Companies Called To Reveal Who Their Real Shareholders Are
03.04.2020
Law 129/2019 published in the Official Gazette of Romania on July 18, 2019, requires companies to notify the Trade Register who the real owners are, i.e. those who own at least 25%, either upon registration or in an annual filing.
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Autoliv Cuts Expenses and Part of Employee Benefits to Cope with Coronavirus Crisis yesterday, 19:36
Car safety systems manufacturer Autoliv Romania, the local subsidiary of the Swedish group Autoliv, said Thursday it has temporarily suspended all... more
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Austria's XXXLutz Temporarily Closes mömax Stores in Western Romania yesterday, 18:30
Austrian furniture and home decor retailer XXXLutz, with annual sales of EUR4.65 billion, announced Thursday it was temporarily closing its mömax... more
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Tourism Employers Call for Legislation Change to Protect Seasonal Workers yesterday, 17:03
Romania's employers association in the tourism sector calls for quick legislation changes to allow employees of seasonal business to benefit from... more
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Coronavirus Crisis Depreciates Pension Fund Assets yesterday, 16:02
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the... more
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Renault Extends Activity Halt at Dacia Car Assembly Plant yesterday, 15:28
Groupe Renault Romania announced Thursday it was extending a production halt at the Dacia car assembly plant in Mioveni due to the coronavirus... more
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Tax Office Pays RON4B in VAT Refunds in March yesterday, 15:19
Romania's tax administration agency ANAF refunded RON4 billion in value-added taxes in March compared with a monthly average of RON1.6 billion in... more
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C&W: Shopping Mall Closures Affect Over 9,000 Stores; E-Commerce May Become The Big Winner On Long Term yesterday, 15:08
Romanian authorities’ decision to temporarily close down shopping centers affects over 9,000 stores that were operating within shopping malls, as... more
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Colliers: Online Shopping Could Become More Widespread in the Future yesterday, 13:12
Romanians have gained more confidence in online shopping amid restrictions imposed to limit the spread of Covid-19 and this behavior could become... more
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Compa Sibiu Scales Down Activity, Suspends Individual Labor Contracts For Most Staff On April 1-30 yesterday, 10:52
Romanian car parts manufacturer Compa Sibiu (CMP.RO) has decided to temporarily scale down its activity during the period April 1-30 and suspend... more
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The Surge Before The Freeze: Romania Smartphone Market Up Almost 20% In Value In Jan And Feb yesterday, 09:55
Romania’s smartphone market had stated the year with several percent rise in the number of units delivered and a significant rise in value,... more
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Meat Products Manufacturer Killer Says Export Demand Doubled yesterday, 09:11
Demand for meat products abroad has doubled, once the new coronavirus (SARS-CoV-2) struck, says entrepreneur Alexandru Scheul, who owns meat... more
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Minet Ramnicu Valcea Awaiting Final Approval To Start Making Fabric For Masks And Coveralls yesterday, 09:00
Ramnicu Valcea-based Minet SA, the largest manufacturer of non-woven fabric in Romania, is expecting the necessary approvals from Romania’s... more
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Banca Transilvania Donates EUR665,000 to Hospitals Fighting Covid-19 04.01.2020
Banca Transilvania, Romania's largest lender by assets, has donated EUR665,000 so far to more than 30 hospital sin the country fighting the... more
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NEPI Says Romanian Office Sale Cancellation Not Due to Covid-19 Restrictions 04.01.2020
Property developer NEPI Rockcastle said Wednesday the sale of its Romanian office portfolio to AFI Europe NV fell through due to a breach of... more
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Vivre Deco's EUR3.5M Bonds Get OK for Stock Market Trading 04.01.2020
Romania's financial watchdog on Wednesday authorized the registration of bonds issued by Vivre Deco, one of the largest online retailers of... more
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Antitrust Body Looks into Carbo Europe's Takeover of Carbochim 04.01.2020
Romania's antitrust watchdog said Wednesday it was looking into Carbo Europe's plan to fully take over industrial abrasives manufacturer Carbochim. more
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AFI Europe's Acquisition of NEPI Rockcastle's Romanian Office Portfolio Canceled 04.01.2020
The EUR300 million deal whereby AFI Europe was to acquire NEPI Rockcastle's office portfolio in Romania has been canceled, AFI said Wednesday in an... more
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Trade Register: Just 123 Startups Established In Romania In Jan-Feb 2020 Vs 494 In Year-Earlier Period 04.01.2020
Beginner entrepreneurs established 123 limited liability companies – startups (SRL-D) in Romania in January-February 2020, 371 fewer than in the... more
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Edelman: Consumers Expect Companies To Find Solutions To Coronavirus-Led Crisis 04.01.2020
Companies must come up with solutions to help address the societal challenges posed by Covid-19, instead of selling passion or image, and brands... more
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Allianz SE Reaches 5.09% Ownership in Romanian Power Utility Electrica 04.01.2020
Romanian state-owned energy utility group Electrica (EL.RO) said Wednesday that starting 26 March 2020, entities indirectly held by Allianz SE... more
Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5%
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Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis,
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BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19
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MedLife, the largest provider of private medical services in Romania, is opening a new laboratory for coronavirus tracking and testing,
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ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank
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Czech-held CEZ group has received preliminary financial offers valuing its operations in Romania at EUR1.1 billion to EUR1.3 billion,
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Only 35 of the 209 hypermarkets in Romania are in Bucharest, but they account for a significant portion of sales, contributing more
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Bucharest Stock Exchange (BVB.RO), the operator of the local capital market, has lost 3.9% since the beginning of the week, as seen in
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Top 50 Romanian Brands Worth EUR5B
The 50 most powerful Romanian brands are worth about EUR5 billion, 17% more than in 2018, the latest report of Brand Finance, a global independent branded business valuation consultancy, shows.
