The competition in the online food trade, a market of EUR 200-250 mln in Romania, is rising - according to Ziarul Financiar daily summing up the latest developments. eMAG, Rohlik, a player from the Czech Republic, and Grovy, an ultra-fast delivery platform, are the latest players. The first to develop the market were the hypermarkets and supermarkets chains, which wanted to capture the growing demand. Online commerce came to Romania last year to hold a market share of about 1% of total sales of food and other consumer goods after consumers migrated to this distribution channel forced by mobility restrictions or simply by caution. In a market of about EUR 20 bln, the online sales can be estimated at about EUR 200 mln in 2020, 3-4 times higher than in the last year before the pandemic, according to ZF calculations based on market information. The upward trend continued in 2021.
Romania’s modern retail market has surpassed 5 million square metres of leasable space for the first time, following the delivery of roughly 190,000 sqm in 2025, according to new data released by Colliers. Despite the milestone, consultants noted that Romania still trails regional peers in retail space per capita, signalling strong potential for further development. […]
Environment minister Diana Buzoianu said during an interview on Thursday, December 4, that she will not resign following the interruption of the drinking water supply in several localities in Prahova and Dâmboviţa counties, which has been affecting over 100,000 people, as well as hospitals and schools. She argued that the ministry she heads bears no […]
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
