Romania Feed
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ZF English - 07:35 Nov 26, 2020
Most major banks in Romania posted lower profits in the first nine months compared with the year-ago period, due to the effects of the pandemic, which forced them to set aside larger provisions. -
ZF English - 15:13 Nov 25, 2020
Romania's financial regulator has approved the registration in view of trading for bonds issued by Agroserv Mariuta SA, which owns the dairy brand Laptaria cu Caimac. -
ZF English - 14:24 Nov 25, 2020
Shareholders of organic fertilizer producer Norofert (NRF.RO) on Wednesday approved the company's stock option plan and a share capital hike by a cash contribution of RON220,000 and issuing new shares. -
ZF English - 14:12 Nov 25, 2020
In Romania 46% of investors cancelled, decreased or paused investments, while 51% did no changes or increase in their investment plans, according to the EY Attractiveness Survey Romania, the first EY attractiveness survey dedicated to the Romanian market. -
ZF English - 10:50 Nov 25, 2020
Romania will be receiving a first tranche of EUR3 billion from a European Union loan under the SURE support instrument, finance minister Florin Citu announced Wednesday. -
ZF English - 10:37 Nov 25, 2020
Lawyers of PeliPartners law firm have assisted real estate developer Jupiter Group throughout the process of selling Jupiter City Shopping Center to Austria’s private real estate company Supernova. -
ZF English - 10:19 Nov 25, 2020
Expo Market Doraly, one of Romania’s biggest shopping parks specialized in home items and food products, located in the township of Afumati (Ilfov county), will be hosting a new cash&carry store brand, called Noi, as of the end of November 2020. -
ZF English - 09:55 Nov 25, 2020
Nusco Imobiliara, a real estate developer held by the Nusco Family, has started a new residential project in Bucharest’s Pipera area, where it also has the Pinum showroom and a door factory. -
ZF English - 08:17 Nov 25, 2020
Paver manufacturer Elis Pavaje in Alba County, posted growth of about 20% in revenue in the first half, compared with the year-ago period, and expects full-year growth to be even higher, its officials say. -
ZF English - 07:47 Nov 25, 2020
Retailers and especially the online ones have started to diversify portfolios to be able to cope with fiercer and fiercer competition and meet customer demand to find everything in one place. -
ZF English - 16:08 Nov 24, 2020
Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to monetary policy conduct in 2020, according to the meeting's minutes released Tuesday. -
ZF English - 14:20 Nov 24, 2020
German discount chain Lidl announced Tuesday it was extending employee benefits and will be doubling Christmas bonuses this year up to RON800 per employee, as well as new life insurance that includes Covid coverage. -
ZF English - 13:19 Nov 24, 2020
Romanian airline Blue Air on Tuesday said it would introduce daily flights on Bucharest (Romania) - London Heathrow (UK) route, starting December 1, 2020, due to increased demand. -
ZF English - 12:42 Nov 24, 2020
Nearly 650,000 square meters of warehouses, or 15% of the total, are unoccupied at present; the value of these unused spaces reaches approximately EUR6 million, which does not include the costs of logistics services, per an analysis by Storage Logistics. -
ZF English - 11:28 Nov 24, 2020
Romania is represented with 58 companies, fewer by three firms than in the previous year, in a ranking of 500 largest companies in Central and Eastern Europe (CEE) by turnover in 2019, compiled by Coface rating agency, placing the country fourth in the region. -
ZF English - 11:02 Nov 24, 2020
Romania's Competition Council said Tuesday it was analyzing the deal whereby OLX Global BV intends to acquire Kiwi Finance SRL, the largest loan brokerage company on the Romanian market. -
ZF English - 10:51 Nov 24, 2020
Private lending in Romania grew 0.6% in nominal terms and 0.4% in real terms in October compared with September, to RON279.172 billion, central bank data showed Tuesday. -
ZF English - 09:54 Nov 24, 2020
VTEX, one of the world’s leading e-commerce platforms, is accelerating its expansion in the region of Central and Eastern Europe (CEE) by concluding new partnerships in Bulgaria and Poland, which it will be coordinating from its office in capital Bucharest. -
ZF English - 09:30 Nov 24, 2020
Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and, despite being more adequate than the previous one forecasting a 3.8% decline of the real GDP, seems more optimistic relative to the evolution of the economy and the COVID-19 pandemic. -
ZF English - 08:48 Nov 24, 2020
The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion.