Romania Feed

Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, registered a 69.7% decline in traffic on the year to 4,468,906 million passengers in 2020, against the backdrop of the COVID-19 pandemic, the Bucharest National Airport Company (CNAB) said Thursday.

European commercial real estate developer CTP has the most environmentally-friendly industrial real estate portfolio in Central and Eastern Europe. In total, 292 CTP buildings at around a hundred different locations in six countries have confirmed their BREEAM In-Use status at the Very Good level or higher. A number of properties have reached the Excellent level. […]

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. […]

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office market, announces the signing of a lease contract for Globalworth Square. Wipro, a leading global information technology, consulting and business process services company, will become the main tenant of the most technologically advanced office building in the […]

Geanina Ungureanu (IMMOFINANZ Romania Senior Leasing and Asset Manager Retail) returns as a speaker at BR’s annual conference re:FOCUS on eCommerce, Retail & Logistics, which will take place in an online format on February 10, 2021.   Geanina Ungureanu occupies her current role at IMMOFINANZ Romania since October 2018. A skilled professional with almost 15 years […]

Catalin Pozdarie (CEO Hervis) returns as a speaker at BR’s annual conference re:FOCUS on eCommerce, Retail & Logistics, which will take place in an online format on February 10, 2021. The Hervis Sports Romania CEO will take part in a highly anticipated panel titled eCommerce and the Digital Transformation of Retail.   With an experience of over […]

Romanian state-owned lender CEC Bank is launching a personal loan with a fixed interest rate of 10.40% per year, which can be contracted exclusively online, without making any trips to the bank, via the CEC_IN platform.

Shareholders of Romanian regional investment fund SIF Moldova (SIF2.RO), which is changing its name to Evergent Investment, on Thursday (Jan 28, 2021) elected a new Board of Directors, for a four-year term, from April 5, 2021 until April 5, 2025.

Romania's leading electronics retailer Altex wants all stores, logistics parks and entities in its group to produce and use renewable energy, with the installation of solar panels, and total investments to this end have exceeded EUR1 million so far.

Having navigated the company’s human resources activities during a truly tumultuous year, Anca Bancu (Marcu) sat down with Business Review for her first interview since her appointment as Vodafone Romania’s HR Director and Board Member in March 2020. Thus, the BR exclusive #HRSpotlight2021 interview marks a premiere in which the Vodafone Romania HRD shared her insights about […]

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. Robustness is paramount amid economic shocks and the CEE banking sector is still very fragmented, with a number of players with marginal market share, the study explains.

Romania was one of the busiest markets in Central and Eastern Europe in terms of banking sector mergers and acquisitions, with three transactions in 2020, according to the Deloitte CEE Banking M&A study released Thursday.

Many of us managing businesses large and small understand the importance of SMS marketing. This type of interaction allows for a genuine, intimate conversation between a brand and the consumer, resulting in additional sales, a more informed customer base, and a stronger sense of brand loyalty.   When it comes to setting up SMS outreach […]

The pandemic brought a new trend in logistics as companies start to prefer smaller, local spaces to large, regional hubs, particularly in the retail/FMCG sector, Vlad Mustata, Associate Industrial Agency at Colliers International, told Ziarul Financiar in an interview.

Romania's government late Wednesday approved the norms extending a nine-month moratorium on bank loan repayments for debtors affected by the pandemic, after the previous moratorium expired at the end of 2020.

Globalworth, the biggest office owner in Romania, has signed a leasing contract for Globalworth Square with global software service company Wipro, which will occupy 11,000 square meters.

Home appliances manufacturer Electrolux, which owns a plant in Satu Mare in Romania, posted growth again in 2020, despite the Covid-19 pandemic that wreaked havoc in the economy.

The property investment volume in Romania in 2020 is estimated at EUR900 million, 30% higher compared with 2019, real estate consultancy company JLL said in a report Thursday.

Deliveries contributed more than 20% to the revenue of restaurants, coffee and cake shops, so Romanian consumers spent about EUR500 million in 2020 to get the food, coffee and cakes they would previously eat when going out delivered to their homes.

Romania's general consolidated budget posted a deficit of RON101.92 billion in 2020, or 9.79% of the gross domestic product, finance ministry data showed.