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The property investment volume in Romania in 2020 is estimated at EUR900 million, 30% higher compared with 2019, real estate consultancy company JLL said in a report Thursday.
Deliveries contributed more than 20% to the revenue of restaurants, coffee and cake shops, so Romanian consumers spent about EUR500 million in 2020 to get the food, coffee and cakes they would previously eat when going out delivered to their homes.
Romania's general consolidated budget posted a deficit of RON101.92 billion in 2020, or 9.79% of the gross domestic product, finance ministry data showed.
The loan volume was lower than the savings consumers and companies kept in banks in 2020, as the loan growth rate slowed down, and the speed of deposits is more than double the increase in loans.
Romania's gross domestic product grew 4.1% in real terms in 2019 compared with 2018, semi-final data from the country's statistics board confirmed Thursday.
Vodafone Romania has been certified as Top Employer by the Top Employers Institute, a global authority on recognizing excellence in Human Resources practices.
Romanian software solutions provider Atta Systems (formerly known as AB4 Systems) on Wednesday said it would open an office in Singapore, whereby it seeks to encourage digital transformation in the region by providing services of software development and software products strategy, thus consolidating its activity in Asia.
Boutique Mall, an online retailer of footwear and casual and luxury apparel in Romania, is relocating its logistics operations to the CTPark Bucharest North logistics park, within a Class A warehouse of 3,700 square meters, recently built by CTP, the leading developer and manager of premium industrial and logistics parks in Romania and Central and Eastern Europe.
The COVID-19 pandemic caused a lot of distress on the market, with transactions postponed and uncertainty rising, but there is increased optimism among stakeholders who expect further growth in M&A activity in Romania in 2021, a KPMG survey showed Wednesday.
Superbet, the biggest sporting bets operator in Romania and a major regional player, will relocate its teams under the same roof in the One Cotroceni Park building, where it has leased 8,206 square meters of office space.
Broker TradeVille on Tuesday closed early a private placement for bonds issued by iHunt Technology as the bonds were oversubscribed by 23%, the issuer said in a market report Wednesday.
Logistics developer Element Industrial, owned by Ionut Dumitrescu and Muler Onofrei, is starting construction on a new logistics park - Eli Park 3 – of 72,000 square meters, in the Chitila-Buftea area near Bucharest, in an investment estimated at EUR37 million.
Private lending in Romania grew 0.5% in nominal terms and 0.1% in real terms in December compared with November, to RON282.37 billion, central bank data showed Wednesday.
Paper packaging manufacturer Segezha Packaging is investing more than EUR10 million in developing production in Romania.
Abatorul Peris likely ended 2020 with EUR70 million revenue, after having significantly expanded its sales channels, Bogdan Grama, general manager of the company that Agricover group of businessman Jabar Kanani bought from bankrupt Romsuintest Peris in 2015.
Romania’s online fashion market is expected to grow by 20% in 2021, up to RON5.1 billion, and to exceed RON6 billion until 2023, per a market research by GLAMI.ro platform, held by Czech company InspiGroup.
Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first two months of 2021, followed by a correction at the end of the first quarter, pointing out, however, that the liberalization of the electricity market is a process with significant uncertainty and potential implications mostly on the dynamics of the annual inflation rate.
Spanish real estate developer Gran Via wants to also continue in 2021 the extension of the Aviatiei Apartments project in capital Bucharest and the Gran Via Marina project in the city of Constanta, and is also considering building a new project in Bucharest.
Adama Agricultural Solutions, a leading global manufacturer and distributor worldwide of crop-protection solutions, has appointed Gabriela Vila at the helm of operations in Romania and Republic of Moldova.
Most analysts polled by CFA Romania estimate the inflation rate will grow to an average rate of 2.64% in the next 12 months and see the leu depreciating to an average of 4.98 units to the euro.19694 items