Property investments in Romania stood at nearly EUR900 million in 2020, accounting for 8.5% of the total investment volume in the six largest countries in Central and Eastern Europe, according to Collier's CEE Investment Scene Q1-Q4 2020 report.
Rondocarton, part of Austria’s Rondo Ganahl, the largest corrugated cardboard manufacturer in Romania, made EUR12.5 million investments last year, mainly in upgrading and automating its plants in Apahida, Cluj and Targoviste, Dambovita.
Czech online home deco retailer Bonami had sales of EUR10 million in Romania in 2020, nearly 60% higher than in 2019, driven by higher demand as people spent more time at home due to pandemic restrictions.
Romania’s exports rose 5.1% in December compared with the year-ago month, which shows the economy is slowly starting to recover.
Local pharmacy chain Tinos Farm will open two more pharmacies in the first half of 2021 to add to the 18 it already has in Bucharest and Ilfov, after having seen its revenue rise by 25% to RON47 million in 2020.
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, on Wednesday reported a net profit of RON951.5 million for 2020, down 37% on the year.
Coffee shop chain Captain Bean, founded six years ago in Cluj-Napoca, ended 2020 with a 17-unit network, of which ten opened in 2020 in franchise, countrywide. In 2021, the founders of the business target an accelerated growth rate and target 50 new units, both franchises and own units, expecting a turnover of RON5 million.
PPF Real Estate, a developer and investor with real estate assets of over EUR2 billion globally, held by Czech billionaire Petr Kellner, signed six new lease contracts for office buildings Metropolis Center and Crystal Tower.
Industrial park developer CTP is investing over EUR35 million in the construction of a new building within CTPark Bucharest West, and the new space will be rented out by Quehenberger Logistics, a firm that operates the logistics activity of Brico Depot Romania, a retailer held by Kingfisher Group.