurants, continues expansion plans and will open two KFC restaurants in... more
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Superfood Company Sees Sales Growing 8% in 2018, to over RON100M 12.12.2018
Superfood Company, importer and wholesaler of products for small children, expects to end 2018 with a turnover of RON105 million, up 8% on the... more
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Developer Nova Imobiliare Starts Works on Colosseum Mall in Bucharest 12.12.2018
Real estate developer Nova Imobiliare, which developed Colosseum Retail Park in north-western Bucharest, has started construction works on shopping... more
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2018 in Review: Modern Retail 12.12.2018
Modern retail in Romania is an about EUR12 billion market with more than 2,500 stores, dominated by ten international actors. The sector saw a... more
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Portugal’s Sonae Sierra Becomes Sole Owner Of ParkLake Shopping Mall 12.11.2018
Portuguese real estate developer Sonae Sierra has bought 50% of the participation held by Irish company Caelum Development in Bucharest-based... more
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Toy Retailer Jumbo Headed to 1,000 Employees 12.10.2018
Greek-held toy retailer Jumbo has grown to more than 900 employees in Romania in the first half of 2018, according to publicly available data, as a... more
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Eurostat: Number Of Air Passengers Carried In 2017 Grew 18% In Romania 12.07.2018
The number of air passengers carried in 2017 grew by 18% in Romania, placing the country third in Europe, according to data provided by Eurostat,... more
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Sportisimo To Open Store Within Shopping Center Botosani, Reaching 16 Units In Romania 12.06.2018
Czech sporting goods retailer Sportisimo, which has been operating on the local market for three years, will be opening a store within Shopping... more
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GfK Romania: Consumer Goods Sector Grows 6.4% in Jan-Sept 12.06.2018
Romania’s fast moving consumer goods (FMCG) sector grew an annual 6.4% in January-September, mainly due to higher prices considering consumers... more
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NEPI Rockcastle Opens EUR40M Shopping Center In Satu Mare 12.05.2018
NEPI Rockcastle, the largest player on the local real estate market and the largest shopping mall owner in Romania, on Wednesday inaugurated the... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
