7 mai 2015

Auchan Romania, one of the largest local retailers, posted 3.7 billion lei (EUR834 million) in sales last year, an increase of 64% on 2013, but much lower than the EUR1 billion target set for 2014, more

7 mai 2015

Betty Ice, one of the leading local ice cream manufacturers, expects almost 92 million lei (EUR21 million) revenue this year, an increase of 5% on the previous year, according to the data the company more

4 mai 2015

The private labels of the major retail chains have reached 22% of the total sales of dairy products, putting more and more pressure on the established brands such as Zuzu, Napolact, LaDorna and more

29 apr 2015

Local courier service market leader FAN Courier ended the first quarter with a 19% rise in sales, which is more than budgeted and wants to end the year with 383.7 million lei (EUR87 million) revenue. more

22 apr 2015

The Romanian dairy market will not see major acquisitions considering major players have sufficiently big production capacities to grow on their own, said Jan Willem Kivits, who has run for the three more

21 apr 2015

Bucharest’s five-star hotel Radisson Blu and the land plot known as Casa Radio project are the most important assets controlled in Romania by Israeli billionaire Mordechay Zisser, through Elbit more

15 apr 2015

There are more than 500 companies in the non-alcoholic beverage, mineral water and other types of bottled water (NARTD) production business in Romania, but only 330 of them actually generate any more

14 apr 2015

JW Marriott, Crowne Plaza and Howard Johnson, three of the most important hotels in Bucharest, have changed their chief executive officers in the last six months, putting only foreign executives at more

10 apr 2015

Easter, the second most important time of the year for consumer spending after the Christmas season, drives up sales of the major retailers compared with the rest of the year. Romanian consumers spend more

8 apr 2015

Tourism, a sector with almost 7,000 hotel companies that generate 4 billion lei (almost EUR1 billion) revenue a year, saw the government deciding to cut the value added tax to 9% for accommodation more

7 apr 2015

The fast moving consumer goods market witnessed legislative changes in the cigarette business, several changes of managers such as the head of Lactalis Romania and Mondelez, Milka importer, as well as more

3 apr 2015

Low-cost airline Ryanair will come to operate flights to seven destinations from Bucharest’s Henri Coanda airport by yearend and wants to carry 700,000 passengers per annum in Romania. more

1 apr 2015

Adria and Frutti Fresh, owned by European Drinks, the company of Micula brothers of Bihor, kept close to Coca-Cola and Pepsi in 2014 as well in terms of volumes sold on the local market of soft more

30 mar 2015

The average occupancy rate of Bucharest hotels rose by 9.3% last year, to 63%, with the Romanian capital city boasting one of the biggest increases of this indicator among ten states of southeastern more

27 mar 2015

Accor plans to buy several hotels in three key cities in Romania, a country the French see as interesting for investments also owing to the results of Renault’s Mioveni plant, says Laurent Picheral, more

25 mar 2015

Employers are moving a greater share of the salary fund towards a variable payment in an attempt to stimulate performance of their employees and cut costs, the HR managers attending the ZF HR more

24 mar 2015

Giampaolo Manzonetto, the Italian who has been in charge of the local operations of juice producer Parmalat for the last 12 years, has been appointed general manager of the main companies the Lactalis more

23 mar 2015

As the living standards in Romania improve, the coffee shop market will stabilize and more and more places will open where Romanians could go out for a cup of coffee, says Dan Ursu, owner of Pro more

20 mar 2015

Last year was a good one for Heidi Chocolat, the largest local chocolate exporter, which saw about 10% growth in revenue, largely because deliveries to foreign clients, says managing director Franco more

20 mar 2015

Fuchs Condimente Ro, a major player on Romania’s spice market, took over Bucharest-based packaging producer Flexfoil last year, according to Official Gazette data. more

13 mar 2015

Claudiu Dorcioman, the Romanian who was appointed last year as head of beverage sales at giant PepsiCo in Romania, says the way the structure of retail has changed in recent years, with major networks more

11 mar 2015

Romania needs a clear strategy to attract foreign tourists and needs to promote a niche segment abroad in the context where its seaside is not an attractive destination because of the prices that are more

6 mar 2015

Jaak Mikkel, the Estonian executive who took the reins of Coca-Cola HBC in Romania in mid last year says he wants to boost sales volumes, after the bottler ended last year with a 6% volume decline. more

5 mar 2015

J’Info Tours, a travel agency owned by Romanian entrepreneurs Carmen and Aurel Pavel, is expecting revenue growth of about 20% this year, after having ended last year with an increase of 15% to 18% more

4 mar 2015

Coca-Cola HBC Romania, the leader of the soft drinks market, climbed 60 spots among the largest local exporters, from 344 in 2013 to 284 in 2014, according to the National Statistics Institute. more