08.14.2014

The tax evasion that reached about EUR23 billion last year, or 16.2% of the gross domestic product, is robbing Romania of 5,000 kilometers of highways that it could build with this money in one year more

07.18.2014

In 2008, the group built in Bihor by brothers Ioan and Viorel Micula generated almost one billion euros in revenue. In 2013, two of the largest companies part of the entrepreneurs’ food empire, more

06.11.2014

Tymbark Maspex, the largest Polish investor in Romania’s soft drinks industry, has hired over 100 people since the beginning of the year, with its headcount in the country revolving around 880 more

06.05.2014

Coca-Cola HBC Romania, the largest soft drinks company in Romania, ended 2013 with a profit margin of less than 5%, its lowest during the crisis. more

05.13.2014

Silviu Popovici, who is running PepsiCo’s around $5 billion business in Russia for a year and a half, says he will return to Romania in 5-10 years, but does not rule out his taking over the more

04.23.2014

Coca-Cola HBC Romania, leader of the domestic soft drinks market, in the first three months of this year hired more than 30 people, both in the commercial department and in the procurement chain, and more

02.24.2014

The energy drink segment, which doubled its value in 2005-2010 and faltered starting 2011, is likely to return to growth this year after several years of stagnation, shows a ZF survey based on more

02.11.2014

Prigat, Giusto and Cappy were the best-selling JNSD (juice, nectars, and still drinks) brands in Romania in 2012 on a market that amounts to about 170 million liters a year, according to market more

01.24.2014

The year 2013 was a year of revenue growth, though modest, because the rainy summer and low consumer income affected the entire soft drinks market, says Levent Yuksel, the executive who runs the local more

01.20.2014

Amid the lack of an established alcoholic drink brand and the ongoing decline of spirits’ sales, international companies such as Pernod Ricard, with revenue of several billion euros worldwide, are more

10.14.2013

Coca-Cola, Borsec and Frutti Fresh were the best-selling soft drink brands last year (including bottled mineral water). The three hold an over 28% share of the market by volume, shows a ZF analysis more

06.07.2013

Romanians now consume 2.8 billion liters of soft drinks and of bottled mineral water per year, over 20% more than in 2005. Consumption per capita has reached around 130 liters. Last year the market more

05.07.2013

European Food&Drinks group based in Bihor County (northwestern Romania), the largest food industry business of the country in 2007-2008, posted EUR386 million revenue in 2011. The amount in euros is more

10.25.2012

The energy drinks market, the most dynamic among soft drinks after its value quadrupled from 2005 through 2010, is showing the first signs of stagnation this year. more

06.14.2012

Azuga Waters, owned by Violeta Moraru and her husband Valeriu Moraru, has completed the acquisition of the previously rented assets at the plant in Azuga (southern Romania). more

02.16.2012

KFC, Pizza Hut and PHD restaurant networks in Romania, controlled by local businessman Gabriel Popoviciu, have sealed a contract with Coca-Cola HBC Romania under which the soft drinks bottler will more

01.19.2012

Tymbark Maspex, the largest nectar producer on the Romanian market, expects 15% higher sales in 2012 compared with last year. The projected sales could thus reach 315 million lei (EUR72 million), ZF more

12.15.2011

Violeta Moraru and her husband Valerii Moraru who control the mineral water business Azuga Waters says that production of a new soft drinks brand, Santiago, will begin in January 2012. This is the more

11.28.2011

The Romanian soft drink market did better in 2011, when the decline in sales was lower than the dramatic drop posted in 2010, says Mihaela Burtoi, group brand manager of soft drink maker Tymbark, more

11.10.2011

Carbonated soft drinks, mineral water and roasted coffee are the products that account for the highest share in Romanians’ food basket, in terms of value and not in terms of consumer basket volume. more

10.17.2011

Coca-Cola HBC Romania, the largest competitor on the beverage market of this country with over EUR400 million sales last year, has recruited Dan Timotin as its chief financial officer. more

07.14.2011

The heat advisory issued for this period is good news for at least 20 beverage industry managers, with over EUR1.5 billion sales, given that beer and soft drink sales spike in such contexts. more