Romania Feed
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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. -
ZF English - 13:41 Aug 03, 2021
Corsar Online, a company held by entrepreneur Tiberiu Pop, which has posted net losses in each of the past three years, with a peak of RON3.5 million in 2020, filed for insolvency on August 2, according to Bucharest Court of Law documents. -
ZF English - 13:32 Aug 03, 2021
Victor Capitanu and Andrei Liviu Diaconescu, the two founders of real estate developer One United Properties (ONE.RO), one of the leading players on the Romanian real estate market, on Tuesday announced in a stock market report that they acquired over 800,000 shares of the company, for a total price of over RON1.5 million. -
ZF English - 13:25 Aug 03, 2021
Dino Parc of Rasnov, the largest dinosaur themed park in south-eastern Europe, generated revenue worth RON5.4 million in the first half of 2021, close to the level in the first half of 2019, the park’s best year so far, when it reported RON5.5 million revenue. -
ZF English - 13:18 Aug 03, 2021
Payment solutions provider Payten, part of Asseco South Eastern Europe Group (ASEE Group), is carrying out a new strategic investment in eCommerce, by acquiring the majority stake in local software solutions provider ContentSpeed. -
ZF English - 11:57 Aug 03, 2021
Romania's unemployment rate stood at 3% at end-June 2021, lower by 0.06 percentage points than in May 2021 and the same as the rate recorded in June 2020, data from the country’s employment agency ANOFM showed Tuesday. -
ZF English - 11:23 Aug 03, 2021
The mergers and acquisitions (M&A) market in Romania totaled EUR1.8 billion in the first half of 2021, for 83 transactions announced, a PwC Romania analysis for Romania’s M&A market showed Tuesday. -
ZF English - 10:30 Aug 03, 2021
Sweden’s IKEA says the development of the store it is building near Timisoara will take 12 months, with variations depending on field work conditions. -
ZF English - 10:19 Aug 03, 2021
Established companies on the construction market, such as Concelex, Bog’Art or PORR, but also newer companies in the field, are reshuffling their strategies and betting more on public sector projects. -
ZF English - 09:53 Aug 03, 2021
New vehicle registrations in Romania grew 20.3% in July 2021 compared with July 2020, to 17,571 units, data from the Automotive Manufacturers and Importers Association (APIA) showed Tuesday. -
ZF English - 09:28 Aug 03, 2021
Real estate consulting firm CBRE Romania has assisted boutique investment fund manager Adventum, run by a Hungarian team of managers but officially based in Malta, in acquiring Hermes Business Campus office complex in northern Bucharest, held by Belgian real estate developer Atenor.