Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring with its “Pre-Owned” program, launched in 16 countries already, industry sources told ZF.
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the Euromoney Global Private Banking Awards, the preeminent annual awards program of the worldwide private banking and wealth management industry.
International law firm CMS has advised PPC Renewables on the successful completion of their acquisition in Romania of an 84 MW operational wind farm from Lukoil Group, a deal that was signed and announced in 2023.
Scandinavian home furnishing retailer JYSK continued expansion in Romania by opening two new stores in Husi and Bistrita this week for a total of 140 in the country.
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 3rd place in the ranking of the largest banks in Romania by assets in 2023, overtaking BRD, which is held by French group Societe Generale.
Pizza Hut restaurant chain held by Sphera Franchise Group in Romania, which also holds the KFC and Taco Bell franchises, underwent a significant restructuring process in 2023 and 2024, which entailed closing almost one third of the restaurants in order to break even and then turn a profit.
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted pre-tax profit of EUR92 million in Romania in 2023.
Gym network Stay Fit Gym, one of the largest actors on this market in Romania, plans to develop fast in the next two years. It seeks to go from 35 gyms in 15 cities at the moment to 55 by the end of 2025, cofounder Alexandru Lascar says.
Euro Insol, the judicial administrator of Uzina Constructoare de Masini (UCM) Resita, has announced the signing of the contract for the sale of the UCM Resita business to Uzina de Constructii Masini Hidroenergetice, a company controlled by Hidroelectrica, Romania’s biggest energy producer.
A total 21,461 housing units were put into use in Romania in the fourth quarter of 2023, 923 more units than in the same period of 2022, provisional data from the country’s statistics board INS showed on Tuesday (March 12).
Net investments in Romania’s economy totaled RON189.3 billion in 2023, up 16.6% year-over-year, data from the country’s statistics board INS showed on Tuesday (March 12).
Polish group Amrest, which owns 59 Starbucks coffee shops and 10 Burger King restaurants locally, last year generated EUR3.2 million gross profit in Romania, up 28% from 2022.
The salary gap between women and men continues to be high in Romania, namely 21.6% in favor of men, reveals the “Equal Pay Gender” analysis, carried out by PwC Romania based on the data collected in the Paywell survey.
Motorola Mobility, part of Chinese group Lenovo, plans to reach the threshold of 500,000 smartphones sold in Romania this year, thus maintaining the growth pace registered locally in recent years.
Hungarian construction company Kesz, which has built several plants and real estate projects in Romania, is set to develop its first own residential project in Romania.
Revolut is entering the bank deposit market in Romania and rolling-out annual interest-bearing in-app savings accounts to its over 3.5 million customers in Romania.
Romania has a total modern retail space stock of more than 4.3 million square meters, of which over 2.7 million square meters are malls and the rest mainly retail parks, the annual market report published by real estate consultant Colliers shows.
US-held Uber, which operates one of the largest mobility platforms worldwide, on Thursday announced the launch of UberX Share service in Romania, in Bucharest, at the same time as in Poland, Warsaw and Sweden, Stockholm.