Romania Feed

The residential sales market is expected to go through a period of stagnation and correction, as harsher lending conditions, inflation and rising construction costs will change consumption consumer bahavior and moderate major acquisitions, according to JLL analysts.

French real estate group Catinvest has completed the second phase of the Electroputere Parc development and it will soon finalize expansion works on the Electroputere Mall which will enable the opening of new stores, restaurants and a playground.

STK Properties, an investment vehicle founded by the STK Emergent investment fund, focused on the development of real estate projects in Cluj-Napoca, went public on Wednesday (May 18), on the AeRO market of the Bucharest Stock Exchange.

Real estate company One United Properties, which develops residential, mixed-use and office real estate in Romania, on Wednesday said the One Herastrau Office office building has reached an occupancy rate of 100%.

Healthcare for 1.9 million people living in south-western Romania will be transformed following construction of a new regional hospital in Craiova backed by a 368 million Euro long-term EIB loan.

Grup Șerban Holding, a Romanian entrepreneurial company active in several fields in agriculture, announces the receiving of the approval for a project with European funds for Fabrica de Paine Șerban SRL, part of Grup Șerban Holding.   The eligible value of the project is 3 million euros, of which 1.2 million euros are non-reimbursable funds. […]

The Bucharest Stock Exchange announced that SMTLR01 pre-emptive rights issued for the share capital increase carried out by Simtel Team (SMTL) will start trading on Wednesday (May 18).

Veeam Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, today kicked off its annual user conference, VeeamON 2022, the Modern Data Protection Conference of the Year, delivering a rich, hybrid experience to almost 45,000 registrants from across the globe.   Outlining the company’s vision for data protection across […]

Law firm Wolf Theiss acted as legal advisor to CVI Dom Maklerski sp. z o.o., a Polish private debt fund, in structuring, negotiating and executing the documentation related to the issuance of cross-border corporate bonds worth 8.5 million euros by Marcos Provit, one of the largest regional players in the pharmaceutical segment in Romania.   […]

EVERGENT Investments, the largest capitalization investment company – 1.2 billion lei – of all investment companies, reported for March 31, 2022, an increase of 11.1% in the total assets and an increase of 11.6% in the net asset value compared to March 31, 2021.   Thus, the total value of EVERGENT Investments’ assets is 2.5 […]

If after the first year of the pandemic the optimism in the residential real estate market had returned to pre-crisis levels, today this sector faces new challenges that may generate structural changes, which may have different implications for sales segments and rental.   There is already a much faster growth trend in the rental area […]

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 5.57% a year on Wednesday (May 18) from 5.53% a year on Tuesday (May 17), as per central bank data.

Following the collaboration that started in the summer of 2021, June Communications and Fortech Investments signed for the extension of the PR partnership, having as a common objective sustaining the development and expansion of start-ups that have innovative B2B solutions, along with their creators.   The PR agency will continue to communicate upon the projects […]

Goals and all those beautiful dreams we have. They are constant. Sometimes we’re the ones setting them, sometimes they seem to be set for us by work, school, circumstances, partners, relationships or life events.  By Loredana Popasav, Transformative Coach, Mentor, Humanist, Diversity & Inclusion specialist   We all have dreams and I am blessed enough as […]

Grup Serban Holding (GSH.RO), a Romanian entrepreneurial company active in several fields in agriculture, on Wednesday said it received the approval for a project with European funds for Fabrica de Paine Serban SRL, part of Grup Serban Holding.

In the first quarter of 2022, Belgium’s WDP posted rent income worth EUR14.6 million related to the 60 properties it owns in Romania.

The milk processing plant of Tulcea-based Fraher, whose construction started in 2020, will be opened at the end of this year in the wake of EUR6 million investments.

Financial securities did not protect Rompetrol Rafinare, the company managing Petromidia, Romania’s biggest refinery, from the Ukraine war impact over oil prices, with the company’s losses soaring ninefold in 1Q/2022 vs the first three months of 2021.

Instant Factoring, the first Romanian startup providing online microfactoring for small and medium-sized enterprises (SMEs), and Romanian lender TechVentures Bank have concluded a partnership to support SMEs and also any other company that has difficulty in managing the cash flow or looks for concrete development solutions.

Romanian managers’ confidence in the local economy has reached the highest level of the last two years, despite 76% of them expecting to be affected to a great extent by the war in Ukraine, and 40% anticipating a decline in gross domestic product (GDP), as per a Confidex survey conducted Impetum Group.