Romania Feed

Over 24,000 housing units are currently under construction in capital Bucharest and its surroundings, of which up to 20,000 could be delivered in 2021, depending on whether real estate developers will maintain their current development rates, per estimations of the “Residential Market Genome 2021” market report by real estate consulting firm SVN Romania.

Office buildings, industrial parks and shopping centers worth EUR600 million could be subject to deals in Romania in the next six months, as the COVID-19 vaccination campaign has a positive impact on the perception of foreign investors.

Romania could see more than EUR2 billion investments in 1.4 GW of wind farms in the next five years, with the major companies in the green energy sector already seeking permits from grid company Transelectrica.

Brasov-based Visual Fan, a company that sells various gadgets such as tablets and cell phones under the Allview brand, is getting ready for a listing on the Bucharest Stock Exchange via a private placement.

Germany’s B Braun, which is conducting one of the largest investments in Romania, in an irrigation solutions plant in Sanandrei near Timisoara, has applied for a EUR12.4 million state aid for the actual construction of the plant, the final phase of the project.

The Executive Board of the Bucharest Stock Exchange (BVB.RO), which operates the Romanian capital market, has summoned its shareholders on April 20, 2021 to present, discuss and approve the financial statements, respectively to approve a proposition to remunerate shareholders.

Low-cost airline Blue Air will be introducing 20 new routes from Bucharest, 15 new routes from Cluj, two new routes from Bacau and three new routes from its base in Turin (Italy) in its 2021 summer schedule (March 28- October 30, 2021), offering a 35% discount for all flights to the new routes.

Dental clinic chain Dent Estet, controlled by private medical services operator MedLife, ended 2020 with a turnover of RON67 million, up 5% versus 2019, thus, keeping the position of leader on the local dental services market.

The total demand for office space in capital Bucharest plunged nearly 40% on the year in 2020, down to 214,000 square meters, the lowest level since 2012, and the new demand reached approximately 70,000 sqm, per data from real estate consulting firm Colliers.

Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) seeks to raise its share capital by RON5.6 million by offering free shares from its 2020 profit.

Electricity and natural gas group E.ON Energie Romania, part of German utility group E.ON, said Friday it has completed a EUR330,000 solar panel installation project for Moara Cibin Sibiu.

Ford Romania on Friday reached the 1.5 million mark on the production of the carmaker's 1.0-liter EcoBoost engine made in Craiova since 2012.

The surge in demand for toys in 2020 as the pandemic kept people indoors led to a rise in the sales of the companies in this business, and Lego even posted 13% growth globally, the company’s report shows.

The average net salary in Romania declined 6.2% in nominal terms and 7.4% in real terms in January compared with December 2020, to 3,395 lei (around EUR695), data from the country's statistics board showed Friday.

Romania's trade balance posted a deficit of EUR1.193 billion in January, lower by EUR124.6 million compared with January 2020, data from the country's statistics board showed Friday.

Hakim Boutehra, who in August 2016-February 2021 ran Renault Commercial Roumanie as general manager and then served as general manager of Renault South Eastern Europe took the position of managing director with Stellantis for Algeria, Tunisia and Libya, based in Morocco, last month.

Dental clinic chain Dr. Leahu reported total revenue of over RON59 million in 2020, up 18% on the year, and a net profit of RON3.1 million, up 7.5% on the year.

Construction works are advancing at a fast pace for IULIUS Group’s Palas Campus in Iași, the largest investment (€ 120-plus million) developed during the pandemic. Works are currently underway for the structure of the 4th of the total 6 floor in the mixed-use project combining premium office space, services and food & beverages retail with […]

Giant Amazon will have a majority presence in Palas Campus, a project worth EUR120 million of Iulius Group, which is to become one of Amazon’s most powerful centers in Europe.

One year after COVID-19 was declared a pandemic, CEOs are voicing record levels of optimism in global economic recovery, with 76% of global business leaders predicting an improvement in global GDP in 2021, according to PwC’s 24th Annual Global CEO Survey.   “After a year of uncertainties and economic difficulties during which they had to […]