Romania Feed

Sometimes life circumstances demand you to assess your financial situation, and you may decide to go for a title loan to cover an unexpected expense. Although this type of loan comes with high-interest rates and often requires you to comply in the short term, some people choose them because they don’t consider the applicant’s credit […]

The pandemic started quickly and unexpected and made 2020 a very challenging year. We had to adapt in a very short period of time and now we are facing a new normal in the retail sector, said Irinel Popescu, Retail Director of Metro Cash & Carry Romania, at Re:Focus on Ecommerce, Retail & Logistic 2021 […]

Czech logistics developer and owner P3 transacted over 220,000 square meters of storage and office spaces in Romania in 2020, better than it initially expected.

Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growth in the fourth quarter of 2020.

Last year marked important milestones for the entire banking sector, raising new obstacles as well as new opportunities. In this context, ING Bank Romania CEO Mihaela Bitu and her management team have had to adjust their leadership style and stay as close to their employees as possible. By Anda Sebesi   “Looking back at the […]

One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the Black Sea Trade and Development Bank (BSTDB), which will be used to finalize the investment and refinance the previous construction costs of the One Tower office building.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Tuesday informed its shareholders and investors that it had placed with lender CEC BANK a deposit in the amount of RON80 million, maturing on February 15, 2022 and with an interest rate of 1.70% per year.

Transport and logistics operator Maracana has rented 5,000 square meters of logistic space within the MLP Bucharest West logistics park developed in western Bucharest by Polish MLP Group.

Romanians spent nearly EUR2.6 billion on vacations abroad in 2020, which is half the amount spent in 2019, according to central bank data.

Biofarm Bucuresti (BIO.RO), one of the leading drugmakers in Romania, ended 2020 with a net profit of RON54.5 million, up 7.2% versus 2019, while income from sales grew 8% to RON218 million, the company said Tuesday in its annual financial report.

Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while comprehensive insurance (Casco) lagged behind with slower growth, some 26%, Financial Supervisory Authority (ASF) data show.

Romania's gross domestic product (GDP) took an annual plunge of 3.9% in 2020, compared with 2019, which is better than previous forecasts, a flash estimate from the country’s statistics board INS showed Tuesday.

Real estate developer Iulius Group of businessman Iulian Dascalu will allocate 25% of the 6,000 square meter retail space expansion of Palas Iasi to local entrepreneurs and producers. The company is investing EUR120 million to expand the retail area of the complex in Iasi.

Construction sector had its second best year in a decade in 2020, despite the pandemic, National Statistics Institute data show. The volume of work increased by 15.9% year-on-year. The growth had been higher in 2019, by almost 28% on the previous year.

GTC, a leading developer and asset manager in Central and Eastern Europe, has been awarded the Very Good BREEAM certificate for one of its Warsaw assets, the Artico office building. Thus, the company has successfully completed the green adaptation process for all its Polish commercial assets. The achievement follows a consistent implementation of the company’s […]

Swedish-held private medical service provider Medicover, present in Romania through Medicover clinics and the Synevo laboratory division, on Monday reported consolidated revenues of EUR128 million in Romania for 2020, up 7.5% compared with 2019.

Romania's finance ministry on Monday raised 1.2 billion lei (EUR246 million), double compared with its target, selling June 2026 bonds at an average yield of 2.3%, central bank data showed.

Alfredo Seafood owners, the local Darmanescu family, have entered the controlled temperature logistics market with Frigonet Logistics in 2020, with an initial investment of EUR0.5 million.

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said Monday just 0.2% of new shares issued for a share capital increase were subscribed in the preemption period.

Choosing the right glasses to correct your reading vision can be an overwhelming experience. One drugstore or pharmacy alone can flood you with countless reading glasses to choose from with different materials and styles. So, as a first-timer, how can you choose the right pair of glasses for you?   A pair of reading glasses […]