Romania | News
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ZF English - 16:22 Apr 11, 2024
Flanco, one of the largest local retailers of IT&C, electronics, and home appliances, will undergo a rebranding process as it aims to reposition itself as the first smart electro-IT discounter in Romania. -
ZF English - 07:02 Apr 08, 2024
EDP Renewables (EDPR), the Portuguese group that is a major player on the global green energy market, last month got the technical connection permit for two solar parks in Romania. -
ZF English - 19:03 Apr 04, 2024
Prime Batteries, founded by entrepreneur Adrian Polec and included in the portfolio of European conglomerate InnoEnergy, and Monsson Group put into operation the largest capacity of electric energy storage in batteries in Romania. -
ZF English - 18:40 Apr 04, 2024
Romania is one of the European Union Member States with the lowest house price increases, of 25%, between 2010 and 2023, half the European average, but rents surged 45% to 50% during the same period, data from Eurostat, the statistical office of the European Union, showed on Thursday (April 8). -
ZF English - 17:33 Apr 04, 2024
BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost the financing of impactful sustainability-related projects in Romania. -
ZF English - 07:18 Apr 04, 2024
Romania’s M&A market in the first quarter of this year registered 63 deals, a frail increase from the 61 deals posted during the same period of 2023, showing however stepped-up activity compared to the two previous quarters, shows an EY Romania analysis. -
caspianbarrel.org - 10:16 Apr 03, 2024
The State Oil Company of Azerbaijan (SOCAR) may extend the gas supply contract signed with Romania for another two years, but everything will depend on the desire of the Romanian side, SOCAR Vice President Elshad Nasirov said on April 1 during the 8th meeting of the Azerbaijani-Romanian intergovernmental joint commission on trade and economic relations […] -
ukrinform.net - 00:37 Apr 03, 2024
The Cabinet of Ministers of Ukraine had approved the agreement on the opening of the international checkpoint Bila Tserkva (Ukraine) - Sighetu Marmatiei (Romania). -
ZF English - 20:13 Apr 02, 2024
Competition Council is assessing the transaction whereby Banca Transilvania intends to acquire the entities in Romania of Hungary's OTP Group, respectively, OTP Bank Romania, OTP Leasing Romania IFN, OTP Asset Management Romania S.A.I., OTP Factoring S.R.L. and its subsidiaries, OTP Consulting Romania S.R.L., OTP Advisors S.R.L. and OTP Bank Romania Foundation. -
ZF English - 08:52 Mar 29, 2024
Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring with its “Pre-Owned” program, launched in 16 countries already, industry sources told ZF. -
ZF English - 17:52 Mar 28, 2024
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the Euromoney Global Private Banking Awards, the preeminent annual awards program of the worldwide private banking and wealth management industry. -
ZF English - 13:54 Mar 27, 2024
International law firm CMS has advised PPC Renewables on the successful completion of their acquisition in Romania of an 84 MW operational wind farm from Lukoil Group, a deal that was signed and announced in 2023. -
ZF English - 19:00 Mar 26, 2024
Scandinavian home furnishing retailer JYSK continued expansion in Romania by opening two new stores in Husi and Bistrita this week for a total of 140 in the country. -
ZF English - 09:18 Mar 21, 2024
Germany’s DIY retailer Hornbach has announced the expansion of the group’s IT hub in Romania. -
ZF English - 21:56 Mar 19, 2024
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 3rd place in the ranking of the largest banks in Romania by assets in 2023, overtaking BRD, which is held by French group Societe Generale. -
ZF English - 19:58 Mar 19, 2024
Pizza Hut restaurant chain held by Sphera Franchise Group in Romania, which also holds the KFC and Taco Bell franchises, underwent a significant restructuring process in 2023 and 2024, which entailed closing almost one third of the restaurants in order to break even and then turn a profit. -
ZF English - 20:21 Mar 18, 2024
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted pre-tax profit of EUR92 million in Romania in 2023. -
ZF English - 19:45 Mar 18, 2024
Gym network Stay Fit Gym, one of the largest actors on this market in Romania, plans to develop fast in the next two years. It seeks to go from 35 gyms in 15 cities at the moment to 55 by the end of 2025, cofounder Alexandru Lascar says. -
ZF English - 19:08 Mar 12, 2024
Euro Insol, the judicial administrator of Uzina Constructoare de Masini (UCM) Resita, has announced the signing of the contract for the sale of the UCM Resita business to Uzina de Constructii Masini Hidroenergetice, a company controlled by Hidroelectrica, Romania’s biggest energy producer. -
ZF English - 14:00 Mar 12, 2024
A total 21,461 housing units were put into use in Romania in the fourth quarter of 2023, 923 more units than in the same period of 2022, provisional data from the country’s statistics board INS showed on Tuesday (March 12).