Romania | News

Oveit, the company that brought Live Stream Shopping to Romania, through its own technological solution – Streams.live, opens a round of SAFE financing on SeedBlink, the equity crowdfunding platform. The company aims to attract 400,000 euros from private investors interested in technology, but also from individuals who seek to invest their capital in technology startups […]

Sales of used cars stood at 880,000 units in Romania last year, 380,000 of which imported as such and 500,000 sold and bought on the local market.

Mixit, the Czech company that produces personalized breakfast muesli and lyophilised fruit, expanded to Romania just before Christmas, so that clients from 5 countries can now their customized muesli mix. After the Czech Republic (2010), Slovakia (2013), Poland (2014) and Hungary (2019), Mixit entered the Romanian market at the end of 2020. The expansion will […]

Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) said Wednesday in a stock market report that it would receive a non-refundable grant of $1.3 million from US-TDA that aims to fund the cost of services required in connection with the delivery of technical assistance related to identifying and performing a preliminary assessment of new potential small and modular nuclear technologies (SMR) compatible nuclear sites in Romania.

Foreign direct investments (FDI) have had a consistent contribution to the modernisation of the Romanian economy over the last 21 years, but they are no longer on the radar of decision makers or large private organisations in Romania today. We hear a lot of talk about entrepreneurship, which is healthy for the economy, but Romanian […]

Ten years after its establishment in Romania, Societe Generale European Business Services (Societe Generale EBS) becomes Societe Generale Global Solution Centre. ‘European Business Services’ was more than a name; it was a statement of the company’s positioning as a valuable partner for Societe Generale Group in its European operations and a vote of trust for […]

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian V. Popa as managing director for Romania starting March 1, 2021.

Romania’s economy may see an annual average growth of 2.5% between 2020 and 2022, backed by a 6.7% increase in productive investments, against the backdrop of a favorable evolution in 2019, real financing costs staying at a reduced level and implementing the programs launched by the European Union for 2021-2027, Andrei Radulescu, macroeconomic analysis director with Banca Transilvania, said in an analysis.

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian V. Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian V. Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will […]

December was the fourth consecutive month of growth in new vehicle registrations in Romania, although the market registered an overall contraction of 22.6% for the full year, data from the country's Automotive Manufacturers and Importers Association (APIA) showed Tuesday.

Dunwell, the only real estate broker specialised exclusively on industrial, pesents a complex industrial market analysis for the year that has just ended.   Real estate agencies have brokered more than 650.000 sqm of warehousing spaces during last year, throughout Romania. Most of the contracts were new leases, which is very positive for a pretty […]

At least six new DIY stores should open in Romania in the next two years. They will be part of the Leroy Merlin, Hornbach and MAM Bricolaj, data centralized by ZF from the announcements of the retailers show.

Last year, Romania has secured an EU funds package of around EUR 80 billion for the next decade – a huge amount that could ensure the modernization of the Eastern European nation and boost its convergence with western economies. By Sorin Melenciuc   The Romanian government has already announced that much of the amount would […]

Andy Braddell is a British citizen with tremendous experience in travelling and travel writing. In his most recent adventure, a nine month tour of Eastern Europe, which he completed just as the pandemic context was taking hold of Europe, Andy visited Romania, Czech Republic, Slovakia, Hungary and Poland. As you can see from the enumeration, Romania is […]

The fight for the top spot in grocery retail in Romania was tighter than ever in 2020, with discount store chain Lidl breathing down low-price hypermarket chain Kaufland’s neck, the leader of the market since 2012. Kaufland became market leader seven years after arriving in Romania.

The COVID-19 crisis brought unprecedented changes to the economy, largely due to the strict social distancing measures adopted by governments to limit the spread of the virus. Investment flows across Romania are expected to decline, but there is still room for optimism: foreign direct investment (FDI) could represent a central driving force for post-pandemic economic […]

Deloitte assisted the Austrian insurer Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) in the acquisition of the Dutch group Aegon’s non-life and life insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey. With a purchase price of EUR 830 million, this is one of Central Europe’s largest deals in the financial […]

Romania’s electricity market will be liberalized starting January 1, 2021, which means that electricity supply prices for household consumers will no longer be regulated by the country’s energy regulator ANRE.

Energy drinks market continued to grow in Romania in 2020, amid rising appetite of consumes for such drinks. Consumption of energy drinks stood at more than 35 million liters or about 1.8 liters per capita last year, 40% higher than in 2015, for instance.

Seven of the modern grocery retail chains in Romania have opened new stores in 2020, despite the COVID-19 pandemic. In all, 421 new hypermarkets, supermarkets, modern convenience and discount stores were inaugurated, making 2020 the second best year for expansion after 2019.