Romania's gross domestic product took an annual plunge of 10.2% in real terms in the second quarter, less than the previously estimated 10.5%, a second reading from the country’s statistics board showed Friday.
Romania's state-owned postal operator Posta Romana has concluded a financing agreement worth RON200 million with lender Eximbank, following a competitive procedure attended by several banks, according to information provided by Posta Romana representatives.
The Meron coffee shop chain, founded in 2015 by Bogdan Ciocian in Cluj Napoca, will be opening a new coffee shop, in central city of Brasov, on October 10, following an investment of over EUR100,000, reaching a 17-unit network in Romania.
Ropharma (RPH.RO), a pharmacy chain indirectly owned by entrepreneur Mihai Miron, ended the first half of 2020 with a consolidated net profit of RON147,800, 15-fold lower than the net result reported in the same period in 2019.
Continental Timisoara, the Romanian unit of German automotive parts supplier Continental, on Thursday said it will provide professional technological solutions for the ports of Hamburg in Germany and Koper in Slovenia, as part of an EU-funded project.
The Bucharest Stock Exchange (BVB) on Thursday informed investors that, on October 8, 2020, it was notified that the European Bank for Reconstruction and Development (EBRD) has fallen below the threshold of 5%, owning at present 4.997% of the share capital of BVB.
Real estate consulting firm CBRE has been selected to provide property management services for the Ethos House office building, located in Floreasca area in northern Bucharest.
Ana-Maria Voicu Domsa is the new Partner of EY Romania within the EMEIA Fiscal Center (EMEIA Tax Center) and will coordinate, together with other partners, indirect tax reporting and compliance team within the EMEIA Fiscal Center, EY Romania said in a press release Thursday.
TechAngels,a group of private investors supporting tech start-ups that invested EUR6 million in 2019, tripled its activity in the first nine months of 2020, attending over 60 presentations and pitches.
Farm and forestry equipment manufacturer IRUM held by the Oltean family in Reghin, expects growth of 10% in revenue this year from last year’s about 87 million lei (EUR18.4 million), according to the Finance Ministry website.
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report its total hydrocarbon production stood at 141,300 boe/day in the third quarter of 2020, compared with 150,300 boe/day in the same period last year and with 147,300 boe/day in the second quarter.
APX hotel group of Romanian investor Adrian Polec, which owns four hotels in Bucharest and the rest of the country, will open its fifth hotel, in Sibiu, next year.
Sales of large plots of farmland were forced to „thaw up” after a half-year hiatus with the coming of the fall, as Romanian farmers put up their land for sale, due to the drought that caused serious losses and the lack of capital to keep going, businesspeople in this sector say.
Flanco Retail, one of the largest players on the local electro-IT market, introduces the pick-up in store service across Romania, which entails the delivery of products ordered online in any store selected by the customer, across the company’s entire network.
The number of real estate deals in Romania stood at 48,568 in September 2020, 4,806 more than in August 2020, data from the national cadastre agency ANCPI showed Wednesday.
The Raul Doamnei - Eroilor section of the M5 metro line, inaugurated in September, will shorten travel time for 150,000 residents and almost 20,000 employees working in office buildings located in the Eroilor - Progresului – Politechnica areas, Cushman & Wakefield Echinox said Wednesday.
Romanian private airline Blue Air said Wednesday it canceled flights from Bacau airport scheduled for October 9-12, as the airport extended its closure period for modernization works.
Lion’s Head Investments, which owns the Oregon Park office project in Bucharest, has appointed Anca Simionescu, former development manager at Forte Partners, country manager for its Romanian operations.
Pharmaceutical giant GlaxoSmithKline, which has been operating in Romania for almost 30 years now, has decided to close its pharmaceutical representative office in the country.