Romania | News

PPF Real Estate, a developer and real estate assets investor held by Czech billionaire Petr Kellner, seeks again to buy office or even industrial buildings in Romania.

Alesonor, the developer of the green residential complex Amber Gardens, obtained the PUZ for the first complete suburb – Amber Forest. The first green suburb in Romania, Amber Forest, includes over 500 green villas and 200 green apartments, developed on 31 hectares, with only 15% of the built area, with the lowest land use coefficient. […]

Amazon today announced that company’s total permanent workforce in Romania is more than 2,500. The company is on track to add a further 500 new permanent roles by the end of 2021 across its sites and plans to open a new office in Timisoara and two new offices in Iasi.   Opening in Q2 2021, […]

Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported a gross profit of EUR14.2 million for local operations in 2020, from a loss of EUR101.8 million in 2019.

The interbank market ended February with cash surplus again and banks that were left with lei on their hands at the end of some days used the overnight deposit facility provided by Romania’s central bank and deposit auctions.

Romania is a balanced market as regards the presence of women in management and top management roles of real estate companies and their annual incomes can exceed 300.000 EUR per year, according to the most recent analysis by BUCHAREST REAL ESTATE CLUB. At its 2nd edition this year, WOMEN IN REAL ESTATE initiative acknowledges the […]

Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.

Poland's Citronex group will build greenhouses to grow tomatoes in Targu Jiu, southwestern Romania, on a surface of 50 hectares, local authorities said.

The strategy adopted at the onset of the pandemic to boost production capacity for drugs in demand drove local pharmaceutical manufacturer Zentiva to third place among the largest pharmaceutical companies by sales in Romania, a report by market research company Cegedim shows.

French-held Decathlon group, the leader of the local sporting goods retail, plans to have more than 1 million bicycles assembled in Romania in 2021, compared with about 860,000 last year.

Chief financial officers in Romania are more optimistic than six months ago regarding the evolution of their companies’ main financial indicators, according to the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in our country. Although half of the respondents show optimism, cost reductions continue to be […]

Revolut, the financial app with over 15 million users worldwide, has been granted a banking license in Romania, which means customer deposits of up to EUR100,000 are now guaranteed under the European deposit guarantee scheme.

Six private equity firms have bought seven private healthcare providers in Romania in the past two years, betting EUR100 million to EUR150 million on them, according to ZF estimates.

Salarium Fintech Company has completed the development stage of its application, now available in Google Play and AppStore, thus becoming the first platform of salary advance payment and financial education in Romania.   With the help of Salarium mobile app, employees of Romanian companies can request salary advances, without fees or interests. Salarium can integrate […]

A new report, Digitalisation: An opportunity for Europe, shows how increased digitalisation of Europe’s services and value chains over the next six years could boost Romania’s GDP per capita by 16.48% and also increase productivity by 16.70%. The report, commissioned by Vodafone and conducted by Deloitte, looks at the five key measures – connectivity, human […]

Companies in Romania’s outsourcing industry have not been affected by the COVID-19 pandemic too much and plan to continue hiring in 2021. Nine of them told Ziarul Financiar they sought to hire some 1,850 people this year.

The last decade has brought significant changes on the Romanian labor market, both in terms of wages, jobs, and in terms of the companies’ preferences related to top managers. By Sorina Faier The multinational companies that entered Romania in the past came with foreign management and kept it as they were developing their business on […]

Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, reported a net profit of EUR3.2 million in 2020 from local operations.

Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went up 28.3% in the past decade, Romania’s Financial Supervisory Authority (ASF) data show.

Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while solvency stands at more than 23%, Romania’s central bank data show.