Romania | News

France, Germany, Italy, and Romania support the move to grant Ukraine status of a candidate for EU membership.

Real estate developers are further expanding their retail project portfolios in Romania, so that spaces with a total area of above 500,000 square meters are announced for the next four years, reveal Bucharest Retail Market and Romania Retail Regional Cities reports recently launched by Cushman & Wakefield Echinox.

Mobile Industrial Robots (MiR), one of the largest global suppliers of autonomous mobile industrial robots (Autonomous Mobile Robots / AMRs), registered in 2021 in Romania sales four times higher than in 2019. Also, in Central and Eastern Europe, sales were 52% higher than in 2020.   The number of industrial robots in Romania is estimated at 4,400 […]

Romania’s current account deficit increased by EUR3.4 billion to EUR7.5 billion in January-April, Romania’s central bank data published on Tuesday show.

Romania’s total external debt shrank by EUR66 million to EUR134.5 billion in January-April, of which direct public debt accounted for EUR56.3 billion, EUR2.4 billion lower than on December 31, 2021, Romania’s central bank data released on Tuesday show.

Supported by investments, Romania’s industry and agriculture, through existing capacities and competencies, can supplement EU imports from third countries, reducing costs, supply times and dependence on geopolitically and operationally risky areas. By Leonardo Badea, Deputy Governor of the Romanian National Bank   The way forward for the economic development of Central and Eastern European countries […]

Ukraine has established two routes to export grain through Romania and Poland, and is holding talks with the Baltic states to add a third corridor for food exports.

A study by Compare the Market Australia has ranked 26 European countries on factors such as homeownership rates, average property price per square meter, and average monthly rent in each country to reveal the countries with the highest homeownership rates in Europe.   Romania has the highest percentage of homeowners, with a 96.1% homeownership rate. That’s […]

Wolf Theiss welcomes Flavius Florea as Counsel and Head of the TMT, IP & Data Protection practice in Romania. He will lead and strengthen the practice, adding valuable expertise to the local team.   Flavius Florea has practiced law for more than 10 years, focusing on technology law, intellectual property and data privacy. His areas […]

NEPI Rockcastle, the biggest shopping center investor and developer of Central and Eastern Europe, has resumed its expansion in Romania, both in Bucharest and in Craiova.

T-Systems International sets off the opening of a Digital Hub in Romania with the support of Combridge and DTSE Romania, offering more than 100 jobs.

Softbinator Technologies, a Romanian software development company specialized in the design, development, and launch of innovative products with local and international clients announces the start of the procedures for taking over [e-spres -oh], an IT company from Timisoara.   Following the transaction, Softbinator Technologies will consolidate its presence in Romania’s western part and expand its […]

Romania last year exported 17.4 million liters of wine as total production stood at 4.5 million hectoliters (450 million liters). This means exports weighed below 4% of total wine production, in line with ZF calculations based on data provided by the Association of Wine Producers and Exporters and the International Vineyard and Wine Organization.

The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, on Monday said it would set off activities in Romania as it plans to invest almost EUR120 million in the development of solar photovoltaic (PV) parks it has recently acquired.

Romania’s telecom market leader Orange saw its net profit grow almost six times faster than its revenue in 2021, data on the Finance Ministry website show.

Romania’s finance ministry on Friday confirmed that it would launch and list on the Bucharest Stock Exchange a new issue of FIDELIS government bonds for retail investors, between June 6 and 21.

British American Tobacco (BAT), with a market share of 50% on the local tobacco market, on Thursday said it had contributed over EUR125 billion to Romania’s economy during its 25 years of activity on the local market.

BAT, the largest tobacco company in Romania, has contributed over 125 billion euro to the economy during its 25 years of activity on the local market.   Out of this amount, the company has paid almost 24 billion euro directly, or close to 1 billion EUR per year, as excises and other taxes, salaries, and […]

Swiss-held Holcim group, the largest construction material manufacturer in Romania via its local subsidiary, saw its revenue increase by 8% to RON1.7 billion year-on-year in 2021, Finance Ministry data show.

Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase in income along with the rise in interests, as well as a decline in risk costs and provisions.