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evoMAG Expects 20% Turnover Growth Up To EUR25M In 2019
Companies

evoMAG Expects 20% Turnover Growth Up To EUR25M In 2019

Online store evoMAG, founded by Mihai Patrascu in 2005, expects a nearly 20% increase in turnover in 2019, to EUR25 million, by developing the categories of existing products, creating new o...

Ecaterina Craciun · 19.02.2019 · 12:39 · 1 min
Romania Banking System Assets Hit New Record High Of RON451B In 2018
Banks-Insurance

Romania Banking System Assets Hit New Record High Of RON451B In 2018

Romania’s banking system reached assets of RON451.1 billion (EUR97 billion) in 2018, a new record high, due to lending growth, central bank data show.

Ecaterina Craciun · 19.02.2019 · 10:26 · 1 min
Polirom Publishing House Sees Revenue Up 15% to RON28M in 2018
Companies

Polirom Publishing House Sees Revenue Up 15% to RON28M in 2018

Iasi-based Polirom publishing house, one of the largest in Romania, established in 1995 and run by Silviu Lupescu, ended last year with 28 million lei (EUR6 million), an increase of 15% over...

Loredana Frățilă-Cristescu · 18.02.2019 · 06:00 · 1 min
La Casa Restaurant and Bakery Chain Grows to 46 Stores in Transylvania
Companies

La Casa Restaurant and Bakery Chain Grows to 46 Stores in Transylvania

Restaurant and bakery chain La Casa was launched in 2014 and has since grown to 46 stores all of which in Transylvania, in 13 cities in eight counties.

Loredana Frățilă-Cristescu · 18.02.2019 · 00:00 · 1 min
Wizz Air Plans To Carry 9.5 Million Passengers From Romania In 2019
Companies

Wizz Air Plans To Carry 9.5 Million Passengers From Romania In 2019

Wizz Air, the leader of the local airline market, carried 8.3 million passengers last year, 22% more than in 2017, and is aiming for double-digit growth again this year, according to its off...

Loredana Frățilă-Cristescu · 08.02.2019 · 09:01 · 1 min
Cheese Producer Hochland’s Revenue Up 18% in 2018
Companies

Cheese Producer Hochland’s Revenue Up 18% in 2018

Hochland Romania, the largest actor on the local cheese market ended 2018 with almost 400 million lei (some EUR87 million) revenue, up 18% on the previous year, the company said.

Loredana Frățilă-Cristescu · 04.02.2019 · 07:00 · 1 min
Hakim Boutehra, Renault: Romania’s Auto Market to Grow to Over 200,000 Vehicles In 2019
Automotive

Hakim Boutehra, Renault: Romania’s Auto Market to Grow to Over 200,000 Vehicles In 2019

The growth potential of Romania’s auto market remains high given the low vehicle ownership rate and the economic growth, so even though 2019 is an election year and the leu has lost a bit of...

Loredana Frățilă-Cristescu · 01.02.2019 · 11:04 · 1 min
Metro Cash & Carry Revenue Up 10% in 2018
Retail&Consumer

Metro Cash & Carry Revenue Up 10% in 2018

German-held Metro Cash & Carry, which entered Romania more than two decades ago, saw its revenue up 10% to EUR1.08 billion in 2018. This is the highest increase in the past 12 years.

Loredana Frățilă-Cristescu · 30.01.2019 · 11:14 · 1 min
Construction Materials Distributor Temad Seeks 7% Growth In 2019
Companies

Construction Materials Distributor Temad Seeks 7% Growth In 2019

Brasov-based construction supplies manufacturer and distributor Temad held by businessman Florin Madar aims to boost revenue by 7% in 2019 and develop its paint distribution division.

Loredana Frățilă-Cristescu · 30.01.2019 · 10:32 · 1 min