01.28.2016

Romania’s economy might grow by more than 5% this year, as a result of the latest economic developments and the continued rise in consumer spending, Andrei Radulescu, senior economist with Banca more

01.27.2016

GECAD NET, provider of software solutions and services, on Wednesday said it expects a 25% increase in turnover in 2016, to over EUR5 million. more

01.26.2016

Romanians spend more than 15 billion lei (EUR3.3 billion) in pharmacies in Romania every year, almost double as much as they did in 2008, when the local economy peaked, ZF has calculated based on the more

01.21.2016

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01.20.2016

Arad-based Smart Diesel, a company with 22 filling stations of its own and partnerships with 1,000 stations on nine European markets, expects its revenue to reach EUR148 million this year. In 2010, more

01.15.2016

PC sales in Romania will most likely grow this year, as analysts expect the country’s economy to grow at a rate of 4% to 5% in 2016, which the IT&C market will definitely feel. more

01.12.2016

German-held discount hypermarket chain Kaufland ended 2015 with EUR2 billion sales generated by a network of 107 stores, according to ZF estimates, following a very good December helped by the food more

01.07.2016

The World Bank has revised its forecast for Romania's economic growth to 3.9% this year, from 3.2% seen previously, and to 4.1% in 2017, in line with European Commission and International Monetary more

01.07.2016

Otter Distribution, one of the largest local footwear retailers, ended last year with EUR26 million sales, an increase of more than 10% on 2014. The growth drivers were the rise in consumer spending more

01.06.2016

Cris-Tim, one of the largest meat industry groups in Romania, is headed towards EUR120m revenue in 2016, after having posted EUR105 million sales last year. more

12.22.2015

Banks granted 53.5 billion lei (EUR11.9 billion) worth of new leu, euro and US dollar-denominated loans to consumers and companies in the first ten months of the year. New leu-denominated loans more

12.17.2015

Romania’s courier services market will grow by 10-15% in 2016, from EUR325 million in 2015, and will be sustained, among others, by online commerce and teleshopping sales, according to forecasts by more

12.17.2015

Most sought after sectors for franchises are food&beverage, coffee shops and services, especially fitness or those that promote a healthy lifestyle. more

12.16.2015

Agriculture is the only sector that had borrowed more money by the end of October compared with October last year (a 2% increase in loans taken), while the rest of the sectors (industry, services, more

12.16.2015

The biggest industries in Romania by NACE code employed almost 1.9 million people last year or 50% of the total number of people working in the 87 sectors analyzed by ZF. more

12.09.2015

ING Bank intends to continue its organic development strategy over the coming period, since growth drivers still exist, but does not rule out potential acquisitions or consolidation opportunities, more

12.08.2015

Romania’s projected economic growth of 4% for 2016 might be at its peak and is likely to slow down toward 3.5% in 2017, given the lack of investments, and a growth based only on consumption is not more

12.07.2015

Romania "boasts in statistics" about economic growth without development, which eats up resources and makes believe it is a positive dynamic, but, in fact, it is useless, Vasile Dancu, Minister of more

12.07.2015

The retail segment will regain ground on the auto market, after having significantly shrunk over the past seven years due to the economic crisis, as more and more people will be able to afford to buy more

12.04.2015

Romania's gross domestic product grew 3.7% on the year in the first nine months, to nearly 498.5 billion lei (EUR111.77 billion), the country's statistics institute said Friday. more

12.03.2015

The EUR650 million revenue estimate for 2015 turned out to be ‘cautious’ for Tinmar Ind, Romania’s largest private energy trader. more

12.02.2015

Sporting goods retailer Decathlon posted more than 30% increase in sales to almost 180 million lei (EUR40.5 million) in the first half, according to publicly available data. more

12.01.2015

Hyundai expects a 10% increase in sales of new cars next year, largely because of the economic growth, says Teodor Brusalis, Hyundai Auto Romania chief executive. more

11.30.2015

Sales of smartwatches – devices that serve as an extension of the smartphone enabling wearers to read notifications, take calls and view info on the weather or check out the time, are seeing growth more

11.27.2015

Russian IT security solutions vendor Kaspersky Lab plans to become the leader of the Romanian market in the next three to four years, following diversification and expansion of its portfolio of more