Analysis
Sales of Hand Sanitizer Surge 900% in 2020
Sales of hand sanitizer went up 900% in 2020 compared with the previous year. Romanian consumers spent some EUR7.5 million on such products last year, compared with only EUR750,000 in 2019,...
BestJobs: Job Applications Up24% in 1Q/2021
Companies had 24% more job applications for open positions in the first quarter compared with the same period in 2020, or 1.9 million applications, of which 700,000 in March alone, data from...
Mall and Retail Park Developers Eye Counties Lacking Modern Retail Projects
Retail developers have set out to conquer the last “strongholds”, counties that lacked modern retail project, and last year delivered the first modern retail projects in four new counties –...
New Vehicle Registrations in Romania Grow 19.3% in March
New vehicle registrations in Romania grew 19.3% in March compared with March 2020, to 9,636 units, after an annual decline of 18.8% in February and 46.6% in January, data from the the Automo...
EY Romania: Renewables Can Accelerate Decarbonization of Romanian Energy Sector
The potential of renewable energy on the local market can become the engine of the decarbonization of the Romanian energy sector as long as public initiatives synchronize with business inten...
Romania Loses Top Spot by Corn Production in EU in 2020
With a harvest of 10.8 milion tons of corn in 2020, Romania lost the top spot among producers in the EU, after having held it in 2018 and 2019 with 17 million to 18 million ton production, N...
Romania's Top 20 Pharmaceutical Companies in 2020 Included Just 8 Local Players
The top 20 pharmaceutical companies by volume include just eight local producers which together produced 36.7% of the medicines that reached Romanian patients in 2020.
Top Three Lenders Account for 58% of Entire Banking System Profit in 2020
Most major lenders in Romania posted lower profits in 2020 compared with 2019 due to the effects of the coronavirus crisis, which required them to set aside higher provisions.
Coal No Longer Top Three Energy Source in Romania in 2020
Coal was used to generate 16.5% of Romania’s energy last year, which is unprecedented since the major thermoelectric plants in Oltenia used to account for more than 20% of the country’s ener...