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The housing rental market in Romania is expected to grow in the coming years, as the overcrowding rate is ramping up and increases in housing prices and construction costs limit people’s possibility of owning a larger house, thus supporting the evolution of the rental market, per an analysis by real estate consulting firm Colliers.
Some 70% of Romanian technology startups were affected by the COVID-19 pandemic and the average revenues of this type of business reach EUR150,000 countrywide, with a seniority below four years, per the survey “Impact of COVID19 on Tech Startups in Romania” initiated by the Romanian Tech Startups Association (ROTSA), in partnership with over 130 players in the national startup ecosystem.
Bosch, a leading global supplier of technology and services, has officially announced the start of construction works on a new office building within its engineering center in Cluj-Napoca, an investment estimated at approximately EUR21 million.
Germany’s DIY retail chain Hornbach Romania has invested EUR27 million in a new store to be opened in the city of Cluj-Napoca, on July 15, 2021, which brings its total investments to EUR202.2 million since its entry on Romanian market in 2007.
Romania’s industrial production increased by 16.9% as gross series in the first five months of 2021 compared to the same period in 2020, and by 17.5% as series adjusted by number of working days and seasonality, the country’s statistics board INS said Tuesday.
Romania manufactured 236,663 vehicles in the first half of 2021, data from the country's carmakers association ACAROM showed Tuesday.
Romania's annual inflation rate grew to 3.9% in June 2021, higher by 0.3% from 3.8% in May 2021, data from the country's statistics board showed Tuesday.
Germany’s DKV Mobility and Smart Diesel have announced completion of the deal whereby the former took over the latter, one of the largest entrepreneurial fuel businesses in Romania.
Individual investors subscribed about RON905 million during the fourth sale of Fidelis government paper, for which the Finance Ministry is paying as much as 3.25% a year, ZF has found. At the third sale, in March 2021, the Finance Ministry raised some RON1.4 billion from individual investors.
Romania's finance ministry on Monday raised a planned 200 million lei (EUR51.8 million), selling a new issue of bonds maturing in April 2036 at an average yield of 4.31%, central bank data showed.
First Bank, held by US investment fund J.C. Flowers, has appointed Anca Petcu to the position of Chief Operations Officer (COO).
Cognizant Softvision, one of the largest tech employers in Romania, based in Cluj-Napoca, intends to hire another 500 programmers by yearend, besides the more than 500 people already hired in the first half of 2021.
Airline Blue Air is planning to list on the London Stock Exchange in the autumn of 2021, with a valuation of up to £500 million (EUR584 million), hoping to mimic the success of Hungarian airline Wizz Air in Europe over the past decade, according to The Times.
Romania’s mergers and acquisitions (M&A) market saw 54 deals in the first half of 2021, compared with 42 deals in the same period in 2020, being estimated at nearly EUR1.2-1.4 billion, taking into account the overall amount of deals with disclosed and undisclosed value, compared with EUR1-EUR1.2 billion in 1H/2020, while deals with disclosed value totaled EUR485 million versus EUR572 million in 1H/2020, per Deloitte data.
Romania’s startup Digital Nation is one of the 13 organizations selected for the 2021 Google.org Impact Challenge for Central and Eastern Europe (CEE), the company said Monday.
Alina Dimitriu, Partner within the Audit and Financial Services Department of EY Romania, has taken over the position of leader of the company’s Audit Department, starting July 2021, per an announcement by EY Romania, which provides consulting, assurance, tax and transaction services.
Eleni Skoura, executive director of the Retail Products & Segments division of BCR Erste, will take over the position of Head of Retail Banking and member of the Executive Committee of ING Bank Romania, starting August 23, 2021.
Romanian company Connections Consult, specialized in providing software solutions and IT services, closed on July 9 a primary sale offer in the form of a private placement of shares brokered by TradeVille.
E.ON Energie Romania and winemaker Cramele Recas are starting in July 2021 the construction of a solar power plant, which entails an investment of nearly EUR430,000 and will cover 20% of the electricity needed at the latter’s wine-making facility.
The average net salary in Romania dropped 1.9% in nominal terms in May 2021 compared with April 2021, to 3,492 lei (around EUR708), data from the country's statistics board showed Monday.19702 items