Romania Feed

December brought an acceleration in the average price increase of old three-room apartments in Bucharest, so that the amount paid by buyers climbed to EUR103,900, a decade high, unparalleled since the first half of 2009, according to the calculations of the real estate consulting company SVN Romania.

Romanian paint and coatings manufacturer Sarcom, part of ROCA Industry, has appointed Laurenta Crudu to the position of Chief Executive Officer (CEO).

Romania's finance ministry on Thursday (Jan 6) raised RON710 million (EUR143.6 million) selling bonds maturing in 2029 and 2036, at annual average yields of 5.3% and 5.62%, respectively.

Societe Generale SA’s car leasing division ALD SA has agreed to buy Dutch rival LeasePlan for EUR4.9 billion ($5.5 billion) to give it more scale as the auto rental market goes electric, the French bank said on Thursday.

A true leader in the trade sector, Kaufland Romania was one of the laureates of the True Leaders Awards Gala organized by ICAP Romania and Business Review Magazine on December 14, 2021. In order to find out what went on behind the scenes of this success story, Business Review talked to Marco Hoessl, CEO Kaufland România & Republica Moldova […]

Sales engagement is the single most critical factor to sales productivity. Salespeople who are not engaged with their customers cannot sell effectively. So, how can sales leaders measure sales engagement? What is the best way to build a culture of high-performance selling in an organization? How can you ensure that your best salespeople are genuinely engaged […]

Nearly a quarter of young people between the ages of 18 and 24 worldwide, or about 325 million people, have lost their jobs or incomes due to the pandemic, with automation being the next threat over the medium and long term, reveals the “Reaching YES. Addressing the youth employment and skilling challenge” report by PwC, […]

The ten most active brokers on the Bucharest Stock Exchange in 2021 brokered transactions worth RON40.3 billion or a little over 93% of the total.

Visual Fan (ALW.RO), owner of the Allview brand, has received favorable approval from Romania’s Competition Council to become majority associate, with an ownership stake of 51%, in the company Intervision Trading RO SRL, the sole distributor in Central and Eastern Europe (CEE) of products under Japanese electronics brand AKAI.

Dentons, the world’s largest law firm, assisted a consortium of banks—Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank Romania and Banca Comerciala Romana— in financing the acquisition by Supernova Group of six prime shopping centers operating under Cora brand name from the Louis Delhaize Group.

Euro Vial Residence, one of the most important real estate developers active in Constanta’s regional real estate market, acquired at the end of last year a plot of land of 2,500 square meters located in Mamaia North, in a transaction of over EUR 1,5 million.   The land, located in the immediate vicinity of Sea […]

Real estate consultancy Colliers brokered the sale of the Class A Dacia One office project, developed by ATENOR, to Paval Holding, the owner of Dedeman, the largest local DIY retailer. The value of the deal is approximately EUR 50 million.   Located in the center of Bucharest, at the crossing between Calea Victoriei and Dacia […]

Real estate developer Euro Vial Residence has acquired a plot of land of 2,500 square meters located in the seaside resort of Mamaia Nord, in a transaction worth over EUR1.5 million, the company said in a statement.

The 15-year EUR90 million loan granted by the European Investment Bank (EIB) to Distribuie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group, represents the second part of EUR210 million EIB backing for EUR300 million of new ambitious energy infrastructure investment by Electrica Group.

People across the globe see national governments as primarily responsible for tackling climate change (54%), followed by the UN (40%), according to the results of a new Vodafone Institute survey conducted by Kantar, which included 17,000 people from 17 countries, including Romania. And digitalisation is considered by most to be a solution for achieving climate […]

New vehicle registrations in Romania fell by 4.1% in 2021 compared to 2020, but electric vehicles soared by 109.1% reaching a 15.5% market share, data from the Automotive Manufacturers and Importers Association (APIA) showed Thursday.

Egger Romania, part of the Austrian supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, in 2021 earmarked over EUR16 million for investments meant to improve technological processes at the plant of Radauti, Suceava county.

Retail turnover, the most important private consumption indicator, in the first 10 months of 2021 rose in gross series by 11.1% against the year-earlier period, with this being the second best performance after 2008, after the 13.5% increase of 2006.

Mihai Nica, co-founder of Tehmag, a company that sells industrial machines, says he plans to start production of Bielda industrial machines in Romania in 2023.

Romanian-held pharmaceutical products manufacturer Biofarm, the fifth largest player on this market by turnover, plans to add internally-developed products to its portfolio, especially as the company in 2021 opened a new production unit in Bucharest.