Romania Feed

Spain’s fashion group Inditex, which operates via eight brands in Romania, has closed the Bershka and Pull & Bear stores on the ground floor of the Unirea Shopping Center in downtown Bucharest due to low foot traffic, ZF has found.

Mixit, the Czech company that produces personalized breakfast muesli and lyophilised fruit, expanded to Romania just before Christmas, so that clients from 5 countries can now their customized muesli mix. After the Czech Republic (2010), Slovakia (2013), Poland (2014) and Hungary (2019), Mixit entered the Romanian market at the end of 2020. The expansion will […]

Euroins Romania released a response to ASF regarding the state of complaints. The company shows that it has a decrease in the total number of complaints and they are committed to keep lowering the numbers.  ”Euroins Romania values and puts an emphasis on its relationship, satisfaction, and trust with its customers and partners, which are […]

METRO announces the launch of DISH, a platform that offers digital solutions developed with the support of entrepreneurs in the hospitality industry, to ensure online visibility and increase business efficiency. METRO is a global leader in providing digital solutions to the HoReCa sector and continues to support the digitalization of the hospitality business by developing […]

Samsung Electronics introduced Galaxy S21, Galaxy S21+ and Galaxy S21 Ultra, the latest flagship devices that empower you to express yourself. Made for the way we live now, Galaxy S21 is loaded with state-of-the-art innovations so you can make the most of every moment. The smartphones will be available starting Juanary 29 and prices will […]

Mihai Marcu, Chief Executive Officer and majority shareholder of private medical services provider MedLife, sold a total 300,000 shares in the company on January 11, 2021, within a transaction worth RON3.4 million, according to calculations by Ziarul Financiar, based on a report published Thursday on the stock market.

Shareholders of Romanian property restitution fund Fondul Proprietatea (FP.RO) on Thursday approved the extension of the duration of the Fund until December 31, 2031.

Plant an App, a start-up specializing in low-code technology, announced the closure of the pre-seed funding campaign on Seedblink platform. The campaign goal was reached in just two hours after its public launch – a record time, followed by an oversubscription announcement. In total, Plant an App has reached investment commitments totalling 720,000 euros. This was […]

OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report that its total hydrocarbon production stood at 140,200 boe/day in the fourth quarter of 2020, lower by 7.6% compared with the same period in 2019, per calculations by Ziarul Financiar (ZF).

The rates of residence permits and travel documents for foreign citizens can be paid from January through the over 5,500 SelfPay Payment Stations, as well as through the over 1,000 CEC Bank units.   The payment of these fees is possible based on the partnership between SelfPay and CEC Bank for the supply to the […]

The Procter & Gamble Company (NYSE: PG) today launched its new P&G LifeLab Everyday virtual experience at the first, all-virtual Consumer Electronic Show. This immersive platform, available to virtual CES attendees and members of the public, blends digital exploration with virtual reality to showcase how innovations and technologies inspired by deep consumer understanding can impact […]

Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.   Other segments that can benefit from relatively stable demand […]

December saw a new record increase in the number and value of orders placed online in the stores managed through MerchantPro, the largest local eCommerce platform, by 83 percent and 99 percent respectively, compared to December 2019. The context remained unpredictable and increasingly directed customers to purchase online, gifts, but also food. The average order […]

Romania registered the second largest decline in house prices in the European Union in the third quarter of 2020, of 2.6%, compared with the second quarter of 2020, after Cyprus (-4.8%) and ahead of Italy (-2.5%) and Croatia (-0.6%), data from Eurostat, the statistical office of the European Union, showed Thursday.

Romania has farmers who are shouldering the task of creating a better climate context for the future generations by adapting their tillage and cultivation techniques and making the transition to conservation agriculture. Commoditrader, the digital trading platform for agricultural commodities, supports farmers in the transition process, rewarding them by selling carbon certificates on the international […]

The Board of Directors of TeraPlast SA, the parent-company of the TeraPlast Group, announced Thursday in a stock market the termination of the mandate of non-executive director of Razvan Stefan Lefter, effective January 13, 2021.

Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.

The value of ordered placed online in Romania touched a new record high in December 2020, soaring 99% compared with December 2019.

With online retail among the economic sectors recording positive effects in the Covid-19 pandemic context, TBI Bank and NETOPIA Payments, the most used Romanian online payment processor, have signed an agreement aimed to support merchants accelerate their business. Now, using TBI Bank’s leading digital SME financing solutions, small and medium merchants have the potential to […]

Bucharest general mayor Nicusor Dan said Thursday the city hall intends to acquire state-owned thermal power producer Electrocentrale Bucuresti (ELCEN), which is the capital city's heat supplier.