Romania Feed

The volume of Romanian construction works increased, in unadjusted data, by 8.4%, in January-February 2022 as compared to the same period of 2021, and by 5.9% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.

French-Belgian startup iBanFirst, operating an online platform allowing companies to carry out rapid transactions in over 30 foreign currencies, wants to reach a portfolio of 600 clients domestically, triple the current one.

ICD Real Estate Development, a developer controlled by Nicusor Popescu and Daniel Chitafes, bought 17,000 square meters from IMGB platform to the end of developing a housing project.

Rodbun group, established two decades ago by Daniel Muntean and Alexandru Iancu, plans to shift from primary production and agricultural input trading to processing. Thus, on the medium term it plans to invest in a peas processing unit, according to its representatives.

Total population and company debt at end-2021 reached RON425.6 billion (EUR86.5 billion), up by RON40.2 billion or 10.4% from the 2020 level. The indebtedness growth pace sped up in 2021, to the fastest since 2008.

The high activity levels seen on the local real estate investments market at the start of 2022 indicate that the total investment volumes in Romania could exceed EUR1 billion in 2022, according to representatives of real estate consulting firm Colliers.

Romania's competition authority said on Wednesday (April 20) that it was looking into the takeover of local real estate group Maurer by investment fund Revetas Capital.

Romanian carmaker Automobile Dacia’s assembly plant in Mioveni (southern Romania) has produced the 10 millionth car, an urban gray Duster SL Extreme vehicle, on Wednesday (April 20).

Austrian construction company Strabag has won a contract worth RON327.9 million (over EUR66 million), excluding VAT, to build the new passenger terminal at Iasi airport, an EU-funded project.

Law firm CMS Romania announced on Wednesday (April 20) that Cristina Popescu was promoted to Partner starting May 1, 2022.

The valuation department of real estate consulting firm Cushman & Wakefield Echinox appraised over 380 properties worth a total EUR5.5 billion in 2021.

EMI, a company specialized in integrated solutions and services for industrial access, has announced the complete takeover of Decran, a Belgian company specialized in the production and installation of industrial steel doors.

Real estate consulting firm CBRE Romania has assisted Austrian real estate developer S IMMO AG in the acquisition of EXPO Business Park, an office complex located in northern Bucharest.

The April 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Building A Strong And Sustainable Real Estate Business In Romania”. Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a PDF copy.   […]

In late 2021, Romanian wines attracted the attention of international experts, following a unique tasting event initiated by Carrefour Romania and Marinela Ardelean, in partnership with The Iconic Estate, in New York, where experts were impressed by the quality of the 6 wines from the We Open Romanian the Wine program (Deschidem Vinul Românesc). To find out […]

New car registrations in Romania surged by 39.6% on the year to 28.978 units in January-March 2022, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.

More than 2,4 billion sticks of illicit cigarettes were consumed in Romania in 2021**, despite the descending trend in the last 3 years, when the illicit trafficking rate dropped by more than 6 pp.   Since the beginning of the year, authorities have dismantled two illegal cigarette factories, with tobacco products worth 2.8 million euros […]

The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021.   The valuation department’s portfolio increased by 10% in terms of the number of properties, while the total value of the appraised assets increased by 40%, due to […]

PropTech startup Bright Spaces launched its first subsidiary abroad, in the UK. The startup, which creates advanced, end-to-end digital leasing platforms for commercial and residential real estate, already has two clients from the UK.   Bright Spaces is a venture-backed proptech company launched in Romania in 2019. It raised 2 consecutive investment rounds and is already […]

EMI, the leader in integrated solutions and services for industrial access in Romania, announces the complete takeover of Decran, a Belgian company specialized in the production and installation of industrial steel doors.   This is the second M&A transaction carried out by EMI in Belgium after acquiring the majority stake in the Access System at […]