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Around one third of real estate specialists expect prices of houses and lands to grow by up to 10% in 2021, while prices for retail and office spaces are expected to decline, according to an analysis by RE/MAX Romania and Veridio.
Organic fertilizer producer Norofert (NRF.RO) on Wednesday said it published the Prospectus prepared for the capital increase operation approved by its shareholders on November 24, 2020 and by the Romanian Financial Supervisory Authority (ASF) on February 11, 2021.
The structure of office building tenants has changed over the last months, with the e-commerce sector increasing as share and the IT&C sector stepping back after seeing record leases in 2019, per a recent analysis by Esop.
Courier services company GLS Romania reported a 20% annual increase in turnover in 2020, due to the e-commerce being on an upward trend in 2020.
Help Net, the third leading pharmaceutical retailer by number of pharmacies in Romania, posted EUR209 million (some RON1 billion) sales in 2020, the company said in a release.
Pharmaceutical distributor Farmaceutica Remedia Deva (RMAH.RO) said Wednesday it ended 2020 with a turnover of RON442 million, down 1% on the year, and a net profit of RON38 million, 15-fold higher than RON2.4 million in 2019, per stock market data.
Bacau-based PVC trim, window rolling shades and garage door manufacturer Electric Plus set out to boost exports in 2021.
Romania ranks 14th in the European Union regarding new car registrations in January 2021, with 6,004 units, 51.9% fewer than in January 2020, data from the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.
Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past five years.
Shares of Romanian construction materials producer TeraPlast (TRP.RO) grew 6.25% on the day on the Bucharest Stock Exchange Tuesday, to RON0.578 per share, and the company's capitalization thus exceeded the RON1 billion mark.
Grampet Group, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, owned by Gruia Stoica, has bought the land hosting its Debreceni Vagongyár factory in Hungary and will invest EUR14 million in the next five years to modernize the factory.
Romania should make a priority out of attracting higher volumes of foreign direct investment, by raising its absorption capacity and developing medium and long-term strategies considering the economic reality, the Foreign Investors Council (FIC) said Tuesday.
Romanians opted for job security in 2020 and staff turnover in Romanian companies decreased to an average rate of 17.2%, from 23.1% in 2019, amid the economic uncertainties brought by the Covid-19 pandemic, PwC Romania’s HR Barometer report showed Tuesday.
Czech logistics developer and owner P3 transacted over 220,000 square meters of storage and office spaces in Romania in 2020, better than it initially expected.
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growth in the fourth quarter of 2020.
One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the Black Sea Trade and Development Bank (BSTDB), which will be used to finalize the investment and refinance the previous construction costs of the One Tower office building.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Tuesday informed its shareholders and investors that it had placed with lender CEC BANK a deposit in the amount of RON80 million, maturing on February 15, 2022 and with an interest rate of 1.70% per year.
Transport and logistics operator Maracana has rented 5,000 square meters of logistic space within the MLP Bucharest West logistics park developed in western Bucharest by Polish MLP Group.
Romanians spent nearly EUR2.6 billion on vacations abroad in 2020, which is half the amount spent in 2019, according to central bank data.
Biofarm Bucuresti (BIO.RO), one of the leading drugmakers in Romania, ended 2020 with a net profit of RON54.5 million, up 7.2% versus 2019, while income from sales grew 8% to RON218 million, the company said Tuesday in its annual financial report.19702 items