Romania Feed

Real estate developer Iulius Group of businessman Iulian Dascalu expects the pandemic to have a sizeable effect on last year’s revenue but says it will go ahead with its development plans.

The prices of old three-room apartments in Bucharest stagnated at EUR98,400 on average in December compared with November, after having gone up EUR100 the previous month, real estate consultant SVN Romania data show.

The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly appointed finance minister Alexandru Nazare.

The COVID-19 crisis brought unprecedented changes to the economy, largely due to the strict social distancing measures adopted by governments to limit the spread of the virus. Investment flows across Romania are expected to decline, but there is still room for optimism: foreign direct investment (FDI) could represent a central driving force for post-pandemic economic […]

Despite the global pandemic, it’s getting easier for Romanian startups to scale up — there’s more money in early stage rounds and more companies are securing the investments they need to grow. Here are three tech firms that saw considerable growth in 2020 based on the financing rounds they raised in the last 12 months. […]

Investment fund Fondul Proprietatea (FP.RO) has reduced its stake in nuclear power producer Nuclearelectrica (SNN.RO) to 4.99%, below the 5% legal reporting threshold.

Romania's 2021 state budget bill will reach Parliament on February 4, prime minister Florin Citu said Wednesday.

Entrepreneurs Adrian Paval and Dragos Paval, owners of DIY chain Dedeman, have transferred the 73% stake Dedeman owned in brick manufacturer Cemacon to their investment vehicle Paval Holding.

Counsel Group Frankfurt, a company with Romanian-German shareholders, specialized in providing services and software solutions, announces the appointment of Alexandru Sgâncă as Country Manager Romania.   Alexandru Sgâncă has over 12 years of experience in the software field, acquired within METRO SYSTEMS Romania, where he held several roles including Team Leader, Department Manager, Capability Manager, […]

The number of real estate deals in Romania stood at 77,355 in December 2020, 17,172 more than in November 2020, data from the national cadaster agency ANCPI showed Wednesday.

Sales of ready meals will amount to more than 400 million lei in 2021, following 13% growth year-on-year, market research company Euromonitor estimates show.

Alexandrion Group, the largest spirits producer in Romania by turnover, targets major investments in the hospitality industry, by acquiring several hotels in the next five years.

Several construction material manufacturers are investing almost EUR50 million in new precast concrete, thermal insulation panel, brick and polystyrene plants in Romania in 2021.

Romanians took out more than 1.47 billion lei in new mortgage loans in lei in November, the highest level in the past year, with only October 2019 recording a slightly higher figure of RON1.48 billion.

Bogdan Dobre has taken over as the new Chief Executive Officer of Holcim Romania, starting January 1, 2021.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, declined for the second consecutive day, down to 1.85% on Wednesday (January 6).

The World Bank expects Romania's economy to contract 5% in 2020, followed by a 3.5% growth in 2021 and a 4.1% growth in 2022, according to a note by lender Banca Transilvania.

Deloitte assisted the Austrian insurer Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) in the acquisition of the Dutch group Aegon’s non-life and life insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey. With a purchase price of EUR 830 million, this is one of Central Europe’s largest deals in the financial […]

The COVID-19 pandemic completely changed the plans and expectations we had at the beginning of this year. Meetings with loved ones, interactions with colleagues and hours spent together are now defined by a new normal. However, there is one crucial thing that has remained constant in our concerns: our health.   Good health is maintained […]

Extending your house may be one of the most significant renovation decisions you will make for your home. Not only will it bring about major changes to your home’s appearance, but it can affect the real estate value of your home too. The cost of extending your house can cost quite a lot, so careful […]