Romania Feed

Fast moving consumer goods distributor Bere Bauturi Bucuresti (whose customers included Heineken and Coca-Cola), Midocar (the first importer of Volkswagen and Audi in Romania) and wire maker Dan Steel Beclean are the biggest insolvencies of 2020, a year when the Covid-19 pandemic hit many sectors of the economy.

Construction material manufacturer Joris Ide, held by Kingspan Group, targets investments of nearly EUR15 million in Romania until 2024.

Regional investment fund SIF Moldova (SIF2.RO) said in a stock market announcement on Thursday that it received from SAI Atlas Asset Management SA the notification on exceeding the 5% holding threshold of the voting rights of SIF Moldova.

Fashion House Pallady, the latest fashion house outlet developed by Belgian real estate developer Liebrecht & wooD in eastern Bucharest, in the commune of Fundeni, will open on March 25, following a total investment of over EUR25 million.

In addition to the difficulties it generated, the pandemic managed to do a good thing: unite people, who did not stay indifferent to the needs of NGOs and community projects. In 2020 alone, the Galantom platform managed to raise over 42,000 donations worth 5.2 million lei. Thus, no less than 206 NGOs and 476 community […]

The participation of BULGARTRANSGAZ, the operator of the national natural gas transmission network of Bulgaria, with 20% in the share capital of the Greek company GASTRADE that develops the Liquified Natural Gas (LNG) Terminal in Alexandroupolis, was completed today following the approval granted by the Bulgarian Commission for Protection of Competition.   The participation of […]

Datacor recorded revenues of 45 million lei (9.2 million euros) in 2020, a slight increase compared to 2019, which was a year with historical performances for the company. In 2019, the IT&C integrator obtained a turnover of 8.8 million euros and a profit of 3 million euros.   The company estimates that in 2020 the […]

Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, registered a 69.7% decline in traffic on the year to 4,468,906 million passengers in 2020, against the backdrop of the COVID-19 pandemic, the Bucharest National Airport Company (CNAB) said Thursday.

European commercial real estate developer CTP has the most environmentally-friendly industrial real estate portfolio in Central and Eastern Europe. In total, 292 CTP buildings at around a hundred different locations in six countries have confirmed their BREEAM In-Use status at the Very Good level or higher. A number of properties have reached the Excellent level. […]

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. […]

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, announces the signing of a lease contract for Globalworth Square. Wipro, a leading global information technology, consulting and business process services company, will become the main tenant of the most technologically advanced office building in the […]

Geanina Ungureanu (IMMOFINANZ Romania Senior Leasing and Asset Manager Retail) returns as a speaker at BR’s annual conference re:FOCUS on eCommerce, Retail & Logistics, which will take place in an online format on February 10, 2021.   Geanina Ungureanu occupies her current role at IMMOFINANZ Romania since October 2018. A skilled professional with almost 15 years […]

Catalin Pozdarie (CEO Hervis) returns as a speaker at BR’s annual conference re:FOCUS on eCommerce, Retail & Logistics, which will take place in an online format on February 10, 2021. The Hervis Sports Romania CEO will take part in a highly anticipated panel titled eCommerce and the Digital Transformation of Retail.   With an experience of over […]

Romanian state-owned lender CEC Bank is launching a personal loan with a fixed interest rate of 10.40% per year, which can be contracted exclusively online, without making any trips to the bank, via the CEC_IN platform.

Shareholders of Romanian regional investment fund SIF Moldova (SIF2.RO), which is changing its name to Evergent Investment, on Thursday (Jan 28, 2021) elected a new Board of Directors, for a four-year term, from April 5, 2021 until April 5, 2025.

Romania's leading electronics retailer Altex wants all stores, logistics parks and entities in its group to produce and use renewable energy, with the installation of solar panels, and total investments to this end have exceeded EUR1 million so far.

Having navigated the company’s human resources activities during a truly tumultuous year, Anca Bancu (Marcu) sat down with Business Review for her first interview since her appointment as Vodafone Romania’s HR Director and Board Member in March 2020. Thus, the BR exclusive #HRSpotlight2021 interview marks a premiere in which the Vodafone Romania HRD shared her insights about […]

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. Robustness is paramount amid economic shocks and the CEE banking sector is still very fragmented, with a number of players with marginal market share, the study explains.

Romania was one of the busiest markets in Central and Eastern Europe in terms of banking sector mergers and acquisitions, with three transactions in 2020, according to the Deloitte CEE Banking M&A study released Thursday.

Many of us managing businesses large and small understand the importance of SMS marketing. This type of interaction allows for a genuine, intimate conversation between a brand and the consumer, resulting in additional sales, a more informed customer base, and a stronger sense of brand loyalty.   When it comes to setting up SMS outreach […]