Romania | News

Jorg Riommi, Chief Creative Officer Central Eastern Europe & Romania, Publicis Groupe, was selected as a jury member for D&AD Awards 2021, one of the most prestigious competitions in the design and advertising field globally. Following the global PR success of Burger King’s Moldy Whopper, winner of a Integrated PR Black Pencil last year, Jorg […]

TDCX opens its second European campus following the successful launch of its Barcelona operations almost 2 years ago. The new campus will be their first in Eastern Europe; in Bucharest, Romania. For TDCX the move signifies their continuous ascent from Asian region award winning BPO to a global leading business services provider to the world´s […]

Cognizant Softvision, one of Romania’s largest technology employers, today announced a new initiative that enables current and future employees in Romania to work anywhere in the country. Beginning immediately, Cognizant Softvision is providing all employees the flexibility to work in one of Cognizant Softvision’s five existing software design Studios, remote from home, or wherever they […]

The Black Sea Trade and Development Bank (BSTDB) has extended a EUR 50 million loan to One United Tower S.A. to facilitate the development of business infrastructure in Romania.   The purpose of the BSTDB loan is to finance the development costs of “One Tower”, a green office building making  part of the newly developed […]

Czech logistics developer and owner P3 transacted over 220,000 square meters of storage and office spaces in Romania in 2020, better than it initially expected.

Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growth in the fourth quarter of 2020.

Retailer cora Romania, part of French-Belgian group Louis Delhaize, is launching its cora Urban convenience store format, tapping a retail segment that has seen increased activity amid pandemic-related restrictions.

CTP, top 5 European industrial property developer, is extending its Romanian team with the appointment of Gijs Klomp as the new Head of Business Development. Klomp brings extensive knowledge of the industrial real estate market in Romania, where CTP owns and manages a market-leading 1.5 million m2 portfolio. Klomp’s main task in his new role […]

Skanska invests EUR 45M in the second building of the Equilibrium office project located in the northern part of Bucharest, Romania. The 12-storey building will comprise of a total leasable area of 19,900 sqm and 229 parking lots above and underground. By Romanita Oprea   „Equilibrium, located in one of the well-known business areas of […]

Romania is on the 20th place in a ranking of the countries that have raised the most investments in the fintech field, according to tech.eu. By Claudiu Vrinceanu   With five notable financings, Romania is thus in a club of select countries with companies in the fintech sector, being surpassed by countries such as Estonia, […]

Romania was ranked 46th in the 2020 Global Innovation Index. This was reflected in the Global Innovation Index study. The following places were taken by Vietnam (42), Greece (43), Thailand (44) and Ukraine (45). Romania’s best ranked neighbors were Hungary (35) and Bulgaria (37). The study, at its 13th edition, is co-published by Cornell University, INSEAD, and […]

Wizz Air, the largest airline in Romania by number of passengers, saw a 70% decline in the number of passengers carried to and from the country in 2020 to merely 3 million compared with more than 9 million in 2019.

With over 630,000 sqm of modern industrial space delivered, the total stock in Romania exceeded 5.2 million sqm in 2020, which means more than double the stock compared to 5 years ago, according to a report released by real estate consulting firm Avison Young Romania.   “The global pandemic that marked 2020 did not negatively […]

Real Estate has continuously been an element of attraction for foreign direct investment and one of the five vectors since the beginning of the 21st century. In Romania, most of the largest real estate investors are foreign. The notable exceptions are the Paval brothers of Dedeman, and Iulius Imobiliare, with the latter having a foreign […]

Banks in Romania could register an estimated loss in banking revenues after risk of around RON 58 billion by 2025, due to risk costs and decreased volumes, compared to the revenues that were expected before the pandemic – according to the latest research by McKinsey&Company Romania.   Banks are likely to face a two-stage challenge in […]

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising […]

Monica Hodor, a former networks development director within the global infrastructure and networks division of Enel Group, took over in early February 2021 the position of general manager of E-Distributie companies in Romania, responsible for managing the electricity distribution networks in the regions of Banat, Dobrogea and Muntenia Sud.

This year marks 30 years of PwC Romania activity on the local market. As the first large professional services company to register in Romania after 1989.   “PwC laid the foundations of the consulting services market 30 years ago, so we’ve been with the Romanian business environment from the very beginning. Over those three decades […]

Belgian-held logistics space developer WDP, one of the most active investors on the Romanian market, has EUR116 million investments planned for Romania over the next three years.

Experts of KeysFin, one of business information providers in Romania, expect the Romanian economy to grow by 2.5% to 3.5% in 2021.