Romania | News

Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019.

Germany-held Kaufland, with a network of around 150 hypermarkets in Romania, is carrying out a new logistics project in Sinesti, Ialomita, around 30 away from capital Bucharest, according to ZF sources.

Leonidas chocolate shop network, present in Romania in a franchise system, will relocate the store of Radu Beller street of Bucharest on Calea Dorobantilor, in the same area. The opening is scheduled for end-January, with the space set to be a flagship store, the biggest chocolate shop of Romania.

Romania’s M&A (mergers and acquisitions) market in 2021 grew in terms of both value and volume against the previous year, marked by the coronavirus pandemic, stated PwC representatives, adding the upward trend will continue in 2022.

China-held Oppo, one of the world’s biggest players on the smartphone market, which officially entered Romania in mid-2020, at the end of 2021 saw its sales triple against the first month of the same year.

2022 is expected to be the year Romania’s modern retail will witness the quickest expansion so far, with over 500 new units and investments of at least EUR1 billion.

In Romania’s history, 2006 is remembered as the year when the mandatory military service was abolished and the big anti-corruption offensive began. It’s also the year when Canadian-born Michael Topolinski first came to the country. The thriving economy, mesmerizing consumers with the promise of a better life, made the young investor realize the long-term potential […]

Mondelez International wound up the acquisition of Chipita Global, one of the biggest producers of croissants and baked snacks in Central and Eastern Europe, a $2 billion deal. Amid the deal, Mondelez and Chipita will create the first RON1 billion company in Romania’s confectionery industry.

Romanians registered 121,208 new cars last year, 4% below the 2020 level of 126,351 units, data published by Romania’s carmaker association ACAROM showed on Monday.

Sweden’s fashion group H&M has only five direct suppliers in Romania left - Artifex, CB Pelletterie, Formens, Pandora Prod and Simiz Fashion, the retailer said.

The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the 2022 state budget. Revenues are expected to grow 13% amid 11% higher budget spending so that the budget deficit should reach 5.84% of gross domestic product (GDP).

Unilever has invested more than EUR120 million in Romania over the past 30 years, since the group's first products entered the local market, says Romanian executive Ana-Maria Paslaru, who became general manager of Unilever South Central Europe this year, running a business worth more than RON1 billion in 2020.

Sphera Group (SFG.RO), owner of KFC, Pizza Hut and Taco Bell franchises in Romania, and of KFC restaurants in Chisinau (Republic of Moldova) and Italy, announced in a stock market report on Wednesday the opening of the first Pizza Hut Express restaurant in Romania, in the town of Buzau.

The EU and the European Investment Bank may provide financial assistance and advisory services, but it remains Romania’s job to design its own future, Lara Tassan Zanin, Head of the EIB Group Office in Romania, said during the most recent Foreign Investors Summit, BR’s landmark event that reached its 8th edition this year.   “Romania must […]

During the 2009-2020 period, companies operating in Romania’s private healthcare field saw their turnover grow fivefold, from RON2.3 billion in 2009, to RON11 billion last year.

Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to market sources.

Law firm Wolf Theiss assisted Spanish startup Glovo in the process of the Competition Council's authorizing the takeover of Foodpanda operations in Romania. Romania’s antitrust body officially announced on Friday (Dec 17) that it had approved the acquisition of Foodpanda SRL by Glovoappro SRL, but under certain terms.

Israel’s Econergy, one of the leading green energy investors in Romania, has leased spaces within the Metropolis Center in capital Bucharest for its head office in Romania.

On Tuesday (Dec 14), the Bucharest Court admitted the insolvency request of Romania’s National Uranium Company put in by Tinmar Energy, a firm held by businessman Augustin Oancea, according to Ziarul Financiar daily.

Foreign tourists who came on holiday in Romania in January-October 2021 spent around EUR2 billion, in line with data provided by the National Bank of Romania.