Romania Feed

Erste's Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, on Friday reported a net profit of RON814.1 million (EUR168.3 million) for 2020, 27% higher than in 2019, driven by lending growth and higher operating earnings, partly offset by higher risk costs.

MedLife Group (M.RO), the leader of the private medical services market in Romania, on Friday reported a net profit of RON62 million for 2020, up 246% compared with 2019.

Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, reported a net loss of RON2.3 million for 2020 (excluding the impact of IFRS 16 adoption), compared with a profit of RON64 million in 2019.

Equiliant Capital, the own investment fund of Paval brothers, the owners of do-it-yourself chain Dedeman, on Thursday announced the first investment, respectively, the acquisition of a minority stake in Victoria, a dental and imaging services chain.

Banca Transilvania (TLV.RO), Romania’s largest lender in Romania by assets, ended 2020 with a net profit of RON1.476 billion, at group level, down 20% on the year, and operating revenue of RON4.5 billion, down 1.6% on the year.

Romania's state-owned postal operator Posta Romana (CNPR)on Thursday announced the start of the largest investment of the last four decades for upgrades and digitalization.

Shareholders of Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, approved the issue of corporate, convertible, unsecured bonds, with an option of early repurchase, in the total amount of EUR1.5 million, which will be subsequently listed on the secondary market of the Bucharest Stock Exchange, per a stock market report.

This April, the Business Review Awards Gala is set to reach its 16th edition, and with it Business Review will shine the spotlight on the achievements of the Romanian business community, thus awarding and celebrating the companies, business leaders and entrepreneurs that showed drive, initiative and who achieved the best results in their class of business. […]

The demand for office spaces in Bucharest will increase by 20-30 percent this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants. During 2020, the transactional volume decreased by 40%, up to 237,000 square meters, […]

Abbott announced today it has received CE Mark for two new uses of its Panbio™ COVID-19 Ag Rapid Test Device for the detection of the SARS-CoV-2 virus: asymptomatic testing and self-swabbing.   Panbio COVID-19 Ag’s label has been updated with clinical data on asymptomatic individuals, which enables mass testing (mass screening1) of people who do […]

This year’s love holiday could be called Dragobere. The reputation of beer in Romania increased by over 6 points from 2018 to 2020. According to the Reputation RepTrak® Pulse study conducted in 29 European countries, of all the categories of alcoholic beverages analyzed in the study, beer and the beer industry enjoy the best reputation […]

MAM Bricolaj, Romanian business specialized in selling materials and furniture accessories and connected products, furniture bricolage and offering services in furniture design, comes after a 2020 in which it registered one of the most important accomplishments: getting listed at the stock exchange. Therefore, the company starts 2021 with big plans. “We are all coming after […]

In times of pandemic, REGINA MARIA Healthcare Network stands by its patients, making decisions to prevent the long-term effects of SARS-CoV-2 infection. Therefore, so far it has invested almost 300,000 lei in free services offered to healthcare professionals and all patients overcoming the acute phase of the disease, a project that will carry on at […]

Prebet Aiud (PREB.RO), a manufacturer of precast products made of reinforced and prestressed concrete, ended 2020 with a net profit of RON8.5 million, up 51.4% on the year, and a turnover of RON41.4 million, slightly lower than RON41.7 million in 2019, per calculations by Ziarul Financiar (ZF) based on a stock market report.

Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, on Thursday reported a net profit of RON856,514 for 2020, 131.4% higher compared with 2019.

Grampet Group, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, announced Thursday it has launched operations in Slovenia, expanding its freight railway transport activity to ten countries in the region.

Demand for office spaces in Bucharest will increase by 20-30% this year, as a significant part of the major tenants are actively evaluating options for space optimization, real estate consultancy company Cushman & Wakefield Echinox said Thursday.

The learning market in Romania is, now, in a very good moment. Unlike the Western European markets which are quite mature from this point of view, at us, the learning market is only now starting to grow. By Silviu Dragomir, Co-Founder Eucom Business Language What does the learning market in Romania look like now From […]

Developers on the local property market have over one million square meters of modern industrial, office and retail stock in the pipeline for 2021, real estate consulting company JLL said in a market report Thursday.

A new report, Digitalisation: An opportunity for Europe, shows how increased digitalisation of Europe’s services and value chains over the next six years could boost Romania’s GDP per capita by 16.48% and also increase productivity by 16.70%. The report, commissioned by Vodafone and conducted by Deloitte, looks at the five key measures – connectivity, human […]