Romania | News

Romania could record an increase of only 0.7% in sales of new passenger cars and light commercial vehicles (LCVs) this year, with 142,000 units sold, according to Autofacts report made by the PwC network at European level, based on IHS Markit data, but sales in the medium term could surpass the 2019 record.   Local […]

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.

Agent Green, together with the famous TV producer Charlie Ottley, launch together a unique call for the construction of a new bear sanctuary in Romania. International companies are called to join the Bear Right campaign, by paying copyright to… bears.   What would it be like for bears to receive copyright? Bears have inspired so […]

The European Bank for Reconstruction and Development (EBRD) on Thursday (Nov 4) revised upwards its forecast on Romania’s economic growth to 7.2% in 2021 and 4.4% in 2022.

The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018. This tax treatment discouraged companies in several sectors from selling such receivables, but especially financial institutions, which often resorted to such operations to clean […]

Biofarm, one of the most important drug manufacturers in Romania, inaugurated a new production and testing facility in Bucharest, in which over EUR 35 million were invested and celebrates 100 years of uninterrupted activity.   With a usable area of over 10.000 sqm and an annual production flow three times higher than in the existing plant, […]

The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018. This tax treatment discouraged companies in several sectors from selling such receivables, but especially financial institutions, which often resorted to such operations to clean up their balance sheet, according to the recommendations of the National Bank of Romania.

Salad Box founders are bringing a new restaurant brand in Romania after signing an agreement with US fried chicken chain Popeyes, which is set to open 90 restaurants domestically over the next 10 years.

Bogdan Ion, Country Managing Partner, EY Romania & Moldova & COO EY South-East & Central Europe and Central Asia, opened Business Review’s Foreign Investors Summit 2021 with a powerful keynote speech on Romania’s competitiveness in the medium and long-term. You can read the entire intervention below and also download the insightful presentation here, as well as rewatching […]

Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in the city of Baia Mare, on Thursday (October 28), reaching a 108-unit network on the local market.

Romania’s gaming industry posted EUR218.5 million revenue in 2020, an increase of 19.1% year-on-year, a report of the Romanian Game Developers Association (RGDA) shows.

Logistics operator KLG Europe Logistics plans to make investments to expand its hub network in Romania from nine to 20 units in the next five years, explained Daniel Radu, national transport manager with KLG Europe Logistics.

Romania’s courier services market is expected to expand this year as well, with growth seen at around 15%.

Romanian tourists’ massive shift toward the domestic hospitality industry amid pandemic restrictions is turning into a rare opportunity to invest in this field, says Dragos Petrescu, founder of City Grill, Romania’s biggest entrepreneurial business in the restaurant field.

Smart Fintech marks a new premiere in Romania, becoming the first third-party provider licensed on both open banking segments. After becoming the first authorized payment institution in Romania under the PSD2 European directive in April, the start-up also received earlier this month authorization as an account information service provider from the National Bank of Romania, […]

Nooka Space start-up continues its expansion and announces the launch of the largest network of smart proximity offices in Romania, in Cluj Napoca.   So far, the first five such units have been installed, both in the central and peripheral areas of Cluj, in order to be easily accessible by people who need modern workspaces […]

Online home deco retailer Bonami, part of Czech group Miton, in the first half of this year registered a 10% sales increase in Romania against the same period of 2020 and the company is now readying for the holiday period for which it expects sales of around EUR4 million.

PlanRadar, the European technology leader for the digitization of documentation and communications in real estate, construction, and engineering projects, announces the official launch of its services in Romania.   Founded in 2013, Austria-based, PlanRadar digitizes construction and real estate projects in over 55 countries. Working worldwide with key players in construction companies, construction suppliers, real […]

Romania’s central bank has cleared banks in Romania, some of which are controlled by foreign financial groups from countries such as Austria, France, Italy, the Netherlands and Greece, to pay dividends to shareholders following a multi-year hiatus imposed by the pandemic fallout.

Furniture retailer Ikea, present with two stores in Romania, went beyond the RON1 billion turnover mark domestically in the financial year ended on August 31, 2020, according to the group’s representatives.