Romania Feed

Romania's government has set a cap on the country's public debt at 55% of gross domestic product for 2021 under EU methodology.

Online retailer and manufacturer of mobile phones and gadgets iHUNT (HUNT.RO) on Friday listed its first corporate bond issue on the Bucharest Stock Exchange under the ticker symbol HUNT23.

Parcel delivery company Sameday held by online retailer eMAG, last year saw its revenue double both because of the rise in online commerce and because of the investments it has made in the last few years.

Baneasa Shopping City, the mall in northern Bucharest operated by Baneasa Developments, plans to stay fully rented in 2021 and has adjusted the way it calculates rents accordingly, by lowering them.

Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth projection of 4.3%.

Video games developer Firebyte Games held by Cluj-based brokerage firm BRK is starting its private placement on Monday, February 15, to raise funds for development from investors, after which it will go public on the Bucharest Stock Exchange, the company officials say.

Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Friday.

International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative outlook and Viability Rating (VR) at 'bb-', per data on the agency’s website.

Agroland Business System, a company that owns the most extended chain of farming product stores in Romania, held by businessman Horia Cardos, has summoned the extraordinary general meeting of shareholders to approve the transformation of Agroland Agribusiness from a limited liability company into a joint-stock company, per a stock market report.

Norway’s VARD Group, one of the major global designers and shipbuilders of specialized vessels, will integrate the shipyards in Braila and Tulcea into a single administrative entity, starting June 30, 2021.

Romania’s private medical services market reported an increase of 18% in turnover on the year to nearly RON14 billion in 2019, and a surge of nearly 330% compared with 2010, per a Keysfin survey.

In a comprehensive report on trends in e-commerce noticed throughout 2020, www.glami.ro the first online fashion search engine in Romania, identified AI (artificial intelligence) as one of the main triggers for fashion e-commerce  innovation in 2021. More than ever before, e-shops are willing to invest in machine learning and AI tools meant to cut losses […]

Digital Stack, the division of the Informal School of IT group, destined for the alternative education segment in the B2B sphere, relies on a return of companies’ investments in staff training in the context in which companies used only 20 % of the amounts they budgeted, focusing strictly on IT and digitization courses related to […]

The new definition of the relevant geographical market considered by the Romanian Competition Council might have a significant impact on the future acquisitions / consolidations on the Romanian pharma retail market. By Silviu Vasile (Senior Associate, Filip & Company)   At the end of 2020, the Romanian Competition Council published its perspective on the amendment of […]

The Globalworth Foundation inaugurates the first Hi-Tech Centre for future architects, within the “Ion Mincu” University of Architecture and Urbanism, Bucharest. Through this modernization and endowment project, with a value of up to 240,000 euros, the foundation aims to bring the prestigious university to a competitive European level from all perspectives: research, design and education. […]

Retailer Profi, held by investment fund Mid Europa Partners, opened Thursday in western city of Timisoara, the first two pilot stores called ProfiGo, which combine the functionalities of a proximity store with those of a convenience store.

The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5% of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, reveals Colliers in its latest […]

Romania's finance ministry on Wednesday raised EUR936 million from the local market, versus its EUR200 million target, selling a new issue of treasury bonds maturing in August 2026 at an average yield of 0.65%, central bank data showed.

Romania's finance ministry on Thursday raised 936 million lei (EUR192 million), versus its RON200 million target, selling a new issue of treasury bonds maturing in August 2026 at an average yield of 0.65%, central bank data showed.

Romania's finance ministry on Wednesday raised EUR309.7 million from the local market selling treasury bonds maturing in December 2023 at an average yield of 0.09%, central bank data showed.