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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Deloitte: Holiday Spending Stands Still This Season Amid Price Hikes 12.19.2022
Holiday spending remains at 2021 level this year, even though 37% of consumers are in a worse financial situation compared to last year and about... more
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Cora Expands Delivery Service Nationwide in Romania 12.19.2022
French-Belgian retailer Cora, present in Romania with an omnichannel business including 10 hypermarkets, the ecommerce platform www.cora.ro and 8... more
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Analysis: Retailers Expected To See 5% To 20% Annual Declines In Number Of Products Sold In Dec 2022 12.15.2022
Retailers will see declines of 5% to 20% in the number of products sold in December 2022 compared to the same month of 2021, but they are expected... more
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Primark Opens Its First Store In Romania On Dec 15 In Bucharest’s ParkLake Shopping Center 12.14.2022
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, is opening on Thursday (Dec 15, 2022) its first store... more
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Romania E-commerce Market Sees Slower Growth In 2022 12.13.2022
The e-commerce (electronic commerce) market in Romania, which witnessed an unprecedented boom in online sales during the pandemic, saw slower... more
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Carrefour Plans to Open New Logistics Warehouse in Eastern Romania in 2023 12.12.2022
French-held retailer Carrefour will inaugurate a new warehouse in Romania in 2023, which will be located in the east of the country. The... more
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Major Footwear Retailers' Sales in Romania 6.5% Lower in 2021 than in 2019 12.12.2022
Romanians spent EUR261 million in the top ten footwear store chains in Romania last year. The amount is 6.5% lower than in the benchmark year 2019,... more
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McKinsey&Company: Inflation Is Top Concern For Consumers In Romania 12.12.2022
Inflation is a top concern for two-thirds of consumers in Romania, followed by the invasion of Ukraine and healthcare costs, according to the... more
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Iulius Group Opens Second Family Market Retail Project In Iasi 12.08.2022
IULIUS Group has opened the second Family Market project, in the Bucium neighborhood in the city of Iasi. more
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Online Shopping Annually Produces Tens Of Thousands Of Tons Of Packaging Waste 12.06.2022
The e-commerce segment has strongly developed in Romania over the last ten years, especially during the pandemic and, according to public data... more
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Kaufland Opens Its Eighth Store In Republic Of Moldova 12.06.2022
Kaufland Group continues to expand its store network in the Republic of Moldova and opened its eighth store in the country. more
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CEO: Mobexpert Plans To Open 20 Stores In Romania In Coming Years 12.05.2022
Furniture maker and retailer Mobexpert plans to open 20 stores in Romania in the coming years, said the retailer’s Chief Executive Officer,... more
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INS: Number Of Passengers On Romania's Airports Doubles In January-September 2022 12.02.2022
The volume of air passenger transport in Romania increased by 96.9% in January-September 2022 to over RON15.7 million compared to just under RON8... more
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SMYK All for Kids To Open New Unit In Romania On Dec 1 11.29.2022
Polish retailer Smyk Group, specialized in selling children’s products, will be opening its first store in the town of Roman, on Thursday (Dec... more
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Global Payments: Romanians Spent Almost EUR5M On Black Friday 11.29.2022
Romanians made card payments of almost EUR5 million (RON24 million) on Black Friday (November 11), either online or in physical stores, through POS... more
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Radisson Blu Aurum Hotel In Brasov Estimates EUR6.5M Turnover For 2023 11.28.2022
The Radisson Blu Aurum Brasov hotel, inaugurated in October, targets a turnover of EUR6.5 million in 2023 and a minimum average occupancy rate of 65%. more
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Lidl Opens Three New Stores In Romania 11.28.2022
German-held discount retailer Lidl has announced the opening of three new stores in Romania, in the city of Bucharest and the towns of Vaslui and... more
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Kaufland Opens New Store In Bucharest 11.24.2022
German hypermarket chain Kaufland has opened a new store in Romania's capital city Bucharest on Thursday (Nov 24), reaching a total 20 units in... more
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Cushman & Wakefield Echinox: Major Retail Networks in 2021 Posted 20% Higher Turnover than in 2019, Topping EUR27B 11.22.2022
Major retail networks in 2021 registered overall turnover almost 20% higher than in 2019, a pre-pandemic year, 60% above the consumption growth... more
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NETOPIA Payments: Online Card Transactions On Black Friday 2022 Up Nearly 27% Vs 2021 11.17.2022
The number of online card transactions in Romania increased by almost 27% on November 11, 2022, when most merchants carried out the Black Friday... 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.