Romania Feed

The volume of commercial real estate deals, which include office, retail, industrial and logistical projects and hotels, reached as much as EUR570 million in the first nine months of 2021, lower by 29% than the EUR890 million level reported in the same period in 2020, per a survey by real estate consulting firm JLL.

Real estate consulting company Colliers marks 25 years of presence on the Romanian market by transforming its head office and implementing the WELL Health-Safety standard, the newest building rating system introduced by the International WELL Building Institute (IWBI) in the context of health challenges such as the Covid-19 pandemic.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend on Wednesday (October 13) and reached 2.13% a year, from 2.11% a year on Tuesday (October 12).

Romania’s industrial production increased by 12.7% in unadjusted data in January-August 2021 compared to the same period in 2020, and by 13.1% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Wednesday.

BRD Pensii, which manages private pension fund BRD Pensii, joined the shareholding structure of Romania's nuclear power producer Nuclearelectrica (SNN.RO) through an investment worth nearly RON15 million at end-June 2021, per data from the half-year financial report.

Tech startup Pluria, launched in September 2020 by entrepreneur Andrei Cretu, the co-founder of 7card network, launched the application on the markets of Spain and Columbia

Dr. Fischer Dental, the leading producer on Romania’s dental works market, controlled by doctor Antoaneta Fischer, is readying to list on the AeRo market of the Bucharest Stock Exchange by end-2021 through a private stock placement.

Romanian state-owned airline Tarom in this period operates at half the capacity registered in the same period of 2019, according to its representatives. Low demand comes amid as Romania is coping with the fourth wave of the pandemic.

Oltina Impex Prod Com, a major Romanian-owned company in the milling and bakery industry, in 2020 posted turnover worth RON499.4 million (EUR103.6 million), 17% higher than in 2019, in line with Finance Ministry data.

Sporting goods retailer Hervis Romania in 2020 generated turnover worth RON234 million, 7% lower than in 2019. In 2020, non-essential physical stores shut down for several months, so that fashion, sporting goods or cosmetics retailers relied only on the online segment during that period.

Taffo, a Baia Mare-based building company owned by three shareholders, expects turnover to rise by 70% in 2021 on the year on the basis of construction sites underway.

Businessman Dan Sucu and Conadi are getting ready to start construction on the third phase of the Arcadia Apartments Domenii residential project in Bucharest.

Electric motor plant Nidec in Oradea, held by Japan’s Nidec group, posted RON134.6 million (EUR27.9 million) revenue in 2020, 17% lower than the RON163.6 million (EUR34.5 million) in 2019, Finance Ministry data show.

Poland’s Amrest group expanded its Romanian network with two locations, a Burger King restaurant and a Starbucks coffee shop for a total of 62 in the first half.

Fintech Revo Technologies that introduced its Mokka Buy Now, Pay Later service in Romania earlier this year has announced its partnership with GoMag, the most appreciated e-commerce platform in Romania, that supports the work of more than 2,250 online stores.     The partnership with GoMag will allow all its online merchants to enable Mokka […]

Affidea Romania, the local subsidiary of the European leader in imaging, outpatient, nuclear medicine and cancer treatment services, officially announces the launch of the new state-of-the-art Affidea | Hiperdia Medical Center in Cluj, following a total investment of 2.7 million euros. This becomes the largest Affidea medical center in Cluj and, following the investment, expands […]

Campeador Group, one of the most important real estate developers in western Romania, contracted a financing of EUR 4.5 million from CEC Bank. PCF Investments Banking was the exclusive consultant of Campeador in structuring, negotiating and implementing the financing, this being the third financing obtained by PCF for Campeador.   The current credit will be […]

TBI Bank, the fastest growing phygital lender in the South-Eastern Europe region, partners with the Gomag eCommerce platform to provide an all-in-one digital solution to offline and online retailers.   As part of this partnership, all retailers, be it of electronics, fashion, furniture, home improvement, services or sports goods, will have at their fingertips an […]

Over 200 people from Romania participated in the annual edition of the NASA SpaceApps Challenge hackathon that took place, online, simultaneously in 162 countries and territories around the world, on the weekend of October 2nd -3rd. Among the winning projects are a greenhouse to provide nutritional supplements for a mission to Mars, space exploration games, […]

SkyTower, the tallest office building in Romania, has received the Gold DGNB certification for sustainable buildings, following the assessment by ÖGNI (the Austrian Society for Sustainable Real Estate Management).   The SkyTower Gold certification is issued for the Blue Building category and the assessment process was carried out in accordance with the European quality certification […]