Romania Feed

After a 1.2% increase in November 2020, housing prices in Romania also had a positive evolution in December 2020. According to Imobiliare.ro index, the average asking prices for housing in Romania grew by 1.5% in December, from EUR1,351 to EUR1,371 per square meter.

What will make the difference this year? What are the trends that will transform the economic landscape? How should we act to achieve sustainable results and maintain business resilience? These are the questions that the executives I talked to during this period are asking themselves. An analysis by Valoria reveals the main trends for 2021.  […]

For most of us this Christmas included a careful positioning of a laptop at the dining table in place of those missing loved ones. It also included pointing opened presents towards the camera as we shared what Santa Claus (with his mask of course) had brought for us. By Colin Lovering, Business Performance Advisor/Trainer – Brainovate […]

Romanian companies are inclined to increase their spending on enhancing the cybersecurity of their business, indicates a study commissioned by Safetech Innovations, a Romanian cybersecurity company. Despite the significant increase in the number and sophistication of cybersecurity attacks, only four out of 10 companies are concerned about the possibility that their company could be a […]

2020 is going to be remembered not just as the year of the pandemic, but also the year when e-commerce crossed the chasm from niche to mainstream, the industrial and logistics segment seems to be the star of the real estate segment right now. By Anda Sebesi   The pandemic has placed the industrial and […]

Following a rollercoaster year for mergers and acquisitions (M&A), the increase in year-over-year (YoY) value of deals recorded since the beginning of Q3 is likely to continue into 2021, as companies position themselves for improved economic activity and reframe their future for the post-COVID-19 pandemic era. This is according to EY research looking at global […]

Romania’s Prime Minister Florin Citu announced Monday evening that state-owned companies with losses will receive state budget funds only based on restructuring plans.

France’s Credit Agricole group has sold its Romanian operations, Credit Agricole Romania, a small bank, which it has been trying to sell for a while now. The buyer is Vista Bank, formerly Marfin Bank, now owned by the Vardinoyannis family from Greece.

Real estate investor Liviu Tudor has bought the Inscut site in the Preciziei area (west side of Bucharest) in a deal put at some EUR3 million, real estate market sources say.

Romania’s economy will grow in 2021 but will not reach the 2019 level. However, not all sectors will feel it, since sectors like hospitality and food service industry and travel will remain affected, the economic analysts ZF polled say.

Vista Bank announces the agreement with Crédit Agricole Group for the acquisition of the shares (100 percent) in Crédit Agricole Romania. The acquisition is pending to the approval by the National Bank of Romania and the Romanian Competition Council and is expected to be finalized during the 1st  half of the year. Once the acquisition […]

The Enel Group, through its subsidiary Enel Generación Chile, disconnected and ceased operations at Unit I of Bocamina coal-fired power plant, which is located in the Chilean municipality of Coronel. The 128 MW Unit I was disconnected three years before the date set in Chile’s National Decarbonization Plan. With this milestone, coupled with the closure […]

The business world is highly competitive, which is why business owners are exerting tremendous efforts in marketing, sales, customer experience, and engagement. While there is little you can do about this when COVID-19 measures are still in effect, the internet is a wonderful tool that can help you achieve all your business goals without you […]

Romania's finance ministry on Monday raised 1 billion lei (EUR205.37 million), versus its RON700 million target, selling bonds maturing in November 2024 at an average yield of 2.6%, central bank data showed.

Romania's foreign exchange reserves grew to EUR37.379 billion at the end of December from EUR33.393 billion at the end of November, central bank data showed Monday.

New car registrations in Romania decreased 21.79% in 2020, to 126,351 units, compared with 161,562 units in 2019, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Monday.

Insolvencies, the harshest index for companies after the 2008 economic crisis, reached the lowest level of the past decade, at the end of 2020, with only 5,600 firms filing for insolvency, 10% fewer compared with 2019, according to Ziarul Financiar (ZF).

Romania’s economy should grow by 4%, recouping only part of the 2020 loss, but the trend is up to many unknowns – first of which the rate of vaccination against COVID-19. Judging by how it started, an average of 1,500 people per day, it would take decades to achieve the 60-70% of the population targeted by authorities.

Romanian state-owned energy utility group Electrica (EL.RO) has announced the completion of the first stage of the merger by absorption of the three electricity distribution companies within the Group, which, became Distributie Energie Electrica Romania SA (DEER), starting January 1, 2021.

Romania’s electricity market will be liberalized starting January 1, 2021, which means that electricity supply prices for household consumers will no longer be regulated by the country’s energy regulator ANRE.