Romania Feed

The development activity in the retail market has been modest in the first nine months of this year, with only three small projects delivered, but we have also seen new retailers and developers entering the Romanian market this year, according to the Cushman & Wakefield Echinox real estate consulting company.   In total, new commercial […]

Romanian-based digital transformation and technical specialist, ddroidd, has exceeded its £3m turnover target in its first year, and has ambitious growth plans to double in size over the next 12 months as it embarks on a recruitment drive.   ddroidd, which billed more than £3.2m in its first year of trading, specialises in designing, developing […]

The list of large taxpayers was updated by the Romanian Tax Authorities (i.e. ANAF) after more than 5 years. Following the update of the classification rules, the number of large taxpayers has increased from 2,940 to 3,364, but the number of companies appearing for the first time on this list is much higher because many […]

Holde Agri Invest, a Romanian company operating farmland, announces a new investment in the agritech field through by acquiring a stake in Enten Systems SRL. The value of the transaction amounts to 370,000 lei, out of which 247,000 lei was used to acquire a minority stake, while 123,000 lei represents a financing convertible into shares. […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 2.45% a year on Monday (November 8) from 2.43% a year on Friday (Nov 5), per central bank data.

Finance is the driving force required to allow businesses to grow, expand, and offer novel services. The way finances are utilized has a direct effect on business operations, especially when you are involved in online trading. Planning to use finances accordingly, building up a strategy, and following it religiously is the key to being successful […]

OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, registered consolidated profit after tax worth RON14 million in the first nine months of 2021, down 65% from the year-earlier level, amid 23% higher operating expenditures.

Turism Covasna (TUAA.RO), a company managing Covasna, Cerbul and Caprioara hotels of Covasna, ended the third quarter of 2021 with turnover worth RON11.54 million, up 92.2% from the year-earlier period.

2021 has been the best year so far in the two-decade history of flower shop chain Magnolia as Romanians continued to send flowers to loved ones as a way to connect during the pandemic, explained Gabriel Molnar, Magnolia founder.

Travel agency Happy Tour, one of the biggest players on the market, in the first nine months of this year registered EUR12 million turnover, matching the entire 2020 level and expects to reach the EUR15-16 million threshold by yearend.

Italy’s group Erilon, a provider of state-of-the-art farm solutions, wants to enter the Romanian market, as well as neighboring countries, such as Hungary, Serbia or Poland.

Belgium’s bakery group La Lorraine has invested over EUR70 million in the first two phases of the new plant in Campia Turzii and is set to invest another EUR60-70 million in the next phase.

Fashion Days, Romania’s biggest online fashion retailer, owned by eMAG group, in 2021 banks on RON650 million revenues on the domestic market, up around 20-25% higher than in 2020, as e-commerce continued to boom on the apparel, footwear and fashion accessories segment amid the pandemic.

Furniture and home decor retail chain Homelux has opened a new store in Ploiesti, in the Mercur Shopping Center, on Friday.

Sensiblu, the second largest pharmacy chain in Romania, has secured the approval of the Competition Council to take over 23 Optifarm pharmacies.

Conducted in partnership with D&D Research on a sample of over 1600 people, the study started from the desire of defining the taste of home, but also Romanians’ culinary influences in their consumption habits. The results show that, on one hand, 81% of Romanians associate specific ingredients with the taste of childhood, suggesting that their […]

E-commerce is growing so fast that every month the number of packages handled increases by a few percent. The numbers explode in November, with the launch of Black Friday. Last year, the value of orders placed during this period of discounts increased by 234% compared to Black Friday 2019. And the number of orders increased […]

Notino, one of the largest online retailers of perfumes and cosmetics, starts the Black Friday sales on Monday, November 8th. For three weeks, the online retailer will have the best offers and discounts both in the online and physically store, and also on the mobile application, thus offering more flexibility on discovering the new deals. […]

Not many industries are prospering more than the iGaming sector. Its businesses are benefitting from its global market value of more than £192 billion, so much so that one of the biggest gaming developers has just announced a takeover worth £2.7 billion. Playtech, an iGaming giant, is being acquired by Australian firm Aristocrat Leisure, signalling the health […]

Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified the Bucharest Stock Exchange that at the United Nations Conference on Climate Change (COP26), U.S. Secretary of Energy Jennifer M. Granholm and Romania’s Minister of Energy, Virgil Popescu, announced NuScale Power and Nuclearelectrica signed an agreement to implement the NuScale’s innovative small modular reactor technology.