Romania Feed
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ZF English - 08:20 Dec 17, 2020
Fashion retailer C&A, one of the largest in the world, is working with only eight partner factories in Romania, compared with 20 in 2019 and about 40 four years ago. -
ZF English - 07:50 Dec 17, 2020
Local modern retail stores, about 3,500 in various formats, are valued at a little less than EUR10 billion (46 billion lei) in 2020, 21% higher than in 2019. -
ZF English - 18:52 Dec 16, 2020
Investment fund Fondul Proprietatea (FP.RO) announced Wednesday on the stock market the closing of the public tender offer for the purchase of shares or global depositary receipts (GDR). -
ZF English - 14:20 Dec 16, 2020
Shareholders of MedLife (M.RO), the leader of the private medical services market in Romania, on Tuesday approved an increase of the company’s share capital by RON27.7 million, up to RON33.2 million, by issuing a number of 110.7 million new shares, with a nominal value of RON0.25 per share, per a stock market report. -
ZF English - 09:20 Dec 16, 2020
RCS&RDS, part of Digi Communications, has signed a senior facility agreement for two loans amounting to EUR150 million with a banking syndicate consisting of Citigroup Europe- Dublin Romanian Branch, ING Bank-Bucharest Branch and Unicredit Bank, to refinance previous loans and for investments. -
ZF English - 09:08 Dec 16, 2020
Romania's leading electronics retailer Altex announced the opening of a new store in Bucharest following an investment of EUR1 million. -
ZF English - 08:56 Dec 16, 2020
Banks in Romania granted 3.9 billion lei in new leu loans to companies in October, an increase of RON1.3 billion or 50.5% on the year-ago month. Corporate lending reached the highest level of the year in October as well as the highest monthly level in 14 years. -
ZF English - 08:23 Dec 16, 2020
German discount grocery retailer Lidl has opened 33 stores, either built from scratch or relocated this year, nearing 300 stores in Romania. It will continue expansion in 2021, as well. -
ZF English - 07:58 Dec 16, 2020
Computer and electronics retailer Altex, the leader of this market in Romania, has invested EUR27 million in business development this year, choosing to continue expansion despite the COVID-19 pandemic. -
ZF English - 19:33 Dec 15, 2020
The seven pension funds operating on the Romanian mandatory segment, known as Pillar II, had total assets of RON73.1 billion at the end of November 2020, reaching a record level and increasing by nearly 18% since the beginning of 2020, data from Romania’s financial watchdog ASF showed Tuesday. -
ZF English - 19:09 Dec 15, 2020
Romania's economy may perform better in the last quarter of 2020 compared to the EU average, as a result of the dissipation of the basic effects induced by the agricultural sector, Csaba Bálint, member of the Executive Board of Romania’s central bank, said Tuesday. -
ZF English - 18:03 Dec 15, 2020
German-held discount retailer Kaufland, the leader of the local grocery retail market by sales, opened a new hypermarket, in Sovata spa resort (Mures County), on December 15, 2020. -
ZF English - 17:04 Dec 15, 2020
Romanian farmland operator Holde Agri Invest (HAI.RO) said Tuesday in a stock market announcement that Certinvest Management Solutions, a company managed by Eugen Voicu, Legal Representative and Sole Administrator of Holde Agri Invest, sold a total 419,077 shares in the company, at a price of RON1.3 per unit, on December 14. -
ZF English - 16:36 Dec 15, 2020
U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ five people, namely, a store manager, two service technicians, a service manager and a sales advisor. -
ZF English - 16:11 Dec 15, 2020
Laurentiu Duica, Partner & Head of Industrial Agency within real estate consulting firm Colliers International, believes Romania is halfway regarding the development of the logistics and industrial space market which he expects to exceed eight million square meters over the next four-five years, double compared to the current level. -
ZF English - 14:09 Dec 15, 2020
SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software solutions integrator with its main headquarters in Greece and its office in capital Bucharest. -
ZF English - 10:43 Dec 15, 2020
Real estate consulting company Cushman & Wakefield Echinox advised online retailer eMAG on the DEKRA Trusted Facility audit and certification process, which confirms Covid-19 safety measures taken at its warehouses, showrooms and offices in Bucharest and Giurgiu county are up to par. -
ZF English - 09:54 Dec 15, 2020
Romanian nuclear power producer Nuclearelectrica (SNN.RO) has signed a RON242.5 million bilateral contract to provide electricity to Slovenia's GEN-I throughout 2021. -
ZF English - 09:47 Dec 15, 2020
The residential sector remains one of the most attractive investments on the Romanian real estate market, with yields above other countries in the region, attracting local and institutional investors who buy thousands of apartments with minimum yields of 6.5%-7%, a report by JLL showed Tuesday. -
ZF English - 09:28 Dec 15, 2020
Lender Patria Bank (PBK.RO), 83.2% owned by investment fund EEAF Financial Services Amsterdam, listed corporate bonds totaling EUR8.19 million on the Bucharest Stock Exchange Tuesday, under the symbol PBK28E.