Romania Feed
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ZF English - 10:32 Jun 04, 2021
Transport Trade Services (TTS), the biggest freight transporter on the Danube, has raised RON324 million in the first stage of its initial public offering, which targeted retail investors and closed Friday at noon. -
ZF English - 08:52 Jun 04, 2021
Farmexim-Help Net group, part of German Phoenix Group since 2018, ended 2020 with a turnover of EUR734.2 million, 12% higher compared with 2019. -
ZF English - 07:51 Jun 04, 2021
A blend between a 5 to go coffee shop and a Donuterie doughnut shop has opened in the center of Paris, France. The new place uses both brands and is operated by a local partner of the two Romanian entrepreneurial businesses. -
ZF English - 07:38 Jun 04, 2021
Recommerce Group, a major European player in the refurbished smartphones market, with operations in 24 countries, is acquiring fenix.eco, a Romanian startup founded 14 months ago. -
ZF English - 07:25 Jun 04, 2021
Euroins Romania, the second largest auto liability (RCA) insurance provider in the country, is refreshing its insurance products, starting with roadside assistance, comprehensive auto insurance and health policies, to lower exposure to the auto liability insurance sector, the company said. -
ZF English - 07:22 Jun 04, 2021
Retail sales in Romania, excluding vehicle sales, grew 5% on the month in April and by 1.2% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Friday. -
ZF English - 06:29 Jun 04, 2021
Construction material manufacturer Procema plans to refresh its vehicle fleet and increase production capacity by yearend. -
ZF English - 16:29 Jun 03, 2021
The three largest ongoing investment projects carried out on the local market by Hidroconstructia, one of the largest builders in Romania, are worth a total EUR90 million. -
ZF English - 15:34 Jun 03, 2021
Pro TV SRL, the company operating TV channels Pro TV, Pro 2, Pro X, Pro Gold and Pro Cinema, had a turnover of RON813.9 million in 2020, up nearly 2.5% on the year. -
ZF English - 15:02 Jun 03, 2021
Romania's finance ministry on Thursday raised 571.8 million lei (EUR115.9 million), versus its RON600 million target, selling bonds maturing in November 2024 at an average yield of 2.43%, central bank data showed. -
ZF English - 14:20 Jun 03, 2021
Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in south-eastern city of Constanta, reaching a 100-unit network in Romania after 14 years of activity locally. -
ZF English - 14:03 Jun 03, 2021
ALTEN Romania, the local division of French group Alten, which specializes in engineering and IT consulting services, ended 2020 with a turnover of RON126.5 million (over EUR26 million), up 5% on the year, and a net profit of RON17,8 million (approximately EUR3.7 million). -
ZF English - 13:41 Jun 03, 2021
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 1.52% a year on Thursday (June 3), after just two days of stagnation at 1.53% threshold. -
ZF English - 13:26 Jun 03, 2021
The first stage of the Athenee Palace Hilton hotel renovation, whereby the new 132-room hotel wing was refurbished, has been completed and works on the second stage are to start in October 2021. Investments may exceed the initial budget of EUR25 million depending on the evolution of works on the second renovation stage. -
ZF English - 11:50 Jun 03, 2021
The Foreign Investors Council (FIC), which includes over 120 multinational companies, thinks Romania currently has both the potential and the chance to implement key reforms for a strong and long-lasting economic recovery. -
ZF English - 10:51 Jun 03, 2021
Romanian developer Iulius Group estimates it will invest around EUR35 million in infrastructure and urban mobility works that will serve its Palas Campus project in Iasi, northeastern Romania. -
ZF English - 09:14 Jun 03, 2021
Spanish-owned Pons Ro Prodcom, which produces floor detergents, will invest EUR5 million in a new headquarters, which includes production and storage facilities, in Branesti, Ilfov county. -
ZF English - 09:00 Jun 03, 2021
Austrian-held construction group Strabag posted a turnover of RON870 million in Romania in 2020, 12% higher compared with 2019, finance ministry data showed. -
ZF English - 08:50 Jun 03, 2021
Demand for consultancy services related to project monitoring activities and conducting technical due diligence and commissioning reports has increased as financing banks, investors and real estate owners pay more attention to reports on construction and the impact of buildings. -
ZF English - 08:22 Jun 03, 2021
Investments on the Romanian property market dropped 50% on the year in the first quarter of 2021, to EUR73.5 million, with varying demand across market sectors.