11.24.2021

Romania’s cosmetics and personal care market reached a value of EUR1.56 billion in 2020, the first pandemic year, 2% less than in 2019, in line with data provided by market research company more

11.15.2021

Possible increases in public spending are currently unsustainable and impossible to cover from budget revenues and will end up in an increased level of public debt, more need for loans from the more

08.04.2021

The online gambling and sports betting market in Romania surged 90% to more than EUR500 million in 2020, data cited by industry leader Superbet show. more

07.09.2021

The restaurant market went down to less than RON10 billion in 2020 compared with RON14 billion in 2019. The fast-food segment accounted for some 20% to 25%. more

04.19.2021

Consumer spending rose a lot in small cities of less than 50,000 people in the first two months of 2021 compared with the year-ago period, so sales of food, personal and household care products went more

04.15.2021

Antibiotice Iasi (ATB.RO), the largest Romanian-held pharmaceutical producer, has budgeted RON366.5 million revenue for 2021, an increase of 7.5% on 2020, as shown in its spending and revenue budget. more

03.25.2021

Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, believes the fashion market will follow the same trend in 2021 as it did in the second half of last year, with lower sales than the more

12.01.2020

Romanian consumers spend about 650 million lei on organic food (or 1.2% of the entire spending on food in the country), ZF has calculated from the data supplied by market research company Retail Zoom. more

08.13.2020

Romanians spent just EUR328 million on vacations abroad in April-June this year, 70% less compared with EUR1.2 billion, under the impact of the coronavirus pandemic on the travel industry. more

07.27.2020

The number of savings accounts opened by ING Romania customers through the Home’Bank platform grew at an annual rate of 144% in the second quarter of 2020, also driven by the bank's launch of a more

07.02.2020

Approximately 46% of Romanians said they spent less during the coronavirus lockdown, above the EU average of 44%, and 31% said they saved more, similar to the EU average of 30%, according to a global more

06.30.2020

The coronavirus crisis has cost Romania RON3.1 billion so far, including spending on medical equipment and social spending such as furlough payments, finance minister Florin Citu said on TV station more

05.27.2020

Romanians spent 14% more in the fits quarter of the year on fast moving consumer goods compared with the same period last year and acquired quantities grew 11% as people tended to stock up during more

05.21.2020

Romanians spent EUR1.2 million shopping for clothes and accessories online during two months of lockdown and some stores saw growth of up to 1,263%, according to data from financial platform Revolut, more

04.29.2020

The COVID-19 pandemic came with a boost in sales for retailers, especially grocery, personal and home care products retailers, as well as with additional spending. more

04.23.2020

All budget spending, including pensions public sector wages and investments will depend on revenue collection, Romanian finance minister Florin Citu told TV station Realitatea Plus in an interview. more

02.04.2020

Sporting goods retailer Hervis has 36 stores in Romania, six of which inaugurated in 2019 and plans to step up expansion to 10 stores in 2020. more

11.05.2019

Banca Transilvania, which became the largest lender on the local market in 2018, following takeover of Volksbank and Bancpost, is also the leader by number of employees and personnel spending, having more

10.29.2019

Romanians spend EUR1.2 billion footwear a year, buying 67.7 million pairs. A consumer buys 3.5 pairs a year on average and spends EUR18 on each, ZF has calculated based on the data supplied by market more

09.04.2019

Romania allocated 5% of the gross domestic product (GDP) for healthcare in 2016, ranking last among European Union Member States, Eurostat, the statistical office of the European Union, said on more

09.03.2019

Romanians are the firsts among EU residents who choose to spend their holiday budget on domestic trips and allocate the lowest share of their budget to trips abroad, a study by Eurostat on 2017 data more

09.03.2019

Romania absorbed only 25% of the funds allocated by the European Union for major infrastructure projects. The biggest infrastructure projects funded with EU funds include the rehabilitation of railway more

06.14.2019

European Commission official Aurora Mordonu on Friday said Romania ranks last in the European Union regarding expenses in the field of research and innovation, adding Romania did not even achieve a more

05.10.2019

Romania is a paradise for retail sector players, as local consumers have a greater appetite for shopping than Czech or Polish ones, for instance, despite earning half as much as the others do. more

04.26.2019

Public sector personnel spending reached 15.7 billion lei (EUR3.3 billion). At the current increase rate, the public sector salaries will reach RON108 billion this year, double the level of four years more