12.31.2021

The average ratio of non-performing loans (NPL) in the Romanian banking system fell below 4% of total loans in the first ten months of 2021, Romania’s central bank data show. more

12.23.2021

Calin Ilie, head of the Romanian Hospitality Industry Federation (FIHR), says the hotel sector will end this year with a decline of just 30% against 2019, when it reported a turnover of RON6.5 more

12.03.2021

BET, the benchmark index of the Bucharest Stock Exchange, declined by 3.5% in November 2021, which was its weakest month since October 2020, according to Bucharest Stock Exchange data. more

11.24.2021

Romania’s cosmetics and personal care market reached a value of EUR1.56 billion in 2020, the first pandemic year, 2% less than in 2019, in line with data provided by market research company more

10.19.2021

Retail and wholesale trade reached RON583 billion last year, down from RON595 billion in 2019, the last pre-pandemic year. Despite the health crisis turned into an economic crisis, 2020 was the second more

10.14.2021

Raffaello Shoes Factory, the largest footwear manufacturer in Romania, posted RON263.3 million (EUR54.6 million) revenue in 2020, a decline of 15% on the ROIN311.3 million (EUR65.7 million) of 2019, more

09.17.2021

After posting two-digit growth and supporting the Romanian economy in 2020, constructions slid in July 2021, by 2.4% year-on-year. The 6.7% infrastructure decline and the 19% decrease of non-housing more

09.06.2021

Sphera Franchise Group (SFG.RO), the operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, which is also developing the KFC brand in Moldova and Italy, on Monday notified the Bucharest more

08.30.2021

Poultry and poultry product company Safir posted RON155.9 million (EUR32.9 million) revenue in 2020, a decline of 8% year-on-year, ZF has calculated from Finance Ministry data. more

08.27.2021

Four-star Capital Plaza Hotel in Bucharest posted almost 80% decline in revenue to merely RON3 million in 2020, Finance Ministry data show. more

08.26.2021

The number of pharmacies in Romania went down slightly by 54 in 2020, but last year was the second year of decline, National Statistics Institute data show. The decrease in 2019 was about the same as more

08.11.2021

The pandemic led to changes in the residential rental market in Bucharest, both in terms of the average rent apartment owners ask and in terms of potential tenants, who chose to give up living in a more

08.04.2021

Romania was and still is one of the most important footwear manufacturers of Europe, but exports shrank a lot in 2019 and especially in 2020. more

07.28.2021

Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japan’s Fujikura group, posted RON127.9 million (EUR26.5 milion) revenue in 2020, a decrease of 47% year-on-year more

07.23.2021

The residential development of Romania’s top cities is uneven, as the latest publicly available information from the National Statistics Institute show. more

07.22.2021

Bucharest will have only 1.4 million inhabitants by 2050, compared with 1.8 million as statistics show in 2018, according to Eurostat data. more

07.15.2021

Banks in Romania granted about RON2.63 billion worth of new loans to companies in May 2021, almost 25% less than in April and RON2 billion or 43% less than in March. more

07.15.2021

Only ten out of 25 construction companies with more than RON100 million revenue, which had doubled revenue in 2019, posted growth again in 2020. more

07.13.2021

Mihail Kogalniceanu International Airport in Constanta saw only 14,700 people passing through it in the first half, about 72% fewer than in the year-ago period, the data the company officials supplied more

07.12.2021

Bicycle manufacturer Eurosport DHS posted RON334.8 million (EUR69.5 million) revenue in 2020, 10% lower than in 2019, ZF has calculated from Finance Ministry data. more

07.01.2021

The restaurant, cafe and bar market reached RON13.2 billion at the end of 2020, 30% lower than in 2019. These are the first official data about the impact of the pandemic on the bar and restaurant more

06.29.2021

Michelin Romania, part of France’s Michelin group, one of the largest tire markers in the world, posted RON3.18 billion (EUR660.3 million) revenue in 2020, a decline of more than 9% from the RON3.51 more

06.21.2021

The top ten companies in Romania with the highest decline in headcount lost almost 9,500 employees in 2020. more

06.16.2021

Spanish-held Inditex group, the owner of Zara and other fashion brands, saw its sales shrink by 27% to RON1.3 billion last year. The group lost the top position on the fashion retail market to more

06.15.2021

Coca-Cola HBC Romania, the leader of the non-alcoholic ready-to-drink beverage market in Romania, and Quadrant-Amroq Beverages, the Pepsi bottler, which ranks second among NARTD beverage producers, more