Romania Feed

Wizz Air, the largest airline in Romania by number of passengers, saw a 70% decline in the number of passengers carried to and from the country in 2020 to merely 3 million compared with more than 9 million in 2019.

Globalworth, the owner of Dacia’s biggest warehouse in the world, plans to expand the industrial site that contains it. Automobile Dacia, the largest company in Romania by revenue, will replicate the model of the Mioveni (Arges) site in a new town in the county, Oarja.

CTP, a top 5 European industrial developer with a portfolio of 6.3 million m2, expands its CTPark network in Poland to satisfy the high demand for logistics properties in the region.   “Poland is not only the largest economy in CEE; its strategic location and proximity to Germany also make it a logistics hotspot,” explains Remon Vos, CEO of CTP. “As we start construction […]

Federatia Patronatelor din Industriile Creative – FEPIC (the Federation of Creative Industries Employers) expressed its intention of developing the first hub dedicated exclusively to the creative industries in Iasi, in partnership with the City Hall. The cultural project „CREATIVE HUB”, named in a conceptual manner Iasi Creative Space, aims to create a temporary unconventional space […]

Starting with February 2021, Mihaela Ioniță is the new National Director of Human Resources of Lidl Romania and, once she takes over the new role, she becomes a member of the company’s Board of Directors. From this position, she will coordinate the entire human resources activity of the company.   With an experience that includes […]

In the summer of 2020 Publicis Events launched Arena Tei, a space with closed circuit, in the Romsilva base –9A Petricani Street, in a green, airy area, with a capacity of over 500 people that can stay on chairs, at table or individually. The audience has at its disposal also a food & drinks area, […]

With over 630,000 sqm of modern industrial space delivered, the total stock in Romania exceeded 5.2 million sqm in 2020, which means more than double the stock compared to 5 years ago, according to a report released by real estate consulting firm Avison Young Romania.   “The global pandemic that marked 2020 did not negatively […]

Starting this month, Brico Dépôt launches the Click & Delivery service for online orders, with home delivery. Whether they want to start a new renovation project or redecorate their house, Brico Dépôt customers can now order their favourite DIY products from www.bricodepot.ro website, choosing home delivery, easily and quickly.   After placing the order online, […]

Real estate developer Impact (IMP.RO), owned by businessman Gheorghe Iaciu, said Thursday it has appointed Constantin (Tinu) Sebesanu to the position of development director.

Deliveries of modern retail space this year will amount to about 60,000 square meters, a decrease of about 50% compared with 2020, real estate consultancy company Cushman & Wakefield Echinox said Thursday.

Romania's finance ministry on Thursday raised 716.5 million lei (EUR147 million), versus its RON600 million target, selling one-year treasury bills at an average yield of 1.67%, central bank data showed.

Romania's finance ministry on Thursday raised 1.415 billion lei (EUR290.3 million), versus its RON500 million target, selling bonds maturing in October 2027 at an average yield of 2.39%, central bank data showed.

Romanians are the most determined and quickest Europeans when it comes to choosing a home to buy, with three out of five saying they found their home in three months at most, a survey conducted by ING showed.

Agroland Business System, the most extensive farming store chain in Romania, has opened its first MEGA store this year, out of eight planned, in a EUR500,000 greenfield investment excluding inventory.

Restart Energy, an independent electricity and natural gas supplier, has obtained financing of RON16.3 million following an Offer of green bonds carried out between January 20 and February 3, oversubscribed and closed early, after the first ten days since launch.

Restart Energy, one of the largest independent suppliers of electricity and natural gas on the local market, successfully concluded a green bond offer conducted between January 20 and February 3, 2021, obtaining financing of 16,361,200 lei, oversubscribed and completed in advance after the first ten days from launch. According to the Offer Document, the offer’s […]

The European Central Bank and the National Bank of Romania have agreed to extend until March 2022 a framework arrangement to provide liquidity in euros to the Romanian central bank via a repo line of up to EUR4.5 billion, the central bank said Thursday.

According to a new survey of 15,000 Europeans across 15 countries from Vodafone’s think tank, the Vodafone Institute, conducted by Kantar, 85% of Romanian citizens are aware of the European Union’s Recovery and Resilience Facility (RRF). Vodafone, the largest mobile and fixed network operator in Europe, today releases new research revealing the European public’s attitudes […]

U.S. automaker Tesla on Thursday (Feb 4, 2021) opened its first office in capital city Bucharest, within a business center on Calea Serban Voda Roadway.

Publicis Groupe Romania, part of Publicis Groupe, global marketing and communication leader, announces the successful finalization of a new phase in the process of its digital transformation acceleration. With the help of Romanian technology company DocProcess, the group has implemented a solution for the management of financial flows that digitalizes and automates the manual processing […]