02.23.2021

Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went more

02.22.2021

Sibiu-based builder CON-A of entrepreneur Mircea Bulboaca ended 2020 with EUR101 million revenue, the corporate website says. This is 13% higher than in 2019 and is the first growth after two years of more

02.19.2021

The year 2021 will be a better year both overall and for Romania’s economy, believes Matthew Strassberg, comanaging partner of buyout investor Mid Europa Partners. more

02.18.2021

Kastamonu Romania (formerly Prolemn), held by Turkey’s wood processing group Kastamonu Entegre, posted EUR136 million revenue in 2020, an increase of 7% year-on-year. more

02.17.2021

Help Net, the third leading pharmaceutical retailer by number of pharmacies in Romania, posted EUR209 million (some RON1 billion) sales in 2020, the company said in a release. more

02.17.2021

Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past five years. more

02.16.2021

Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growth in the more

02.16.2021

Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while comprehensive insurance (Casco) lagged behind with slower more

02.16.2021

Construction sector had its second best year in a decade in 2020, despite the pandemic, National Statistics Institute data show. The volume of work increased by 15.9% year-on-year. The growth had been more

02.15.2021

Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, has budgeted EUR257 million revenue for 2021, an increase of more than 13% on the EUR227 million of 2020. more

02.15.2021

Online commerce, which has been on the rise in the last few years, surged last year as the pandemic made people order and buy more products over the Internet. The parcel delivery industry, one of the more

02.12.2021

Parcel delivery company Sameday held by online retailer eMAG, last year saw its revenue double both because of the rise in online commerce and because of the investments it has made in the last few more

02.11.2021

Parcel delivery company Cargus posted growth of 20% in sales volume last year. Its investments in a warehouse, logistics and IT&C upgrades reached EUR11 million. more

02.10.2021

Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61 billion, per the 2021 state budget draft put up for more

02.10.2021

Romania’s exports rose 5.1% in December compared with the year-ago month, which shows the economy is slowly starting to recover. more

02.10.2021

Local pharmacy chain Tinos Farm will open two more pharmacies in the first half of 2021 to add to the 18 it already has in Bucharest and Ilfov, after having seen its revenue rise by 25% to RON47 more

02.09.2021

Elefant.ro, one of the largest online retailers in Romania, posted 30% higher sales of books last year compared with 2019, even though the overall market witnessed a slight decline. more

02.08.2021

Parcel delivery company DPD Romania, one of the largest on the local market, ended 2020 with more than EUR50 million revenue an increase of 30% on the about EUR35 million of 2019. more

02.02.2021

The delivery market in Romania will continue its upward trend and overshoot the EUR1 billion mark in 2021 after having gone up four or five times in value last year. The growth speed will be slower, more

02.01.2021

Online furniture and home décor retailer Vivre posted growth of 45% in sales to more than EUR60 million in 2020. more

01.29.2021

Mortgage loan volume went up by more than 9.8% or RON8 billion to RON89 billion lei year-on-year in 2020, and lenders offset the decline in consumer loans with the higher sales for buying a home. more

01.28.2021

Home appliances manufacturer Electrolux, which owns a plant in Satu Mare in Romania, posted growth again in 2020, despite the Covid-19 pandemic that wreaked havoc in the economy. more

01.28.2021

Deliveries contributed more than 20% to the revenue of restaurants, coffee and cake shops, so Romanian consumers spent about EUR500 million in 2020 to get the food, coffee and cakes they would more

01.28.2021

The loan volume was lower than the savings consumers and companies kept in banks in 2020, as the loan growth rate slowed down, and the speed of deposits is more than double the increase in loans. more

01.21.2021

Farmec Cluj-Napoca, the largest local cosmetics manufacturer, has budgeted small growth in revenue for this year, but higher than the overall market’s. more