Romania Feed

The valuation department of real estate consulting firm Cushman & Wakefield Echinox appraised over 380 properties worth a total EUR5.5 billion in 2021.

EMI, a company specialized in integrated solutions and services for industrial access, has announced the complete takeover of Decran, a Belgian company specialized in the production and installation of industrial steel doors.

Real estate consulting firm CBRE Romania has assisted Austrian real estate developer S IMMO AG in the acquisition of EXPO Business Park, an office complex located in northern Bucharest.

The April 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Building A Strong And Sustainable Real Estate Business In Romania”. Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a PDF copy.   […]

In late 2021, Romanian wines attracted the attention of international experts, following a unique tasting event initiated by Carrefour Romania and Marinela Ardelean, in partnership with The Iconic Estate, in New York, where experts were impressed by the quality of the 6 wines from the We Open Romanian the Wine program (Deschidem Vinul Românesc). To find out […]

New car registrations in Romania surged by 39.6% on the year to 28.978 units in January-March 2022, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.

More than 2,4 billion sticks of illicit cigarettes were consumed in Romania in 2021**, despite the descending trend in the last 3 years, when the illicit trafficking rate dropped by more than 6 pp.   Since the beginning of the year, authorities have dismantled two illegal cigarette factories, with tobacco products worth 2.8 million euros […]

The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021.   The valuation department’s portfolio increased by 10% in terms of the number of properties, while the total value of the appraised assets increased by 40%, due to […]

PropTech startup Bright Spaces launched its first subsidiary abroad, in the UK. The startup, which creates advanced, end-to-end digital leasing platforms for commercial and residential real estate, already has two clients from the UK.   Bright Spaces is a venture-backed proptech company launched in Romania in 2019. It raised 2 consecutive investment rounds and is already […]

EMI, the leader in integrated solutions and services for industrial access in Romania, announces the complete takeover of Decran, a Belgian company specialized in the production and installation of industrial steel doors.   This is the second M&A transaction carried out by EMI in Belgium after acquiring the majority stake in the Access System at […]

Daikin, world leader in the air conditioners market, with over 90 years of experience in designing and manufacturing innovative heating and cooling technologies, announces the launch on the Romanian market of the new generation Daikin Emura, the air conditioner with an iconic design.   A complete air conditioning solution, the third generation Daikin Emura has […]

FLOWX.AI, a platform that helps enterprises to build complex, mission-critical, digital omnichannel products that scale – in a simpler, faster way announced today that it is joining IBM’s Cloud for Financial Services.   The IBM Cloud Framework for Financial Services is designed to address risk in the digital supply chain through a common set of security […]

Telekom Romania Mobile launches new ‘NELIMITAT’ tariff plans in the spirit of the promise “Mobile as you want it – simple and fair.” Customers benefit from tariff plans with clear prices, without complicated configurations, preserving the unlimited minutes, messages and internet on the Romanian territory and adding new benefits. Thus, Telekom Mobile customers do not […]

Thoughtworks, a global technology consulting company that integrates strategy, design and engineering to stimulate digital innovation, aims to increase the number of female employees in Romania, the target for the coming years being that the number of women and people belonging to gender minorities reaches 40% of all employees, a percentage that is currently found […]

Romania’s unemployment rate stood at 5.6% in 2021, lower than 6.1% in 2020, data from the country’s statistics institute INS shows on Wednesday (April 20).

The International Monetary Fund (IMF) has lowered its economic growth projection for Romania to 2.2% for 2022 from a previous projection of 4.8% made in October 2021, the Fund said in the April 2022 edition of its World Economic Outlook (WEO) report.

France’s BNP Paribas is interested in selling Cetelem's operations in the region, market sources say. It would like to sell the whole package to a single buyer, but in some cases, there is interest only for one country, such as Romania.

Medical device manufacturer Hamilton Central Europe has invested more than EUR4.5 million in its Romanian operation, starting with the Mechanics department and is continuing with the development of its Metal Sheet Processing department, where it will produce metal components, the company said in a press release.

Amigo & Intercost, a beverage distribution company based in Odorheiu Secuiesc, Harghita County, posted RON12.3 million (EUR2.5 million) net profit in 2021, up 47% from the almost RON8.4 million (EUR1.7 million) the previous year, Finance Ministry data show.

The fintech industry in Poland is developing at a very fast pace, and the number of start-ups operating in it is constantly growing. There are also new ideas emerging that are based on financial technology. What exactly is fintech? How does the industry interact with the banking system? Answers to these and other questions are […]