Romania Feed

Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.   Other segments that can benefit from relatively stable demand […]

December saw a new record increase in the number and value of orders placed online in the stores managed through MerchantPro, the largest local eCommerce platform, by 83 percent and 99 percent respectively, compared to December 2019. The context remained unpredictable and increasingly directed customers to purchase online, gifts, but also food. The average order […]

Romania registered the second largest decline in house prices in the European Union in the third quarter of 2020, of 2.6%, compared with the second quarter of 2020, after Cyprus (-4.8%) and ahead of Italy (-2.5%) and Croatia (-0.6%), data from Eurostat, the statistical office of the European Union, showed Thursday.

Romania has farmers who are shouldering the task of creating a better climate context for the future generations by adapting their tillage and cultivation techniques and making the transition to conservation agriculture. Commoditrader, the digital trading platform for agricultural commodities, supports farmers in the transition process, rewarding them by selling carbon certificates on the international […]

The Board of Directors of TeraPlast SA, the parent-company of the TeraPlast Group, announced Thursday in a stock market the termination of the mandate of non-executive director of Razvan Stefan Lefter, effective January 13, 2021.

Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.

The value of ordered placed online in Romania touched a new record high in December 2020, soaring 99% compared with December 2019.

With online retail among the economic sectors recording positive effects in the Covid-19 pandemic context, TBI Bank and NETOPIA Payments, the most used Romanian online payment processor, have signed an agreement aimed to support merchants accelerate their business. Now, using TBI Bank’s leading digital SME financing solutions, small and medium merchants have the potential to […]

Bucharest general mayor Nicusor Dan said Thursday the city hall intends to acquire state-owned thermal power producer Electrocentrale Bucuresti (ELCEN), which is the capital city's heat supplier.

As part of Groupe Renault’s Renaulution strategy, Dacia unveiled Thursday its 5-year plan and presented the Bigster Concept, a 4.6 meters SUV.

Only 4.4 million passengers passed through the Otopeni (Henri Coanda) Airport in Bucharest in 2020, compared with almost 15 million in 2019. The decline therefore stood at 70%, reflecting the disastrous impact of the pandemic on the travel industry.

The road transportation industry suffered as a result of the pandemic, as well as due to the new European regulations in 2020. It dropped 13% to 43.6 billion lei compared with 2019, according to ZF estimates based on market data.

NN Pensii, the largest Pillar II pension fund in Romania, bought into Prosus, which owns eMAG, the largest online retailer in Romania, with 127 million lei and invested RON97 million in French payment processor Worldline, as well as RON92 million in Spanish pharmaceutical company Grifola in the third quarter of 2020 (July, August, September), its quarterly report shows.

ThoughtWorks, a global software consultancy company based in the US, announced Thursday it has acquired Gemini Solutions, a software development and consulting services firm whose development center is in Romania.

Romania's annual inflation rate stood at 2.1% in December 2002, the same as in November, and in line with the central bank's forecast, data from the country's statistics board showed Thursday.

The Board of Directors of Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) on Wednesday revoked Adrian Volintiru from the position of Chief Executive Officer of the company.

Pharmaceutical distributor Farmaceutica Remedia Deva (RMAH.RO) said Wednesday in a stock market report that Valentin Norbert Tarus, the company’s CEO and majority shareholder, and SC Tarus Media SRL, a company 51% held by Norbert Tarus and 49% by Ashton Monica Manuela, sold 10.6 million shares (10% of the share capital) on January 12, at RON0.6 per share, within deals worth RON6.4 million, per calculations by Ziarul Financiar.

Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) said Wednesday in a stock market report that it would receive a non-refundable grant of $1.3 million from US-TDA that aims to fund the cost of services required in connection with the delivery of technical assistance related to identifying and performing a preliminary assessment of new potential small and modular nuclear technologies (SMR) compatible nuclear sites in Romania.

ENGIE Romania, the largest player on the Romanian natural gas distribution and supply market, has completed the acquisition of a photovoltaic park, consisting of two farms, with a total installed capacity of 9.3 MW.

Confidence among private equity (PE) firms has hit its lowest level since the global financial crisis as a result of the COVID-19 pandemic, but deal-doers these days are more optimistic than they were during the 2008 crisis. By Claudiu Vrinceanu   Private equity specialists forecast a decline in market activity and worsening economic conditions given […]