Romania Feed

The household saving rate reached on average 16.9% (a record high) between January and September 2020, higher by 2.3 percentage points compared with the average recorded in 2019, stated Andrei Radulescu, macroeconomic analysis director with Banca Transilvania.

Romanian carmaker Dacia, owned by France's Renault, saw its market share on the local market growing to 32.4% at the end of 2020, compared with 30% at the end of 2019, the company said Tuesday.

Car production in Romania reached 438,107 units in 2020, 10.67% fewer than 490,412 units in 2019, data from Romania’s carmakers association ACAROM showed Tuesday.

European industrial real estate developer CTP is expanding its industrial park north of the Serbian capital, CTPark Belgrade North, following the purchase of a 28,500 m2 warehouse and adjacent land for further development from Austrian-based real estate developer Eyemaxx. As a result, the overall capacity of CTPark Belgrade North now stands at 50,000 m2, with the landbank enabling […]

Metropolitan Life, one of the most important players on the life insurances and private pensions market in Romania, together with the Children’s Forest Association, announces the planting of a forest on two hectares, one for each individual policy signed in 2020. The trees were planted in Gârbovi and Colelia from Ialomița County.   „The partnership with […]

The Romanian mergers and acquisitions (M&A) market recorded 91 transactions in 2020, compared to 110, in 2019. According to Deloitte estimations, the total market value, including the transactions with undisclosed values, was of 3.7-4.3 billion euros in 2020 (compared to 4-4.4 billion euros in 2019), while  transactions with disclosed value totalled 1.5 billion euros (compared […]

The global economy is projected to grow in 2021 by around 5%, the fastest rate recorded in the 21st century, returning the global economy in aggregate to pre- pandemic levels of output by the end of 2021 or early 2022, according to PwC Global Economic Watch 2021.   While the global economy is likely to […]

Romania's Competition Council on Tuesday said it has fined the association of financial companies in Romania (ALB) and 16 member companies a total RON41.2 million (nearly EUR8.47 million) for breaching antitrust laws, by participating in an exchange of commercially sensitive information.

DRUID, a company specialized in developing intelligent virtual assistants (chatbots) for Enterprise organizations, announces the attraction of a new round of financing of USD 2.5 million. The round was led by GapMinder Ventures fund with USD 2.2 million. The rest of the amount was invested by Early Game Ventures and private investors. Thus, DRUID becomes […]

Romania’s economy may see an annual average growth of 2.5% between 2020 and 2022, backed by a 6.7% increase in productive investments, against the backdrop of a favorable evolution in 2019, real financing costs staying at a reduced level and implementing the programs launched by the European Union for 2021-2027, Andrei Radulescu, macroeconomic analysis director with Banca Transilvania, said in an analysis.

Iulius Town Timișoara, an urban regeneration project developed by companies IULIUS and Atterbury Europe via a EUR 442 million investment gained international recognition for its integrated mixed-use concept, its positive impact in the community and for innovation. The only mixed-use project in the west of the country was named the „5 Star Winner Best Mixed […]

 To improve people’s health and to protect our planet, Bosch is counting on AIoT, taking advantage of the possibilities offered by data, artificial intelligence, and the internet of things to benefit people and the environment with technical solutions. “We combine AI and connectivity to form the AIoT, which helps us improve energy efficiency and fight […]

Delia Iliasa will take over the responsibilities related to the commercial development of the company, and Andrei Vasile, co-founder of SanoPass, will keep his role of Managing Partner with responsibilities in the area of ​​Business & Product Development.   Currently, the SanoPass network has over 850 clinics and 10,000 users. With the takeover of the […]

Globalworth, the leading office investor in Central and Eastern Europe (CEE), announces the appointment of Marian V. Popa as Managing Director for Romania with effect from 1st March 2021. As Managing Director, Marian V. Popa will be responsible for managing the company’s activities in Romania, focusing on operational, administration and business development matters, and will […]

The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alone.

Moderna Switzerland GmbH, the International Operations headquarters of Moderna, a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, provided a distribution update for the COVID-19 Vaccine Moderna in the European Union and the EEA Member States, Norway and Iceland, including the beginning of deliveries of the vaccine on Monday, January 11, 2021. All shipments of the COVID-19 Vaccine […]

Romania's biggest online retailer eMAG is expanding its Genius delivery service to Craiova, Ploiesti, Galati, Braila, Sibiu, Pitesti and Buzau, the retailer said Tuesday.

December was the fourth consecutive month of growth in new vehicle registrations in Romania, although the market registered an overall contraction of 22.6% for the full year, data from the country's Automotive Manufacturers and Importers Association (APIA) showed Tuesday.

DRUID, a local startup specialized in developing chatbots, has attracted new financing totaling $2.5 million in a financing round led by investment fund GapMinder with $2.2 million.

The office market in Romania contracted 36% in 2002 from a record level of 470,000 square meters registered in 2019, to just 300,000 sqm, real estate consultancy company JLL Romania said in a report Tuesday.