Romania Feed

The roofing market will grow this year, actors in the industry say. The growth may be slower than last year, but even so, the market will grow. Demand for more expensive premium products will increase, they add, and new build and renovation will account for similar shares in the total.

The property management division of real estate consulting firm Colliers International manages a total portfolio of over half a million square meters of office and industrial space, of which 345,000 sqm in capital Bucharest, per data from Colliers representatives.

Romania's seasonally adjusted unemployment rate fell to 4.9% in December 2020, lower by 0.2 percentage points than 5.1% in November 2020, data from the country's statistics board showed Monday.

Belgian-held logistics space developer WDP, one of the most active investors on the Romanian market, has EUR116 million investments planned for Romania over the next three years.

Online furniture and home décor retailer Vivre posted growth of 45% in sales to more than EUR60 million in 2020.

Experts of KeysFin, one of business information providers in Romania, expect the Romanian economy to grow by 2.5% to 3.5% in 2021.

On any given day, construction sites can be quite hectic. Mostly, the personnel’s work involves the usage of heavy machinery and equipment that could put their lives at risk. For that matter, the use of safety tags is very crucial in a construction site. Tagging is actually a common form of communication used in these […]

Shareholders of state-run oil transporter CONPET Ploiesti (COTE.RO) will be discussing in their general meeting of March 11 a decision to increase the company’s share capital by RON108.8 million.

An irrevocable ruling handed down by the supreme court in a EUR 5.5 million arbitration ends a nine-year-long dispute whereas Țuca Zbârcea & Asociații represented a private company.   The dispute arose from a contract concluded in 2007. Under such contract, a private company had undertaken obligations to design, deliver, install and train the beneficiary’s […]

Global technology leader Xiaomi today introduced a brand new form of charging – Mi Air Charge Technology. Revolutionizing the current wireless charging methods, Mi Air Charge Technology enables users to remotely charge electronic devices without any cables or wireless charging stands. Mi Air Charge Technology – 5W remote charging The core technology of Xiaomi’s remote […]

Despite the uncertainty of 2020, IPO investors enjoyed a prosperous year as IPO activity proved resilient to the impact of the COVID-19 pandemic supported by low interest rates and expansionary monetary policies. Global IPO volumes continued to accelerate, increasing by 19% to 1,363, while proceeds increased 29% year-on-year to a total of US$268b. This strong […]

REGINA MARIA Healthcare Network initiates the first study to evaluate the body’s immune response to vaccination against COVID-19. At the beginning of this year, the World Health Organization (WHO) approved vaccines that have proven their efficacy and safety against COVID-19. The vaccination campaign has started successfully in Romania as well. The next step is to […]

When you just bought or sold a property, the next thing on your list is to attend to the papers that will make the transaction or transfer of property legal and binding. The legal term for this transfer of ownership is conveyancing.    Under ideal circumstances, you can do all these on your own. However, […]

Irinel Popescu, Retail Director at Metro Cash & Carry România, joins BR’s re:FOCUS on eCommerce, Retail & Logistics, which will take place in an online format on February 10, 2021.   Irinel Popescu has been with Metro Romania since December 2016, when he joined the company as Head Of Retail Franchise, before taking on his current role […]

Romanian state-owned hydropower producer Hidroelectrica plans to invest RON170 million in retrofitting works at the Bradisor hydropower plant.

Despite the difficulties and the unprecedented times, Haier Tech Romania, part of Haier Group, announces that the works for the first Haier refrigeration production facility in Europe, are proceeding according to the schedule, with production that is expected to start in the late spring 2021.   This production facility will manufacture best-in-class refrigerators, both built-in […]

One of the top Romanian executives in advertising, Cristiana Belodan, joined Oxygen as Strategy & Transformation Director. Her responsibilities include integrating all resources under the company’s new positioning as a full-service agency, developing and strengthening Oxygen’s services, as well as managing the Strategy and Creative departments. BR talked with her about this professional move, her career, trends, […]

Shares of Romanian cybersecurity company Safetech Innovations started trading on the AeRO market on The Bucharest Stock Exchange Friday under the ticker symbol SAFE.

Shareholders of Rompetrol Well Services (PTR.RO) rejected a proposal by minority shareholder KJK Balkan on the distribution policy for the RON84.37 million profit raised in previous years and approved the dividend policy proposed by majority holder KMG International.

Romania's government raised RON995 million selling bonds to the general population in January 2021, the biggest monthly amount investors subscribed since the start of the program.