ZF

Group Of Investors Pays EUR3.4M For 35 Apartments Within Central District 4 Elemente Residential Project

Mon, 20 Jan 2020 13:12:48 GMT

A group of investors has paid EUR3.4 million for 35 apartments within the Central District 4 Elemente residential project, developed by Forty Management in Bucharest’s Titan area.

Sévan Kaloustian Appointed Managing Director Of Janssen Romania

Mon, 20 Jan 2020 12:49:21 GMT

Janssen, pharmaceutical companies of Johnson & Johnson, has appointed Sévan Kaloustian to the position of managing director of Janssen Romania.

Romania Raises RON715.5M Selling April 2026 Bonds at 4.04% Average Yield

Mon, 20 Jan 2020 12:18:42 GMT

Romania's finance ministry on Monday raised 715.5 million lei (EUR149.7 million) versus a RON600 million target selling bonds maturing in April 2026 at an average yield of 4.04%, central bank data showed.

Romanian Media Market Grows 7% in 2019, to EUR487M

Mon, 20 Jan 2020 12:14:06 GMT

The media market in Romania grew 7% on the year in 2019, to EUR487 million, and is seen growing 5.5% in 2020, to EUR514 million, according to the latest Media Fact Book report by media agency Initiative.

CBRE: Bucharest Remains The First Option For Companies Willing To Operate In Romania

Mon, 20 Jan 2020 12:01:39 GMT

Romania's capital city of Bucharest reached a total area of 3.16 million square meters of modern office spaces at the end of the third quarter of 2019, with Bucharest remaining a magnet for companies willing to extend their presence in Romania, according to “Romania Office Destinations” report drafted by the research department of real estate consulting firm CBRE Romania.

ESOP: Office Space Lease Market Up 7% In 2019 In Bucharest, Due Mostly To New Space Take-Up

Mon, 20 Jan 2020 11:02:14 GMT

Office space lease transactions in capital Bucharest reached a total area of 385,800 square meters, 7% more than in the previous year, with new office buildings being the engine of the market, while the volume of renegotiated spaces fell slightly, as a survey by ESOP Consulting.

Regina Maria Acquires Timisoara-Based Endo Institute

Mon, 20 Jan 2020 09:57:00 GMT

Private medical services network Regina Maria has acquired Endo Institute located in western city of Timisoara, the largest endometriosis diagnosis and treatment center in Southeast Europe, founded by physician Voicu Simedrea, six years ago.

Porsche Romania Sees Over EUR700M Sales in 2019

Mon, 20 Jan 2020 05:00:00 GMT

Porsche Romania, the largest importer in the country, ended 2019 with 35,332 vehicles delivered, 7% more than in the previous year, according to the company data.

Govt Allocates EUR325M for State Aid Investments in 2020

Mon, 20 Jan 2020 04:00:00 GMT

The government has allocated EUR325 million for state aid investments via the 807/2014 scheme in 2020. The annual budget the Finance Ministry had set for the scheme was EUR145 milion, according to the ministry website.

Cristian Erbasu Targets Over RON1B Revenue from Construction Business in 2020

Sun, 19 Jan 2020 22:00:00 GMT

Cristian Erbasu, owner of construction company Constructii Erbasu, has budgeted 1.03 billion lei (EUR217 milion) revenue for 2020, over 20% more than last year’s level.

Alexandru Ivan Steps Down As General Manager Of Bucharest Airport Company

Fri, 17 Jan 2020 14:46:00 GMT

The Executive Board of the Bucharest National Airport Company (CNAB) took note of the resignation of Alexandru Ivan from the position of general manager.

Traffic On Romania’s Top Five Airports Up 6% YoY To 21 Million Passengers

Fri, 17 Jan 2020 14:44:04 GMT

Romania’s five largest airports, namely, Otopeni (Bucharest), Cluj, Timisoara, Iasi and Sibiu, served over 21 million passengers in 2019, 6% more than in 2018, according to Ziarul Financiar.

Romania Antitrust Body Clears Sano Vita Takeover By Roho Healthy Food Investments

Fri, 17 Jan 2020 13:07:14 GMT

Romania’s Competition Council on Friday said it has approved a transaction whereby Roho Healthy Food Investments SRL plans to acquire Sano Vita SRL.

Dacia Sells Over 55,000 Vehicles in Romania in 2019

Fri, 17 Jan 2020 09:41:13 GMT

Romanian carmaker Dacia, owned by France's Renault, sold 55,463 vehicles in Romania in 2019, slightly higher compared with 54,593 vehicles in 2018, it said in a press release Friday.

Food Supplements Distributor Secom Expects Double Digit Growth in 2020

Fri, 17 Jan 2020 08:18:46 GMT

Food supplements importer and distributor Secom ended the first ten months of 2019 with EUR19 milion revenue, 12% more than in the year-earlier period, its officials say.

Alpha Bank Sells Mall Plot in Timisoara

Fri, 17 Jan 2020 06:00:00 GMT

Timisoara Centrum, a mall project valued at EUR90 million and announced by Alpha Group Investments and Ali Ergun Ergen in the spring of 2016, was canceled and Alpha Bank sold the 60,000 square meter plot to several investors.

Romania Sees Second Highest Auto Market Growth in EU in 2019

Thu, 16 Jan 2020 22:00:00 GMT

Romania saw the second highest rise in the number of new car registrations in the European Union in 2019, 23.4% to 161,500 units in 2019 compared with 2018, European Automobile Manufacturers’ Association (ACEA) data show.

BT: Romania House Prices After Inflation Adjustment Saw Annual Average Growth Rate Of 3% In 2015-2019

Thu, 16 Jan 2020 17:07:46 GMT

House prices in Romania grew on average 3% year-over-year, in nominal terms, in the first nine months of 2019, but fell nearly 0.9% after the adjustment for inflation, Eurostat data showed Thursday.

Romania Approves RON195M Financial Aid For Tarom

Thu, 16 Jan 2020 16:34:33 GMT

The Romanian Government has decided in its Thursday meeting that state-owned airline Tarom will receive financial aid of RON195 million from the State Treasury, according to Ionel Danca, head of PM Chancellery.

Adrian Dumitriu Renounces Position Of CFO At Nuclearelectrica

Thu, 16 Jan 2020 16:03:48 GMT

Adrian Dumitriu has renounced the position of Chief Financial Officer (CFO) at Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO), three years before the completion of his mandate.