The food service market in Romania grew to 5.66 billion euros in 2021, exceeding by 21% the record registered in 2019, before the beginning of the Covid 19 pandemic, according to the fifth edition of the national food & drinks service national study, made by Hospitality Culture Institute. According to specialists of Hospitality Culture Institute, Glovo is the leader in the food delivery market, followed by Tazz and Foodpanda. The performance is more notable as, since the beginning of the ongoing year, Glovo purchased the infrastructure and services of Foodpanda, consolidating its leading position. “In point of payment means, cash wins back the grounds lost during the pandemic, which makes more surprising the aggressive increase of the number of Romanians who no longer leave tips on location or upon delivery. In just a year, the percentage of those who do not leave tips has trebled reaching 32%,” Florin Maxim added. According to Hospitality Culture Institute data, Romanians started spending more money for food services, the value of expenses growing in all categories analyzed. However, 59% of the market continues to be generated by expenses between 21 and 50 lei. The report includes the detailed analysis of the expense value and the evolution of every industrial sector, as well as annual variations. As of 2016, the gastronomic area in supermarkets/hypermarkets annually grows by over 30%, a sign that players who counted on the extension and diversification of this service made a winning bet. In exchange, the Romanians' preference about the form of the menu is a first in the same period of time. Thus, for the first time in the last 5 years, Romanians prefer digital menus to the detriment of the physical one, representatives of Hospitality Culture Institute add. Quantitative data were gathered through CATI methods (Computer Assisted Telephone Interviewing), in partnership with Exact Business Solutions, a company with over 12 years of experience in marketing research.
The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier, MSCI Romania, MSCI Frontier IMI and MSCI Romania IMI. Romania will thus have 30 listed companies part of the MSCI indices as of June 1, 2024. The shares of telecom group Digi Communications (DIGI)...
DP World announced on May 15 the opening of three new sites in Romania, following total investments of over EUR 130 million. The company said the projects aim to provide “a significant boost to the country’s growing status as a key hub of European trade.” Thus, Constanta, the largest container port on the Black Sea, […]
Measuring the confidence of Romanian managers and entrepreneurs in the local economy for over 4 years, the results of the 10th edition of the CONFIDEX study highlight the optimism, resilience, and adaptability of the Romanian business environment. According to the CONFIDEX study from the first semester of this year, the proportion of managers who declare […]
Alternative investment fund BT Property said on May 15 that it acquired Funshop Park Turda, Cluj county, from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda retail park has over 9,000 sqm of leasable area and BREEAM-certified buildings, according to international standards. BT Asset […]
Attractive Romania/România Atractivă was launched this week with the aim of offering local and foreign tourists a new tool to explore the country. The multimedia platform includes 12 thematic routes in 35 counties, listing 275 landmarks to discover. The program, with a value of over RON 36.3 million, is part of the National Recovery and Resilience […]
It’s a packed agenda this week, with film festivals, art and jewelry fairs, events for foodies, the start of the light and music show at Bucharest’s Unirii fountains, and an anniversary but slimmed-down edition of the Night of Museums. The public in Iași can attend the events of the Romanian Creative Week, while theater fans […]
