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.
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Zabka Grows To More Than 50 Stores In Romania In Less Than Eight Months
12.27.2024
Poland’s Polish group Zabka, which has a network of more than 10,000 stores in its home market, entered Romania’s grocery retail market about... more
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Independent Retailer OTOTO Readies To Open Its 4th Store In Bucharest, 2nd In Vienna
12.24.2024
Ototo, a retailer that brings hundreds of independent brands under its umbrella, continues its expansion both in Romania and abroad, namely, in... more
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Profi Gets EUR20M Loan From Banca Transilvania, EBRD Guarantees Up To EUR10M
12.23.2024
The European Bank for Reconstruction and Development (EBRD) has announced in a press statement a partnership with lender Banca Transilvania to... more
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Louis Vuitton Opens Store On Ground Floor Of Athénée Palace Intercontinental In Bucharest
12.20.2024
Louis Vuitton, one of the biggest names in the luxury industry, has opened a new store on the ground floor of the Athénée Palace Intercontinental... more
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Complice.ro: Average Budget For Experiential Gifts At RON550 In 2024
12.20.2024
The average budget for experiential gifts has reached RON550 in 2024, according to representatives of Complice.ro, the online store providing... more
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Dan Ostahie Takes Over Brico Dépôt DIY Stores from Kingfisher for EUR70M
12.18.2024
Dan Ostahie, one of the most powerful local entrepreneurs, Altex founder, has acquired the local operations of DIY retailer Brico Dépôt from... more
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Carrefour Romania To End 2024 With 178 Express Units Across Romania
12.17.2024
Carrefour Romania will end 2024 with a network of 178 Express units nationwide, after opening 16 integrated stores and six franchise stores. more
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Auchan Becomes Anchor Tenant In EUR500M Project Developed By IULIUS And Atterbury Europe In Cluj-Napoca
12.16.2024
RIVUS, the industrial reconversion and urban regeneration project in Cluj-Napoca, developed by IULIUS and Atterbury Europe, an investment estimated... more
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Kaufland Opens Its Second Unit In Calarasi, Reaches 187 Hypermarkets In Romania
12.12.2024
German retailer Kaufland has inaugurated on Dec. 12 its second store in the town of Calarasi, reaching a network of 187 hypermarkets in Romania. more
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Intersport Puts Romanian Nicolae Mogos In Charge Of Its Local Operations
12.10.2024
Sporting goods retailer Intersport, one of the most powerful actors in this market by turnover and number of stores, has appointed Romanian... more
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Romania's Antitrust Watchdog Sets Off Inquiry Into Sporting Goods Market
12.10.2024
Romania's Competition Council has announced in a press statement on Dec. 10 that it has launched an investigation into possible anti-competitive... more
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Law Firm GNP Guia Naghi Si Partenerii Advised Ahold Delhaize In Acquisition Of Retailer Profi
12.04.2024
Law firm GNP Guia Guia Naghi si Partenerii assisted the Ahold Delhaize "The Lion" Nederland Group, owner of the national retail chain Mega Image,... more
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Hesburger Opens Sixth Restaurant In Romania, In Mega Mall
12.02.2024
Hesburger, the largest fast-food chain in Finland and a famous brand all over Europe, has opened its sixth restaurant in Romania, in Mega Mall,... more
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Evomag Sees EUR7M Sales On Black Friday 2024
11.21.2024
Online retailer Evomag, one of the main players in the local IT&C market, recorded orders of EUR7 million during the Black Friday 2024 campaign,... more
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dm drogerie markt Romania Ends FY2023-2024 With RON1.77B Revenue, Up 35%
11.21.2024
Retailer dm drogerie markt Romania ended fiscal 2023-2024 on September 30 with RON1.77 billion revenue, an increase of 35.35% on the previous year. more
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EY Holiday Shopping Survey: Global Cost Of Living Crisis Drives Shoppers To Seek Out More Bargains
11.11.2024
Consumers’ continued passion for seasonal sales is being fueled by the global cost of living crisis, driving shoppers to seek out more bargains... more
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eMAG Overshoots EUR800M Sales Mark In First 12 Hours Of Black Friday Campaign
11.08.2024
eMAG, the region's largest online retailer, has overshot the RON800 million mark for this year’s Black Friday it had set out to achieve. In fact,... more
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Investment Fund Innova Capital Makes Three Acquisitions and One Exit in Less Than Two Years
11.05.2024
Innova Capital, a major financial investor in CEE, has made three acquisitions and an exit on the local market in the past two years. more
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Survey: Romanian Brands Maintain Their Relevance; 32% Of Commercial Brands Eligible for Superbrand Status Originate From Romania
10.23.2024
The ranking of the 20 commercial brands, which were declared eligible for the Superbrand status in the 2024 edition of the Superbrands Romania... more
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Casa Rusu Stores Go Insolvent As Founders Seek To Save Furniture Manufacturing Operations Of Rus Savitar
10.18.2024
Casa Rusu, the operator of the furniture stores by the same name has gone insolvent at the request of Rus Savitar, the company part of the same... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.