Romania Feed

Real estate developer Hagag Development Europe adds new residential project to its local portfolio: H Primaverii 1. The investment value is estimated to over EUR 20 MLN.   Currently in design phase, H Primaverii 1 will rise above a 1,360 square metres plot of land and showcase, once completed, more than 4,000 square metres GBA […]

Philip Morris International (PMI) and Strategic Thinking Group have published the study “The Economic Impact of Philip Morris International in Romania – Philip Morris International’s Contribution to Value Creation and Sustainable Development in Romania”.   The study analyzed the evolution of the main indicators related to the company’s activity in the period 2016-2020. In 2020, […]

bim.GROUP has been operating as a general design office on the Hungarian and international market for more than 30 years and accounted for a revenue of EUR 8 million in 2021.   bim.GROUP is an independent designer office with activities and expertise in all major engineering disciplines. The office operates in general design (conceptual design, […]

Romania’s central bank has revised upwards its annual inflation rate forecast to 12.5% for the end of 2022 and to 6.7% for the end of 2023, the bank’s governor Mugur Isarescu told a news conference presenting the latest inflation report on Thursday (May 12).

The number of new investments announced in the agribusiness grew by 75% in the first four months of 2022 compared to the same period in 2021, with the total value of projects reaching EUR300 million, according to an analysis by IBC Focus.

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Thursday reported a net profit of RON11.5 million for the first quarter of 2022, up 81% from the year-earlier period, in line with calculations by Ziarul Financiar (ZF) daily based on data from the stock market report.

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 5.44% a year on Thursday (May 12) from 5.37% a year on Wednesday (May 11), as per central bank data.

Romanian CEOs’ optimism about the country’s economic growth has faded since the outbreak of the war in Ukraine, according to the revised April edition of the CEO Survey 2022 conducted by PwC Romania.

The average net salary in Romania increased by 5.8% in nominal terms in March 2022 compared with February 2022, to 3,937 lei (EUR797), data from the country's statistics board INS showed Thursday.

The Association of Business Service Leaders in Romania (ABSL) conducted a study in February-April on the post-pandemic working methods adopted by companies in the industry, for the period 2022-2023. 49% of the companies surveyed stated that the biggest post-pandemic challenges are related to employee engagement and motivation, as well as finding ways to get them to […]

The operating revenue of the Bucharest Stock Exchange increased by 70% in 1Q/2022, to RON9.86 million, amid the doubling of trading revenue, both on the main stock market, and from offerings.

Amid the unprecedented energy price hikes, Nuclearelectrica, Romania’s sole nuclear energy producer and a company where the Romanian state is a majority stakeholder, reported all-time high figures in the first quarter of 2022.

The former Intercontinental hotel, currently Grand Hotel Bucharest, managed by Compania Hoteliera Intercontinental, in 2021 registered RON18 million turnover, up almost 50% from the previous year.

Dragos Sirbu, CEO of electro-IT retailer Flanco, says the company will enter Poland, and then Germany, the Czech Republic and maybe Greece in 2022.

Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM) on Wednesday said it had a net profit of RON102.65 million in 2021, nearly 23% above the targeted level after granting 36,097 guarantees worth a total RON17.25 billion.

Scandinavian furniture and home products retailer JYSK is continuing its expansion in Romania by opening a new store on Thursday (May 12) in the locality of Bailesti (Dolj County).

Romanian property restitution fund Fondul Proprietatea (FP.RO) plans to buy back 325 million own shares, the equivalent of 5.1% of the share capital, at a price of RON2.19 per share, between May 18 and June 24, 2022, as per a tender document approved by the financial supervisory authority ASF and published on the capital market.

Tobacco company Philip Morris International (PMI) on Wednesday said the sales of Philip Morris products on the Romanian market generated RON1.9 billion in excise taxes and RON0.6 billion in value-added tax (VAT), in 2020.

Learning platform Adservio, developed by entrepreneur Alexandru Holicov from Iasi, has raised an investment of EUR2 million from Catalyst Romania Fund II, one of the leading venture capital funds in the region and the funds will be used to scale the business and expand on other markets in Europe.

The number of metro passengers grew by 53% year-over-year in the first three months of 2022, with March seeing a record high of the last two years as pandemic-related restrictions were lifted, which shows a gradual resumption of activity in Bucharest-based office buildings, as per a report by real estate consulting firm Cushman & Wakefield Echinox based on data from Bucharest underground system operator Metrorex.