Lidl Opens More Than 30 Stores in 2020
12.16.2020
German discount grocery retailer Lidl has opened 33 stores, either built from scratch or relocated this year, nearing 300 stores in Romania. It will continue expansion in 2021, as well.
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eMAG Extends Fulfilment by eMAG Program To Hungary And Bulgaria 03.23.2023
Romanian online retailer eMAG said it would extend its cross-border fulfilment program to the markets of Bulgaria and Hungary, following related... more
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Auchan Enters Discount Retail Format 03.23.2023
French-held retailer Auchan, which has hypermarkets, supermarkets, convenience and online stores in Romania is entering the discount retail... more
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Footprints AI Budgets EUR1M for Investments in 2023 03.22.2023
Footprints AI, a company established in 2017, which developed a media retail platform enabling offline retailers to find potential new customers... more
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SomProduct Opens Showroom In Timisoara-Based ISHO Project 03.21.2023
SomProduct, a local home furniture and decoration retailer, is opening a showroom within the ISHO project in the western city of Timisoara, where... more
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E-Commerce Sales Reach EUR6.3B in Romania in 2022 03.16.2023
E-commerce sales in Romania reached EUR6.3 billion at the end of 2022, slightly higher than in 2021 (EUR6.2 billion), according to the estimates of... more
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Cooperativa Tara Mea To Invest EUR2.5M In "ready to cook" And "ready to eat" Products Under Partnership With AAylex ONE 03.16.2023
Agricultural cooperative Cooperativa Tara Mea will be investing EUR2.5 million in launching a series of "ready to cook" & "ready to eat" products... more
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Mega Image Expansion in 2022, Slowest in 11 Years 03.10.2023
Retailer Mega Image, held by Belgian-Dutch group Ahold Delhaize, ended last year with a network of 956 supermarkets and convenience stores, 36 more... more
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KFC Partners Up With Rompetrol, Opens Restaurants In Three Gas Stations On A1 Highway 03.09.2023
Sphera Franchise Group, the holding that owns the company that operates in a franchise system the KFC brand on the local market, is expanding its... more
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Lagardère Travel Retail Wants to Bring Costa Coffee Coffee Shop Brand in Romania 03.09.2023
Lagardère Travel Retail, which is part of French Lagardère group, which operates in travel retail and on-premise sector, is considering bringing... more
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Online Card Payments On eMAG Platform Up Over 22% In 2022 03.08.2023
Online card payments grew over 22% in 2022 on the eMAG platform, accounting for 56% of total sales at national level, but in Bucharest, Cluj and... more
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Penny Romania Gets EUR160M from Parent Company to Speed Up Development 03.07.2023
Discount retailer Penny Romania has received a EUR160 milion cash infusion from its parent company in Germany, which it will use to speed up... more
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Carrefour Romania Boosts Number of Local Fresh Produce Suppliers by 10% 03.01.2023
Vincent Arnault, merchandise & supply chain director at French-held retailer Carrefour Romania, says one of the achievements of 2022 was reaching... more
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Calzedonia Group To Open Three Stores In Palas Iasi Mixed-Use Complex 02.27.2023
Italy’s Calzedonia Group, one of the world’s leading fashion retailers, will be opening three stores under the brands Calzedonia, Intimissimi... more
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Niche Perfumery Chain Obsentum To Open Shop In Palas Mall Iasi 02.21.2023
Niche perfumery chain Obsentum is opening in 2023 a shop in Palas Iasi, a retail project developed by businessman Iulian Dascalu. more
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Analysis: Online Stores In Romania Report 12.5% More Transactions, 22% Higher Sales Value For 2022 02.21.2023
Online stores in Romania saw a 12.5% increase in the number of orders placed by buyers and a 22% advance in sales value in 2022 compared to 2021,... more
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Carrefour Sales In Romania Up 9% YoY In 2022 02.21.2023
Sales of French retailer Carrefour grew by 9% on a like-for-like basis in Romania in 2022, which is the second highest growth rate in Europe, after... more
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CBRE: Romania, Among The Most Competitive Retail Markets In CEE 02.17.2023
Romania is among the most competitive countries in Central and Eastern Europe (CEE) in terms of the retail market, as per the “Market Outlook... more
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PwC: Most Consumers Globally Plan To Reduce Non-Essential Spending In Next Six Months 02.17.2023
Over two thirds (69%) of consumers globally have reduced non-essential spending and most of them (96%) have adopted cost-saving behaviors, against... more
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5 To Go Signs Strategic Partnership with Carrefour 02.15.2023
5 to go coffee shop chain, the largest player in the field, has signed a strategic partnership with Carrefour whereby the 5 to go products... more
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Stefan Mandachi Sells Spartan Restaurant Chain for EUR20.3M To Main Franchisees 02.15.2023
Businessman Stefan Mandachi announced he sold Spartan restaurant chain for EUR20.3 million to the biggest franchisees of the chain. more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.