Kaercher Made EUR60M Worth of Vacuum Cleaners in Curtea De Arges in 2018
02.15.2019
Kaercher’s Curtea de Arges vacuum cleaner plant saw its revenue grow by 20% to more than EUR60 million in 2018. The company budgeted the same growth for this year.
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Aerostar Bacau Net Profit Grows 50% in 2018, to RON79.9M 02.14.2019
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Thursday reported a 50% growth in net profit for 2018, to RON79.9... more
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JLL: Bucharest Office Vacancy Rate AT All-Time Low in 2018 02.14.2019
The vacancy rate on the Bucharest office market dropped to an all-time low of around 6.6% in 2018, compared with 9.2% at the end of 2017, amid... more
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Huawei Takes Top Spot on Tablet Market in Romania, Plans to Open New Stores 02.14.2019
China’s Huawei, the second largest smartphone vendor in Romania, took the top spot of the tablet market at the end of last year and plans to... more
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Dutch Remon Vos Becomes Largest Owner of Logistics Space in Romania 02.14.2019
Industrial and logistics space developer CTP, held by Dutch entrepreneur Remon Vos, has reached one million square meters of logistic and... more
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Underwear Manufacturer Hanes Global Supply Chain Romania Closes Arad Plant 02.14.2019
Hanes Global Supply Chain Romania, formerly Rosko Textil, has closed the plant it had in Arad-Curtici Free Trade Zone, market sources say. more
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Gral Medical Opens Medical Imaging Unit Within OncoFort Pitesti Hospital, In EUR5M Investment 02.13.2019
Gral Medical, one of the leading players on the private medical services market, has opened a medical imaging unit within OncoFort Pitesti... more
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Tuborg Beer Owner Buys Muller Yogurt Importer 02.13.2019
Romania’s Competition Council has approved the transaction whereby the company Central Bottlings Company Ltd, which owns Tuborg, is acquiring the... more
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BRD Pensii Has New General Manager 02.13.2019
The Executive Board of Romania’s Financial Supervisory Authority has decided in its meeting of February 13, 2019 to appoint Alina-Cecilia... more
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Consumer Loan Firm BRD Finance Appoints Marc Rey As General Manager 02.13.2019
BRD Finance, one of the leading players on the consumer loan market, held by BRD - Groupe Société Générale, has appointed Marc Rey as general... more
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New Car Registrations Up 18.8% on Year in January, Used Car Registrations Down 8% 02.13.2019
New car registrations in Romanian grew 18.8% in January compared with January 2018, to 13,952 units, data from Romania’s association of... more
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Oil Terminal Posts 93% Drop in Net Profit in 2018 02.13.2019
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO), majority owned by the Romanian state, posted a 93% annual drop in net... more
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Footwear Manufacturer Rieker Set to Close Romanian Plants 02.13.2019
Swiss-held footwear manufacturer Rieker closes plants in Romania will cease manufacturing operations in Romania and will close the plants in Lugoj,... more
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Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal 02.12.2019
Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have joined the race... more
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Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air 02.12.2019
German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share capital, Blue Air... more
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Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub 02.12.2019
Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the context in... more
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C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018 02.12.2019
Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the Romania... more
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Electricity Distribution Companies In Romania Target RON1.6B Investments In 2019 02.12.2019
The eight electricity distribution operators, holders of concession contracts for electric power distribution, plan to carry out investments worth... more
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Webhelp: Romania Is No Longer a Low-Cost Outsourcing Destination 02.12.2019
Romania is no longer a cheap location to open outsourcing services centers like it was five years ago, but rather a destination with fair costs or... more
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Retail Bakery Chain Panemar Bets on Expansion 02.12.2019
Retail bakery chain Panemar established by entrepreneur Nicolae Chiorean is taking its first step outside Cluj County by opening a store in Oradea. more
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Penny Market Set to Open 20-25 Stores in 2019 02.12.2019
German–held discount store chain Penny Market will expand the network by 20 to 25 units this year and prepare a logistics investment in the... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
more
Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
more
The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
