Found 20681 news
Romania’s e-commerce sector has reached the threshold of EUR6.2 billion at end-2021, almost 10% higher than in 2020 when the electronic commerce was estimated at EUR5.6 billion, in line with a report by GPeC and the Association of Romanian Online Stores (ARMO).
The number of online card transactions processed by Netopia Payments grew by 40% and their total value surged by 55% year-over-year in 2021, with an average 2 million online transactions processed monthly, through all payment methods.
Lender ING has lowered its economic growth projection for Romania to 3.2% in 2022 from 4.5% previously, and kept unchanged its projection for 2023 at 4.5%, ING Romania chief economist Valentin Tataru said in an analysis.
Lender Banca Comerciala Romana (BCR) has revised its forecast on Romania’s economic growth down to 3.2% in 2022 from a previous forecast of 4%.
Construction materials manufacturer Prefab Bucuresti (PREH.RO) had a turnover of RON99 million in 2021, up 12% from 2020, and its net profit soared by 77% to RON10.8 million, in line with the company’s financial report released Tuesday.
AFV Beltrame Group, the shareholder of Donalam, one of Europe’s largest producers of steel bars and special steels, has received the approval of Romania’s Competition Council for the acquisition of the functional production assets of the special steel plant (COS) Targoviste which currently faces judicial reorganization.
German-held home appliances manufacturer Miele Romania had a turnover of RON80 million in Romania in 2021, up 28% against 2020, and washing machines, vacuum cleaners and kitchenware were the most sought-after products.
The demand for industrial space in Romania has exceeded the threshold of one million square meters in 2021 for the first time ever for the market, with the lease activity being fueled by new contracts which accounted for over 80% (802,000 square meters) of the transacted volume, in line with data from real estate consulting firm Cushman & Wakefield Echinox.
Eight in ten (81%) companies in Romania plan to increase salaries in 2022 although they say the professional experience of candidates is bad and their salary demands are too high, in line with a survey by recruitment website eJobs, held by Swiss company Ringier.
Romanian state-run power grid operator Transelectrica (TEL.RO) reported total operating revenue of RON3.7 billion in 2021, up 58% on the year, and a loss of RON6 million versus a net profit of RON145 million in 2020, the company’s preliminary financial report showed Tuesday.
Romania's gross domestic product (GDP) grew 5.6% in real terms (in unadjusted data) in 2021 compared to 2020, the country’s statistics board INS said Tuesday.
Rehau, a German manufacturer of window, installation and furniture solutions, has started the process of obtaining the necessary permits to start the construction of a regional hub in Sibiu, in order to serve the market and customers more easily and to be closer to European roads.
Romgermed, a mid-sized player in the private medical services market, will open a new medical laboratory in the Unirii area of Bucharest in a EUR300,000 investment and plans to develop a new polyclinic this year, an investment of one million euros, its officials said.
The four-star Hotel Cismigiu (Cişmigiu Hotel) in Bucharest, one of the city's landmark buildings, controlled by Spanish-owned Hercesa, expects a 15% increase in average occupancy this year, as well as average room rates, as it expects the business travel market to thaw, according to company officials.
East Grain, a grain trader held by several entrepreneurs from Romania and Hungary, expects a 23% increase in revenue in 2022 compared with the RON539 million (EUR109.5 million) of last year.
Ford Romania's Craiova plant delivered more cars in January than Dacia's for the first time, as the availability of electronic components comes to dictate production volumes.
Cable manufacturer Romcab Targu Mures (MCAB.RO) on Monday evening published its development strategy from 2022 to 2026, revealing at the same time last year’s revenue: EUR370 million. By comparison, in 2020 Romcab posted EUR181m revenue.
Romania's finance ministry on Monday raised RON617 million selling bonds maturing in 2025 and 2030, at annual average yields of 4.99% and 5.62%, respectively.
The Bucharest Stock Exchange on Monday said the bonds issued by software solutions provider Life is Hard, in the amount of RON4.5 million, will start trading on the Multilateral Trading System, under the ticker symbol LIH25, on Wednesday (Feb 16).
NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe, acquired 17 hectares of land in the city of Galati (eastern Romania) for a mixed-use real estate project.20681 items