Romania Feed

Logistics and semiindustrial space developer VGP has bought land for the VGP Park Bucharest project in the north of the city.

The supply of houses is preparing for an increase, the high number of land deals lately shows.

OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON22 million in 2020, lower than in 2019 due to increased risk costs amid the Covid-19 pandemic.

The “year of the pandemic” turned out to be one of the peaks of the current economic cycle in terms of investments in commercial real estate assets, with a growth of 37% over 2019, to almost 900 million euro. 2021 may see a dip, as some buyers may remain on the sidelines amid a lack […]

Playermaker, a world leading company in football performance tracking and player development technology, is proud to announce the launch of a NEW personal wearable device that has the potential to transform any athlete’s boot into a connected footwear solution, providing elite-level development technology to consumers at an accessible price point, the ‘UNO by Playermaker’. Playermaker’s […]

Following several controversial discussions in the public and political area in the last week, generated by the proposal of the mayor general of Bucharest to suspend the zonal urbanism plans for five out of six districts of the Capital, the General Council of the Municipality of Bucharest decided at the meeting of Friday, 26 February […]

Starting with March 1, 2021, Dragoș Călin takes over the position of General Manager for the  Freight Forwarding Division of Delamode Romania and Moldova from Cosmin Rusu, who led this division for the last 9 years. Dragoș Călin takes over the position of General Manager after 12 years of top management at Kuehne + Nagel […]

The Golden Bear for best film at the 2021 Berlin International Film Festival went to the Romanian director Radu Jude’s Bad Luck Banging Or Loony Porn/ Babardeala cu bucluc sau porno balamuc.   The movie is a social satire and stars Katia Pascariu as a school teacher who finds her career and reputation on the line after […]

MedLife (M.RO), the leader of the private medical services market in Romania, said Friday it has completed the acquisition of the Veridia Medical Center in Bucharest, known as Basarab Medical Center.

The impact of the pandemic, felt more brutally in the case of small companies. Half of the managers claim that they have been affected by Covid-19, and business decline is twice as large as in the case of large companies.   Companies with a turnover of less than EUR 100,000 per year have felt more […]

The Romanian printer market increased by more than 36% in volume last year, driven by the surge in demand for home printers, following the shift to working from home.

Romanian apparel manufacturer Braiconf Braila (BRCR.RO) plans to relocate its factory in Braila and sell the factory's 10,000-square-meter land to retailer Kaufland for over EUR7 million.

Gherla (Cluj County) based furniture manufacturer Sortilemn posted RON154 million (EUR32 million) revenue in 2020, 6% lower than in 2019, largely due to the decline in orders during the lockdown, the company said.

Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported a consolidated net profit of RON388 million for 2020, 87.5% higher compared with 2019.

Romanian lawmakers have rejected a bill that sought to cap interest rates on mortgage and consumer loans to at most 50% above the central bank benchmark rate.

Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.

Restaurant group Sphera Franchise group, which holds the KFC, Pizza Hut and Taco Bell franchises in Romania, and is developing the KFC brand in the Republic of Moldova and Italy, saw its online orders rise during the pandemic. The sales channel gained ground in 2020 and accounted for a greater share of the business.

Overcoming the pandemic safely is the primary goal of REGINA MARIA Healthcare Network, which develops solutions in real time. Following the evolution of incidence rates among patients under 18 years of age and guided by international studies on children and adolescents who have overcome the acute stages of SARS-COV-2 infection, REGINA MARIA has designed a […]

The whole world is celebrating the birth of vaccinations against COVID-19. Achieving widespread vaccination also poses a new challenge to countries’ health systems. To deliver the vaccines, SAP offered custom-developed systems that had already made their successful debut in Germany in early January.   In order to achieve their large-scale immunization targets so that restrictions […]

Romania's finance ministry on Thursday raised 461 million lei (EUR94.5 million), above its RON400 million target, selling bonds maturing in June 2023 at an average yield of 2.24% a year, central bank data showed.