Romania Feed

Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget for 2021 and envisages a turnover of RON35.4 million and a net profit of RON23 million.

Dunwell, the only exclusive real estate broker in Romania, has brokered the lease of a 1,800 sqm warehouse for Elko Romania within CTPark Bucharest.   ELKO Romania, part of the international group Elko, has relocated its activity in CTPark Bucharest, where they leased an warehouse of 1,800 sqm. Elko, a company specialised in the distribution […]

2020 is the year that fundamentally changed the role of the office. The workplace will never be the same again, which means now is the time to transform it and make it better than ever. Colliers innovates and responds to current challenges and future needs in the office market with Office 360°, a complete approach […]

ELKO Romania, the local division of Latvian distributor of IT and consumer electronics products, has rented 1,800 square meters within logistics park CTPark Bucharest, operated by CTP, the largest long-term developer and manager of premium industrial and logistics parks in Romania and Central and Eastern Europe.

As countries compete for investments, talents and new markets for their companies products and services, nation brand and soft power matters. By Claudiu Vrinceanu   Romania loses five places in the ranking of the top 10 nations with the most effective soft power, being overtaken by Hungary and Slovenia, according to the latest report by […]

Cocor Bucuresti (COCR.RO), which owns the Cocor shopping center in downtown Bucharest, ended 2020 with a net profit of RON1.4 million, down 74% from 2019, and a turnover of RON10.4 million, down 26% on the year, per calculations by Ziarul Financiar based on the company’s preliminary financial report.

New car registrations in Romania decreased by 21.94% on the year, to 6,897 units, in February 2021, data from the association of automotive manufacturers in Romania (ACAROM) and from the vehicle registration department (DRPCIV) showed Monday.

Optim Project Management, the leader of the Romanian project management market, opened a branch in Belgrade to expand its services on the Southeast Europe real estate market. “We’ve started our experience in Serbia a few years ago by providing Technical Due Diligence services prior to acquisition for numerous important investment funds. Between 2017 and 2020, […]

The Board of Directors of state-owned energy utility group Electrica (EL.RO), the largest players in the energy services sector, approved on February 26 the consolidated investment plant (CAPEX) of the Group for 2021, in the amount of RON712.4 million, per a stock market report.

Vacuum cleaner manufacturer Electroarges (ELGS.RO) in Curtea de Arges ended 2020 with a net loss of RON13.7 million, from a net profit of RON2 million in 2019, and revenue from contracts of RON245.4 million, up 27.5% on the year, per calculations by Ziarul Financiar based on data from the company’s preliminary financial report.

Romania's foreign exchange reserves fell to EUR35.139 billion at the end of February from EUR37.454 billion at the end of January, central bank data showed Monday.

For more than a year most discussions regarding the evolution of macro-financial variables and forecasts have involved references to the evolution of the COVID-19 pandemic. The pandemic shock that has hit almost the entire globe is the most obvious and harsh demonstration that the health of the population and the risks of disease it faces, […]

The Call For Leaders interview series reached its third phase, with the established 3Q format having received a revamp for 2021. The original Call For Leaders 3Q and its sequel, Call For Leaders – Back in Business, have seen us talking to quite a diverse roster of business leaders in Romania, representing top companies and various industries. In […]

Revolut, the financial app with over 15 million users worldwide, has been granted a banking license in Romania, which means customer deposits of up to EUR100,000 are now guaranteed under the European deposit guarantee scheme.

US-held Bucharest Properties REIT, a real estate developer specializing in rental apartments in Bucharest, has completed the second stage of the Vitan Estates residential project, following an investment of EUR10 million.

Bittnet (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, reported RON108.6 million consolidated revenues in 2020 and an operating profit of RON4.3 million, five times higher compared with 2019.

Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported a net profit of RON2.8 million for 2020, down 48% compared with 2019.

Holde Agri Invest (HAI.RO), a Romanian company operating farmland, on Monday reported consolidated revenue of RON46.8 million and a net profit of RON5.3 million for 2020.

The Romanian e-commerce market reached approximately EUR7 billion in 2020, 36% higher compared with 2019, data from online payment processor PayU showed Monday.

Dacia will stop working for two days in March, in addition to the three in February, the company said. The plant will therefore make 6,500 cars less, which will cost it almost EUR100 million, considering a price per car of EUR15,000 including VAT.