01.17.2022

HCL Online Advertising S.R.L, which operates Tazz by eMag business, in 2020 generated RON14.3 million turnover, up 872% on the year, with the delivery platform likely to see its turnover double, to more

01.14.2022

A number of 51,435 individuals had deposits of more than EUR100,000 euros or RON55.4 billion (about EUR11.3 billion) in all, at the end of the first nine months of 2021, the latest statistics of the more

01.12.2022

Romania’s economy is expected to grow by 4.3% in 2022, the World Bank said, cutting its June 2021 forecast by 0.2 percentage points, according to the World Bank's Global Economic Prospects report more

01.12.2022

Romania's gross domestic product (GDP) grew 0.4% in real terms (in unadjusted data) in the third quarter of 2021 as compared to the second quarter of 2021, the country’s statistics board INS said more

01.11.2022

Parcel delivery company Sameday, owned by eMag, ended last year with a 60% increase in revenues compared to the previous year, according to the data provided by the company, which did not specify the more

01.07.2022

Romania’s M&A (mergers and acquisitions) market in 2021 grew in terms of both value and volume against the previous year, marked by the coronavirus pandemic, stated PwC representatives, adding the more

01.06.2022

Retail turnover, the most important private consumption indicator, in the first 10 months of 2021 rose in gross series by 11.1% against the year-earlier period, with this being the second best more

12.31.2021

The IRCC index, which is used by banks to calculate interest rates for new loans taken out starting the spring of 2019, has increased to 1.17% on Friday (December 31, 2021), from 1.08% previously. more

12.31.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, increased by 0.66% on the day to 3.01% a more

12.31.2021

The Bucharest Stock Exchange ended 2021 with a 33.2% return, with BET main index for the first time crossing the psychological 13,000-point threshold toward the end of the year. Dividends included, more

12.31.2021

The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the 2022 state budget. Revenues are expected to grow 13% more

12.28.2021

Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts. more

12.28.2021

ROCA Investments carried out a capital increase at RDF and became the majority stakeholder in the company, a major grain trader of Banat, founded by Florin Deznan. more

12.20.2021

tazz by eMAG delivery platform (the former online food delivery platform EuCeMananc) has put Daniel Kovats, Razvan Acsente and Mihai Brenda in charge of the Strategy, Business Development and more

12.16.2021

Polish fashion group LPP, which has five brands on the Romanian market, has reached 100 stores and 96,000 square meters of leased retail space in the country after a fast-paced expansion during the more

12.16.2021

The gradual comeback of consumption in 2021, despite pandemic-related uncertainties, is fueling a revival stronger than estimated in early 2021 in terms of marketing expenses and implicitly of the more

12.13.2021

Hünnebeck Romania, one of the leading local suppliers of casing and scaffolding systems, expects a significant business growth on the infrastructure segment, considering that in 2021 almost 40% of more

12.13.2021

The Romanian insurance market ended the first nine months of 2021 with gross written premiums of RON9.8 billion, up 15% compared with the same period in 2020, according to the data presented by more

12.07.2021

Stera Chemicals, one of the largest importers and distributors of chemical raw materials in Romania, posted EUR35 million revenue in the first nine months of this year, an increase of more than 120% more

12.07.2021

Ramnicu Valcea-based Don Pedro, a major producer of tissue paper, in 2020 generated RON133 million turnover, up 17%, placing it among the most dynamic companies in industry. more

12.07.2021

Romania’s statistics board INS on Tuesday (Dec 7) reconfirmed the country’s economic growth at 7.1% in real terms (in unadjusted data) for the first nine months of 2021, which was mainly backed by more

12.06.2021

Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, will end this year with RON300 million revenue, compared with RON192 million the more

12.06.2021

Groupama Asigurari, the Romanian subsidiary of the French group of the same name, saw the volume of gross underwritten premiums go up by 15% in the first nine months of this year, to around RON870 more

12.06.2021

Safety Broker, Romania’s biggest insurance broker, was sold to Poland's Unilink, the biggest insurance brokerage group in Central and Eastern Europe (CEE).. more

11.26.2021

Romania’s bike industry has grown almost tenfold in 10 years. Over 1,700 people in 2020 manufactured RON1.3 billion worth of bikes, in line with a ZF analysis based on Trade Registry data. more