eMAG Hungary Merges with Extreme Digital, Targets EUR1B Sales in Six Years
03.21.2019
Online retailer eMAG Hungary announced Thursday it was merging with Extreme Digital, which expands eMAG's business to five more countries: Czech Republic, Slovakia, Slovenia, Croatia and Austria.
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Dedeman Net Profit Tops RON1B in 2018 05.30.2019
DIY retailer Dedeman had a profit of RON1.013 billion in 2018, up 14% on the year, and its turnover stood at RON7.22 billion, up 14% compared with... more
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Fashion Group LPP Headed to RON400M Sales After Budgeting 50% Growth
05.30.2019
Polish-held fashion group LPP, which has been operating in Romania for more than a decade now, saw its local sales go up 43% to 273 million lei... more
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Kaufland Opens First Store in Rural Romania, Reaches 125 Stores Locally 05.29.2019
German-held retailer Kaufland opens its first store in a rural area in Romania on Thursday, in Crevedia, reaching 125 hypermarkets in Romania. more
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Immofinanz Rental Income in Romania at EUR12.6M in 1Q/2019 05.29.2019
Austrian property developer Immofinanz had revenues of EUR12.6 million in the first quarter from renting its 17 office and retail properties in... more
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eMag Group Tops EUR1B Sales Mark in 2018 05.29.2019
Dante International, which operates eMag – the biggest online retailer in Romania, and Fashion Days – the biggest fashion online retailer in... more
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City Grill Group Targets Revenues of EUR42M This Year 05.29.2019
City Grill Group, one of the leading players in the local restaurant industry, held by entrepreneur Dragos Petrescu, estimates revenues of EUR42... more
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KeysFin: Romanian Toy Market Grows 25% in 2018, to RON1.2B 05.29.2019
The Romanian toy market (manufacturing and retail sales) grew 25% on the year in 2018, to RON1.2 billion, driven by expansion, a more diverse... more
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Second Tier Fashion Retailers: 20 Brands Have 630 Stores and RON2.3B Sales 05.29.2019
The clothing market is clearly dominated by three international giants - Inditex (Zara), H&M and Pepco, which have almost 400 stores and more than... more
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Austria's XXXLutz Takes Over Two Kika Stores in Romania in Regional Deal 05.28.2019
Austrian furniture and home decor retailer XXXLutz, present in Romania via its mömax brand, will acquire 22 Kika stores in Czech Republic,... more
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Foodpanda Seeks to Expand to 20 Cities This Year 05.23.2019
Food ordering platform foodpanda, which currently covers 15 cities, seeks to expand to 20 cities this year and has added 400 new restaurants since... more
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Decathlon Makes 60% of 20 Boot Models In Romania 05.23.2019
French-held sporting goods retailer Decathlon, which has more than 1,500 stores in about 50 countries relies on Romania for more than 60% of the... more
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Kaufland Opens Two New Stores, Reaches 124-Unit Network In Romania 05.22.2019
German-held retailer Kaufland has opened two new stores, in Constanta and Focsani, respectively, reaching a 124-unit network in Romania. more
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Romania Not Registered in EU's New Tobacco Track and Trace System 05.21.2019
The European Commission announced on Tuesday that Romania has not yet registered in the EU’s newly launched track and trace system for tobacco... more
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Bayer Sees Sinesti Processing Output at EUR55M This Year 05.21.2019
Bayer Romania's corn seed procession station in Sinesti, Ialomita county, will reach an output worth EUR55 million this year from 7,500 hectares of... more
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De’Longhi Tops RON1B Turnover in Romania in 2018 05.21.2019
Italian home appliances manufacturer De’Longhi, a family business with a history of more than a century that started operations in Romania in... more
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Discount Retailer Pepco Sales Up 35% to RON900M in 2018 05.21.2019
Polish-held discount retail chain Pepco, which sells products at prices starting from 1.99 lei (EUR0.41) posted about 35% increase in sales to... more
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Profi Becomes First Retailer in Romania to Overshoot 1,000-Store Mark 05.21.2019
Supermarket and convenience store chain Profi has grown to 1,005 stores in about 500 cities in Romania and is the first retail to achieve this... more
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Online Bookstore Libris.ro Eyes 30% Higher Sales, Of Over RON50M, In 2019 05.20.2019
Online bookstore Libris.ro targets a 30% increase in sales, to over RON50 million, in 2019, after reporting a turnover of RON40 million in 2018, up... more
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Altex Sales Up to Over RON3.5B in 2018 05.20.2019
Computer and electronics retailer Altex saw its sales grow by 8% to more than 3.5 billion lei (EUR735 million) in 2018, while profit rose by 30% to... more
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McDonald’s Sales Up 15% to RON780M in 2018 05.17.2019
Fast food restaurant chain McDonald’s, the leader of the market in Romania, ended last year with 780 million lei (EUR164 million) sales, some 15%... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
