Romania Feed

Romania's finance ministry on Monday rejected all bids at a tender for bonds maturing in January 2028 in which it planned to raise 500 million lei (EUR102.5 million), central bank data showed.

For the ecommerce, especially the fashion sector, 2020 meant an explosion in sales. Official figures show that the ecommerce market in 2020 amounted to EUR 5.6 billion, a 30 percent increase compared to 2019, said Raluca Radu, Country Manager of Answear Romania at Re:Focus on eCommerce Retail & Logistics 2021 event, organized by Business Review. […]

Restart Energy, an independent electricity and natural gas supplier on the local market, seeks to invest approximately $30 million in developing a solar project of 45 megawatts (MW) in Sarmasag locality in Salaj County.

CTP B.V. raised EUR 500 million with their third green bond issue on February 18th 2021, increasing the total raised from Green Bonds to EUR 1.55 billion since their inaugural issuance in September 2020. CTP, one of Europe’s top-five logistics property companies, continues to gain strong traction in the European bond markets since their debut […]

Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, Delgaz Grid, plans to invest nearly RON1 billion by 2023, in upgrading local networks, of which RON7.7 million from EU funds.

The Enel Group joined the Equal by 30 Campaign, a public commitment by public and private sector organizations to work towards equal pay, equal leadership, and equal opportunities for women in the clean energy sector by 2030. With diversity and inclusion as two keystone elements of the Open Power approach, Enel is working to create […]

eMAG, the largest online retailer in Romania, seeks to develop an industrial park in Joita locality (Giurgiu County), where it is building a logistics hub of 130,000 square meters, following an investment of EUR90 million.

Registrations are now open for the third edition of the Innovators for Children program, welcoming innovative projects and solutions, dedicated to raising the quality of life for Romanian children. The accelerator is an initiative launched in 2019 by Impact Hub Bucharest. For this year’s edition, Impact Hub Basel and the Botnar Foundation will be supporting […]

When the pandemic hit, the commercial sector was affected. For a company like Zacaria, that provides industrial parks, the reduced activity of commercial was compensated by the increased activity of couriers, said Jonathan Diamantino, CEO Zacaria Group at Re:Focus on eCommerce Retail & Logistics 2021 event, organized by Business Review. „2020 was an interesting year. […]

XXXLutz has leased 6.000 sqm in WDP’s A-class warehouse in Dragomiresti, North-West of Bucharest’s RingRoad, space that will optimise the supply of its stores XXXLutz Militari and Pallady. The transaction was brokered by Dunwell, the only real estate agency in Romania specialised exclusively on industrial. “We have went through an extensive rebrading process during these […]

Romania manufactured 38,431 passenger cars in January, 10.7% fewer compared with January 2020, data from the country's carmakers association ACAROM showed Monday.

Austrian furniture and home decor retailer XXXLutz has leased 6,000 square meters of storage in the logistical park developed by WDP in Dragomiresti, northwest of Bucharest.

Vlad Ardeleanu, the CEO of Medima Health, had a challenging but exciting 2020, a year when he embarked on a new entrepreneurial project together with Professor Gheorghe Iana and developed the Medima Health concept, which has the potential to generate positive change and bring added value to the medical imaging services industry. By Anda Sebesi […]

Romanian state-owned gas natural transmission company Transgaz (TGN.RO) said Monday it has terminated the legacy contract for gas transmission through the T3 transit pipeline on the territory of Romania to third countries, concluded with Gazprom Export LLC.

Romanian industrial equipment maker Comelf Bistrita (CMF.RO) on Monday reported a net profit of RON2.7 million for 2020, up 3% on the year.

Organic fertilizer producer Norofert Group (NRF.RO), plans to acquire a 1,000-hectare farm in Zimnicea, Teleorman county, for RON9.5 million, the company said Monday.

The Romanian government has many budget expenditures to be funded (support for entrepreneurs affected by the pandemic, education and health measures in the context of Covid-19), so a debate is needed on the solutions needed in the short and medium term to increase budget revenues. Four economic and fiscal solutions could be take in consideration […]

Shares of Bittnet Systems (BNET.RO), a local integrator of IT&C solutions, will be included in the FTSE Global Micro Cap and FTSE Total-Cap indices as of March 22, following the latest semi-annual revision of the FTSE Russell indices, the Bucharest Stock Exchange announced Monday.

Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while solvency stands at more than 23%, Romania’s central bank data show.

Sibiu-based builder CON-A of entrepreneur Mircea Bulboaca ended 2020 with EUR101 million revenue, the corporate website says. This is 13% higher than in 2019 and is the first growth after two years of decline.