24 oct 2014

BCR and UniCredit Tiriac, two large banks in Romania, granted funding worth EUR75 million to Romanian fertilizer producer Azomures. The company will use the money to upgrade its two ammonia plants. more

23 oct 2014

“At the moment local output, both of Romanian producers and of foreign investors, regains its well-deserved position in the local economy, then Romania will achieve economic growth of 5%,” said more

23 oct 2014

The trend of modern retailers in Romania positioning themselves next to direct or indirect rivals has become ever more visible lately as the battle for clients has turned fiercer. Moreover, retailers more

23 oct 2014

Exports of Romanian manufacturer of veterinary drugs and vaccines Romvac are likely to reach 10% of revenue in 2014, six years after it started abroad deliveries, says Constantin Chiurciu, the more

23 oct 2014

Online sales are likely to come to 5% of IKEA Romania revenue in 2015 financial year (that started in September and will end in August 2015), but growth potential on this segment is higher than that more

22 oct 2014

Three of the 20 largest consumer goods producers in Romania have changed their executives in the past year, with two of the moves having at their center the leader of the soft drinks market (Coca-Cola more

22 oct 2014

Consumers’ appetite for Romanian taste has become an annual business of several tens of million euros for retailers, according to ZF estimates. However, behind brands such as “Bun, din Romania” more

22 oct 2014

Prices will continue to fall next year and the “scary part” is consumers’ lack of appetite for long-term contracts, says Daniela Lulache, general manager of Nuclearelectrica, the company that more

22 oct 2014

The building of Baneasa plant in northern Bucharest was demolished to make room for an office building and a store German retailer Lidl is set to erect on one quarter of the five-hectare plot. more

22 oct 2014

Danish furniture and home décor retailer JYSK will open three stores in Romania by yearend, after it has added seven new units to its network so far this year. more

22 oct 2014

Exports of Dacia and Ford cars dropped by almost 13% in the third quarter from the year-earlier period, according to data provided by the Automotive Manufacturers and Importers Association (APIA). more

21 oct 2014

Despite a year that has witnessed a lot of moves, the consolidation of Romania’s do-it-yourself (DIY) market is not over, according to major players in the field, which believe other networks will more

21 oct 2014

Consumption of private label soft drinks has neared 20 liters per capita in Romania, accounting for 15% of overall consumption of such products, eight times higher than the 2008 level. In the same more

21 oct 2014

Demand from business clients is weaker than demand coming from retail users as companies are still concerned with slashing costs, states Jean Francois Fallacher, chief executive officer of Orange more

21 oct 2014

SMEs, infrastructure and EU funds should be Romania’s priorities for the country’s economy to register growth of above 5%, says Robin van Rozen, Philips chief executive officer for Southeastern more

21 oct 2014

Romania could double its annual wine production if it had funding to replace hybrid vines with noble ones in the context in which it currently ranks fifth in the world by cultivated areas, but more

20 oct 2014

Transelectrica (TEL) will consider connecting the national power grid with the electrical power networks of the Republic of Moldova and Ukraine, a project that would open up new export markets for more

20 oct 2014

The First Car scheme, which is to be launched in Romania next month and allow a lower level of interest rates for those who want to buy a new passenger car for up to RON50,000, after the model of the more

17 oct 2014

Romanians annually earmark the largest sum in Europe for soap, each consumer spending on average EUR3.2. According to ZF data, this is the only product category where Romanians lead, while in terms of more

17 oct 2014

The Socea family, a stakeholder in EnergoBit, a major supplier of equipment and services for the energy sector, is making its first major investment after ceding control of the company in 2012. more

17 oct 2014

Rose wine has come to weigh 7-8% of Romania's overall wine market, virtually shaping up in the past two-three years, when it’s proved to be the most dynamic segment of the field. more

16 oct 2014

Entrepreneur Dan Balaban, who controls Davino winemaker, says this year’s production will be an average one, specific of a normal year. However, production will be 30% lower than the 2013 record more

16 oct 2014

Romanians spend around EUR300 annually on packaged food, twice as little as Croatians or Estonians, who rank first in Eastern Europe, reveals a ZF survey based on data provided by Euromonitor company more

16 oct 2014

The Romanian retail market is highly fragmented, a reason why it will witness new acquisitions and mergers in the coming years and players that are too small to hold top positions will exit Romania, more

16 oct 2014

Foreigners, largely banking groups, in late August held medium and long-term deposits opened with local banks worth EUR6.34 billion, EUR300 million below the level of the year-earlier period. On the more