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.

Sporting Goods Retailer Hervis Plans to Add 4 Stores in December and 10 in 2019
12.05.2018

Sporting goods retailer Hervis, which entered Romania in 2007, will end the year with 30 stores after having opened four in December alone.... more
Romanian-Flavored Private Labels Generate EUR200M Sales for Foreign Retailers
12.04.2018

Romanian private labels launched by international chains – such as K Vreau din Romania (Kaufland), Camara Noastra (Lidl) and Gusturi Romanesti... more
Musette Teams Up With Romanian Designer Venera Arapu For New Fashion Brand
12.03.2018

Musette, one of the largest local players in the footwear sector, engrossed in manufacturing and retail activities, teamed up with fashion designer... more
Bucur SA To Complete 1st Phase Of Bucur Retail Park Project This Week
12.03.2018

Romanian company Bucur SA will complete this week the first phase of the Bucur Retail Park project developed in Bucharest’s Drumul... more
Taco Bell Expands Outside Bucharest, Opens Unit Within Openville Timisoara
12.03.2018

Taco Bell, the American chain of fast-food restaurants serving a variety of Tex-Mex foods, will be opening a unit within mixed-use compound... more
Decathlon Looking into Opening Smaller Stores, Order Pickup Points
12.03.2018

French-held sporting goods retailer Decathlon has grown to 23 stores in Romania by opening a new one in the Veranda Mall and plans to continue... more
City Grill Owner Hopes for EUR40M Revenue in 2019
11.30.2018

The City Grill group, one of the most powerful actors in the restaurant industry in Romania, will end the year with EUR36 million revenue and has... more
Polish Company Buys Romania's Proges Construction Materials Stores
11.29.2018

Polish company Sklepy Komfort SA, with over 140 home decor stores, has bought Romanian Podnet Consulting, which operates 21 stores under the brand... more
Online Furniture Retailer Vivre Headed to EUR50M Sales in 2018
11.29.2018

Online furniture and home decor retailer Vivre held by local entrepreneurs expects EUR50 million sales this year, 40% higher than in 2017. more
Japanese Retailer Miniso Opens First High Street Store in Bucharest, in Piata Romana
11.28.2018

Japanese retailer Miniso, which sells a wide range of accessories, will open its first high street store in Romania in Piata Romana, one of the... more
Romania Durable Goods Market Grows 17% in Jan-Sept, to EUR2.2B
11.28.2018

The Romanian durable goods market grew 17% on the year in the first three quarters, to EUR2.2 billion, an analysis by GfK showed Wednesday. more
Decathlon Reaches 5 Stores In Bucharest, 23 In Romania After Opening Unit In Veranda Mall
11.27.2018

French-held sporting goods retailer Decathlon will be opening Thursday its fifth store in capital Bucharest, within Veranda shopping center in the... more
Private Labels Start Gaining Ground In Pharmaceutical Retail
11.27.2018

Pharmacy chains Catena and Sensiblu, the two largest pharmaceutical retailers in Romania, have introduced private label products in their stores,... more
Futureal Group Sells Stake in ParkLake Shopping Mall for EUR19M
11.26.2018

Hungarian real estate development group Futureal has sold its stake in ParkLake shopping center in Bucharest for EUR19 million, the company... more
Romanian Verla Takeover by France's Antalis Falls Through
11.26.2018

The deal whereby Romanian advertising materials distributor Verla was to be bought by French group has fallen through after months of negotiations. more
Mega Image Headed Towards RON6B Sales In 2018
11.26.2018

Dutch-Belgian-held retailer Mega Image is headed towards 6 billion lei (EUR1.28 billion) sales in 2018, if it is able to maintain the almost 20%... more
Former Praktiker Owner Opens First HomeLux Store, Plans To Reach 20 Units In Next 5 Years
11.23.2018

Businessman Omer Susli, the former owner of do-it-yourself (DIY) retail chain Praktiker, has opened in Ploiesti the first store of the furniture... more
Sphera Franchise Group Seeks To Double Network Of Restaurants To 242 By 2022
11.22.2018

Sphera Franchise Group has 131 restaurants under a number of brands on several markets and wants to have almost double as many by 2022 or 242 in all. more
Top Three Grocery Retailers In Romania Posted 10% To 20% Growth Rates In H1
11.21.2018

The three most powerful retailers in Romania – Kaufland, Carrefour Romania and Lidl, have increased their first half sales at a rate of 10% to 20%. more
Enel Wants Over 60% Of Group’s Total Energy Production To Be Emission-Free Until 2021 Vs 48% Expected In 2018
11.20.2018

Italian utility group Enel wants 62% of its total energy production to be emission-free until 2021, from 48% estimated in 2018, according to... more

Romania’s Banking System Profit Hits Record High of Over RON7B in 2018

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an

Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have

Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air $Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air$

German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share

C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018

Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the

Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub

Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the

World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020

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

Nestle To Shut Down Its Romanian Factory

Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the

Romania's Fiscal Instability, Main Challenge for Businesses in 2019

Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,

Analysis

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.