Romania Feed
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ZF English - 10:27 Mar 16, 2021
Romania's current account balance posted a deficit of EUR239 million in January, compared with a deficit of EUR377 million in January 2020, central bank data showed Tuesday. -
ZF English - 10:21 Mar 16, 2021
Romanian real estate developers and German retailers, such as Kaufland and Lidl, were the most active land buyers in Bucharest – Ilfov area throughout 2020, per the Bucharest Land Marketbeat report drafted by real estate consulting firm Cushman & Wakefield Echinox. -
ZF English - 09:19 Mar 16, 2021
TBI Bank, with main operations in Bulgaria and Romania and banking operations in Germany, Sweden, Denmark and Poland, is extending its presence in the region and entering the Lithuanian market. -
ZF English - 08:27 Mar 16, 2021
Allianz-Ţiriac ended 2020 with total gross underwritings of RON1.32 billion, down 3.7% from 2019, and a 15% higher operating profit, of RON154 million. -
ZF English - 08:19 Mar 16, 2021
A President-branded product of the Lactalis group made in the Sfantu Gheorghe facility in Romania has been exported to 38 countries and export is one of the main goals for the plants the group has in the country, even though it is not significant at the moment. -
ZF English - 07:56 Mar 16, 2021
Oil group MOL, which owns 234 gas stations in Romania, sees the Romanian market as having high growth potential, and 2020 was a good year with 14 new stations opened. -
ZF English - 07:53 Mar 16, 2021
Paver manufacturer Elis Pavaje in Alba County reported a turnover of RON287.3 million in 2020, up 32% from RON217.6 million in 2019. -
ZF English - 07:34 Mar 16, 2021
The fight for the top position in the modern grocery retail in Romania is becoming tighter, and the biggest actors are growing constantly and becoming bigger. The most powerful five groups – Schwarz (Kaufland and Lidl), Carrefour, Profi, Mega Image and Auchan account for 72% of the almost RON70 billion annual sales of the modern retail. -
ZF English - 16:46 Mar 15, 2021
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, plans to distribute dividends totaling RON472 million from its 2020 profit. -
ZF English - 16:32 Mar 15, 2021
Romania's central bank on Monday decided to hold the benchmark interest rate at a record low of 1.25% a year, as inflation spiked above 3% since the beginning of the year on higher energy prices. -
ZF English - 14:42 Mar 15, 2021
New vehicle registrations in Romania declined 18.8% on the year in February, after a 46.6% annual decline in January, data from the the Automotive Manufacturers and Importers Association (APIA) showed Monday. -
ZF English - 14:06 Mar 15, 2021
Romania's finance ministry on Monday raised 300 million lei (EUR61.4 million), as planned, selling treasury bonds maturing in January 2028 at an average yield of 2.84%, central bank data showed. -
ZF English - 13:17 Mar 15, 2021
Real estate developer Oasis Retail Development & Consulting, owned by Klaus Reisenauer and Kurt Wagner, has taken a EUR9 million loan from OTP Bank to build a 60,000-square-meter retail park in the northern part of Sibiu. -
ZF English - 12:37 Mar 15, 2021
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) has summoned its shareholders on April 21 to vote on the allocation of the net profit and setting the dividend, per a stock market report. -
ZF English - 11:38 Mar 15, 2021
Don Pedro company based in Ramnicu Valcea, one of Romania’s leading producers of tissue paper, has doubled its production capacity upon completing an investment program in equipment and machines, for which it benefited from RON31 million financing from EximBank. -
ZF English - 11:11 Mar 15, 2021
Dutch property management group MVGM, which acquired JLL’s European property management business in ten European countries, said Monday it was adding NorthLight Residence in Bucharest to its management portfolio. -
ZF English - 10:55 Mar 15, 2021
Arad-based real estate developer Wallberg, controlled by entrepreneur Valentin Morar, has completed the first 134 apartments of the XCity Towers project located in Timisoara (western Romania) and is continuing works on other 148 housing units. -
ZF English - 10:25 Mar 15, 2021
Vegetable oil producer Argus Constanta (UARG.RO) ended 2020 with a net profit of RON1.96 million, down 59.3% on the year, and a turnover of RON168 million, down 17.2% on the year, per calculations by Ziarul Financiar based on data from the company’s annual report. -
ZF English - 10:08 Mar 15, 2021
German-held windows solutions producer Rehau Romania will invest approximately EUR10 million in Sibiu County, in the construction of a regional hub, in line with its development plans. -
ZF English - 09:27 Mar 15, 2021
MedLife Medical System on Monday announced the acquisition of the majority stake of 60% in Medica Sibiu, one of the important providers of private medical services in Sibiu County, with a turnover of RON3.7 million in 2020. With this acquisition, MedLife is consolidating its largest network of private medical units with national coverage.