Romania Feed
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ZF English - 09:10 Nov 11, 2020
Romania's annual inflation rate inched down to 2.2% in October 2020 from 2.45% in September, 2.7% in August and 2.8% in July, data from the country's statistics board showed Wednesday. -
ZF English - 06:00 Nov 11, 2020
The computer and electronics industry put at EUR3.5 billion last year seems to be immune to the pandemic considering people are no longer spending money on vacations, on going out or on clothes but on espresso machines, vacuum cleaners and TV sets. -
ZF English - 05:00 Nov 11, 2020
Kastamonu Romania (formerly Prolemn), held by Turkey’s Kastamonu Entegre, one of the leading wood processing groups in that country, has budgeted investments in boosting production capacity of door veneers and in other upgrades for the fourth quarter. The projects will continue in 2021. -
ZF English - 17:22 Nov 10, 2020
The European Bank for Reconstruction and Development(EBRD) expects Romania's economy will contract by 5% in 2020 and recovery will be slow, with just 3% growth in 2021. -
ZF English - 15:44 Nov 10, 2020
Individual investors bought RON145 million worth of government bonds for the general population in the two days since the issue was launched. -
ZF English - 13:01 Nov 10, 2020
Shareholders of Alro Slatina (ALR.RO), the largest aluminum producer in Romania, have decided at their general meeting of Nov 10 to name Banca Export-Import a Romaniei (Eximbank) as leader of a Syndicate of Banks for a USD235 million credit facility contracted in December 2015 and coordinated at that time by Raiffeisen Bank International. -
ZF English - 11:58 Nov 10, 2020
The COVID-19 pandemic will disrupt consumer holiday shopping plans worldwide, according to the fifth edition of the EY Future Consumer Index released Tuesday. -
ZF English - 11:01 Nov 10, 2020
Apartment prices in Romania’s large cities grew 2.4% in October 2020, after a decline of 0.9% in September, despite the COVID-19 pandemic. -
ZF English - 09:39 Nov 10, 2020
Braiconf Braila Closes Stores In Shopping Malls; Announces New Concept And Reopening Of Units Abroad
Romanian apparel maker Braiconf Braila (BRCR.RO) has decided to change the strategy regarding its retail segment and will be closing a significant part of its stores located in shopping malls. -
ZF English - 09:18 Nov 10, 2020
ManpowerGroup, specializing in recruiting services, has leased 1,063 square meters within The Light One office building developed and held by River Development, in order to expand its activity. -
ZF English - 09:17 Nov 10, 2020
Fashion Days, the largest online fashion retailer in Romania, expects to end the year with some 550 million lei sales on the local market, an increase of more than 60% on the previous year, when local sales stood at RON325 million. -
ZF English - 08:58 Nov 10, 2020
Packaging manufacturer Promateris, formerly known as Prodplast, plans to make a EUR7 million investment in a new biodegradable packaging plant in Crevedia, Dambovita County. -
ZF English - 08:53 Nov 10, 2020
The average net salary in Romania grew 1.4% in nominal terms in September 2020 compared with August 2020, to 3,321 lei (around EUR682), data from the country's statistics board showed Tuesday. -
ZF English - 08:10 Nov 10, 2020
Unilever group, one of the largest actors on the fast-moving consumer goods market, is developing manufacturing operations in Romania by investing in the plant in Ploiesti to meet rising demand for food. -
ZF English - 14:55 Nov 09, 2020
Europeans have an average per capita purchasing power of EUR13,894 in 2020, down 5% on the year, but disposable income among the 42 studied countries varies significantly, according to the GfK Purchasing Power Europe 2020 study. -
ZF English - 14:03 Nov 09, 2020
Romania's finance ministry on Monday raised 923.9 million lei (EUR189.8 million), versus RON600 million planned, selling bonds maturing in January 2028 at an average yield of 3.04%, central bank data showed. -
ZF English - 13:58 Nov 09, 2020
Romania's finance ministry on Monday raised a planned 400 million lei (EUR82 million) selling treasury bills maturing in May 2021 at an average yield of 2.32%, central bank data showed. -
ZF English - 12:51 Nov 09, 2020
ASBIS Romania, the local subsidiary of Cyprus-based IT&C distributor ASBIS, expects a nearly 25% increase in turnover at the end of 2020, up to RON212.8 million ($51.9 million). -
ZF English - 12:03 Nov 09, 2020
Parcel delivery service company DPD has leased new storage space totaling 5,500 square meters, in the cities of Arad, Bucharest and Brasov, in order to expand its capacity on a regional level, considering that the electronic commerce in Romania has potential to see the biggest growth in the European Union in 2020.
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