The German group Schwarz, present in Romania by means of Lidl and Kaufland companies, continues to lead. According to the latest result report, the food retail market is leading at local level by means f discounter and hipermarket stores, according to a Profit.ro analysis. With businesses of 24 billion lei for 2024, on the rise by 10% against the previous year, the German discounter Lidl remains a leader of the local retail market for the 4th year in a row. In the 15 years of existence in Romania, Lidl expanded to 365 stores until the end of 2024. The company continued with the extension process in 2025, planning to inaugurate 25 stores. After an increase by 6% of the business figure in 2024, to 19.6 billion lei, Kaufland Romania – part of Schwarz group- is consilidating its challenger position in the food retail market. Although it is still at a considerable distance to the market leader, Kaufland ranks second in the top of the biggest players of the local food retail, being the only competitor able to get closer to Lidl performances. Kaufland opened the first store in the local market in 2005, in Bucharest. Since then it has continued to grow , with an average of 10-15 stores per year. A t the end of 2024, Kaufland operated 187 hypermarkets in Romania and had in plan to continue expansion. Today, Kaufland has 181 stores at national level, being the largest network of hypermarkets in the country. Now, the net proft of Kaufland exceeds 1 billion lei, after having a 33% advance in 2024, compared to about 865 million lei in 2023. Kaufland's net profit recovered after three years of drops. Kaufland is one of the largest retail companies in Europe, with over 1,550 stores in 8 countries, over 155,000 employees and a network of 191 stores in Romania. Differences between the two formats – discounter in the case of Lidl and hypermarket in that of Kaufland – create distinct growth dynamics, but also consolidates the position of Schwarz group as retail food leader. By entering the market and the expansion model redefined the modern retail in Romania by two players of the same German group, Schwarz, but with different approaches: Lidl is the promoter of the discount model, while Kaufland is the adept of the hypermarket model, according to Termene.ro.
Pluxee, a global player in employee benefits and engagement, announced the signing of an agreement to acquire MyBenefits, a fast-growing Romanian company that has developed innovative technology to provide a flexible offering of employee benefits. The transaction builds on a partnership between the two companies. The deal is subject to approval by the Romanian regulatory […]
OMV Petrom, the largest integrated energy company in Southeastern Europe, announced Thursday, July 3, the discovery of a new natural gas reservoir in Spineni, a locality situated about 70 kilometers northeast of Craiova, southwestern Romania. The find was confirmed following the drilling of the 1 Spineni exploration well to a depth of approximately...
Romanian president Nicușor Dan, along with prime minister Ilie Bolojan and other officials, participated at a reception on Wednesday, July 2, to mark the US Independence Day. During the reception, they underlined the importance of the relationship between Romania and the US. The Romanian president noted that the United States is Romania's most important ally […]
Romanians spent roughly EUR 40 billion in large retail chains last year, representing an increase of 7.1% year-over-year. The 2024 growth rate marked a slowdown compared to 2023 (+11.1% vs. 2022) but remained above inflation, according to the Romania Retail Snapshot 2025 produced by real estate consultancy company Cushman & Wakefield Echinox. Major food stores […]
The Romanian government will implement tax hikes and spending reforms starting August 1 in an attempt to curb the growing budget deficit and avoid a looming financial crisis, prime minister Ilie Bolojan announced. The measures include increases in VAT and excise duties, a new health contribution on pensions, and a doubling of the tax on […]
Bucharest gears up for the first edition of Neversea Kapital, chamber music festival SoNoRo Musikland tours cities and villages in Transylvania, and outdoor enthusiasts can reconnect...
