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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Nuclearelectrica Approves Dividends of RON485.4M yesterday, 18:44
Shareholders of Romania's state-owned nuclear power producer Nuclearelectrica on Monday approved the distribution of dividends totaling RON485.4... more
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GfK: Nearly Half of Romanians Want to Get Loans in Next 6 Months yesterday, 17:51
Around 44% of Romanians intend to get a loan in the next six months and just 8% are completely certain they won't resort to this financing option,... more
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PwC: Romania Real Estate Prices Nearly 40% Below Prices Of 2008 Boom Period yesterday, 14:15
Prices on the Romanian real estate market remained 30-40% below the prices registered during the period of the real estate boom in 2008, despite a... more
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Romania Grants RON360M State Aid To Five Companies For Investment Projects Worth RON1B yesterday, 13:49
Romania’s Finance Ministry has signed five financing agreements for the granting of state aid worth a total RON360 million to companies... more
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TAP Air Portugal Leaves Romania yesterday, 13:03
Portuguese airline TAP Air Portugal will no longer operate direct Lisbon-Bucharest flights starting January 27, 2019, citing lack of profitability... more
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Oltchim Completes Asset Sale Agreement With Chimcomplex yesterday, 12:46
State-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Monday announced the completion of the asset sale agreement with chemical producer... more
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Toy Retailer Jumbo Headed to 1,000 Employees yesterday, 07:00
Greek-held toy retailer Jumbo has grown to more than 900 employees in Romania in the first half of 2018, according to publicly available data, as a... more
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Construction Entrepreneur: In 2008-2016 There Were No Investors, Now There Are No Employees yesterday, 00:00
Construction company Ecoterm held by three Romanian entrepreneurs, expects EUR9 million revenue in 2018, and EUR12 million to EUR14 million revenue... more
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Online Socks Store Madam Mitza Wants External Sales To Generate 10-15% Of Its Revenue In 2019 12.07.2018
Madamitza.com, the online store specialized in selling colored socks, has also expanded into the European market in 2018, through Amazon, the... more
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Next Capital Turnover Up 22% In January-October 2018 12.07.2018
Next Capital reported a 22% higher turnover in the first ten months of 2018, the equivalent of an increase of RON29 million compared with the same... more
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Eurostat: Number Of Air Passengers Carried In 2017 Grew 18% In Romania 12.07.2018
The number of air passengers carried in 2017 grew by 18% in Romania, placing the country third in Europe, according to data provided by Eurostat,... more
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Tohani Winemaker Owner Virgil Mandru Starts New Premium Wine Project 12.07.2018
The owner of winemaker Tohani, one of the largest in Romania’s winemaking industry, Virgil Mandru, has teamed up with entrepreneurs Razvan Macici... more
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OTP Chairman Sándor Csányi Plans To Develop Real Estate Projects In Oradea 12.07.2018
Sándor Csányi, one of the richest men in Hungary and also the chairman of OTP Bank has real estate operations in Romania, having got two plots of... more
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Romanians Seen Spending EUR1B on Cellphones in 2018 12.07.2018
Romanians could spend EUR1 billion on cellphones in 2018, as the value of the market has already risen 30% in the first ten months to more than 3... more
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Sportisimo To Open Store Within Shopping Center Botosani, Reaching 16 Units In Romania 12.06.2018
Czech sporting goods retailer Sportisimo, which has been operating on the local market for three years, will be opening a store within Shopping... more
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FAN Courier Headed Towards EUR145M Turnover In 2018 12.06.2018
FAN Courier, the leading courier service company in Romania, expects a turnover of EUR145 million in 2018, up 15% year-on-year. more
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GfK Romania: Consumer Goods Sector Grows 6.4% in Jan-Sept 12.06.2018
Romania’s fast moving consumer goods (FMCG) sector grew an annual 6.4% in January-September, mainly due to higher prices considering consumers... more
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Olympus Dairy Producer Expects EUR100M Revenue in 2018 12.06.2018
Fabrica de Lapte Brasov, the producer of the Olympus, Oly, Fabrica Brasoveanu and Stragghisto dairy products, expects revenue to go up 10% in 2018... more
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Supermarkets and Apartments Replace Car Showrooms in Prime Locations in Bucharest 12.06.2018
Car showrooms used to be located in areas rather far from the city center or in the outskirts 15 to 20 years ago, but the expansion of Bucharest... more
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Govt Preparing Legislation on Fiscal Consolidation Intra-Group Profits 12.06.2018
The fiscal consolidation of profits and losses of companies part of the same group, differentiated VAT for vouchers and elimination of the split... more
The non-performing loan rate in Romania's banking system stood at 5.56% at the end of the third quarter of 2018, down 15 basis points
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State-run chemical plant Oltchim on Tuesday notified chemical producer Chimcomplex Borzesti, which had bought a large part of
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Insurance companies licensed and regulated by Romania’s Financial Supervisory Authority (ASF) underwrote gross premiums of RON7.47
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Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual
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Foreign direct investments (FDIs) in the four counties in Romania’s West Region - Timis, Arad, Hunedoara and Caras-Severin- doubled
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Belgian real estate developer has started work on Record Park, the first mixed-use urban regeneration project in Cluj-Napoca, in a
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The number of hotels in Romania will increase in the next two years by 11 new units affiliated to international chains, of which seven
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French-held sporting goods retailer Decathlon will be opening Thursday its fifth store in capital Bucharest, within Veranda shopping
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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.
