Romania Feed

Office space transactions in Bucharest marked a recovery in the fourth quarter of 2020, reaching 77,000 square meters, data from real estate consulting company Cushman & Wakefield Echinox showed Monday.

Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the budget bill would be published in the upcoming days.

Around 240,000 square meters of office spaces were transacted in Bucharest in 2020, a similar level to 2015, as most companies postponed decisions and 60% of the total were relocations, real estate consulting company CBRE said in a report Monday.

Parcel delivery company DPD Romania, one of the largest on the local market, ended 2020 with more than EUR50 million revenue an increase of 30% on the about EUR35 million of 2019.

International Investment Bank (IIB), founded in 1970 in Budapest and 6.8% owned by Romania, reported a net profit of EUR7.3 million in 2020, up 28% from EUR5.6 million in 2019, the bank said in a market report.

Metal roofing manufacturer Bilka Steel seeks to end the year with more than RON1 billion revenue, after having come close to that level in 2020, owner Horatiu Tepes says.

Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92 million for properties and RON4.5 million for VAT financing.

Three entrepreneurial companies in the meat processing busines in Romania are testing investor interest in a potential deal, ZF sources say. The three are Meda Prod 98, Kosarom and Agra’s.

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) said Friday in a stock market announcement that it appointed Dorin Tudora to the position of provisional Chief Executive Officer, from Feb 5 until the completion of the recruitment and selection procedure for the new CEO, respectively, until June 4, 2021 (inclusive of).

We’re living in a time when world-changing ideas are moving as quickly as possible, with some of them coming from organisations which are able to disrupt the status quo and drive sustainable, large-scale change. Every idea starts with someone trying to solve a problem, and new social entrepreneurs and new ideas on how to impact […]

According to data gathered by Learnbonds.com, as of January 2020, video-based social network TikTok had surpassed the mark of 40 million daily active users worldwide, on both iOS and Android devices.  By Romanita Oprea   TikTok is a mobile app where users post short videos, usually around 15 seconds long, producing what is known as […]

The COVID-19 pandemic took a painful toll on Romania’s economy in the second quarter of 2020, when gross domestic product (GDP) plunged by 12.2 percent compared to the previous quarter. But despite the fact that most restrictions were lifted during last summer, the economy has struggled to recover amid weak external demand, poor agricultural output, […]

Romania is on the 20th place in a ranking of the countries that have raised the most investments in the fintech field, according to tech.eu. By Claudiu Vrinceanu   With five notable financings, Romania is thus in a club of select countries with companies in the fintech sector, being surpassed by countries such as Estonia, […]

Romania was ranked 46th in the 2020 Global Innovation Index. This was reflected in the Global Innovation Index study. The following places were taken by Vietnam (42), Greece (43), Thailand (44) and Ukraine (45). Romania’s best ranked neighbors were Hungary (35) and Bulgaria (37). The study, at its 13th edition, is co-published by Cornell University, INSEAD, and […]

Sony Pictures Networks India has signed a three-year broadcasting deal with the Pakistan Cricket Board (PCB), making them the fifth cricket board to do so and rounding out an increasingly impressive-looking cricket portfolio.   The deal gives Sony the right to broadcast all of Pakistan’s home international Tests, One-Day Internationals, and T20-Internationals as well as […]

Deloitte was ranked the most valuable and strongest commercial services brand in the world for the third consecutive year, according to the Global 500 2021 report, released by Brand Finance, an independent brand valuation consultancy firm recognized worldwide. The global ranking is based on calculations of the overall brand value and of the relative strength […]

The European Commission said Friday it has opened an in-depth investigation to assess whether Romanian support measures in favor of energy holding CE Oltenia are in line with EU rules on state aid to companies in difficulty.

Romania's finance ministry launches three new bond issues for the general population Monday, February 8, which can be subscribed by February 24.

Romania's telecom regulator ANCOM plans to hold a 5G license tender in the third quarter of 2021, after postponing it repeatedly since 2019.

Private equity firm Abris Capital, which owns four companies in Romania, chose a wait-and-see approach in Romania in 2020, which it saw as a time of protection and consolidation of position. However, it bets on growth in 2021.