Romania Feed

The media market in Romania decreased by 2.7% on the year in 2020, to EUR467 million, but is seen growing 4% in 2021, to EUR485 million, backed mostly by media investments in digital and TV, according to the latest Media Fact Book report by media agency Initiative.

CMS Romania is pleased to announce that Andrei Tercu has been promoted to Tax Director as of January 2021. Andrei joined the CMS team 5 years ago and has 13 years’ professional experience in the tax field, previously working with a Big 4 firm and with another specialist consulting company. Horea Popescu, Managing Partner of […]

Romanian business software solutions provider Softelligence expects its revenue to grow by up to 30% in 2021 and to extend its team by at least 60 new employees to be recruited throughout the year.

A new study conducted by Coface Romania on the sector of “Retail with Pharmaceutical Products in Specialized Stores” (NACE 4773) indicates a positive evolution of revenues in 2019, which increased by approximately 8% compared to 2018, with a slightly higher profitability. The study aggregated the data of 3,999 companies that submitted their financial situation for […]

Social media has grown over the years. From only 5% of US adults in 2005 to 79% in 2019, we can see how social media shaped our society. Even on the global stage, the speed of growth is striking. Facebook has grown from only 1.5% of the world population in 2008 to 30% in 2018.  […]

Romanian seamless steel pipes manufacturer Tenaris Silcotub has completed the certification process for its new production line intended for the automotive industry.

Creating a brand might be the most important thing today when it comes to getting recognition. This can mean anything from a business to a social media following, but whatever it is, brands are the new logos and names that people associate with. If you take a second to think about it, you’re bombarded with […]

Romania has lowered its economic growth projection for 2021 to 4.3%, from a previous forecast of 4.5%, according to a forecast of the National Strategy and Prognosis Commission.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, plunged to 1.59% a year on Monday (Jan 18), after the country's central bank lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Jan 18, 2021.

Real estate consulting firm Cushman & Wakefield Echinox was appointed to provide property management services for the Floreasca Park office space project located in the Floreasca – Barbu Vacarescu area in northern Bucharest, the biggest business hub in capital Bucharest.

Turkish-owned real estate developer Opus Land will invest EUR29 million in the Cosmopolis project in 2021, approximately one third more than the investment carried out in 2020, according to SVN Romania, real estate consultant and the project agent.

The new year started with big orders of farm inputs, the budget scenario is optimistic, and growth should reach 20% in 2021, say the officials of integrated agricultural group Rodbun, whose operations include farm input wholesale and grain trade.

Retailer Pepco, the leader of the fashion retail market in Romania by sales, ended 2020 with a sales growth of 4%, mostly because of expansion.

OMV Petrom, the largest energy company in Southeastern Europe, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The first drilling operations started at the end of December 2020 and the drilling of the second well will start at the beginning of 2021. The investment for this campaign amount to nearly EUR32 million.

Danone, Albalact, FrieslandCampina, Covalact and Fabrica de Lapte Brasov (Olympus) are the top five actors on the yogurt and sour milk product market in Romania, which Euromonitor puts at more than 1 billion lei.

Oveit, the company that brought Live Stream Shopping to Romania, through its own technological solution – Streams.live, opens a round of SAFE financing on SeedBlink, the equity crowdfunding platform. The company aims to attract 400,000 euros from private investors interested in technology, but also from individuals who seek to invest their capital in technology startups […]

Opus Land, one of the most important real estate developers active on the local market, will increase to EUR 29 million its annual investment in the development of Cosmopolis, the largest residential project in Romania after the number of existing facilities. The amount is approximately one third higher compared to the investment undertaken in 2020. […]

Romania’s central bank on Friday (Jan 15) surprisingly lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Monday (January 18, 2021).

Romanian property restitution fund Fondul Proprietatea (FP.RO) ended 2020 with a loss of RON103 million and total assets of RON10.3 billion, down 8.6% compared with the end of 2019, per calculations by Ziarul Financiar (ZF) based on data from the NAV (Net Asset Value) monthly report published on the stock market.

Ufuk Tandogan, CEO Garanti BBVA Romania explains the importance of the digitalization process for both the bank he manages and the entire local banking system and highlights the main achievements of the lender in this direction. By Anda Sebesi   How would you describe the importance of digital channels in this uncertain period? Social distancing […]