Romania | News

CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction in Bucharest and in multiple regional cities, with Romania being a growth engine for the group, weighing 26% in total spaces underway at the level of its entire network.

With an incidence of fewer than 1.5 per thousand people in all counties, Romania is now in the COVID-19 “green zone.” As the number of coronavirus cases has decreased, the government has taken many efforts to ease the burden on families. On August 1, 2021, new measures were put into effect to loosen certain limitations, […]

Romania’s 2022 state budget was built on a cash budget deficit target estimated at 5.8% of gross domestic product (GDP) and an ESA (European System of Accounts) deficit estimated at 6.2% of GDP, per a bill on approving the caps of some indicators stated in the fiscal-budgetary framework for 2022, released by the finance ministry on Friday (December 17).

By end-2021, Romania is likely to reach a 15,000-prosumer community, a spectacular leap from 1,700 prosumers in February, in line with official data.

Romania’s public debt has decreased by RON4 billion to RON552.4 billion, or 48.2% of the country's gross domestic product (GDP), in October 2021, as compared to RON556.4 billion, or 48.5% of the GDP, in September 2021, in line with finance ministry data released on Thursday (Dec 16).

While illegal deforestation is still a huge problem for Romania, today, our forests are on the verge of losing another battle, this time for the allocation of European funds under the PNS (National Strategic Plan). Only 0.46% of the funds are allocated to forest conservation and sustainable management, and NGOs are warning that at least […]

Morphosis Capital Fund I, a private equity fund focused on Romanian SMEs, announces the acquisition of the majority stake in Stay Fit Gym, the second largest chain of gyms in Romania by the number of locations. The partnership between the two entities envisages the expansion of Stay Fit Gym at the national level in order […]

French shipbuilding group Piriou said it bought the ATG Giurgiu shipyard in southern Romania from local investors Teodor Apostol and Adrian Patriche who have controlled the Romanian company from 2002 until now.

Norway’s TOMRA, a maker of reverse vending machines used in collecting beverage packaging, has opened a subsidiary in Romania and estimates it will install around 3,000 machines, which will collect more than 3 billion packages.

Flights to and from Romania generated EUR122 million revenue for Hungary’s Wizz Air group between April and September this year, according to a corporate financial report.

Euro Tower office building becomes the first Net Zero Carbon development in Romania, after being also the first green certified building in the country, a decade earlier, in 2009. The project reached the level of carbon neutrality in 2019, as well as in 2020, according to a study realized by BuildGreen for the assessment of […]

Euro Tower office building becomes the first Net Zero Carbon development in Romania, after being also the first green certified building in the country, a decade earlier, in 2009. The project reached the level of carbon neutrality in 2019, as well as in 2020, according to a study realized by BuildGreen for the assessment of […]

Romania’s public debt has increased by RON57 billion since the beginning of 2021 and reached RON556.4 billion, namely, 50.2% of Romania’s gross domestic product (GDP) in the last four quarters, in line with data for September 2021 and released in December.

Romania, Hungary and Croatia rank as the best countries for running small and mid-size enterprises in Europe, according to the consulting firm Company Romania. The criteria used to put together the ranking accounts for various factors, which include tax rates, levels of bureaucracy, and corruption.   The ranking shows the most favorable countries in European […]

Aukera, a green energy investment platform backed by AtlasInvest, a Belgian private investment company already active in renewable and conventional energy, aims to develop, build and operate a portfolio of wind and solar projects of over 1 GW (1,000 MW) in Romania.

Following the valuable insights presented by Bogdan Ion, Country Managing Partner, EY Romania & Moldova & COO EY South-East & Central Europe and Central Asia, during his opening keynote speech at BR’s recent Foreign Investors Summit, Ileana Gutu, Associate Partner, Economics and State Aid Services at EY Romania, also talked about Romania’s competitiveness and its […]

From Iasi to Timisoara and Bucharest, more than 38 landmarks around Romania will be bathed in purple light Friday 3rd December, recognising the world’s 1.2 billion people with disabilities. #PurpleNightRomania is a call to action that celebrates and draws attention to the potential economic contribution of the 800.000 people living with disabilities in Romania.    The […]

TBI Bank, the biggest buy now pay later lender in Romania, continues to spread its finance solution and signs a partnership with cora Romania, one of the largest retailers in the country, to give customers a seamless, personalized and digital shopping experience directly in the store. The partnership with cora is part of TBI Bank’s […]

Footwear retailer Benvenuti, controlled by local entrepreneur Dan Pavel, opened the sixth Enzo Bertini store in Romania, and the third in Bucharest, in Sun Plaza Bucharest.

The Petromidia refinery, the most important asset of Kazakhstan’s KazMunayGas in Romania, as well as assets in the hydrocarbon production area of OMV Petrom, are on the radar of Poland’s PKN Orlen, a company in which the Polish government is the largest shareholder (27.5%).