Romania Feed

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.

Simplify, the business ecosystem for online stores launched in Autumn 2020, doubled its turnover in less than a year since its inception, becoming KLG Europe Romania’s “star”. To better understand how this remarkable growth was made possible, and to find out what the future holds for Simplify by KLG, Business Review sat down with Cosmin Căpățâneanu, Digital […]

The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company. The leasing activity was driven mostly by new demand, which accounted for […]

Impact Developer & Contractor, the first real-estate developer listed at the Bucharest Stock Exchange (BVB), reveals it’s new brand identity. Under the statement “Developing sustainable communities”, the new branding reflects the company’s vision of developing large residential communities using sustainable technologies and solutions, with a low environmental impact.    Impact Developer & Contractor’s mission is […]

Ever wonder why the business process management (BPM) software market in Romania is so small? And more importantly, will it ever grow? The COVID-19 pandemic may be exactly what the BPM market needs to gain traction to reach its true potential. According to the Global Mobile Business Process Management Market report for 2016–2022, the global BPM market is expected to reach $3.7 billion by 2022, with an annual growth rate of 21.5%. And Romania is definitely a part of this market.

emz, a producer of electrical home appliances and environmental technology headquartered in Nabburg, Bavaria, is poised to set up an around 3,000-sqm production unit in Resita industrial park.

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken before May 2019 rose 2.43% a year on Friday (November 5) from the 2.40% on Thursday.

Romania retail turnover, the main barometer for private consumption, in the first nine months of this year rose by 11.9% as gross series from the same period of last year, amid rising sales of non-food items (17.6%), fuel (11.8%) and food, beverages and tobacco (6%), in line with National Statistics data.