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The Mumuso fashion brand, present in over 3,500 stores in 30 countries, is opening its fourth mono-brand store in Romania in the ParkLake shopping center in Bucharest, owned by Sonae Sierra, a transaction brokered by real estate consulting company Cushman & Wakefield Echinox.
Young job seekers have become more active in the past year but less inclined to experiment with jobs that lack employment stability, recruitment website eJobs metrics showed.
Parcel delivery company Cargus posted growth of 20% in sales volume last year. Its investments in a warehouse, logistics and IT&C upgrades reached EUR11 million.
Hidroconstructia, one of the largest builders in Romania, ended 2020 with about EUR100 million revenue and has more than 70 contracts in progress in Romania and abroad.
French-held Saint-Gobain and Ireland’s CRH are among those in talks with Romanian entrepreneur Daniel Guzu over the acquisition of construction material manufacturer Duraziv, ZF has found.
The average net salary in Romania grew 6.1% in nominal terms and 5.7% in real terms in December 2020 compared with November, to 3,620 lei (around $900 EUR743), mainly due to end of year and holiday bonuses, data from the country's statistics board showed Thursday.
Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61 billion, per the 2021 state budget draft put up for public debate.
TeraPlast, the parent company of TeraPlast Group, said Wednesday in a stock market announcement that the Competition Council gave a favorable opinion regarding the sale of TeraPlast’s window profiles business line to Dynamic Selling Group – window profiles manufacturer and distributor.
BRD-SocGen approved 1,861 applications within the government-guaranteed IMM Invest program in 2020, with the value of financing reaching RON930 million, per data presented by François Bloch, CEO of BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets.
Liberty Steel Group, part of Sanjeev Gupta’s GFG Alliance, announced Wednesday it would appoint Prasanta Mishra as the interim General Manager of its Liberty Galati plant in Romania.
Property investments in Romania stood at nearly EUR900 million in 2020, accounting for 8.5% of the total investment volume in the six largest countries in Central and Eastern Europe, according to Collier's CEE Investment Scene Q1-Q4 2020 report.
Rondocarton, part of Austria’s Rondo Ganahl, the largest corrugated cardboard manufacturer in Romania, made EUR12.5 million investments last year, mainly in upgrading and automating its plants in Apahida, Cluj and Targoviste, Dambovita.
Czech online home deco retailer Bonami had sales of EUR10 million in Romania in 2020, nearly 60% higher than in 2019, driven by higher demand as people spent more time at home due to pandemic restrictions.
Romania’s exports rose 5.1% in December compared with the year-ago month, which shows the economy is slowly starting to recover.
Local pharmacy chain Tinos Farm will open two more pharmacies in the first half of 2021 to add to the 18 it already has in Bucharest and Ilfov, after having seen its revenue rise by 25% to RON47 million in 2020.
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, on Wednesday reported a net profit of RON951.5 million for 2020, down 37% on the year.
Coffee shop chain Captain Bean, founded six years ago in Cluj-Napoca, ended 2020 with a 17-unit network, of which ten opened in 2020 in franchise, countrywide. In 2021, the founders of the business target an accelerated growth rate and target 50 new units, both franchises and own units, expecting a turnover of RON5 million.
PPF Real Estate, a developer and investor with real estate assets of over EUR2 billion globally, held by Czech billionaire Petr Kellner, signed six new lease contracts for office buildings Metropolis Center and Crystal Tower.
Industrial park developer CTP is investing over EUR35 million in the construction of a new building within CTPark Bucharest West, and the new space will be rented out by Quehenberger Logistics, a firm that operates the logistics activity of Brico Depot Romania, a retailer held by Kingfisher Group.
The Bucharest Stock Exchange (BVB) kickstarted 2021 with all stock indices in positive territory, as the Romanian capital market posted significant growth that topped in one month the level achieved throughout 2020.19015 items