Romania Feed

Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported a consolidated net profit of RON388 million for 2020, 87.5% higher compared with 2019.

Romanian lawmakers have rejected a bill that sought to cap interest rates on mortgage and consumer loans to at most 50% above the central bank benchmark rate.

Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.

Restaurant group Sphera Franchise group, which holds the KFC, Pizza Hut and Taco Bell franchises in Romania, and is developing the KFC brand in the Republic of Moldova and Italy, saw its online orders rise during the pandemic. The sales channel gained ground in 2020 and accounted for a greater share of the business.

Overcoming the pandemic safely is the primary goal of REGINA MARIA Healthcare Network, which develops solutions in real time. Following the evolution of incidence rates among patients under 18 years of age and guided by international studies on children and adolescents who have overcome the acute stages of SARS-COV-2 infection, REGINA MARIA has designed a […]

The whole world is celebrating the birth of vaccinations against COVID-19. Achieving widespread vaccination also poses a new challenge to countries’ health systems. To deliver the vaccines, SAP offered custom-developed systems that had already made their successful debut in Germany in early January.   In order to achieve their large-scale immunization targets so that restrictions […]

Romania's finance ministry on Thursday raised 461 million lei (EUR94.5 million), above its RON400 million target, selling bonds maturing in June 2023 at an average yield of 2.24% a year, central bank data showed.

Poland's Citronex group will build greenhouses to grow tomatoes in Targu Jiu, southwestern Romania, on a surface of 50 hectares, local authorities said.

CA Immo has renewed the lease contract with Sony for another five years, thus becoming one of the longest leases in Bucharest Business Park.     “Sony considers employees to be among its most important stakeholders and views them not as a group, but as individuals. The quality of workplace remains vital especially in this […]

Nordis Group, a local real estate developer specialized on luxury properties, announced it is investing EUR31 million in a mixed-use project totaling 14,000 square meters in Brasov, central Romania.

Prima Development Group, a real estate developer based in Oradea, announced Thursday it has completed Boemia Apartments in Bucharest, a boutique-style residential project, following an investment of EUR8.5 million.

Romanian regional investment fund Evergent Investments (formerly SIF Moldova) seeks to buy back approximately 8.3 million of its own shares at a price of RON1.6 per share, it said in a market report Thursday.

After Romania became the first foreign market in which the Portuguese digital archiving company EAD – Empresa de Arquivo de Documentação SA expanded in, Business Review wanted to sit down with EAD Digital Romania’s first CEO and COO, Bruno Amaro and Liviu Zamfir respectively, to find out the background and the future plans for this expansion. What resulted was an […]

Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announced Thursday it is planning a share issue and listing on the Euronext stock exchange in Amsterdam.

Austrian real estate developer CA Immo has extended the lease contract for Sony offices in Bucharest Business Park for a five-year period, being one of the longest lease contracts targeting the office project located in north-western Bucharest, in the vicinity of the Piata Presei (Free Press Square).

Spring is here and the Working Romania HR Conference is drawing closer as we speak! With that in mind, #HRSpotlight, BR’s interview series dedicated to the Romanian Human Resources sector, pushes on for the #FutureOfWork. In this episode we sat down with Sorin Bănulescu, People Director at HEINEKEN Romania.   2020 Overview: the most important actions […]

The United States Department of Commerce has lowered an anti-dumping tariff on aluminum sheets made by Romania's Alro SA (ALR.RO) from nearly 84% to 37.26%, the company said in a statement Thursday.

According to CITR, the leader of the restructuring market in Romania, in 2021, companies that want to overcome the crisis and move to the next stage of development must be prepared to anticipate changes and invest in solutions that would help them better manage the risks. Although pressure on cashflow has fallen compared to the […]

“The pandemic year” was one of the peaks of the current economic cycle regarding investments in commercial real estate assets, with a 37% growth versus 2019, up to nearly EUR900 million, and the market is expected to see a potential decline in 2021, because some buyers may put off investments, per a Colliers report on the real estate market in 2021.

The strategy adopted at the onset of the pandemic to boost production capacity for drugs in demand drove local pharmaceutical manufacturer Zentiva to third place among the largest pharmaceutical companies by sales in Romania, a report by market research company Cegedim shows.