Romania Feed

Pharmaceutical distributor Farmaceutica Remedia Deva (RMAH.RO) said Wednesday it ended 2020 with a turnover of RON442 million, down 1% on the year, and a net profit of RON38 million, 15-fold higher than RON2.4 million in 2019, per stock market data.

Bacau-based PVC trim, window rolling shades and garage door manufacturer Electric Plus set out to boost exports in 2021.

Romania ranks 14th in the European Union regarding new car registrations in January 2021, with 6,004 units, 51.9% fewer than in January 2020, data from the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.

Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past five years.

Shares of Romanian construction materials producer TeraPlast (TRP.RO) grew 6.25% on the day on the Bucharest Stock Exchange Tuesday, to RON0.578 per share, and the company's capitalization thus exceeded the RON1 billion mark.

Skanska, the biggest office developer in Europe, reports the achievements of 2020 in Romania: selling Campus 6.2 and 6.3 projects, leasing over 5,500 sqm, obtaining WELL Health & Safety Rating certification for Equilibrium 1 and Campus 6.2 projects – that  are becoming thus the first office buildings in Romania that managed to obtain this certification, […]

The National Institute for Research and Development in Informatics (ICI) and selfd.id, the first integrated decentralized digital identity platform in Romania, announce a partnership to accelerate the national public system’s digitization process  to alignment to European requirements towards the development and adoption of secure electronic public identification (e-ID)   Through this partnership, the selfd.id platform […]

Grampet Group, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, owned by Gruia Stoica, has bought the land hosting its Debreceni Vagongyár factory in Hungary and will invest EUR14 million in the next five years to modernize the factory.

Colosseum Mall signed with the German retailer DEICHMANN to open a 500 s qm store, as part of the current expansion plan of the commercial center.   The leader of the EU footwear market, with a network of over 100 stores across Romania, DEICHMANN comes one step closer to the community of North-West Bucharest, in […]

The Black Sea Trade and Development Bank (BSTDB) has extended a EUR 50 million loan to One United Tower S.A. to facilitate the development of business infrastructure in Romania.   The purpose of the BSTDB loan is to finance the development costs of “One Tower”, a green office building making  part of the newly developed […]

Staff turnover in Romanian companies decreased significantly last year to an average rate of 17.2%, from 23.1% in 2019, amid the economic uncertainties brought by the Covid-19 pandemic, according to PwC Romania’s HR Barometer report. Of that 17.2%, the majority (13.2% of total staff) were voluntary terminations. The Retail and FMCG sector recorded the highest […]

Romania should make a priority out of attracting higher volumes of foreign direct investment, by raising its absorption capacity and developing medium and long-term strategies considering the economic reality, the Foreign Investors Council (FIC) said Tuesday.

Romanians opted for job security in 2020 and staff turnover in Romanian companies decreased to an average rate of 17.2%, from 23.1% in 2019, amid the economic uncertainties brought by the Covid-19 pandemic, PwC Romania’s HR Barometer report showed Tuesday.

Sometimes life circumstances demand you to assess your financial situation, and you may decide to go for a title loan to cover an unexpected expense. Although this type of loan comes with high-interest rates and often requires you to comply in the short term, some people choose them because they don’t consider the applicant’s credit […]

The pandemic started quickly and unexpected and made 2020 a very challenging year. We had to adapt in a very short period of time and now we are facing a new normal in the retail sector, said Irinel Popescu, Retail Director of Metro Cash & Carry Romania, at Re:Focus on Ecommerce, Retail & Logistic 2021 […]

Czech logistics developer and owner P3 transacted over 220,000 square meters of storage and office spaces in Romania in 2020, better than it initially expected.

Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growth in the fourth quarter of 2020.

Last year marked important milestones for the entire banking sector, raising new obstacles as well as new opportunities. In this context, ING Bank Romania CEO Mihaela Bitu and her management team have had to adjust their leadership style and stay as close to their employees as possible. By Anda Sebesi   “Looking back at the […]

One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the Black Sea Trade and Development Bank (BSTDB), which will be used to finalize the investment and refinance the previous construction costs of the One Tower office building.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Tuesday informed its shareholders and investors that it had placed with lender CEC BANK a deposit in the amount of RON80 million, maturing on February 15, 2022 and with an interest rate of 1.70% per year.