Category: Uncategorized

Retail sales in Romania surged by 8.6% y/y in 2024 in volume terms, driven by the double-digit (+14.8% y/y) rise in non-food sales, according to data published by the statistics office INS. The private consumption was driven up by the 7.6% y/y rise in the real net wage and the unusually sharp rise in the…

The Bucharest Stock Exchange’s new Code of Corporate Governance was recently presented at a conference organized jointly by BVB and the European Bank for Reconstruction and Development (EBRD) in Bucharest on Wednesday, February 5.  At the conference, representatives of the two institutions, alongside stakeholders of the capital market in Romania and abroad, outlined the importance…

EBRD chief economist Beata Javorcik, state adviser Florin Spataru, Transilvania IT Cluster manager Bianca Muntean, AmCham vice-president Cristian Sporis, and Constructii Erbasu CEO Cristian Erbasu were part of a panel on industrial policies in Romania and the region during an event held at the National Bank of Romania headquarters in Bucharest, February 5.  After presenting…

The Romanian Athenaeum, one of Bucharest’s most iconic landmarks, is set to house a bookstore and a café, following public auctions organized for leasing the spaces, Profit.ro reported. The building’s inventory value has also been updated to over EUR 36 million, according to official data quoted by the same publication. Completed in 1888, the Athenaeum…

Hungarian state-owned company MVM expects to complete its acquisition of the majority stake in E.ON Energie Romania’s gas and electricity supply division by June or July, CEO Karoly Matrai told Portfolio.hu, as reported by Reuters. The official also said that MVM does not intend to sell the companies it plans to acquire in Romania and…

Tudor Platon’s An Almost Perfect Family and Radu Ciorniciuc and Lina Vdovîi’s Dad will be screened at this year’s DocPoint – Helsinki Documentary Film Festival. An Almost Perfect Family, produced by Carla Fotea / MicroFILM, was selected in the International Competition of the festival. The documentary Dad will be screened as part of the event’s…

“The Romanian pet food market is larger than our domestic market in Ukraine. It shows significant potential and is growing steadily, with an average annual growth rate (CAGR) of 7%,” states Yuriy Bykoriz, Managing Director CEE, Kormotech Global. Kormotech, a family-owned global pet food company with Ukrainian roots, has been producing food for cats and…

Romania’s e-commerce sector accounted for 3.32% of the country’s GDP in 2024, showing steady growth but still trailing behind the European average of around 5%, according to data from the Bulgarian eCommerce Association.  In Central and Eastern Europe, Greece leads the region with e-commerce contributing 7.87% to its GDP, while Bulgaria lags behind with just…

Promotional products were twice as present in shopping carts in 2024. Healthier choices: Nearly half of Bringo orders included organic products. Less sugar: +20% increase in sugar-free products in Bringo carts. Bringo, the first rapid online grocery delivery service in Romania using personal shoppers, has analyzed key trends shaping eGroceries consumption habits in 2024. The…

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, reports total sales and pre-sales of EUR 227.8 million in 2024, corresponding to the surface of 83,958 sqm of residential and commercial spaces sold and pre-sold. This includes 850 apartments and commercial units, as well as 1,270 parking spaces…