Romania Feed

The 2021 financial year brought a massive increase in IMMOFINANZ’s earning power: The results of operations rose by roughly 46% to EUR 210.1 million and clearly topped the previous year as well as the pre-crisis period in 2019. Net profit improved significantly to EUR 345.8 million, compared with the crisis-related loss of EUR -165.9 million in the […]

Want to check if someone is using the same images as yours? When you post images on your site or your social media platform, there is always a chance that another account or site can copy them. This is because people today are not aware of the consequences of image plagiarism; moreover, creating new images […]

Football Museum Bucharest, the first Romanian museum dedicated to football, and Mircea Dinescu, the owner of several unique restaurants in Romania, announce the signing of a partnership agreement for the management of the Football Museum Bucharest’s bistro and café. The new partnership will bring the bistro’s clients an atypical gastronomic offer, based on a “farm-to-table” […]

Have you ever thought about starting a cell phone accessory business? While it is a highly competitive niche, with independent stores and kiosks located in the majority of shopping malls and other public areas, starting such a business can end up being quite profitable. However, in order to become successful, you will need to take […]

Tommy Hilfiger, which is owned by PVH Corp., announces the launch of a five-part podcast series, titled The Invisible Seam: Unsung Stories of Black Culture and Fashion, which seeks to highlight the overlooked contributions of Black culture and communities, to expand the narrative around the history of American fashion.   The series has been developed […]

The Romanian residential sector saw a 16 percent increase in the average price per square metre in 2021, and the trend appears to have continued since the beginning of 2022. Last year, price hikes were supported by the high demand for apartments and houses, but now they seem to be a consequence of the rising […]

Ozan Tuncer, the new CEO of Cosmopolis, the largest private residential district in Bucharest, spoke to Business Review for the first time and provided insight into the company’s new expansion plans and the uniqueness of the city with turquoise roofs. By Aurel Constantin   You have been in Romania for over 15 years now. How […]

The food retail turnover increased by almost 10% compared to 2019 and was 97% above the 2011 level, reaching the level estimated in last year’s analysis dedicated to this market, of almost lei 130 billion in 2020.   For 2021, KeysFin analysts estimate exceeding the lei 142 billion threshold, due to the increased demand but […]

Integrated mobility services provider Autonom Services, held by brothers Marius and Dan Stefan, on Thursday said it ended 2021 with consolidated revenue of RON394.3 million, up 20.6% versus 2020 and up 16% from 2019, a benchmark year for the company before the pandemic.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, surged to 4.73% a year on Thursday (April 21) from 4.71% a year on Wednesday (April 20), as per central bank data.

The volume of Romanian construction works increased, in unadjusted data, by 8.4%, in January-February 2022 as compared to the same period of 2021, and by 5.9% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.

French-Belgian startup iBanFirst, operating an online platform allowing companies to carry out rapid transactions in over 30 foreign currencies, wants to reach a portfolio of 600 clients domestically, triple the current one.

ICD Real Estate Development, a developer controlled by Nicusor Popescu and Daniel Chitafes, bought 17,000 square meters from IMGB platform to the end of developing a housing project.

Rodbun group, established two decades ago by Daniel Muntean and Alexandru Iancu, plans to shift from primary production and agricultural input trading to processing. Thus, on the medium term it plans to invest in a peas processing unit, according to its representatives.

Total population and company debt at end-2021 reached RON425.6 billion (EUR86.5 billion), up by RON40.2 billion or 10.4% from the 2020 level. The indebtedness growth pace sped up in 2021, to the fastest since 2008.

The high activity levels seen on the local real estate investments market at the start of 2022 indicate that the total investment volumes in Romania could exceed EUR1 billion in 2022, according to representatives of real estate consulting firm Colliers.

Romania's competition authority said on Wednesday (April 20) that it was looking into the takeover of local real estate group Maurer by investment fund Revetas Capital.

Romanian carmaker Automobile Dacia’s assembly plant in Mioveni (southern Romania) has produced the 10 millionth car, an urban gray Duster SL Extreme vehicle, on Wednesday (April 20).

Austrian construction company Strabag has won a contract worth RON327.9 million (over EUR66 million), excluding VAT, to build the new passenger terminal at Iasi airport, an EU-funded project.

Law firm CMS Romania announced on Wednesday (April 20) that Cristina Popescu was promoted to Partner starting May 1, 2022.