09.20.2013

The price of the ten main food products in the consumer basket went up by 24% during the five years of crisis, with the biggest rises being recorded for pasta (over 50%), chicken (48%) and sugar more

09.19.2013

Card holders spent 11 billion lei (equivalent to EUR2.5 billion) on food, beverages and tobacco, half the overall amount spent by Romanians using cards. more

09.12.2013

Consumer loan stock fell by the equivalent of 21 billion lei (EUR4.6 billion) in July, from the record high reached in February 2009, when the financial crisis hit Romania. more

09.11.2013

The Romanian central bank’s recent cut in its monetary policy rate triggered an increase in loan-based sales of electronics and IT products, one of the sectors that has been affected by the more

08.29.2013

Sales per square meter, the most significant indicator for the local retail that actually reflect the consumer spending trend, reached an average of EUR4,200 last year, from the EUR6,500 to EUR7,000 more

08.19.2013

Non-banking financial institutions members of the ALB Romania association, which make up for 84% of the local consumer lending market, granted financing of EUR195 million in the first half of 2013, more

06.25.2013

After extensive restructuring measures, Romania's largest lender Banca Comerciala Romana (BCR) is ready to restart lending to individuals, but only in lei, according to the bank’s strategic decision more

06.06.2013

Most Romanians are still cautious when it comes to new acquisitions, despite signs that the country’s economy regains strength, and say they are currently unable to save money, according to a GfK more

04.26.2013

Romanians, Germans and Austrians are the most optimistic Europeans regarding their countries’ economic development in the upcoming period, while Portuguese, French and Greek consumers are expecting more

04.23.2013

Non-banking financial institutions members of the ALB Romania association, which make up for 86% of the local consumer lending market, granted financing of EUR512.4 million last year, the association more

03.21.2013

The Romanian subsidiary of Austria’s Raiffeisen Bank International will purchase Citibank’s Romanian consumer portfolio, the lenders said in a joint statement Thursday. more

03.04.2013

Household spending in Romania dropped 1% in the last quarter of 2012, compared with the similar interval of 2011, after a 1% increase in the third quarter, according to a Visa Europe survey. more

02.06.2013

The major problem of banks in Romania is that they are very much stuck in consumer lending and have not developed their capability to finance the entrepreneurial sector, believes central bank (BNR) more

02.04.2013

Mineral water consumption increased by about 5% in 2012 after three years of decline, according to the estimates of Adrian Feru, research manager of Romania’s National Company of Mineral Waters more

12.05.2012

Citigroup will sell or scale back its consumer banking operations in five countries, including Romania, as part of a larger repositioning strategy that aims to cut costs and boost efficiency, the more

10.10.2012

Romania’s annual inflation continued to accelerate for a fourth straight month in September as consumers paid by over two percent more for food items, official data showed Wednesday more

09.16.2012

Solomon (Sony) Mordechai, the Greek entrepreneur who has recently put the Burberry brand on Calea Victoriei (downtown Bucharest) is taking a new bet on Romanian market. This time it is about the Snack more

07.18.2012

Romanians expect their income will increase in the upcoming period, which has been a stimulus for shopping over the past few months, but are less optimistic regarding their country’s economic more

05.03.2012

Romanian economic expectations have improved slightly in the first three months of 2012 from a quarter earlier, but consumers are more restrained with their money, a survey from market researcher GfK more

03.08.2012

Metro Cash&Carry, the largest retailer on the Romanian market by sales, is the first to provide a pessimistic estimate about the consumer-spending trend this year. The company, whose last year sales more

02.15.2012

Lending granted by non-bank financial institutions (NBFIs) included in the special register of the Romanian central bank narrowed by 14% in the past two years and reached 29.4 billion lei (EUR6.7 more

02.14.2012

Romanians remain pessimistic about the country’s economic outlook for the next twelve months, but consumers are more inclined to open their purses than they were in the second half of 2011, a survey more

01.18.2012

Romania is at the bottom of the European Union rankings by gross domestic product, gross domestic product per capita or average wage. These are but the most obvious of the rankings, though. It is also more

11.01.2011

Romanians cut back on soft drinks, frozen vegetables and bleaching products in the first six months of the year. The biggest losers - teeth whiteners, bath foam and frozen fish recorded over 20% more

10.18.2011

A typical debtor to a bank is male, aged 30 to 34 years, lives in Bucharest and holds a loan in lei, according to data from the Credit Bureau, the institution that collections information on loans to more