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Romanians Spend More Than RON2B on Fast Food a Year
The restaurant market went down to less than RON10 billion in 2020 compared with RON14 billion in 2019. The fast-food segment accounted for some 20% to 25%.
Antibiotice Iasi Expects 7.5% Growth in Revenue to RON366M in 2021
Antibiotice Iasi (ATB.RO), the largest Romanian-held pharmaceutical producer, has budgeted RON366.5 million revenue for 2021, an increase of 7.5% on 2020, as shown in its spending and revenu...
Benvenuti Expects Consumer Spending to Return to Pre-Pandemic Levels in 2022-2023
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, believes the fashion market will follow the same trend in 2021 as it did in the second half of last year, with lower sales...
Romanian Consumers Spend RON650M on Organic Food a Year
Romanian consumers spend about 650 million lei on organic food (or 1.2% of the entire spending on food in the country), ZF has calculated from the data supplied by market research company Re...
Romanians Spent 70% Less on Vacations Abroad in 2Q/2020
Romanians spent just EUR328 million on vacations abroad in April-June this year, 70% less compared with EUR1.2 billion, under the impact of the coronavirus pandemic on the travel industry.
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...
ING: Four in 10 Romanians Spent Less, Three in 10 Saved More in Lockdown
Approximately 46% of Romanians said they spent less during the coronavirus lockdown, above the EU average of 44%, and 31% said they saved more, similar to the EU average of 30%, according to...
COVID Crisis Cost Romania RON3.1B So Far, Finance Minister Says
The coronavirus crisis has cost Romania RON3.1 billion so far, including spending on medical equipment and social spending such as furlough payments, finance minister Florin Citu said on TV...
Revolut: Online Transactions in Romania Grew by Up to 1,263% During Lockdown
Romanians spent EUR1.2 million shopping for clothes and accessories online during two months of lockdown and some stores saw growth of up to 1,263%, according to data from financial platform...