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The number of real estate deals in Romania stood at 48,736 in January, 28,619 fewer than in December 2020, data from the national cadaster agency ANCPI showed Wednesday.

Bucharest’s hotel industry has been badly hurt by the crisis and one thing that shows it is the 17 for sale ads for hotels, according to real estate classifieds website imobiliare.ro, one of the largest such platforms in Romania.

Spanish real estate developer Gran Via Real Estate has bought a land plot near the Plumbuita Park in Bucharest, where it plans to build a residential project consisting of 90 apartments.

Telecom operator Vodafone Romania on Wednesday reported total services revenue of EUR193 million for the fourth quarter of 2020, down 2.1% compared with the same period the year before.

Romanian alumina producer Alum Tulcea (BBGA.RO), owned by Alro Slatina, has completed an investment of $3.67 million that modernizes and increases the performance and filtration capacity of its production plant.

New consumer and mortgage loans in lei and euros consumers took from banks fell by some RON2.7 billion or 7% from the 2019 level to RON34.3 billion in 2020. Last year was the first of decline for new retail loans in eight years, Romania’s central bank data show.

Romanian banks may register an estimated drop in revenues of around RON58 billion by 2025, compared with revenues expected had the pandemic never happened, due to risk costs and decreased volumes, according to the latest research by McKinsey&Company.

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Tuesday published its dividend policy in view of shareholders' approval on January 28 and seeks to distribute 85% of its net profit as dividends for the period 2020-2022.

Somfy Romania, a leader in providing automated controlling systems for shading and access to homes and commercial buildings, as well as a key player for smart home solutions, announces a turnover of 2.8 million euros, an increase by 30% compared to the previous financial year. The positive results, above the initial estimates, are due to […]

Canadian real estate broker Avison Young, present on the Romanian market since 2017, announces recruiting Laurenţiu Duică, current Partner & Head of Industrial Agency within Colliers International Romania, who will join the team in March, to contribute to consolidating the company in the industrial and logistics sector from the position of Senior Vice President.   […]

There is a popular Romanian saying that talks about bad counting: the four Evangelists were three: Luke and Matthew? It somehow suits DAC 6 being the fifth amendment of Directive 2011/16 on administrative cooperation. We can now say that the DAC game is on: we have official instructions from the national tax agency (available here) […]

Cargo transporter International Alexander Holding (IAH), founded in 2003 by Simion Apreutese and based in Arad, received antitrust clearance Tuesday to acquire Vio Transgrup based in Dambovita county from businessman Viorel Angelescu.

The Bucharest National Airport Company (CNAB), which manages Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, has a new Board of Directors and a new General Manager, Cosmin-Catalin Pestesan, starting January 2021.

Education savings accounts, or ESAs for short, allow parents to withdraw their children from charter schools or public district ones and obtain a public funds deposit for, even if restricted, numerous uses of government-authorized savings accounts. Such funds can pay online learning classes, private school tuition, fees, community college costs, private tutoring, higher education expenses, […]

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising […]

Stein & Partner becomes a key player in the international market of Executive Search and Human Capital Advisory, by continuing its expansion in Europe.   With more than 25 years of experience, the company plans to open two new offices in Ukraine and Serbia this year, as well as to focus on the performance of […]

Danish group Premium Porc, the second largest pork producer in Romania with ten local farms, seeks to buy five pig farms from Danbred, a group of firms with Romanian and Danish shareholders.

As per the Romanian law, telework is defined as any work arrangement that allows employees to work outside of their primary worksite at an alternate location, on a regular basis, at least one day a week, pursuant to an approved Telework Agreement. By Petre Lungu & Iulia Rezeanu, Senior Associates, Rödl & Partner   Currently, some current studies claim […]

The Romanian real estate market continues to lure investors and the mix between the limited supply and the demand better than the initial estimates could trigger unexpected price changes, according to Gijs Klomp, Head of Investment Properties within real estate consulting firm CBRE Romania.

Workspace Studio, local company specialized in ergonomically oriented design solutions and an accredited sole partner of Herman Miller in Romania, ended 2020 with a turnover of 9 million euros. The financial results were influenced by the pandemic, but the context was the ideal framework for an accelerated expansion to retail. Workspace Studio has quickly adapted […]