01.07.2014

The executives in modern retail expect a slight economic rebound this year because of a good farming season and a new increase in exports. more

12.31.2013

Romanians spent almost 4.3 billion lei on cosmetics - personal care and beauty products - in 2013, with the bulk of the amount going to fragrances (RON885 million) and skincare products (RON890 more

12.19.2013

Romania's retail market, which returned to growth in 2012, will witness a growth rate of over 5% in upcoming years and is expected to reach 130 billion lei (EUR29 billion) by 2015. more

09.09.2013

The lack of transparency, efficiency and responsibility of the public local administrations can be a major risk for Romania’s economy and more transparency could be the way to avoid potential more

04.18.2013

Alexandru Vlad, head of Selgros Romania, said Romanians spend more money on food than Germans do. more

04.08.2013

The company in charge of Romania’s highways and national roads, CNADNR, will get 5.8 billion lei (EUR1.3 billion) budget this year, down 27% on the allocation in early 2012 and 5% less than it more

03.04.2013

Household spending in Romania dropped 1% in the last quarter of 2012, compared with the similar interval of 2011, after a 1% increase in the third quarter, according to a Visa Europe survey. more

02.05.2013

The top 30 payments made by the Romanian roads authority CNADNR last year show the inefficient infrastructure spending, with Bechtel receiving EUR76 million for 600 m of highway. more

10.05.2012

Romania spent 2.7 billion lei (EUR619 million) in the research-development sector in 2011, accounting for 0.48% of the gross domestic product, up 0.01 percentage points compared to 2010, the more

09.12.2012

Romanians spent 2% less on food in the first half of the year, while spending on non-alcoholic drinks and beer increased 5%, according to a survey conducted by market research company GfK Romania. more

09.12.2012

Every Romanian spent 10 lei (EUR2.23) on toothpaste last year, which is enough to buy one or two tubes, depending on the size and price, while only one in two Romanians bought a new toothbrush in more

09.10.2012

Romanians spent about EUR13 billion on loan installments, fuel, alcohol, cell phone bill and cigarettes, about half or 46% of the total net wages and pensions collected in 2011. The rest of it went to more

06.27.2012

Romanian natural gas producer Romgaz has wrongly spent more than 123 million lei (EUR27 million) on machinery and equipment, and another RON115 million on activities that did not improve its business, more

06.06.2012

Romania's Government has barred public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force them to more

05.24.2012

The Romanian Government has decided to ban local authorities from buying public internal audit services from private individuals, arguing the outsourcing of these services based on a law adopted ten more

05.24.2012

Romania’s Government has banned public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force them to more

05.01.2012

Prime Minister-designate Victor Ponta said, after the “informal” talk with the joint delegation of the International Monetary Fund, the European Commission and the World Bank, that there are more

04.24.2012

From next to zero ten years ago, the debt of the public administration has reached 13.7 billion lei (EUR3 billion), practically doubling in 3-4 years’ time. This deepens the public debt, which more

04.23.2012

The annual spending of the local administration amounts to EUR10 billion, which means EUR40 billion in the four-years term in office of the administration - this is the huge stake of the June 10 local more

04.04.2012

Francois Melchior de Polignac, who took the reins of Carrefour Romania less than a year ago says that he does not expect any significant increase in the local consumer spending this year. The 38-year more

03.08.2012

Metro Cash&Carry, the largest retailer on the Romanian market by sales, is the first to provide a pessimistic estimate about the consumer-spending trend this year. The company, whose last year sales more

01.18.2012

Romania is at the bottom of the European Union rankings by gross domestic product, gross domestic product per capita or average wage. These are but the most obvious of the rankings, though. It is also more

11.22.2011

ZF starts a campaign Tuesday to monitor how the 195 billion lei (EUR45 billion) that the government expects to collect for the consolidated budget in 2012, as indicated by the budget bill, will be more

11.11.2011

Romanian government targets total revenues to the state budget of 95.65 billion lei (EUR22 billion) in 2012, up 13.5% on the year, while overall spending is poised to stagnate at around RON113 more

11.10.2011

Romanian capital spending has been under-executed in the first eight months of the year and is likely to post a more modest growth rate for the whole year compared to original expectations, the more