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“The pandemic year” was one of the peaks of the current economic cycle regarding investments in commercial real estate assets, with a 37% growth versus 2019, up to nearly EUR900 million, and the market is expected to see a potential decline in 2021, because some buyers may put off investments, per a Colliers report on the real estate market in 2021.
The strategy adopted at the onset of the pandemic to boost production capacity for drugs in demand drove local pharmaceutical manufacturer Zentiva to third place among the largest pharmaceutical companies by sales in Romania, a report by market research company Cegedim shows.
French-held Decathlon group, the leader of the local sporting goods retail, plans to have more than 1 million bicycles assembled in Romania in 2021, compared with about 860,000 last year.
Fornetti Romania, one of the largest actors on the pastry market in the country, is looking at development opportunities through franchising especially in the big and medium-sized cities and in pedestrian areas in 2021.
Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the way for a planned EUR3 billion real estate project.
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, has had its reorganization plan approved by a syndic judge and seeks to return to trading.
Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading insolvency practice company, part of Impetum Group.
Germany’s REHAU has appointed a new country manager in Romania, Alexandru Oprea.
Romania's general consolidated budget posted a deficit of RON3.69 billion in January, or 0.33% of the gross domestic product, finance ministry data showed Wednesday.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reaching 1.70% a year on Wednesday (March 3).
Supermarket and convenience store chain Profi, held by buyout investor Mid Europa Partners, has promoted the company’s Chief Financial Officer (CFO), Dumitru Dragomir, to the position of vice-president, business efficiency manager.
German company AMF-Bruns will invest approximately EUR6.8 million in a factory located in Roman (Neamt County, eastern Romania), where it will produce laser parts and welded assemblies for mobility systems and for the automotive industry.
Home Delivery, the residential freight delivery unit of carrier Gebrüder Weiss, posted 85% increase in revenue in Romania year-on year in 2020. The number of shipments was 123% higher or more than 130,000.
Supermarket and convenience store chain Profi held by buyout investor Mid Europa Partners, opened 31 stores in the first two months of the year, 15 in January and 16 in February.
The performance of the banking sector depends on the performance of the economy, and they will be convergent, while the economic growth will be moderate in 2021 and have a positive effect on lending, says Francois Bloch, chief executive officer of BRD-SocGen.
Romanian lawmakers on Tuesday approved the country's 2021 state budget in the form proposed by the government, meaning a cash deficit target of 7.16% of the gross domestic product and frozen wages in the public sector.
Romanian software developer Life is Hard (LIH.RO) reported a net profit of RON1.12 million for 2020, down 21.13% compared with 2019.
Around 83% of Romanians are trying to set aside more money to adapt to pandemic-driven uncertainties, compared with a European average of 66.5%, a recent global survey by ING found.
Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and provider of training services in the IT sector, announced Tuesday on the stock market the early close of Stage 2 (private placement) of the capital increase operation with new cash contributions of RON491,645.
Romania's competition authority said Tuesday it was analyzing the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania.19438 items