Immofinanz AG Takeover of Immo Gets Antitrust Clearance
09.20.2018
Romania’s Competition Council has cleared the deal whereby Immofinanz AG acquires real estate company S Immo AG and the five companies it owns, the antitrust body said Thursday.
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Online Sales Account For 66% Of Photo Retailer F64’s Total Sales 10.19.2018
Online sales of photo and video retailer F64, the largest player on the local photo-video equipment retail market, account for 66% of total sales. more
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Daniel Guzu, Duraziv: We’re Investing EUR2M In New Metallic Profile Plant 10.19.2018
Businessman Daniel Guzu, who owns construction materials manufacturer Duraziv and has agricultural operations, says he will build a new metallic... more
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Ford Production Overshoots 100,000 Car Mark In Craiova, Starts Investments To Add Second Model 10.19.2018
The production of the Ford plant in Craiova rose to almost 104,000 EcoSport SUVs in the first nine months of the year, twice and a half more than... more
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Study: Cigarette Contraband Decreased Between July And September 10.18.2018
The cigarette black market in Romania accounted for a lesser share of total consumption in September, dropping to 15.3%, a 2.9% decrease from the... more
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Industrial Space Deliveries To Top 1M Sqm in 2018, 70% Up on Year 10.18.2018
Industrial space deliveries will record the most spectacular growth in recent history this year, exceeding one million square meters delivered in a... more
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Saint-Gobain Reopens Isover Glass Wool factory in Ploiesti after EUR5M Upgrade 10.18.2018
Saint-Gobain has reopened the Isover glass wool insulation factory in Ploiesti, southern Romania, after two years of suspended activity and a EUR5... more
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Competition Council Slaps Gambling Company Westgate Romania With EUR50,000 Fine 10.18.2018
Romania’s antitrust watchdog has fined gambling company Westgate Romania SRL a total RON229,496 lei (nearly EUR50,000) for putting an economic... more
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Romania’s CITR Opens Office In Cyprus 10.18.2018
Casa de Insolventa Transilvania (CITR), the main player on the Romanian insolvency market in the last ten years, takes its first step towards... more
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Petrolexportimport Enters Bankruptcy Procedure 10.18.2018
Romanian fuels wholesaler Petrolexportimport (PEI.RO) will enter a simplified bankruptcy procedure, following approval by by the Bucharest Court,... more
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Romania Car Market Hits Ten-Year High In January-September 2018 10.18.2018
Car sales in Romania grew 20.2% year-on-year in January-September 2018, to 134,831 units, a record high of the past decade, data from the... more
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Kaufland Romania CEO Marco Hössl Takes Reins Of Czech Republic Operations, Too 10.18.2018
Marco Hössl, the CEO of Kaufland Romania and the Republic of Moldova has also taken the reins of the operations in the Czech Republic of the... more
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Developers Blame Slower Sales Of New Apartments On Labor Shortage 10.18.2018
New apartment sales continue as planned at there is no decline in demand, the real estate developers in Romania say, considering the number of... more
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Watford Insurance Enters Romanian Market 10.17.2018
Watford Insurance Company Europe, a subsidiary of global insurance and reinsurance group Watford Re Ltd., launched its operations in Romania... more
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SMEs May Access EUR29M in State Aid for IT Projects Starting December 10.17.2018
Small and medium-sized enterprises (SMEs) and micro-enterprises will be able to access funds totaling over EUR29 million for development, research... more
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Spaces Rents 4,100 Sqm in Expo Business Park in Northern Bucharest 10.17.2018
Spaces, a dutch concept of flexible work space, part of International Workspace Group, has signed a five-year lease for 4,100 square meters of... more
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Veranda Mall Owner Gets EUR34M from CEC Bank for Expansion 10.17.2018
Andrei Pogonaru, owner of the Veranda shopping center in Bucharest, has signed two loan agreements with CEC Bank for a total of EUR34 million to... more
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PwC: Salaries in Private Sector Grew 6.4% in 2018 10.17.2018
Salaries in the private sector in Romania grew by an average 6.4% in 2018, slightly above the planned levels of 5.7%, according to PwC Romania's... more
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Caro Hotel Complex Completes EUR3M Room Upgrade Investment 10.17.2018
The refurbishment of the 85 rooms of the Caro Hotels complex on Barbu Vacarescu in northern Bucharest has been completed, following an EUR3 million... more
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Local IT Industry To Reach 400,000 Employees In 14 Years 10.17.2018
The local IT industry is currently employing 110,000 people, and most of them work in IT outsourcing and support centers that multinationals opened... more
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Romania Registers 42,522 Real Estate Deals in September 10.16.2018
The number of real estate deals in Romania stood at 42,522 in September, 1,900 more compared with August, according to the national cadastre agency... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
