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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.
Romania had 1.249 million public sector employees at the end of 2020, with nearly 9,000 hired in the last two months of the year, finance ministry data showed.
Most Romanians prefer to buy dairy products from supermarket and hypermarket chains, to the detriment of farmers' markets or convenience stores, a survey by Reveal Marketing Research showed Tuesday.
The fourth quarter of 2020 marked a spectacular return of the Bucharest residential market, with booming transaction activity, while residential developer activity increased compared with 2019, real estate consultancy company JLL said in a report Tuesday.
Elefant.ro, one of the largest online retailers in Romania, posted 30% higher sales of books last year compared with 2019, even though the overall market witnessed a slight decline.
The volume of new leu loans for consumers and companies rose to a 14-year high, RON68.5 billion in 2020. The volume of new loans in lei is double the level of ten years ago and 3.4% higher than in 2019.
Austrian-held real estate developer S Immo is considering buying the plot near The Mark office buildings it owns in the Buzesti area in Bucharest to expand complex.
Romania's trade balance posted a deficit of EUR18.38 billion in 2020, EUR1.08 billion higher compared with 2019, data from the country's statistics board showed Tuesday.
US-based Orion Innovation has entered into a definitive agreement to acquire Romanian software producer Tellence Technologies and will establish a research and development center in Bucharest, the company announced Monday.
Romania's finance ministry on Monday raised 951.4 million lei (EUR195 million), versus its RON600 million target, selling bonds maturing in September 2023 at an average yield of 1.99%, central bank data showed.
Mihnea Craciun has left the position of deputy director within the European Bank for Reconstruction and Development and takes over as managing director for the Romanian chapter of Endeavor, a global organization leading the high-impact entrepreneurship movement.
Romanian competition authorities on Monday approved state-owned hydropower producer Hidroelectrica's acquisition of Crucea Wind Farm SA and STEAG Energie Romania SRL from German energy group STEAG.
Office space transactions in Bucharest marked a recovery in the fourth quarter of 2020, reaching 77,000 square meters, data from real estate consulting company Cushman & Wakefield Echinox showed Monday.
Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the budget bill would be published in the upcoming days.
Around 240,000 square meters of office spaces were transacted in Bucharest in 2020, a similar level to 2015, as most companies postponed decisions and 60% of the total were relocations, real estate consulting company CBRE said in a report Monday.
Parcel delivery company DPD Romania, one of the largest on the local market, ended 2020 with more than EUR50 million revenue an increase of 30% on the about EUR35 million of 2019.
International Investment Bank (IIB), founded in 1970 in Budapest and 6.8% owned by Romania, reported a net profit of EUR7.3 million in 2020, up 28% from EUR5.6 million in 2019, the bank said in a market report.
Metal roofing manufacturer Bilka Steel seeks to end the year with more than RON1 billion revenue, after having come close to that level in 2020, owner Horatiu Tepes says.19438 items