Romania Feed

Romania' s government has decided to gradually close down coal-fired power plants and coal mines until 2032 in a move to decarbonize the country's energy sector, according to the energy ministry.

The stock of modern retail spaces will reach approximately 4.2 mln. sqm in 2022, including 140,000 sqm that will be delivered by the end of the year, according to the Romania Retail Destinations 2022 research special report, launched by CBRE Romania, the leader of the real estate consultancy market. It could sound impressive still it […]

Analysis from leading global management consulting firm Kearney has found that has 21% of Europeans in 2022 never visit a bank branch and carry out their banking remotely – a figure that almost doubled in the pandemic, rising from 12% in 2019.     Now in its 13th year Kearney’s European Retail Banking Radar is […]

IPO (Initial Public Offering) momentum continued to slow from the first quarter into the second quarter, resulting in a considerable decline in both deal numbers and proceeds, according to the EY Global IPO Trends Q2 2022. .

IMMOFINANZ, one of the largest players on the local real estate market, announces the signing of a 25-year lease for 6,500 square meters in myhive Victoria Park to Leventer Medical Group, one of the most important  private skin health operators in Romania.   The leased area will host  Leventer Hospital, the country’s first private dermatology […]

IMMOFINANZ, one of the largest players on the local real estate market, on Monday announced the signing of a 25-year lease for 6,500 square meters in myhive Victoria Park office project to Leventer Medical Group, one of the most important private skin health operators in Romania.

Romania’s central bank reported a profit of RON2.01 billion in 2021, down 1% from 2020, of which RON1.6 billion will go to the state budget, representing 80% of the bank’s net revenues, respectively an increase of the bank’s statutory reserves by RON243 million.

Affidea, the biggest player on Romania’s medical imaging market, acquired two Phoenix medical centers in Deva and Alba Iulia, thus reaching a 38-unit nationwide network.

2Performant, the main player on Romania’s affiliate marketing market, listed on the AeRO market of the Bucharest Stock Exchange (2P.RO), in the second quarter of 2022 posted 12,281 single users in its own platform, up 61% from the year-earlier period.

Romania’s beer market suffered a 10% decline in the first four months of 2022 from the year-earlier period after, at the level of Europe, sales in bars and restaurants dropped by 35% in 2021, shows an analysis drawn up by Romanian Brewers Association.

Albrau Prod, one of the largest independent brewers in Romania, including brands such as Albrau or Zimbru in its portfolio, has a RON6 million investment budget for this year.

Catalin Mahu, owner of La Mama Restaurant chain, plans to open several small restaurants, specialized in deliveries this year.

Five-star hotel Vega of Mamaia seaside resort, controlled by businessman Gabriel Comanescu, ended last year with turnover worth RON17.4 million (EUR3.6 million), up 9.4% year-on-year.

Scandia Food, leader of the canned food market, in 2022 targets RON439 million turnover, up 14% year-on-year.

Verdino Green Foods, a start-up which makes pea protein-based foods, has taken over two plant-based brands from Prefera Foods. These are Unfished and Green Course, the former active in the fish alternatives segment, the latter a brand of ready meals, sauces, vegan mayonnaise and plant-based meat substitutes.

Romania's foreign exchange reserves increased to EUR42.03 in June from EUR40.9 billion in May, central bank data showed Friday.

After 16 seasons, Liga 1, the Romanian top football league, changes its name. Today, at the draw for the 2022-2023 season, it was announced that the name of the first tier of Romanian football will be changed to Superliga following a partnership signed by LPF with Superbet, which will become the official sponsor of the […]

The architectural complex designed by UNStudio for the international competition organized in Iași by IULIUS company was selected by a specialist jury as the winning solution for an upcoming development set to become a contemporary landmark in the downtown area of the city.   Described by the members of the jury as “the most complete […]

AROBS Transilvania Software, the largest technology company listed on the Bucharest Stock Exchange, posts consolidated revenues of RON 193.8 million for 2021, an increase of 10% compared to 2020, a turnover of RON 190.1 million, an appreciation of 10% compared to the previous year, EBITDA of RON 54.5 million, an increase of 3% compared to […]

Avison Young Romania marks the transition to a new way of planning and leasing office spaces, by adopting the latest Bright Spaces product. The proptech startup proposes an innovative way of presenting and showcasing office spaces by transforming standard 2D test-fits into interactive 3D models.   Custom 3D Office Space Planning helps speed up the […]