Romania Feed

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON78.2 billion at the end of January, RON3 billion higher compared with the end of 2020, financial regulator data showed.

Romanian construction material producer TeraPlast said Monday it will close the sale of its steel division to Kingspan Group on February 26 after clearing the last competition hurdle.

Romania's current account balance posted a deficit of EUR10.98 billion in 2020, compared with a deficit of EUR10.48 billion in 2019, central bank data showed Monday.

Startup Milluu, which developed a home renting app, seeks to raise EUR785,000 in a new financing round to fund growth on the local market and expand its property management services to Poland.

Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) on Monday reported a net profit of RON6.15 million for 2020, nearly ten times higher compared with 2019.

Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, seeks to raise RON5 million from investors and/or by contracting credit facilities to fund development in Romania, Bulgaria and access new markets.

The Cubix hotel in Brasov, central Romania, will join the Mercure network under a franchise agreement with French group Accor.

Keeping communication infrastructures running smoothly was one of the most challenging operations of 2020. Romania did very well in this sense, as the huge number of people working from home encountered no issues with their data usage or voice calls. One major external acknowledgement of this fact was the CTO of the Year 2020 award, […]

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Monday reported a net profit of RON114 million for 2020, up 18% on the year.

Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, has budgeted EUR257 million revenue for 2021, an increase of more than 13% on the EUR227 million of 2020.

Nine office space projects, with at least 9,000 square meters each, will be delivered in 2021, real estate consultants say. The largest building to be delivered this year will be the first phase of the One Cotroceni Park and inauguration will take place one year from the inauguration of the new subway to Drumul Taberei.

Online commerce, which has been on the rise in the last few years, surged last year as the pandemic made people order and buy more products over the Internet. The parcel delivery industry, one of the winners of this crisis had to cope with high volumes last year, which led to significant rise in revenue.

February is an opportunity for brands to promote their products or services with various holiday promotions, whether it’s Valentine’s Day or Dragobete. Reveal Marketing Research conducted a study that analyzed the impact of these campaigns on the Romanian public, as well as what kind of approach is more appreciated: the emphasis on local or international […]

Continuing its mission to encourage a responsible lifestyle, Auchan Romania becomes the first local retailer to implement a comprehensive social responsibility project focused on the circular economy of clothing, a project already taking place in Western countries. Thus, in addition to the clothing collections already present in Auchan hypermarkets, the retailer begins to also integrate […]

PPF Real Estate, one of the largest developers and investors with real estate assets exceeding 2 billion euros globally, announces six new leases, totaling 6,000 sqm of office space, in the A + class office buildings in Bucharest – Metropolis Center and Crystal Tower. The new tenants, Ceetrus Romania, Editec and Reckitt Benckiser, occupy almost […]

The Romanian insurance market reached in 2020 a volume of gross written premiums of RON 11.5 billion, increasing by 5% compared to the previous year.   Last year, in the general insurance segment, the value of gross written premiums reached RON 9.28 billion, an increase of 6% compared to 2019. At the same time, gross […]

CTP, CEE’s largest logistics property developer announces 15% annual growth to reach €344 million of annualised rental income[1] by the end of 2020. With a portfolio of 6.3 million m² and 740 thousand m² under construction at year end 2020, CTP solidified its position as the largest logistics property owner and developer based on GLA […]

Datacor, the Romanian integrator of intelligent communications and infrastructure solutions, aims to offer more sustainable and energy efficient solutions for data centers in 2021 and to encourage companies to align with new technologies for cooling solutions.   “Lately, more and more attention is being given to reducing electricity consumption. Many companies wish to comply with […]

Romania's financial supervisory authority has registered the securities related to the share capital increase of MedLife (M.RO), the leader of the private medical services market in Romania, the company said Friday.

The pharmaceutical market in Romania grew 1.3% in 2020, to RON18 billion (EUR3.7 billion), while medication sales in volume stood 625 million packs, the same as in 2019, Cegedim research showed Friday.