Romania | News

Hungary and Romania plans to significantly increase the capacity of the gas interconnector between the two countries and also to create new transport routes for nuclear fuel rods.

The 15 players on Romania’s packaging transfer market, namely the organizations in charge of collecting and recycling all types of packaging (OIREP), ended 2021 with overall turnover of RON824.3 million.

The International Finance Corporation (IFC), the investment arm of the World Bank Group, has granted a loan of EUR85 million to Globalworth Holdings Cyprus Limited, fully owned by Globalworth Real Estate Limited (GREIL), aiming to promote and expand green projects in Romania.

Favorite areas for Spanish investors in Romania are real estate market, the construction field, but also the IT&C sector. Also, green energy and retail are among the top sectors in our country that attract investments from Spain, according to the information from the ASEMER Association – an association of Spanish investors in Romania.   Spanish […]

Romania’s beer market suffered a 10% decline in the first four months of 2022 from the year-earlier period after, at the level of Europe, sales in bars and restaurants dropped by 35% in 2021, shows an analysis drawn up by Romanian Brewers Association.

NN Asigurari de Viata, the leader of the life insurance market, closed the first 25 years of activity in Romania with a significant footprint in society and in the local economy.   Since July 1997, NN supports clients to protect everything that matters most to them, contributes to relevant social causes in the communities it […]

The European Commission closed the investigation started in 2018 with relation to the Romania’s EUR335 million aid to Oltchim, as the petrochemical company was declared insolvent in 2019 and ceased its economic activities.

French fashion brand Orsay has shut down all its physical stores in Romania, together with the online one, with part of the company’s products being now available on the online platform aboutou.

US President Joe Biden at the G7 Leaders’ Summit on Monday announced allocation of a $14 million grant under the Partnership for Global Infrastructure and Investment (PGII) initiative for a new phase of the small modular nuclear reactor development by NuScale in Romania, Nuclearelectrica (SNN.RO) said.

REI, the second largest group of companies in Romania specialized in attracting non-reimbursable financing with European funds or through state aid mechanisms, according to data from 2021, has submitted more than 100 projects for non-reimbursable financing for the installation of more than 600 MW of renewable energy through the C6 – Energy component of the […]

Romania’s insurance market reached a volume of underwritten gross premiums of RON4.66 billion in the first three months of 2022, a record increase of 46% compared with the year-ago period, the representatives of the Financial Supervisory Authority (ASF) said in their latest report.

French group Lagardère, present in Romania via Travel Retail, Lagardère Travel Retail, active in the travel retail sector, plans to open 30 new spaces in Romania by the end of this year, mainly focusing on proximity concepts and development in airport areas.

One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out on the market by being the sole authorized distributor of Apple gadgets in Romania, in 2021 joined the club of RON billionaires, after its turnover skyrocketed from RON16 million in 2020 to RON1.3 billion in 2021.

With approximately 0.5 million sq m under construction and 44% of the area under construction being already pre-let, the modern stock of industrial spaces in Romania reached 5.9 million sq m in the first semester of 2022, according to the Romania Industrial Destinations research special report, launched by CBRE Romania, the leader of the real […]

Cigarette and vaping products manufacturer Philip Morris will invest $100 million in 2022-2023 to develop the production capacities for smoke-free products in Romania and reduce the impact over the environment.

Romania’s advertising market is likely to expand by 7.4% in 2022, being further dominated by TV, which attracts 56% of investments, reveals an analysis by GroupM.

The ferry line Orlivka-Isaccea on the Danube has increased the number of daily flights in the schedule, reducing the waiting .....

President of Ukraine Volodymyr Zelensky met with President of France Emmanuel Macron, Chancellor of Germany Olaf Scholz, President of Romania .....

Romania has ensured the transit of more than one million tonnes of grain from Ukraine since the start of Russia's all-out offensive.

Real estate developers continue to expand their portfolios of retail projects in Romania, over 500,000 sq. m of new spaces being announced for the next 4 years, with 10 of the pipeline projects each having more than 10,000 sq. m, according to the Bucharest Retail Market and the Romania Retail Regional Cities reports, produced by […]