Romania Feed
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ZF English - 12:03 Oct 15, 2020
Three in four office tenants expect rent will decline by the end of 2021 and nearly 75% of office tenants and owners think the pandemic will continue to affect their operations, a survey by Colliers International showed Thursday. -
ZF English - 11:21 Oct 15, 2020
The software development center of Dutch ING Group in capital Bucharest has reached 1,000 employees after hiring 200 IT experts in 2020, and plans to continue hiring in the coming months. -
ZF English - 10:05 Oct 15, 2020
The office space surface area traded in capital Bucharest and in Romania’s large cities exceeded 200,000 square meters (sqm) in January-September 2020, of which the net demand accounts for nearly 40%, while relocations and contract renegotiations make up for the rest. -
ZF English - 08:45 Oct 15, 2020
State-owned Eximbank will grant a loan of RON300.8 million to low-cost private airline Blue Air to compensate for the losses directly caused by the coronavirus pandemic, through a government decision of October 14, 2020. -
ZF English - 07:58 Oct 15, 2020
Online retailer evoMAG, held by entrepreneur Mihai Patrascu, expects a nearly 20% increase in sales at this year’s Black Friday sales campaign, compared with 2019, and it decided to increase stocks by 50%. -
ZF English - 07:24 Oct 15, 2020
Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania, appointed Lucian Hoanca to the position of Chairman of the Executive Board, on Wednesday (October 14, 2020). -
ZF English - 07:20 Oct 15, 2020
Flexpresso, a company based in Craiova (southern Romania) makes almost 15 million lei worth of coffee a year which it sells to various businesses. The company makes several types of coffee - instant, ground, or beans, though it started out with coffee pods. -
ZF English - 07:00 Oct 15, 2020
Furniture manufacturer Simex, based in Simleu Silvaniei (Salaj County, NW Romania), posted more than 35.1 million lei (EUR7.4 million) revenue in 2019, an increase of 18% on the previous year, ZF has calculated from Finance Ministry data. -
ZF English - 06:00 Oct 15, 2020
Romanians borrowed more than 1.2 billion lei in mortgage loans from banks in August, the third highest level in the first eight months of 2020 and 3.6% more than in August 2019. -
ZF English - 13:37 Oct 14, 2020
Renault Group will be revealing new images of its future electric vehicles Thursday evening, October 15, including the Dacia Spring, the first fully electric car to be sold under the Romanian brand. -
ZF English - 13:29 Oct 14, 2020
Romcarbon (ROCE.RO), one of the major plastic packaging producers in Romania, said Wednesday it has agreed to sell a plot of land in Iasi to Office & Logistic for EUR250,000 net of VAT. -
ZF English - 12:06 Oct 14, 2020
Israeli real estate developer AFI Europe will be officially opening the AFI Brasov mixed-use project on October 21, 2020, per a press invitation. -
ZF English - 09:52 Oct 14, 2020
Romania's current account balance posted a deficit of EUR5.789 billion in January-August, compared with a deficit of EUR7.099 billion in the same period in 2019, central bank data showed Wednesday. -
ZF English - 09:27 Oct 14, 2020
The Romanian unit of Dutch retailer Used Products, specialized in the sale of new and pre-used products, reported a turnover of over half million euros in January-September 2020, double compared with EUR250,000 reported in the same period in 2019. -
ZF English - 09:13 Oct 14, 2020
Ride-hailing service Yango, owned by Russia's Yandex, will halt operations on the Romanian market after less than a year and a half since entering the market. -
ZF English - 08:01 Oct 14, 2020
Romania’s industrial production decreased by 13.7% as gross series on the year in January-August 2020, and by 14.2% as series adjusted by number of working days and seasonality, the country’s statistics board INS said Wednesday. -
ZF English - 06:42 Oct 14, 2020
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, ended the first half with growth of 8% in revenue on the year-ago period. Schaeffler Romania expects 10% decline in the second half, due to the decrease in orders from its customers. -
ZF English - 06:25 Oct 14, 2020
NY’ER Romania based in Cluj-Napoca, the operator of the local New Yorker stores, posted more than 345.5 million lei (some EUR73 million) revenue in 2019, an increase of 13.5% on 2018, ZF has calculated from Finance Ministry data. -
ZF English - 06:00 Oct 14, 2020
There is room for growth and even doubling of Romania’s food industry, says Jean Richard de Latour, the French executive who runs the local operations of retailer Carrefour. -
ZF English - 15:42 Oct 13, 2020
Bittnet Systems, a local integrator of IT&C solutions, said Tuesday it has successfully negotiated the acquisition of 25% in Softbinator Technologies for an estimated $2 million.