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

09.14.2020

Cellphone and accessory wholesaler World Comm Trading Gfz posted 213.5 million lei (some EUR45 million) sales last year, down 27% on 2018, Finance Ministry data show. more

09.09.2020

Apartment prices in Romania will see an average correction of 5% to 10% under the impact of the coronavirus-led crisis on the real estate market, with variations depending on each region, per data more

09.09.2020

Demand on the real estate market grew 15% in August 2020 compared with January 2020, after a steep decline of nearly 70% at the end of March, against the backdrop of the coronavirus pandemic, market more

08.27.2020

Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of the Japanese Fujikura group, posted 241.2 million lei (EUR50.9 milion) revenue in 2019, 20.6% lower than in 2018, ZF more

08.25.2020

Builder Delta ACM, which went insolvent in 2019, dropped unprofitable contracts to keep afloat. more

08.25.2020

June lowered Romanians’ appetite for mortgage loans. New mortgage lending in lei went down compared with the previous months of 2020 and with the year-ago month. more

08.21.2020

Romania is the only EU country where he number of bookstores is dwindling and needs investment to develop this industry, believes Andrei Niculescu, general manager of Editura Niculescu (Niculescu more

08.20.2020

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, on Thursday dropped to 1.98% after four more

08.19.2020

The pharmaceutical market in Romania reached 8.7 billion lei in the first half of 2020, 3.9% lower than in the year-ago period, market research company Cegedim data published in the Antiobitice report more

08.19.2020

The top 30 employers in Romania’s automotive industry (car and component manufacturing) slashed 10,000 jobs in 2019 compared with 2018. This was the first time in five years when the industry laid more

08.17.2020

Star Assembly, the local subsidiary of Germany’s Daimler group, which makes automatic transmissions, ended last year with EUR1.52 billion revenue, down 2.2% on 2018, Finance Ministry data show. more

08.13.2020

Builder Octagon Contracting & Engineering, currently insolvent, ended 2019 with only RON24 million revenue, one quarter of the previous year’s revenue., according to the Finance Ministry website. It more

07.15.2020

Between January and April 2020, electricity consumption in Romania has reached the lowest level in the last five years, according to Eurostat, the statistical office of the European Union. more