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Former Kaufland Romania chief executive officer Adrian Viman is developing a franchised network of Clever Fit gyms, a business that started in Germany.
Sportswear retailer GRID, owned by Romanian entrepreneurs Popa Nicolae and Bogdan Nania, has opened the second store of its Bucharest network, in Afi Cotroceni shopping centre, and thus reached 13 units on the domestic market.
Phoenicia hotel group, controlled by businessman Mohammad Murad, last year generated turnover worth RON95 million, 26% lower than in 2019, when the group’s turnover got close to RON130 million, according to ZF calculations based on Finance Ministry data.
CE Oltenia, an entity currently securing over 20% of Romania’s energy, this autumn awaits the first binding offers for the new generation portfolio it is trying to build by 2026.
The ranking of the 20 largest employers in the Romanian economy was dominated by retailers last year, in line with Confidas.ro data compiled by Ziarul Financiar.
The leu exchange rate is showing strengthening not depreciation and, unlike the floating exchange rate policies of Hungary, Czech Republic and Poland, Romania’s central bank (BNR) kept the exchange rate stable, governor Mugur Isarescu told a news conference called to present the latest inflation report on Monday.
Romania’s grain production could reach 34.16 million tons in the 2021 farming year, four times higher than in 2007, when the country joined the EU, says Cezar Gheorghe, founder of agribusiness service provider Casa de Trading a Fermierilor (Farmers’ Trading House) and grain trade expert and consultant of Clubul Fermierilor Romani farmer association.
Romania’s central bank has significantly revised its inflation forecast to 5.6% at the end of 2021, instead of the 4.1% estimated in May and to 3.4% in December 2022, 0.4% more, the report on inflation released on Monday says.
Vista Bank, the former Marfin Bank, owned by Greek-held Vardinogiannis group, has become the fifth bank on the Romanian market to introduce the instant inter-banking payment service, beside Banca Transilvania, CEC Bank, Libra Internet Bank and Banca Comerciala Romana.
ibis Bucharest Politehnica hotel, developed by Ionut Cosmin Fleancu and Dan George Dobre, two Romanians jointly owning Novum Business Services company, has been officially opened, being part of the second-generation ibis hotels in Romania and the first to open in Bucharest.
Law firm CMS Romania will be one of the tenants of the One Tower office building, joining McCann Workgroup Romania, real estate consultant CBRE, Sanador and the Element group, developer One United Properties announced.
Vodafone Romania has expanded its mobile network with more than 700 4G base stations in the past year, connecting about 150,000 users in 158 rural towns to mobile voice and data services.
Rompetrol Rafinare (RRC.RO), the operator of the Petromidia Navodari and Vega Ploiesti refineries, part of Kazakhstan’s KMG International Group, will reduce its share capital by RON1.75 billion to RON2.6 billion so that the December 31, 2020 book value of its shares is equal to their nominal value.
Portland Trust, one of the most powerful real estate developers in Romania, sold the largest photovoltaic park under development in the country, with an authorized capacity of 153 MW and a total area of more than 165 hectares in Baltesti, Arges, to Econergy and Nofar Energy.
Romania’s trade balance posted a deficit of EUR10.6 billion in January-June 2021, higher by EUR1.97 billion compared with the same period of 2020, data from the country’s statistics board (INS) show.
The world’s 20 top brands in 2020 are jointly valued at $1,575 billion, in line with an Interbrand consultancy ranking. All these brands are in one way or another present in Romania.
Energy transition will bring an investment wave and solution providers will be best positioned to gain from this huge opportunity. However, worker shortage can turn into a nationwide snag, believes Frank Hajdinjak, one of the longest serving local expats, who ran E.ON Romania for 15 years.
Cluj and Timisoara airports saw growth of up to 130% in traffic in July compared with the year-ago month, partly because of the higher number of charter flights, which accounted for 16% of the total last month.
Almost 34,000 workers have left the car wiring system industry over the last four years, but they have been rapidly absorbed by other car industry companies, say recruiters, which are still coping with a candidate shortage.
Sales of beer dropped slightly by 2.3% in Romania last year, amid the COVID-19 pandemic that either had on-trade locations closed or comply with certain restrictions to operate for most of 2020, a report by market research company Euromonitor shows.19043 items