Romania Feed

SIF Oltenia (SIF5.RO) has offered two options for the RON37,5 million profit of 2021, the company said in a report to the Bucharest Stock Exchange.

WIP Industries Romania, a supplier of components for the furniture industry, is investing nearly EUR36 million (RON180.3 million), of which EUR17.9 million represents state aid, in a center for the production of furniture components that will be located in the industrial park in Campia Turzii (Cluj County).

Real estate developer Hagag Development Europe continues its ambitious expansion plans in Romania by adding a new investment to its assets portfolio. The company has recently purchased an office building located on 5-7 Vasile Lascar street, 400 meters away from Bucharest’s KM 0 area.   The building covers a surface of ​​more than 1,000 square […]

Romania’s Finance Ministry continues the FIDELIS government bond issue for retail investors and launches on the Bucharest Stock Exchange the first issue in 2022.

Romanian companies are mainly concerned about the unfavorable evolution of general costs, amid rising prices of energy and raw materials internationally, about the workforce shortages and the geopolitical context, in line with the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in Romania at end-2021.

Romania's finance ministry on Thursday (March 17) raised RON1.19 billion, selling bonds maturing in October 2027 and December 2022, at annual average yields of 6.03% and 4.25%, respectively.

Ozan Tuncer has taken over the position of Chief Executive Officer (CEO) of Cosmopolis, the largest residential project in Romania built after 1989, with over 14,000 inhabitants.

Real estate developer Hagag Development Europe, part of Hagag Group of Israel, continues its expansion plans in Romania and acquires an old office building located on 5-7 Vasile Lascar Street, near Rosetti Square and University Square in capital city Bucharest.

Tudor Iuga, Senior Consultant Industrial & Logistics Services at CBRE Romania, was a speaker in the second panel of BR’s recent event – re:FOCUS on eCommerce, Retail & Logistics, dedicated to Retail & Logistics, where he shared valuable market insights into the industrial & logistics spaces sector. By Mihai Cristea & Deniza Cristian   Do omnichannel […]

During Business Review’s recent re:FOCUS on eCommerce, Retail & Logistics 2022, Jarosław Śliwa, CEO Cargus Romania, explored, together with his co-panelists, the future of the courier industry, in which innovative and paper-free online shopping and delivery solutions will be commonplace thanks to the efforts that are being made today, such as developing the first solution for […]

IMMOFINANZ presents its new residential brand On Top Living at MIPIM, the world’s biggest real estate fair in Cannes. Under this brand, IMMOFINANZ will provide its tenants with up to 12,000 smart and sustainable apartments at affordable prices in the medium term. This complements the company’s portfolio with another strong brand, after its successes with […]

IMMOFINANZ is consistently expanding its leading role as Europe’s largest retail park operator as part of its growth strategy. The number of STOP SHOPs will be increased by roughly 40% to 140 locations by 2024 based on selective acquisitions and new openings. In doing so, the company will also focus on Italy, where ten new […]

IMMOFINANZ, one of the most important companies active on the Romanian real estate market, announces the signing of a ten-year lease agreement with the retailer Profi. The contract applies to workspaces located on an area of over 4,000 square meters, equivalent to four floors of the Baneasa Airport Tower building.   “The deal comes on […]

German automotive parts supplier Continental has invested roughly EUR150 million in Romania in 2021, continuing the steps taken in the last years, during which time it has invested in high-end equipment and new technologies for the automotive sector.

Carrefour Romania strengthens its Property and Expansion teams, in the context in which supporting its physical footprint remains a strategic objective in 2022, as a pillar for its omnichannel model.   As such, the two departments are headed by Mihai Tomescu, as Hypermarket Expansion Director and Bogdan Jigman, Property & Expansion Director for the Market, […]

Starting with mid-March, controls on economic operators will be intensified, according to the National Agency for Fiscal Administration (ANAF). A joint campaign will be conducted with the control bodies of the Territorial Labor Inspectorate (ITM) to identify companies breaking the law. The undeclared work is the main target of the authorities, a phenomenon that affects […]

Paolo Gentiloni, European Commissioner for Economy, and David Rowan, a technology expert, former editor-in-chief of Wired magazine and author of the global best-seller No-Bullshit Innovation, will attend the Romanian Business & Investment Roundtable Conference, organized by the Economist Impact Events in partnership with official representatives Hazlis & Rivas and Oxygen, and Business Review as online […]

Carrefour Romania has appointed two new executives for its Property and Expansion Departments, considering that supporting the company's physical footprint remains a strategic objective in 2022 too, as a pillar of the omnichannel model.

According to EY Romania CFO Imperative study, the current role of Romanian CFOs today is more oriented on protecting value and optimizing value (38%) and less on growing value (24%), while the future ideal state shifts the focus of the Finance leaders towards the growing value activities (40%) and less on protecting the value (22%), […]

Banca Transilvania, Romania’s largest lender by assets, has revised the country’s economic growth forecast to 3.5% in 2022, from a previous projection of 5.1%, and the gross domestic product (GDP) is expected to reach EUR265 billion from EUR240 billion in 2021, in line with updated macroeconomic forecasts.