Analysis
ING Reports 144% Growth in Savings Accounts in Q2/2020
The number of savings accounts opened by ING Romania customers through the Home’Bank platform grew at an annual rate of 144% in the second quarter of 2020, also driven by the bank's launch o...
BestJobs: Nine In Ten Romanians Want Romanian Firms To Get More Support
Most Romanians (87%) believe Romanian-held companies should get more support during this period to be able to overcome the economic consequences of the coronavirus pandemic and keep jobs.
C&W Echinox: Modern Retail Stock to Top 4 Million Sqm Mark in 2020
Modern retail stock in Romania, consisting of shopping centers, retail parks and commercial galleries with a lettable area of at least 5,000 square meters, has reached 3.96 million sqm and w...
Perfume Sales Seen Down 14% in 2020 after Years of Growth
Sales of perfumes in Romania are expected to decline 14% this year as the Covid-19 pandemic prompts consumers to curb non-essential spending. The decline comes after years of constant growth...
ING Survey: Half of Romanians Took Debt Out of Need in Recent Months
In the face of the uncertainty imposed by coronavirus, awareness of discretionary debt has slightly increased, yet on average, a third do not recognize delayed payment options as debt, accor...
Modern Retail Chains Keep Employee Numbers Low Despite Expansion
Modern retail, an industry with over 3,000 supermarkets, hypermarkets, cash&carry, discount and proximity stores, had an average number of 79,000 employees in 2019, just 400 more compared wi...
JLL: Appetite for Housing Stays High, Comfort and Space Prized above Location
Romanians' appetite for residential acquisitions remains high as over 80% of people looking to buy a home before the coronavirus outbreak still intend to purchase a home, and one in three po...
Analysts See Leu at 4.96/Euro in 12 Months, GDP Contraction at 4.4%
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.96 to the euro in the next 12 months, while inflation is expected to average 2.33% and the country's econ...
Romania Ranks 16th in EU by 1H New Car Registrations after 30% Decline
Romania ranks 16th in the European Union by new car registrations, with 49,616 units registered in the first half of the year, down 30.7% compared with the first half of 2019, the associatio...