Romania | News

Disney Plus, the streaming service of The Walt Disney Company, has confirmed its launch in 42 countries in Europe, Africa and Asia, including Romania, starting summer 2022.

Infrastructure projects worth over EUR1.5 billion are expected to be delivered in Romania’s regional cities in 2022, while in capital city Bucharest, construction works on a new bypass road will continue as part of an investment worth EUR1 billion, in line with an analysis by Bucharest Real Estate Club, in partnership with Concelex.

Germany’s retailer Kaufland, the second largest player in Romania’s food retail by 2020 turnover, reached 148 stores in Romania in 2021 after opening ten stores.

Romania’s tourism sector in 2021 generated revenues worth $1.1 billion, with the biggest receipts recorded by operators that sold holiday packages, namely travel agencies, and by hotel owners, in line with statista.com data.

Dedeman, leader of Romania’s do-it-yourself (DIY) market and the biggest Romanian entrepreneurial company by turnover, got beyond the 12,000-employee mark, in line with company data.

Portugal’s EDP Renewables (EDPR), the third strongest investor in Romania’s green energy, took over Beta Wind project company, the developer of a 151-MW wind project, according to market sources, with the deal marking the company’s return on the market.

Real estate consultancy company CBRE has appointed Victor Rachita to lead the Industrial & Logistics (I&L) Department in Romania, pursuing its consistent efforts to strengthen the industrial & logistics team and extend the local market share.

Primark, the international retailer, has today announced plans to launch in Romania with a new store planned to open in the capital city of Bucharest later this year, located at ParkLake Shopping Centre. The move is another significant milestone for the retailer in its ongoing expansion across Europe and the US.   The new store […]

Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening its first store in Romania, within ParkLake Shopping Center in capital Bucharest, until the end of 2022.

Romania, Poland and Slovakia are countries in Central and Eastern Europe (CEE) which reported an increase in the volume of transactions with real estate assets, according to data from real estate consulting company Cushman & Wakefield Echinox.

P3 Logistic Parks (“P3”) announces the results of the leasing activity for 2021, in Romania. Due to the high demand generated by the positive organic evolution of the retail, transport and logistics sectors, and to the multiple facilities available within P3 Bucharest A1, last year the company leased out approximately 113,500 square meters of logistics […]

The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the Cushman & Wakefield Echinox real estate consulting company.   At the regional level, the total transacted volume reached 9.98 billion euros, a […]

Denmark’s Glerups, a producer of wool footwear, is expanding its production operations in Romania with a new hall and wants to hire 100 people in Aiud, Alba county, according to the representatives of Invest in Aiud, an association meant to promote investments in the city.

Real estate consulting firm JLL has announced a new addition to the local team of Tétris Romania by recruiting Vlad Stanislav as Managing Director.

Romania exported 4 million tons of wheat of the 2021 harvest, namely over 35%, by late December 2021, thus ranking first among wheat exporters in the Black Sea area and in the EU, according to Cezar Gheorghe, grain trade expert analyst at Romanian Farmers’ Club.

Starting this year, MC Truck & Bus SA will produce electric buses in Ciorogarla, near Bucharest, in partnership with Zonson Smart Auto Co LTD, a subsidiary of the Chinese giant ZTE. Romania will thus have the first manufacturer of electric buses.   In the first phase, 200 units will leave the factory annually. Over the […]

According to data published by the Drivers Licence Center and Registration of Vehicles, Ford Romania closed 2021 as the leader of the commercial vehicles market, while Ford Puma is the bestselling hybrid vehicle model in Romania. 2022 also looks promising for the automobile manufacturer, with several models such as E-Transit, Ranger, Fiesta, and Focus waiting to be […]

Romania’s annual inflation rate climbed to 8.2% in December 2021 after having entered a slightly downward trend in November, edging down to 7.8% from 7.94% in the previous month, data from the country’s statistics board showed on Friday.

Austrian furniture and home decor retailer XXXLutz – with four stores in Romania under the XXXLutz and Mömax brands– will be opening a new Mömax store on the local market in the central city of Brasov, within the Coresi project developed by Ceetrus, accordng to an announcement on www.property-forum.eu.

Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, held by the Azoitei family, wants to develop the tallest residential building on the Romanian market.