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Pandemic Caused 30% Decline in Food and Drink Service Sector Revenue in 2020
The restaurant, cafe and bar market reached RON13.2 billion at the end of 2020, 30% lower than in 2019. These are the first official data about the impact of the pandemic on the bar and rest...
Tire Maker Michelin Revenue Shrinks 9% in Romania in 2020
Michelin Romania, part of France’s Michelin group, one of the largest tire markers in the world, posted RON3.18 billion (EUR660.3 million) revenue in 2020, a decline of more than 9% from the...
Top Ten Companies in Romania with Highest Decline in Headcount Lost Almost 9,500 Employees
The top ten companies in Romania with the highest decline in headcount lost almost 9,500 employees in 2020.
Fashion Group Inditex Sales Shrink in 2020
Spanish-held Inditex group, the owner of Zara and other fashion brands, saw its sales shrink by 27% to RON1.3 billion last year. The group lost the top position on the fashion retail market...
Some See Growth, Some See Decline on Romania Non-Alcoholic Ready to Drink Beverage Market in 2020
Coca-Cola HBC Romania, the leader of the non-alcoholic ready-to-drink beverage market in Romania, and Quadrant-Amroq Beverages, the Pepsi bottler, which ranks second among NARTD beverage pro...
Nemo Express Group Revenue Shrinks 16% in 2020
Nemo Express Logistic and Nemo Prod Com Impex, the companies of the parcel delivery group Nemo Express, posted RON118.6 million revenue together last year, 16% lower compared with 2019, when...
Italy’s Benetton’s Plant in Romania Almost Completely Shut Down
Olimpias Mfg. Romania (formerly Benrom) of Italy’s fashion group Benetton has only six employees left and RON1.5 million revenue.
Three-Month Money Market Rate Drops To 1.52% After Just Two Days Of Stagnation At 1.53% Threshold
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 1.52% a year on Thursday (June 3), after just two...
Blue Air Lost 65% of Revenue in 2020
Airline Blue Air posted 65% decline in revenue to merely RON757 million last year, compared with RON2.1 million in 2019, the company said.