CBRE: Bucharest Sees 66% Surge In Employee Numbers In IT&C Industry In Last Ten Years

02.11.2019

Over the last ten years, Romania's capital city Bucharest has seen a 66% surge in the number of employees in the IT&C industry, to more than 70,000 professionals working in the sector, according to a survey carried out for the EMEA (Europe, Middle East and Africa) region by real estate consulting firm CBRE.

Early Game Ventures Seeks to Invest EUR28M in Romanian Tech
12.18.2018

Early Game Ventures (EGV), an early-stage venture capital firm harnessing the technical talent in Central Eastern Europe has been launched in... more
EIB Grants EUR9.7M To Radiocom For Digitalization Of Romania’s Terrestrial Broadcasting Infrastructure
12.14.2018

The European Investment Bank (EIB) is lending EUR9.78 million to Romanian public company Societatea Nationala de Radiocomunicatii SA (Radiocom) to... more
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
SAP Romania Grows 700 Employees, Seeks To Hire 100 More In 2019
12.05.2018

SAP Romania, the local subsidiary of the German-held business software solutions developer, has grown to 704 employees in the three local centers... more
KeysFin: Romanian Software Market Tops EUR5.4B in 2018
11.29.2018

Over 17,000 software companies operating in Romania will exceed EUR5.4 billion in total turnover in 2018, according to a report released Thursday... more
Romania Durable Goods Market Grows 17% in Jan-Sept, to EUR2.2B
11.28.2018

The Romanian durable goods market grew 17% on the year in the first three quarters, to EUR2.2 billion, an analysis by GfK showed Wednesday. more
EY Romania Opens EY Wavespace In Bucharest
11.21.2018

EY Romania opens in Bucharest the EY wavespace, a part of the global network of innovation initiatives focused on developing digital solutions for... more
eMAG Expects Sales To Go Up To RON4.8B In 2018
11.15.2018

The eMAG group, which operates in Romania, Hungary, Bulgaria and Poland, expects 4.8 billion lei (EUR1.03 billion) sales in 2018, up from the about... more

Romania’s Banking System Profit Hits Record High of Over RON7B in 2018

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an

Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have

Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air $Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air$

German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share

C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018

Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the

Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub

Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the

World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020

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

Nestle To Shut Down Its Romanian Factory

Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the

Romania's Fiscal Instability, Main Challenge for Businesses in 2019

Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,

Analysis

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.