Romania Feed

Iulius Town Timișoara, an urban regeneration project developed by companies IULIUS and Atterbury Europe via a EUR 442 million investment gained international recognition for its integrated mixed-use concept, its positive impact in the community and for innovation. The only mixed-use project in the west of the country was named the „5 Star Winner Best Mixed […]

 To improve people’s health and to protect our planet, Bosch is counting on AIoT, taking advantage of the possibilities offered by data, artificial intelligence, and the internet of things to benefit people and the environment with technical solutions. “We combine AI and connectivity to form the AIoT, which helps us improve energy efficiency and fight […]

Delia Iliasa will take over the responsibilities related to the commercial development of the company, and Andrei Vasile, co-founder of SanoPass, will keep his role of Managing Partner with responsibilities in the area of ​​Business & Product Development.   Currently, the SanoPass network has over 850 clinics and 10,000 users. With the takeover of the […]

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian V. Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian V. Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will […]

The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alone.

Moderna Switzerland GmbH, the International Operations headquarters of Moderna, a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, provided a distribution update for the COVID-19 Vaccine Moderna in the European Union and the EEA Member States, Norway and Iceland, including the beginning of deliveries of the vaccine on Monday, January 11, 2021. All shipments of the COVID-19 Vaccine […]

Romania's biggest online retailer eMAG is expanding its Genius delivery service to Craiova, Ploiesti, Galati, Braila, Sibiu, Pitesti and Buzau, the retailer said Tuesday.

December was the fourth consecutive month of growth in new vehicle registrations in Romania, although the market registered an overall contraction of 22.6% for the full year, data from the country's Automotive Manufacturers and Importers Association (APIA) showed Tuesday.

DRUID, a local startup specialized in developing chatbots, has attracted new financing totaling $2.5 million in a financing round led by investment fund GapMinder with $2.2 million.

The office market in Romania contracted 36% in 2002 from a record level of 470,000 square meters registered in 2019, to just 300,000 sqm, real estate consultancy company JLL Romania said in a report Tuesday.

Retailer Profi, held by Mid Europa Partners, plans accelerated development in the next years, targeting over 2,000 stores by 2024.

Four companies in Romania produce RON50 million worth of escargot, with 270 employees.

Investment vehicle ROCA X has signed a deal investing EUR150,000 in local virtual mobile operator Benefito Mobile, which plans to launch a prepaid card for mobile telecom services which users can recharge when purchasing products and services from partner companies.

German manufacturer of automotive cable harnesses and electrical systems Kromberg & Schuber has leased 2,000 square meters of office space in the Vox Technology Park project in Timisoara.

Romania's gross domestic product fell 5.7% on the year in both nominal and real terms in the third quarter, a second reading from the country's statistics board showed Tuesday.

Rompetrol Well Services (PTR.RO) said Monday in a stock market report that KMG International, which owns 73% of its share capital, requested that issues regarding the dividend policy be included in the shareholders’ agenda of January 28/29.

Romanian electricity distribution company E-Distributie Banat, part of Italian utility group Enel, invested RON127 million in digitizing and modernizing the power grids in western counties of Arad, Timis, Caras Severin and Hunedoara, in 2020.

Romania's finance ministry on Monday raised 681 million lei (EUR139.8 million), versus its RON600 million target, selling bonds maturing in January 2028 at an average yield of 2.74%, central bank data showed.

Dunwell, the only real estate broker specialised exclusively on industrial, pesents a complex industrial market analysis for the year that has just ended.   Real estate agencies have brokered more than 650.000 sqm of warehousing spaces during last year, throughout Romania. Most of the contracts were new leases, which is very positive for a pretty […]

Restart Energy, one of the largest independent suppliers of electricity and natural gas in Romania, entered into a joint venture with the Washington, DC based Interlink Capital Strategies to develop 500 million dollars in green energy in Romania and neighboring countries as well as to expand into the US market with an innovative blockchain electricity […]