06.28.2023

Romania's media market kept growing in 2022, but at a slower pace, of just 9%, reaching a net value estimated at EUR657 million, in line with the Media Fact Book annual report conducted by media more

09.15.2022

Libris.ro, one of Romania’s largest online bookstores, is taking steps towards the renewable energy generation with the installation of 835 solar panels on the rooftop of its book warehouse in more

08.22.2022

Bookstore chain Diverta, which went insolvent for the second time in the summer of 2021, was acquired by businessman Augustin Dragan from founder Octavian Radu several months ago. The deal included more

08.17.2022

Bookstore chain Carturesti is investing EUR450,000 in AudioTribe, the first Romanian platform with audiobooks in Romanian and English, launched a year ago. more

10.14.2021

ACT si Politon publishing house posted more than RON2.5 million sales in the first half, an increase of 10% on the year-ago period, after having launched 27 new titles, 18 of which as audiobooks, more

10.05.2021

Book market players strove in 2020 to keep the market from plummeting and adjustment to the new context and the new reality of online sales brought a mere 7% market decline, compared with a 20% drop more

02.09.2021

Elefant.ro, one of the largest online retailers in Romania, posted 30% higher sales of books last year compared with 2019, even though the overall market witnessed a slight decline. more

01.18.2021

The media market in Romania decreased by 2.7% on the year in 2020, to EUR467 million, but is seen growing 4% in 2021, to EUR485 million, backed mostly by media investments in digital and TV, according more

10.19.2020

Apiary Book, the most utilized app for beekeeping worldwide, founded by Bogdan Iordache in 2015, seeks to get EUR150,000 via equity funding on the SeedBlink platform. more

05.19.2020

Online book retailer Elefant.ro will be organizing this year's biggest book fair to take place exclusively online in the period May 27-31. more

04.27.2020

Online retailers are seeing a surge in sales of books during lockdown due to the COVID-19 pandemic. On the other hand, the bookstores with mostly offline operations have had to close most of their more

01.20.2020

The media market in Romania grew 7% on the year in 2019, to EUR487 million, and is seen growing 5.5% in 2020, to EUR514 million, according to the latest Media Fact Book report by media agency more

10.02.2019

Cyprus-based Lorimer Ventures Limited, which owns a 22.6% stake in winemaker Purcari Wineries said it plans to sell its stake through an accelerated book building (ABB) process which does not require more

10.03.2017

Book publisher Grupul Editorial Litera ended the first half with double-digit growth on the year-ago period, its officials said. more

11.25.2016

Iasi-based publishing house Polirom established in 1995 expects EUR5 million revenue this year, a slight increase in 2015, its officials say. more

07.28.2015

Compania de Librarii Bucuresti (CLB), the third largest bookstore chain in Romania, expects revenue to drop slightly to EUR9.7 million this year, as book sales fell by almost 4% in the first half. more

07.10.2015

The Carusel bookstore in Bucharest’s Old Town might generate almost EUR1.5 million revenue this year for its owner, the Carturesti group, according to ZF’s estimates based on the data supplied by more

06.19.2015

Books generate up to 60% of the sales of major bookstore chains, which replaced some of the bookshelves with stationery, toys, gifts and gadgets in an attempt to keep up with competition from online more

06.03.2015

Diverta, the bookstore chain held by businessman Octavian Radu that exited insolvency in 2013, ended last year with 9% lower sales than in 2013, EUR9 million, and closed three stores so it now has more

06.02.2015

Romania ranks seven out of ten among the most promising frontier markets, according to the “Frontier. Exploring the top ten emerging markets of tomorrow” book by Gavin Serkin, emerging markets more

10.22.2014

South-African investment fund New Europe Property Investment (NEP.RO) has raised around EUR100 million in a capital hike and has closed its book build launched earlier Wednesday. more

08.19.2014

The 16 bookstores of the Carturesti chain, a business started in 2000 by two Romanian entrepreneurs, Nicoleta Dumitru and Serban Radu, sold one million Romanian and foreign books and posted about more

05.27.2014

Romania's advertising market is seen at EUR306 million this year, slightly higher than in 2013, when its net value reached EUR305 million, according to the Media Fact Book study released Tuesday by more

09.09.2013

South-African investment fund NEPI raised about EUR45 million through an accelerated book build which opened Monday, and the money will be used to develop shopping center Mega Mall in Bucharest and more

06.19.2013

The overall net value of Romania’s advertising market is seen reaching EUR295 million in 2013, down from EUR303 million in 2012, according to the Media Fact Book study published by Initiative. more