Romania | News

72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statistical data released by the National Institute of Statistics.   An annual average […]

Romania’s public debt, in both lei and foreign currency, increased by RON20.2 billion (EUR4.1 billion) in January-February 2022, to RON596.8 billion (EUR120.6 billion), in line with finance ministry data.

Stickr, an app developed in Romania, is a new social media platform with a unique code that only allows users to post owned content, automatically certifying the location and timing of the photos or videos posted by using satellite geolocation and placing all posts on a 3D map of the world.   One month after launching […]

Tarfin, the regional leader in agricultural financial technology (agri-fintech) launches in Romania.   The company of Turkish origin focuses on supporting the Romanian farmers and suppliers of agricultural inputs by combining traditional distribution channels with technology and financial resources. Tarfin aims to lower farmers’ costs of agricultural production by providing quick, cheap, and transparent financing […]

Austrotherm Romania, the local subsidiary of the Austrian group of the same name, a producer of polystyrene for constructions, has recently launched participation invitation for company that can provide machinery and technological equipment for a new plant the company will open in Romania.

ClusterPower, a company founded by Romanian entrepreneurs Cosmin Georgescu, Vladimir Ester and Carmen Ursa Georgescu in 2019, inaugurated on the largest data center in Romania, in Mischii, Dolj County April 1, 2022.

Austria’s Wienerberger Group, which manufactures construction materials, posted some EUR105 million revenue in Romania in 2021, its last year’s sustainability report says.

TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported a net profit of EUR27.5 million at end-2021, the best result ever, up 39% versus 2020, the lender said in a statement.

With more than a decade’s worth of expertise in developing and operating mixed-use urban regeneration complexes in Romania, the only projects of this kind in the country, IULIUS Group is now launching a new project in Cluj-Napoca.   The investment upwards of half a billion Euro focuses on the Carbochim platform, set to become the […]

Romania is among the countries were cement sales dropped last year for Germany;s group HeidelbergCement, while in northern European countries sales went up, shows the group’s 2021 financial report.

At this moment, Siemens Energy has 199 jobs available for Romania, with 192 in Bucharest.

UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its local sales increase by 15% in 2021 versus 2020, to GBP279 million (almost EUR335 million), in line with Kingfisher’s annual report.

Over 125 trucks with aid, ambulances, and fire engines from Romania and other European Union Member States have arrived in Ukraine through the humanitarian hub in Suceava.

Investments in startups by TechAngels members more than doubled year-on-year to EUR 9 million in 2021, and a similar performance is expected this year. Malin-Iulian Stefanescu, the president of Tech Angels, talked to BR about the steady growth of angel investments in Romania and the ambition of seeing a Romanian startup grow into a unicorn […]

Greenfield foreign direct investments (FDI) will remain low, business services investments will flourish, and new projects could arise in the context of covid shortages and the National Recovery and Resilience Plan. These are the most important foreign direct investment trends Romania should keep an eye on this year. By Claudiu Vrinceanu   Greenfield projects stagnating […]

British paper packaging producer DS Smith, present in Romania with a plant in Zarnesti, Brasov county, has invested more than EUR200 million in Romania to bolster its production capacities.

Romania’s general consolidated budget posted almost RON9.51 billion deficit in the first two months of 2022, 25% lower than the RON12.76 billion in the year-ago period, the Finance Ministry announced on Friday.

Deloitte Romania and Reff & Associates | Deloitte Legal assisted, via two different multidisciplinary teams, both the sellers and the buyer in the acquisition of the first e-money institution licensed in Romania, Capital Financial Services, which operates under the Twispay brand, by Elrond Network, the blockchain company founded in 2018 in Sibiu by Beniamin Mincu, […]

French group Orange has a long-term plan for Romania’s market and is poised to step up local investments to keep its leading position on the segment of mobile telephony and also gain ground in the area of fixed services, according to the representatives of the group’s top management team and local subsidiary, six months after the completion of Telekom Fix acquisition, an almost EUR300 million deal.

IMMOFINANZ, one of the leading companies in the local real estate market, announces the launch of the successful mycowork, a myhive flexible office product offering customized workspaces for all types of companies in Romania. Internationally, the mycowork concept was first implemented in Vienna in 2020 and rolled out successfully in several European cities. The first […]