Found 19694 news
Logistics and parcel delivery company DHL Express Romania ended last year with double the e-commerce revenue compared with 2019. DHL Express Romania also posted growth of 20% in revenue, driven by higher e-commerce volumes.
Modern retail chains in Romania are preparing to open 400 new stores in 2021 and spend EUR700 million to EUR800 million on expansion, on upgrades and logistics, ZF has found from the data they supplied.
Romania's finance ministry on Monday raised 801.7 million lei (EUR164.5 million), versus its RON500 million target, selling bonds maturing in September 2031 at an average yield of 3.09%, central bank data showed.
Romanian competition authorities are looking into Polish investment fund Innova Capital's acquisition of the local operations of UK's PayPoint in a EUR50 million deal.
The media market in Romania decreased by 2.7% on the year in 2020, to EUR467 million, but is seen growing 4% in 2021, to EUR485 million, backed mostly by media investments in digital and TV, according to the latest Media Fact Book report by media agency Initiative.
Romanian business software solutions provider Softelligence expects its revenue to grow by up to 30% in 2021 and to extend its team by at least 60 new employees to be recruited throughout the year.
Romanian seamless steel pipes manufacturer Tenaris Silcotub has completed the certification process for its new production line intended for the automotive industry.
Romania has lowered its economic growth projection for 2021 to 4.3%, from a previous forecast of 4.5%, according to a forecast of the National Strategy and Prognosis Commission.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, plunged to 1.59% a year on Monday (Jan 18), after the country's central bank lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Jan 18, 2021.
Real estate consulting firm Cushman & Wakefield Echinox was appointed to provide property management services for the Floreasca Park office space project located in the Floreasca – Barbu Vacarescu area in northern Bucharest, the biggest business hub in capital Bucharest.
Turkish-owned real estate developer Opus Land will invest EUR29 million in the Cosmopolis project in 2021, approximately one third more than the investment carried out in 2020, according to SVN Romania, real estate consultant and the project agent.
The new year started with big orders of farm inputs, the budget scenario is optimistic, and growth should reach 20% in 2021, say the officials of integrated agricultural group Rodbun, whose operations include farm input wholesale and grain trade.
Retailer Pepco, the leader of the fashion retail market in Romania by sales, ended 2020 with a sales growth of 4%, mostly because of expansion.
OMV Petrom, the largest energy company in Southeastern Europe, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The first drilling operations started at the end of December 2020 and the drilling of the second well will start at the beginning of 2021. The investment for this campaign amount to nearly EUR32 million.
Danone, Albalact, FrieslandCampina, Covalact and Fabrica de Lapte Brasov (Olympus) are the top five actors on the yogurt and sour milk product market in Romania, which Euromonitor puts at more than 1 billion lei.
Romania’s central bank on Friday (Jan 15) surprisingly lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Monday (January 18, 2021).
Romanian property restitution fund Fondul Proprietatea (FP.RO) ended 2020 with a loss of RON103 million and total assets of RON10.3 billion, down 8.6% compared with the end of 2019, per calculations by Ziarul Financiar (ZF) based on data from the NAV (Net Asset Value) monthly report published on the stock market.
The European Commission said in a press statement on Friday that it approved an investment of over EUR222 million from the Cohesion Fund to upgrade and install drinking water and wastewater infrastructures in the Ilfov County in Romania.
Real estate developer Impact Developer & Contractor will invest EUR690,000 to build a kindergarten in the Boreal Plus residential project it is developing in northern Constanta.
Sales of used cars stood at 880,000 units in Romania last year, 380,000 of which imported as such and 500,000 sold and bought on the local market.19694 items