02.22.2021

Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while solvency more

02.18.2021

The year 2020 came with good things, too, one of which was the decline in personnel turnover in the local outsourcing industry, says Vladimir Sterescu, country manager of CGS Romania, a provider of more

02.03.2021

New consumer and mortgage loans in lei and euros consumers took from banks fell by some RON2.7 billion or 7% from the 2019 level to RON34.3 billion in 2020. Last year was the first of decline for new more

01.25.2021

Otopeni, Cluj-Napoca, Timisoara, Iasi and Sibiu, Romania’s five largest airports saw an up to 70% decline in passenger traffic last year compared with 2019, the data the airport officials supplied more

01.19.2021

Passenger traffic on the Timisoara International Airport declined by 70.5%, down to 470,631 passengers in 2020, compared with 1,595,012 passengers in 2019, the airport said in a statement Tuesday. more

01.19.2021

Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show. more

01.18.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, plunged to 1.59% a year on Monday (Jan more

01.14.2021

Only 4.4 million passengers passed through the Otopeni (Henri Coanda) Airport in Bucharest in 2020, compared with almost 15 million in 2019. The decline therefore stood at 70%, reflecting the more

01.14.2021

The road transportation industry suffered as a result of the pandemic, as well as due to the new European regulations in 2020. It dropped 13% to 43.6 billion lei compared with 2019, according to ZF more

01.07.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the third consecutive more

01.06.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, declined for the second consecutive day, more

12.17.2020

Fashion retailer C&A, one of the largest in the world, is working with only eight partner factories in Romania, compared with 20 in 2019 and about 40 four years ago. more

12.03.2020

Germany, France and Italy were the top three export destinations for Romania’s furniture production in January-July 2020, data from Romania’s association of furniture manufacturers APMR show. more

11.19.2020

While many hotels and other accommodation facilities used to be booked for winter holidays already at this time of the year, the pandemic took people’s joy of spending Christmas and New Year’s more

11.18.2020

Dorna Lactate, the company that makes the LaDorna brand and is part of the French Lactalis group, ended 2019 with 223 million lei revenue, down 6% on 2018, and slipped into the red with an almost more

11.18.2020

Fewer than 300,000 people passed through the Henri Coanda (Otopeni) Airport in Bucharest in October, compared with almost 1.3 million in the year-ago month, according to the National Company Bucharest more

11.13.2020

Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, expects 10% decline in revenue in the second half compared with the year-ago period, due to the decline in orders from its more

11.04.2020

Prices of old three-room apartments in Bucharest fell by EUR500 or 0.5% in October compared with September, reaching EUR98,300, after having gone up EUR100 the previous month, real estate consultant more

10.20.2020

Dairy producer Covalact, one of the top ten on the local market, posted 150 million lei revenue last year, down 0.8% on 2018, as well as RON8.1 million profit, 12% lower than in 2018, ZF has more

09.24.2020

On-trade volume sales of beer are expected to fall by 28% in 2020 in light of the impact of COVID-19, an analysis of market research company Euromonitor shows. more

09.23.2020

Romania ranked first in the European Union by area of land allocated to sunflower crops and production, 3.4 million in 2019, but farmers expect production to shrink by 30% to 2.4 million tons this more

09.18.2020

Timisoara-based lighting manufacturer Elba, which makes vehicle headlights and lamps, among others, for such automotive groups as Dacia-Renault and Skoda, posted about 230 million lei (EUR48.5 more

09.16.2020

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, dropped to 1.96% a year on Wednesday more

09.15.2020

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, dropped to 1.97% a year on Tuesday (Sept more

09.15.2020

Coca-Cola HBC Romania, the largest beverage bottler in the country, saw a 10% to 20% decline in sales in the first half, following the lockdown impact especially on the hospitality industry. more