Romania | News

Germany’s PVC profile maker Veka, present in Romania with a plant on Bucharest-Pitesti highway, saw turnover go up by over 50% in 2021 against 2020.

NN Romania recorded solid financial performance on all business lines in 2021, despite challenges still faced by the local economy in the Covid-19 context. The company consolidated its position as a financially stable life insurance and private pensions leader with a significant footprint in the local economy. At the same time, NN accelerated its digital […]

Romania’s e-commerce sector has reached the threshold of EUR6.2 billion at end-2021, almost 10% higher than in 2020 when the electronic commerce was estimated at EUR5.6 billion, in line with a report by GPeC and the Association of Romanian Online Stores (ARMO).

Auchan Retail inaugurates a new logistics center, the second in Romania, located in the northwest of the country, in Călan city, Hunedoara County. With a storage surface of ​​22,000 m2, the new warehouse accommodates both ambient and fresh products, as well as office spaces. The entire campus, planned to be expanded in the coming years, […]

After 2019, the darkest year for Romanian exports in the post-crisis period of 2008-2009, the first year of the pandemic (2020) was an even tougher one in terms of the evolution of the country’s trade balance: covid-19 eroded exports by 9.9 percent compared to the previous year.   By Claudiu Vrinceanu    Romania remained the only […]

Romania’s software and services industry contributes approximately 6.2% to the country’s gross domestic product (GDP), which amounts to almost EUR13.6 billion. as per a survey by the company Roland Berger for the Romanian Employers Association in the Software Industry (ANIS).

Sales of dermo-cosmetics in pharmacies in Romania increased by 27% to a total of RON360 million (EUR73.2 million) last year and the market was dominated by facial care products, which accounted for 38% of the total, body care (19.8%) and hair care (19.4%) products, according to a Cegedim report.

Online fashion retailer Answear, a business started in Poland more than ten years ago and present in Romania since the end of 2015, posted record sales in all ten countries where it operates - EUR159 million last year, 67% higher than in 2020.

Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in Campina (Prahova County), on Thursday (Feb 3), reaching a 113-unit network on the local market.

Germany’s retailer Kaufland is opening a hypermarket in Turnu Magurele (Teleorman County), reaching a total 149 hypermarkets in Romania.

The leading European renewable energy developer Green Genius plans to build over 500 MW Solar PV capacity in Romania by 2025 to generate green and clean energy in the country. According to Green Genius representatives, the company aims to invest about EUR 450 million in this project, through which, by producing and selling green energy, […]

Romania registered over 37,000 new job openings in January 2022, 61% more than in January 2021 and 29% more than in January 2020.

HBO Max, WarnerMedia’s premium streaming platform, arrives in Romania on March 8, 2022, it has been confirmed today, replacing HBO Romania. HBO Max offers a world of high-quality entertainment from beloved content brands, including Warner Bros., HBO, DC and Cartoon Network, Max Originals, and much more.   Attractive pricing has also been revealed. The monthly subscription […]

FREE NOW, Europe’s leading multi-mobility platform, has seen a favorable development in ride-hailing and has observed a dynamic recovery in this sector after the pandemic, estimating a doubling of the brand’s local operations in Romania in 2022. FREE NOW remains the multi-mobility platform that offers drivers the lowest commission in the market, making it the […]

Poland’s startup merXu, an online B2B trading platform for Central and East European companies, has come to have almost 1,000 companies in Romania registered on the platform in around 3 months since it launched on the local market, with the pace being faster than in the neighboring country, Hungary.

CEOs in Central and Eastern Europe (CEE), including Romania, are now looking to markets closer to home for potential expansion and growth opportunities, according to the CEO Survey 2022 for the CEE region. Germany has increased its lead at the top of key markets list by 10 percentage points since the 2021 survey, with 38% […]

A report released Friday (Jan 28) by the Organization for Economic Co-operation and Development (OECD) shows that, according to OECD predictions, Romania’s economy grew by 6.3% in 2021 and is expected to grow by 4.5% in 2022 and 2023.

Alta Seeds, a brand of Advanta Seeds, part of Indian group UPL, producing genetics for sunflower, sorghum or rapeseed in Romania and providing integrated services, has reached a 6% market share in Romania after a 3-year presence.

AmCham on Wednesday welcomed Romania’s success of being one of the six candidate countries with which the Organization for Economic Co-operation and Development (OECD) has decided to open accession discussions.

The mergers and acquisitions (M&A) activity in Romania rebounded strongly in 2021 against 2020 in terms of deal value, which climbed 32% to $6.2 billion (EUR5.2 billion), and deal numbers that stood at 178, underscoring the strength of investor confidence in the Romanian business climate and its recovery post-COVID, especially in the second half of the year, in line with an EY analysis.