Romania Feed

This year marks 30 years of PwC Romania activity on the local market. As the first large professional services company to register in Romania after 1989.   “PwC laid the foundations of the consulting services market 30 years ago, so we’ve been with the Romanian business environment from the very beginning. Over those three decades […]

CBRE, leader of the real estate market, expanded its management team by recruiting Muler Onofrei, for the position of Business Development Director. Muler will focus on the industrial sector, where he has gained extensive experience, previously working for international investors such as ProLogis and Panattoni and laying the foundations of local developer Element Industrial.   […]

To celebrate 20 years since the start of operations on the Romanian agricultural market, Agricover Group, one of the leading players in the local agribusiness sector, has carried out the first bond issue worth EUR40 million, which will be listed on the regulated market of the Bucharest Stock Exchange, in the upcoming period.

The Property Management Division of Colliers International manages a portfolio of over half a million square meters of office and industrial spaces in the Capital and in the country after 10 years since it was founded. During the same period, the team provided consulting services related to property management activities for another 700,000 square meters. […]

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Monday announced it reconnected the first unit of the power plant in Cernavoda to the national power grid.

Romania is present in 2021 edition of the global ranking of 500 most valuable banking brands, compiled by Brand Finance, with two financial institutions, namely, Banca Transilvania, which climbed to the 302nd spot, and BRD, which dropped to the 470th spot.

Romania's foreign exchange reserves grew to EUR37.454 billion at the end of January from EUR37.379 billion at the end of 2020, central bank data showed Monday.

Elefant.ro, one of the largest online stores on the local market, operated by Elefant Online, had a turnover of RON235 million (EUR48.2 million) in 2020, up 35% on the year.

French-held retailer Auchan and Costa Coffee, the coffee brand brought to Romania by Coca-Cola HBC Romania, in the summer of 2020, have started a partnership whereby Costa Coffee spaces will be launched across all MyAuchan stores in Petrom filling stations.

Companies in Romania may access financing in the field of leasing to continue and develop their activity, following a contract signed by the European Investment Bank (EIB) Group and Deutsche Leasing Romania, for a total financing of EUR370 million, intended for the economic sectors affected by the COVID-19 pandemic, especially the agriculture.

The roofing market will grow this year, actors in the industry say. The growth may be slower than last year, but even so, the market will grow. Demand for more expensive premium products will increase, they add, and new build and renovation will account for similar shares in the total.

The property management division of real estate consulting firm Colliers International manages a total portfolio of over half a million square meters of office and industrial space, of which 345,000 sqm in capital Bucharest, per data from Colliers representatives.

Romania's seasonally adjusted unemployment rate fell to 4.9% in December 2020, lower by 0.2 percentage points than 5.1% in November 2020, data from the country's statistics board showed Monday.

Belgian-held logistics space developer WDP, one of the most active investors on the Romanian market, has EUR116 million investments planned for Romania over the next three years.

Online furniture and home décor retailer Vivre posted growth of 45% in sales to more than EUR60 million in 2020.

Experts of KeysFin, one of business information providers in Romania, expect the Romanian economy to grow by 2.5% to 3.5% in 2021.

On any given day, construction sites can be quite hectic. Mostly, the personnel’s work involves the usage of heavy machinery and equipment that could put their lives at risk. For that matter, the use of safety tags is very crucial in a construction site. Tagging is actually a common form of communication used in these […]

Shareholders of state-run oil transporter CONPET Ploiesti (COTE.RO) will be discussing in their general meeting of March 11 a decision to increase the company’s share capital by RON108.8 million.

An irrevocable ruling handed down by the supreme court in a EUR 5.5 million arbitration ends a nine-year-long dispute whereas Țuca Zbârcea & Asociații represented a private company.   The dispute arose from a contract concluded in 2007. Under such contract, a private company had undertaken obligations to design, deliver, install and train the beneficiary’s […]

Global technology leader Xiaomi today introduced a brand new form of charging – Mi Air Charge Technology. Revolutionizing the current wireless charging methods, Mi Air Charge Technology enables users to remotely charge electronic devices without any cables or wireless charging stands. Mi Air Charge Technology – 5W remote charging The core technology of Xiaomi’s remote […]