Romania Feed
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ZF English - 11:00 Jul 07, 2022
Romanians’ real estate assets have continued to grow in 2020 and 2021, the two years of the COVID-19 pandemic, by RON360 billion, respectively 20.7% above the 2019 level, reaching a record high of almost RON2,095 billion at end-2021, in line with central bank data. -
ZF English - 09:20 Jul 07, 2022
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 6.76% a year on Thursday (July 7) from 6.63% on Wednesday (July 6), as per central bank data. -
ZF English - 08:10 Jul 07, 2022
Romania’s overall media market will reach EUR640 million by yearend, with a 6% advance against 2021, including a 20% increase on the digital media segment, in line with the Media Fact Book annual report by media agency Initiative Romania. -
ZF English - 07:51 Jul 07, 2022
Local startup InstantSpace, which has developed a Booking.com platform for the online booking of hotel conference halls for the organization of corporate events, aims to have over 200 hotel units registered on its platform and over 100 events per month managed with the aid of its solution. -
ZF English - 07:30 Jul 07, 2022
In Craiova we see the first investment by Ford Otosan outside Turkey. There’s interest in Romania and the investments are set to continue, said Fusun Aramaz, Turkey’s ambassador to Romania. -
ZF English - 07:10 Jul 07, 2022
One of the most powerful investment bankers in Romania, Doru Lionachescu, currently president of BT Capital Partners board, has teamed up with the founders of One United, Victor Capitanu and Andrei Diaconescu, in an investment company that will have several tens of million euros available for firms with high growth potential. -
ZF English - 19:01 Jul 06, 2022
Safety Broker remained the leading general insurance broker with a gross written premium volume of RON293 million and 9.6% market share in the first quarter, the Financial Supervisory Authority (ASF) said in its first quarter 2022 insurance market report. -
ZF English - 15:32 Jul 06, 2022
Romania’s central bank expects the annual inflation rate will stick to an upward path until mid-Q3, yet at a visibly slower pace, thus climbing moderately above the levels projected in May 2022 over the short-term horizon. -
ZF English - 14:55 Jul 06, 2022
Romania's nuclear power producer Nuclearelectrica (SNN.RO) & small modular reactor (SMR) technology provider NuScale organized a working meeting with Romanian authorities in Dambovita County and Doicesti on July 6, 2022. -
ZF English - 14:24 Jul 06, 2022
Electricity distributor and supplier Electrica (EL.RO) informed the shareholders and investors that on July 6, 2022 it signed a shares sales and purchase agreement (“SPA”) in one project company having as main object of activity the production of energy from renewable sources. -
ZF English - 13:54 Jul 06, 2022
The founder of How to Web, an event dedicated to startups and innovation in Eastern Europe, Bogdan Iordache has launched Underline Ventures, a venture capital firm set to invest in tech startups in Central and Eastern Europe, the company said in a release on Wednesday. -
ZF English - 13:24 Jul 06, 2022
Computer Generated Solutions (CGS) Romania, operating on the local business process outsourcing (BPO) market, plans to hire in 2022 more than 800 specialists in positions of customer relations representatives, back office, technical support. -
ZF English - 12:46 Jul 06, 2022
The inflation and the rising interest rates will certainly impact the residential real estate market as the market is strongly linked to lending policies, according to Bogdan Sergentu, Head of Valuation & Consulting within real estate consulting firm Cushman & Wakefield Echinox. -
ZF English - 10:35 Jul 06, 2022
Romania's central bank on Wednesday (June 6) raised its benchmark interest rate to 4.75% a year from the current rate of 3.75% a year, starting July 7, 2022. -
ZF English - 10:20 Jul 06, 2022
SmartBill, a company that operates an invoicing and management solution for small and medium-sized enterprises (SMEs), had a turnover of over RON23 million (EUR4.6 million) at end-2021, up nearly 35% from a turnover of over RON17 million (EUR3.4 million) in 2020, company representatives said in a statement. -
ZF English - 09:08 Jul 06, 2022
The number of real estate deals in Romania stood at 52,946 in June 2022, 11,660 fewer than in May 2022, data from the national cadaster agency ANCPI showed Wednesday. -
ZF English - 07:47 Jul 06, 2022
Retail turnover, the main barometer for private consumption, in the first five months of this year went up by 5.7% in gross series from the year-earlier period, amid rising sales of fuel (by 10.1%), non-food items (6.9%) and foodstuffs, beverages and tobacco (by 1.9%), in line with data from the country’s statistics board INS. -
ZF English - 07:26 Jul 06, 2022
Vodafone, one of the biggest players on Romania’s telecom market, has launched the commercial platform named EasyTech, bringing an extensive range of products both in the online store and in physical stores, as well as new services, in addition to the existent convergent communications packages. -
ZF English - 07:14 Jul 06, 2022
Romanian Business Consult (RBC), the biggest IT integrator for the retail industry in Romania, has completed the purchase of local company SmartPay Software (SPS), specialized in the development of solutions for the payment processing industry, thus cementing its presence on the market of IT solutions in banking and electronic payment. -
ZF English - 07:02 Jul 06, 2022
Cargus, one of the biggest players on Romania’s courier services market, has a EUR55 million investment budget for the next two years, with investments set to focus on e-commerce, innovation and the development of the out of home network and logistics.