Romania Feed
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ZF English - 06:58 Aug 05, 2021
One in ten tourism employees left the industry in 2020, so that the domestic hospitality market had just 165,000 workers last year, in line with ZF calculations based on Trade Registry data. -
ZF English - 06:00 Aug 05, 2021
Damen Galati shipyard, one of the largest in Romania, posted 70% higher revenue year-on-year, RON806 million in 2020, Finance Ministry data show. -
ZF English - 06:00 Aug 05, 2021
Sanitary ware manufacturer Cersanit Romania, held by Poland’s Rovese group, ended last year with 603 employees, 117 fewer than in 2019, Finance Ministry data show. -
ZF English - 06:00 Aug 05, 2021
The assets and liabilities of insurance companies increased by 9% to 10% in the first quarter of 2021 compared with the year-ago period, a Financial Supervisory Authority (ASF) report shows. -
ZF English - 17:46 Aug 04, 2021
Nordis Mamaia 5***** last weekend inaugurated its new seaside hotel, with a lobby, coffee shop and shopping gallery of more than 1,500 square meters. -
ZF English - 13:58 Aug 04, 2021
Romania’s Competition Council is looking into the transaction whereby Banca Transilvania, the largest lender in Romania, acquired in early June 2021, for EUR43 million, the entire ownership stake held by Poland’s Getin Holding in Idea Bank. -
ZF English - 13:53 Aug 04, 2021
Turkish-held Karsan Otomotiv Sanayi Ve Ticaret A.S. signed a contract worth RON136.4 million (EUR27.3 million), VAT not included, with Timisoara city hall for the delivery of 44 KRS 18 EV electric business, but also for the building of 15 rapid charging stations and 44 slow charging ones. -
ZF English - 13:12 Aug 04, 2021
BRD Groupe Societe Generale and Garanti BBVA Romania have granted a loan of EUR120 million to the company NE Property BV, entirely held by NEPI Rockcastle. -
ZF English - 11:54 Aug 04, 2021
Furniture maker Spectralcom based in Barlad (Vaslui County), held by entrepreneur Andrei Dodita, said it took over the name of Spectral Mobila, the brand under which it sells its own products, and also switched from the status of limited liability company to joint-stock company. -
ZF English - 11:22 Aug 04, 2021
Romanian company Certion Property Developers seeks to develop four premium residential projects in the Black Sea resort of Neptun-Olimp, whose total investment exceeds EUR45 million, over a four-year period. -
ZF English - 10:58 Aug 04, 2021
Companies owning retail parks in Romania saw their turnover slide by just 9.5% in 2020, compared with a 20.6% decline for shopping malls, per a report by real estate consulting firm Cushman & Wakefield Echinox, which considered the financial results of over 60 modern retail projects. -
ZF English - 09:30 Aug 04, 2021
Romanians used medical drugs worth RON19 billion (EUR3.9 billion), at wholesale prices, in the period July 2020-June 2021, 10.6% more than in the year-earlier period, Cegedim research showed Wednesday. -
ZF English - 09:02 Aug 04, 2021
Law firm PeliPartners has assisted Malta-based boutique investment fund manager Adventum Quartum, part of Adventum Group, in acquiring Hermes Business Campus office complex in northern Bucharest, from Belgian real estate developer Atenor Group. -
ZF English - 08:08 Aug 04, 2021
Retail sales in Romania, excluding vehicle sales, grew 3.2% on the month in June 2021 and by 0.1% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Wednesday. -
ZF English - 08:08 Aug 04, 2021
Iasi, Brasov and Constanta are among Romania’s top economically developed cities where rental prices have gone up in the past year, while in Bucharest, Cluj-Napoca and Timisoara rental prices took some steps back on the year in the second quarter of 2021, per a survey by Analize imobiliare and Imobiliare.ro. -
ZF English - 07:31 Aug 04, 2021
Carrefour reshuffled its Romanian network in the first half of 2021 and has only 353 stores left, 16 fewer than at the end of 2020. However, its hypermarket format is the only one left with more units. -
ZF English - 07:21 Aug 04, 2021
Low employee turnover and long-term employee retention are two of the advantages quoted by Miguel Angel Escobar Conde, senior vice president of European Finance for American Pan, which owns a baking pan plant in Alexandria, Teleorman County. -
ZF English - 06:00 Aug 04, 2021
The online gambling and sports betting market in Romania surged 90% to more than EUR500 million in 2020, data cited by industry leader Superbet show. -
ZF English - 06:00 Aug 04, 2021
Romania was and still is one of the most important footwear manufacturers of Europe, but exports shrank a lot in 2019 and especially in 2020. -
ZF English - 06:00 Aug 04, 2021
Romania’s ice cream production decreased by more than 17% to merely 34.02 million liters last year from 41.36 million liters in 2019, Eurostat data show. The country was behind Finland and Lithuania, which made 45.19 million liters and 46.79 million liters.