People living in cities will allocate an average budget of 310 lei for gifts to be offered for St Nicholas day, while 90% of respondents announced they would purchase different products, according to a study made by Mednet Marketing Research Center. 93.2% of respondents from towns with less than 100,000 inhabitants announced they would purchase gifts, while in big towns only 87.7% will do it. Last year less than 80% of people from big cities expressed their intention to buy gifts for St Nicholas day. The gifts will be diversified but sweets will dominate, over 80% of townspeople saying they intended to buy them for their loved ones. Toys are in the top of preferences, next to clothes/footwear, cosmetics/ perfumes and fruit. Over 12% of townspeople intend to offer smart phones or tablets. The study was made on a representative sample of 800 persons at urban level (small towns under 30,000 inhabitants, medium size towns 30,000-100,000 inhabitants, large towns over 100,000 inhabitants) over November 26-December 2, 2015. The margin of error is +/- 3.46%.
Romanian tennis player Jaqueline Cristian, ranked 82nd in the world, advanced to the third round of the Australian Open on Thursday, January 16, after defeating Italy's Lucia Bronzetti in two sets 7-5, 7-5. The match lasted two hours and four minutes, according to News.ro. This marks the...
The corporate branch in Romania of PKO Bank Polski, the leader of the Polish banking system, will begin its operational activity on the local market in 2025, according to Ziarul Financiar. The Romanian daily announced in October 2023 that PKO Bank, the largest bank in Poland, with assets equivalent to 70%...
The Romanian Ministry of Energy announced that it notified the Foreign Direct Investment Review Commission (CEISD) regarding the transaction through which Hungary's state-owned energy group MVM intends to acquire the gas and electricity supply division of E.ON Energie Romania,...
At the monetary policy meeting of January 15, Romania’s central bank (BNR) maintained the monetary policy interest rate at 6.5%, which was in line with expectations. Amid persistent inflation risks and with no budget plan drafted by the government, the monetary authority thus prioritized a cautious stance over the need to encourage economic growth. “We […]
Ford Transit & Tourneo Courier, Ford Puma, and the new Dacia Duster led Romanian car production to a record volume of over 560,000 cars, according to calculations by Ziarul Financiar based on information from the car market and Ford Otosan's stock exchange report. The volume thus brings a 10% increase...
Romania's industrial output in the 12 months to November 2024 contracted by 2% y/y, according to data published by the statistics office INS. The contraction was slightly softer (-1.6% y/y) in the core manufacturing sector, with the segment of utilities (-4.4% y/y) dragging down the overall performance. Most likely, the industrial output in Romania ended […]
