Romania Feed
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ZF English - 07:58 Oct 15, 2020
Online retailer evoMAG, held by entrepreneur Mihai Patrascu, expects a nearly 20% increase in sales at this year’s Black Friday sales campaign, compared with 2019, and it decided to increase stocks by 50%. -
ZF English - 07:24 Oct 15, 2020
Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania, appointed Lucian Hoanca to the position of Chairman of the Executive Board, on Wednesday (October 14, 2020). -
ZF English - 07:20 Oct 15, 2020
Flexpresso, a company based in Craiova (southern Romania) makes almost 15 million lei worth of coffee a year which it sells to various businesses. The company makes several types of coffee - instant, ground, or beans, though it started out with coffee pods. -
ZF English - 07:00 Oct 15, 2020
Furniture manufacturer Simex, based in Simleu Silvaniei (Salaj County, NW Romania), posted more than 35.1 million lei (EUR7.4 million) revenue in 2019, an increase of 18% on the previous year, ZF has calculated from Finance Ministry data. -
ZF English - 06:00 Oct 15, 2020
Romanians borrowed more than 1.2 billion lei in mortgage loans from banks in August, the third highest level in the first eight months of 2020 and 3.6% more than in August 2019. -
ZF English - 13:37 Oct 14, 2020
Renault Group will be revealing new images of its future electric vehicles Thursday evening, October 15, including the Dacia Spring, the first fully electric car to be sold under the Romanian brand. -
ZF English - 13:29 Oct 14, 2020
Romcarbon (ROCE.RO), one of the major plastic packaging producers in Romania, said Wednesday it has agreed to sell a plot of land in Iasi to Office & Logistic for EUR250,000 net of VAT. -
ZF English - 12:06 Oct 14, 2020
Israeli real estate developer AFI Europe will be officially opening the AFI Brasov mixed-use project on October 21, 2020, per a press invitation. -
ZF English - 09:52 Oct 14, 2020
Romania's current account balance posted a deficit of EUR5.789 billion in January-August, compared with a deficit of EUR7.099 billion in the same period in 2019, central bank data showed Wednesday. -
ZF English - 09:27 Oct 14, 2020
The Romanian unit of Dutch retailer Used Products, specialized in the sale of new and pre-used products, reported a turnover of over half million euros in January-September 2020, double compared with EUR250,000 reported in the same period in 2019. -
ZF English - 09:13 Oct 14, 2020
Ride-hailing service Yango, owned by Russia's Yandex, will halt operations on the Romanian market after less than a year and a half since entering the market. -
ZF English - 08:01 Oct 14, 2020
Romania’s industrial production decreased by 13.7% as gross series on the year in January-August 2020, and by 14.2% as series adjusted by number of working days and seasonality, the country’s statistics board INS said Wednesday. -
ZF English - 06:42 Oct 14, 2020
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, ended the first half with growth of 8% in revenue on the year-ago period. Schaeffler Romania expects 10% decline in the second half, due to the decrease in orders from its customers. -
ZF English - 06:25 Oct 14, 2020
NY’ER Romania based in Cluj-Napoca, the operator of the local New Yorker stores, posted more than 345.5 million lei (some EUR73 million) revenue in 2019, an increase of 13.5% on 2018, ZF has calculated from Finance Ministry data. -
ZF English - 06:00 Oct 14, 2020
There is room for growth and even doubling of Romania’s food industry, says Jean Richard de Latour, the French executive who runs the local operations of retailer Carrefour. -
ZF English - 15:42 Oct 13, 2020
Bittnet Systems, a local integrator of IT&C solutions, said Tuesday it has successfully negotiated the acquisition of 25% in Softbinator Technologies for an estimated $2 million. -
ZF English - 14:32 Oct 13, 2020
Car sales on the Romanian market dropped 32.3% on the year in the fist nine months of 2020, under the impact of the Covid-19 pandemic, data from the Automotive Manufacturers and Importers Association (APIA) showed Tuesday. -
ZF English - 13:17 Oct 13, 2020
The International Monetary Fund estimates Romania's economy will contract by 4.8% this year, a slightly milder contraction compared with the 5% estimated in April, according to the latest World Economic Outlook released Tuesday. -
ZF English - 11:07 Oct 13, 2020
Impact Developer & Contractor (IMP.RO), a real estate developer held by businessman Gheorghe Iaciu, concluded a contract of EUR9.5 million with construction firm Premium Invest Concept for the construction and delivery of a “turnkey” apartment complex in Constanta (south-eastern Romania). -
ZF English - 10:23 Oct 13, 2020
Groupe Renault has decided that third generation Dacia Sandero will be produced exclusively in Morocco, while the Dacia plant in Mioveni will be producing models with higher added value and Dacia Logan, which is the best selling car in Romania.