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Romania’s economy may see an annual average growth of 2.5% between 2020 and 2022, backed by a 6.7% increase in productive investments, against the backdrop of a favorable evolution in 2019, real financing costs staying at a reduced level and implementing the programs launched by the European Union for 2021-2027, Andrei Radulescu, macroeconomic analysis director with Banca Transilvania, said in an analysis.
The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alone.
Romania's biggest online retailer eMAG is expanding its Genius delivery service to Craiova, Ploiesti, Galati, Braila, Sibiu, Pitesti and Buzau, the retailer said Tuesday.
December was the fourth consecutive month of growth in new vehicle registrations in Romania, although the market registered an overall contraction of 22.6% for the full year, data from the country's Automotive Manufacturers and Importers Association (APIA) showed Tuesday.
DRUID, a local startup specialized in developing chatbots, has attracted new financing totaling $2.5 million in a financing round led by investment fund GapMinder with $2.2 million.
The office market in Romania contracted 36% in 2002 from a record level of 470,000 square meters registered in 2019, to just 300,000 sqm, real estate consultancy company JLL Romania said in a report Tuesday.
Retailer Profi, held by Mid Europa Partners, plans accelerated development in the next years, targeting over 2,000 stores by 2024.
Four companies in Romania produce RON50 million worth of escargot, with 270 employees.
Investment vehicle ROCA X has signed a deal investing EUR150,000 in local virtual mobile operator Benefito Mobile, which plans to launch a prepaid card for mobile telecom services which users can recharge when purchasing products and services from partner companies.
German manufacturer of automotive cable harnesses and electrical systems Kromberg & Schuber has leased 2,000 square meters of office space in the Vox Technology Park project in Timisoara.
Romania's gross domestic product fell 5.7% on the year in both nominal and real terms in the third quarter, a second reading from the country's statistics board showed Tuesday.
Rompetrol Well Services (PTR.RO) said Monday in a stock market report that KMG International, which owns 73% of its share capital, requested that issues regarding the dividend policy be included in the shareholders’ agenda of January 28/29.
Romanian electricity distribution company E-Distributie Banat, part of Italian utility group Enel, invested RON127 million in digitizing and modernizing the power grids in western counties of Arad, Timis, Caras Severin and Hunedoara, in 2020.
Romania's finance ministry on Monday raised 681 million lei (EUR139.8 million), versus its RON600 million target, selling bonds maturing in January 2028 at an average yield of 2.74%, central bank data showed.
Restart Energy, a local independent supplier of electricity and natural gas, entered a joint venture with Interlink Capital Strategies, a U.S.-based financial consulting and fund management firm, to develop $500 million worth of energy projects in Romania and neighboring countries.
Corrugated cardboard and toilet paper producer Vrancart Adjud (VNC.RO), owned by SIF Banat-Crisana and Paval Holding, announced Monday it was selected for Ron40 million state aid to invest in a recycling project.
The mergers & acquisitions market in Romania was stable in 2020, with 91 transactions, compared with 110 in 2019, Deloitte said in a report Monday.
Over 650,000 square meters of warehousing space was traded in Romania in 2020, 38% more than in 2019, industrial brokerage firm Dunwell said in a market report Monday.
At least six new DIY stores should open in Romania in the next two years. They will be part of the Leroy Merlin, Hornbach and MAM Bricolaj, data centralized by ZF from the announcements of the retailers show.
Romanian coffee shop chain 5 to Go, founded in 2015 by two local entrepreneurs, ended 2020 with over 220 units locally and plans to continue expansion in the following years, said co-founder Radu Savopol.19015 items