Lidl Opens More Than 30 Stores in 2020
12.16.2020
German discount grocery retailer Lidl has opened 33 stores, either built from scratch or relocated this year, nearing 300 stores in Romania. It will continue expansion in 2021, as well.
-
Sphera Franchise Group Opens Third KFC Restaurant In Pitesti
04.25.2024
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, has opened its third KFC restaurant in the town... more
-
Mega Image Owner Ahold Delhaize Announces Opening Of Technology Center In Bucharest
04.24.2024
Dutch-Belgian Ahold Delhaize Group, owner of the Mega-Image store chain in Romania, has announced the opening of a technology center in Bucharest... more
-
Romanian Restaurant Chain Spartan Ends 2023 With EUR48M Revenue
04.24.2024
Romanian restaurant chain Spartan posted EUR48 million revenue in 2023 and plans to expand with up to 50 locations in the near future, even abroad. more
-
Farmacia Tei And Bebe Tei To Overshoot RON2B Revenue Mark Together In 2024
04.15.2024
Farmacia Tei and Bebe Tei, one of the most dynamic businesses on the local market, will overshoot the RON2 billion revenue mark in 2024, company... more
-
Tucano Coffee Shop Chain Plans To Open New Units In 2024, In Romanian Towns Of Bacau, Deva, Pitesti And Vaslui
04.15.2024
Tucano, a coffee shop network whose story began in the Republic of Moldova 12 years ago, plans to double its coffee shop chain in Romania, which... more
-
Flanco Repositions Itself As First Smart Electro-IT Discounter In Romania
04.11.2024
Flanco, one of the largest local retailers of IT&C, electronics, and home appliances, will undergo a rebranding process as it aims to reposition... more
-
Retailer Auchan Launches New Discount Concept, Opens First Hypermarket Under Atac Brand In Brasov
04.10.2024
Retailer Auchan is opening the first discount hypermarket under the Atac brand, in Romania's central city of Brasov. more
-
Online Florist Floria See Sales Up 5% In Q1, Expects 15% Growth Over Orthodox Palm Sunday And Easter
04.10.2024
Floria.ro, one of the largest online flower stores in Romania, posted sales of more than EUR900,000 in the first quarter of this year, up 5%... more
-
Benvenuti Expects Flat Or Slightly Higher Sales In 2024
04.09.2024
Romanian-held footwear retailer Benvenuti expects business to stagnate or grow slightly in 2024 compared with last year, when the company posted... more
-
5 To Go Set To Enter Bulgaria, Expand To 650 Coffee Shops In Romania In 2024
04.09.2024
Romanian coffee shop chain 5 to go, launched on the market less than a decade ago, recorded a 48% year-on-year increase in sales in the first three... more
-
Wizz Air Launches Direct Flights From Bucharest To Izmir; Reopens Flights From Bucharest To Salzburg And Budapest
04.02.2024
Low-cost airline Wizz Air will introduce a new route from Bucharest to Izmir, the third largest city in Turkey, and it will also reopen routes from... more
-
Victoria's Secret Expands Presence In Romania With New Store In Bucharest, In Mega Mall Shopping Center
04.01.2024
US lingerie brand Victoria’s Secret is expanding its presence in Romania with a new store opening in capital city Bucharest, within the Mega Mall... more
-
Europa Hotel In Eforie Nord Seaside Resort Reopens In Wake Of Over EUR14M Investment
03.30.2024
The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment... more
-
Traian Vuia International Airport In Timisoara Inaugurates Schengen Terminal In Wake Of Over RON192M Investment
03.29.2024
The Traian Vuia international airport in Timisoara, western Romania, has inaugurated on Friday (March 29) a terminal destined exclusively for... more
-
Zara To Bring “Pre-Owned” Program In Romania
03.29.2024
Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring... more
-
IKON Trading's 2023 Turnover Up 13.8% YoY To RON23.6M
03.28.2024
IKON Trading, a distributor of professional products for beauty salons in Romania, reported a turnover of RON23.6 million (nearly EUR4.8 million)... more
-
JYSK Opens Two New Stores In Bistrita And Husi, Grows To 140 In Romania
03.26.2024
Scandinavian home furnishing retailer JYSK continued expansion in Romania by opening two new stores in Husi and Bistrita this week for a total of... more
-
Prime Kapital’s Arges Mall Set To Open In Pitesti On April 25
03.25.2024
Prime Kapital, a real estate developer and investor in Central and Eastern Europe, will open Arges Mall on April 25, the largest and most modern... more
-
Carrefour Closes Half Of Cora Convenience Stores After Takeover
03.21.2024
French-held Carrefour group is closing half of the convenience stores it got when it bought rival Cora’s operations in Romania, that is four of... more
-
Fryday Chain Grows To Nine Restaurants, RON28.6M Revenue In 2023
03.20.2024
Romanian fast food chain Fryday, established by Suceava entrepreneur Lucian Florea, has grown to nine restaurants and ended last year with RON28.6... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.