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Romania’s real estate investment market showed resilience in the face of the coronavirus pandemic in 2020, with the volume of transactions reaching EUR914 million, 28% higher than in 2019, per the Romania Investment Marketbeat report released by real estate consulting firm Cushman & Wakefield Echinox.
Romania’s Financial Supervisory Authority (ASF) plans to implement a unitary approach for the management of the stock market, insurance and private pension sectors, through the coordination of all services by a general department, according to the ASF strategy for 2021-2023.
Real estate consulting company CBRE has brokered the extension of the lease contract for a space of approximately 85,000 square meters occupied by Carrefour Group within the P3 Bucharest A1 industrial park located in western Bucharest.
Ploiesti-based iHunt Technology (HUNT.RO), a producer and supplier of mobile phones and hi-tech gadgets, whose shares climbed 41% in 2021, received shareholders’ approval for a bond issue worth RON7 million, for a four-year period, and a maximum interest rate of 9% per year.
Cleaning products group Interstar Chim has seen its sales surge during the pandemic, when people bought a lot of household cleaning and personal care products, i.e. soap and sanitizer.
Construction group Apolodor posted growth of 6% in revenue to 91 million lei in 2020 but is cautious about this year’s results.
Dendrio Solutions, owned by Bittnet Systems (simbol bursier BNET.RO), has signed a RON22.8 million framework agreement with the Ministry of Defense for the provision of IT&C equipment.
Starting February 1, Cecilia Tudor becomes managing director for the Renault Brand for South Eastern Europe, following the organization of Groupe Renault around its brands, grouped in four business units, the company announced Tuesday.
Business interruption, pandemic outbreak and cyber incidents are the top three business risks globally for 2021, all strongly interlinked, according to the latest Allianz Risk Barometer survey.
Romania’s Competition Council has imposed over EUR70 million in fines in 2020, the year which came after a period of transition during which the antitrust body did not finalize a large number of cases, per an analysis by Catalin Suliman (partner) and Georgeta Gavriloiu (counsel) with Filip&Company.
Working from home will become a common practice within many companies even after the Covid-19 pandemic, tourism will become more local and more frequent, investment deals are expected to dip and 2021 is expected to be a breather year for residential, Colliers International consultants predict.
Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, wants to fully acquire Innobyte, one of the leading players on the Romanian ecommerce market.
Developers of industrial and logistics spaces delivered new projects totaling 600,000 square meters in 2020, sticking to their announced investment plans despite COVID-19 crisis.
US drug wholesaler group AmerisourceBergen Corporation is acquiring Alliance Healthcare, the distribution business of Walgreens Boots Alliance (WBA), also present in Romania, for $6.47 billion.
Passenger traffic on the Timisoara International Airport declined by 70.5%, down to 470,631 passengers in 2020, compared with 1,595,012 passengers in 2019, the airport said in a statement Tuesday.
Dragos Constantinescu, head of URSUS Breweries, was appointed President of the Romanian Brewers Association.
Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show.
New car registrations in Romania fell by 21.8% in 2020, to a total 126,351 units, placing the country 15th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Tuesday.
Logistics and parcel delivery company DHL Express Romania ended last year with double the e-commerce revenue compared with 2019. DHL Express Romania also posted growth of 20% in revenue, driven by higher e-commerce volumes.
Modern retail chains in Romania are preparing to open 400 new stores in 2021 and spend EUR700 million to EUR800 million on expansion, on upgrades and logistics, ZF has found from the data they supplied.21152 items