Romania Feed

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. Robustness is paramount amid economic shocks and the CEE banking sector is still very fragmented, with a number of players with marginal market share, the study explains.

Romania was one of the busiest markets in Central and Eastern Europe in terms of banking sector mergers and acquisitions, with three transactions in 2020, according to the Deloitte CEE Banking M&A study released Thursday.

Many of us managing businesses large and small understand the importance of SMS marketing. This type of interaction allows for a genuine, intimate conversation between a brand and the consumer, resulting in additional sales, a more informed customer base, and a stronger sense of brand loyalty.   When it comes to setting up SMS outreach […]

The pandemic brought a new trend in logistics as companies start to prefer smaller, local spaces to large, regional hubs, particularly in the retail/FMCG sector, Vlad Mustata, Associate Industrial Agency at Colliers International, told Ziarul Financiar in an interview.

Romania's government late Wednesday approved the norms extending a nine-month moratorium on bank loan repayments for debtors affected by the pandemic, after the previous moratorium expired at the end of 2020.

Globalworth, the biggest office owner in Romania, has signed a leasing contract for Globalworth Square with global software service company Wipro, which will occupy 11,000 square meters.

Home appliances manufacturer Electrolux, which owns a plant in Satu Mare in Romania, posted growth again in 2020, despite the Covid-19 pandemic that wreaked havoc in the economy.

The property investment volume in Romania in 2020 is estimated at EUR900 million, 30% higher compared with 2019, real estate consultancy company JLL said in a report Thursday.

Deliveries contributed more than 20% to the revenue of restaurants, coffee and cake shops, so Romanian consumers spent about EUR500 million in 2020 to get the food, coffee and cakes they would previously eat when going out delivered to their homes.

Romania's general consolidated budget posted a deficit of RON101.92 billion in 2020, or 9.79% of the gross domestic product, finance ministry data showed.

The loan volume was lower than the savings consumers and companies kept in banks in 2020, as the loan growth rate slowed down, and the speed of deposits is more than double the increase in loans.

Romania's gross domestic product grew 4.1% in real terms in 2019 compared with 2018, semi-final data from the country's statistics board confirmed Thursday.

Mars, Incorporated today launched #HereToBeHeard, a new global crowdsourcing campaign that elevates the voices of women from all intersections – including race, age, sexuality, religion and ability – to help shape a more inclusive business environment and create a world where all women can thrive.   As part of the company’s Full Potential platform for action on […]

Vodafone Romania has been certified as Top Employer by the Top Employers Institute, a global authority on recognizing excellence in Human Resources practices.

Digital Kitchen, a company focused on E2E implementation and the creator of digital project management as a service enters into a partnership with VTEX, one of the largest eCommerce platforms in the world, with an office in Romania as well. This partnership will help online stores to migrate to a top platform and, indirectly, will […]

TechAngels, the largest network of angel investors in Romania, invested EUR 4 million in 75 startups throughout 2020. 60 of those are brand new entries in the network’s portfolio, while the remaining 15 also received funding from the investors in 2019. The portfolio of TechAngels members now includes 175 startups in various sectors, yet all […]

One United Properties announces the lease agreement with Superbet for an 8,206 square meters office space in One Cotroceni Park building. Superbet will thus move its offices within the mixed project One Cotroceni Park, the largest urban regeneration project in Bucharest developed by One United Properties in Cotroceni area, near Academia Militară. The new office […]

Element Industrial announces the start of a new project, in Buftea Chitila area: Eli Park 3 logistics development, with an area of 72,000 square meters, a total investment of 37 million euros. The new logistics park will be built in several phases, the first consisting of a distribution center of 18,500 square meters.   The […]

Romanian software solutions provider Atta Systems (formerly known as AB4 Systems) on Wednesday said it would open an office in Singapore, whereby it seeks to encourage digital transformation in the region by providing services of software development and software products strategy, thus consolidating its activity in Asia.

Dunwell, the only exclusive real estate broker in Romania has secured the relocation of Boutique Mall in a new warehouse of 3.700 sqm within CTPark Bucharest North Boutique Mall, one of the largest online retailers of casual and luxury footwear and clothing in our country, relocates its logistics from downtown to North Bucharest, in an […]