Romania Feed
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ZF English - 12:42 Nov 24, 2020
Nearly 650,000 square meters of warehouses, or 15% of the total, are unoccupied at present; the value of these unused spaces reaches approximately EUR6 million, which does not include the costs of logistics services, per an analysis by Storage Logistics. -
ZF English - 11:28 Nov 24, 2020
Romania is represented with 58 companies, fewer by three firms than in the previous year, in a ranking of 500 largest companies in Central and Eastern Europe (CEE) by turnover in 2019, compiled by Coface rating agency, placing the country fourth in the region. -
ZF English - 11:02 Nov 24, 2020
Romania's Competition Council said Tuesday it was analyzing the deal whereby OLX Global BV intends to acquire Kiwi Finance SRL, the largest loan brokerage company on the Romanian market. -
ZF English - 10:51 Nov 24, 2020
Private lending in Romania grew 0.6% in nominal terms and 0.4% in real terms in October compared with September, to RON279.172 billion, central bank data showed Tuesday. -
ZF English - 09:54 Nov 24, 2020
VTEX, one of the world’s leading e-commerce platforms, is accelerating its expansion in the region of Central and Eastern Europe (CEE) by concluding new partnerships in Bulgaria and Poland, which it will be coordinating from its office in capital Bucharest. -
ZF English - 09:30 Nov 24, 2020
Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and, despite being more adequate than the previous one forecasting a 3.8% decline of the real GDP, seems more optimistic relative to the evolution of the economy and the COVID-19 pandemic. -
ZF English - 08:48 Nov 24, 2020
The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion. -
ZF English - 08:21 Nov 24, 2020
Software services and solutions provider NTT Data Romania (formerly EBS Romania), part of the Japanese group by the same name, is looking for technology specialists to fill its more than 75 open positions. -
ZF English - 07:59 Nov 24, 2020
The number of new two and three-room apartments delivered doubled in 2007-2019. Whereas 20,751 such apartments were delivered in 2007, the total number stood at 40,730 in 2019, according to the National Statistics Institute data centralized by Business Magazin. -
ZF English - 07:32 Nov 24, 2020
Meat processor Industrializrea Carnii (Kosarom), part of the Kosarom group, posted 165.1 million lei (EUR34.8 million) revenue in 2019, an increase of more than 11% on the previous year, ZF has calculated from Finance Ministry data. -
Hotnews - 15:01 Nov 23, 2020
ECOTIC, an e-waste collection scheme, has managed to collect over 175 000 tonnes of waste electrical and electronic equipment in 13 years of activity, thus ensuring the protection of the environment from harmful substances contained in this type of waste. -
ZF English - 14:09 Nov 23, 2020
The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million) Romanian aid scheme to compensate Romanian regional airport operators for the damage suffered due to the coronavirus outbreak. -
ZF English - 14:01 Nov 23, 2020
Romania's finance ministry on Monday raised 461 million lei (EUR94.6 million), versus its RON300 million target, selling bonds maturing in September 2031 at an average yield of 3.42%, central bank data showed. -
ZF English - 12:47 Nov 23, 2020
Car parts manufacturer Compa Sibiu (CMP.RO) on Monday reported a consolidated net profit of RON85,880 for January-September 2020, down 99.7% on the year, and a turnover of RON372.9 million, down 37.2% on the year, per Ziarul Financiar calculations based on the company’s quarterly report. -
ZF English - 11:58 Nov 23, 2020
Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, on Monday reported gross underwritings of EUR70.2 million in January-September 2020, under IFRS standards, lower by 4% than the level reported in the year-earlier period. -
ZF English - 11:35 Nov 23, 2020
Romanian state-owned lender CEC Bank reported a net profit of RON274.2 million for the first nine months of 2020, while its assets grew 14% since the beginning of the year, to RON37.5 billion. -
ZF English - 11:17 Nov 23, 2020
Austrotherm Romania, the local division of Austria’s Schmid Industrie Holding which produces polystyrene for constructions, has received state aid for a EUR3 million project aimed at expanding one of its three factories on the local market.
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ZF English - 10:53 Nov 23, 2020
Acronis, a global leader in cyber protection, is entering the Romanian market by opening a research and development (R&D) center within the Orhideea Towers office building developed by CA Immo in the central-western part of capital Bucharest. -
ZF English - 10:47 Nov 23, 2020
Italian cosmetics brand PUPA Milano is opening three new stores in the AFI Palace Cotroceni shopping center in Bucharest, AFI Palace Ploiesti and AFI Palace Brasov, following a lease agreement intermediated by the real estate consulting company Cushman & Wakefield Echinox. -
ZF English - 10:31 Nov 23, 2020
Alro Group (ALR.RO), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, extended until 2023, two syndicated credit facilities in the total amount of USD$150 million, under the coordination of EximBank.