ZF

AstraZeneca Signs 5-Year Lease Extension in Bucharest Business Park Offices

Wed, 02 Dec 2020 09:42:25 GMT

Pharmaceutical producer AstraZeneca has extended its lease for the 1,280 square meters of office space it occupies in CA Immo's Bucharest Business Park for five more years.

New Car Registrations in Romania Drop 25.3% in Jan-Nov

Wed, 02 Dec 2020 09:31:25 GMT

New car registrations in Romania decreased 25.31% on the year in January-November, to 110,377 units, data from the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.

Covid Crisis Increases Residential Rental Supply in Bucharest

Wed, 02 Dec 2020 09:23:15 GMT

The coronavirus crisis is starting to show effects on the residential rental market and the number of properties for rent has increased, according to a research by real estate consultancy company Colliers International.

Romania Unemployment Rate Inches up to 5.3% in October

Wed, 02 Dec 2020 07:52:04 GMT

Romania's seasonally adjusted unemployment rate inched up to 5.3% in October from 5.1% in September, data from the country's statistics board showed Wednesday.

Profi Opened 22 Stores in November

Wed, 02 Dec 2020 07:22:15 GMT

Retail chain Profi held by buyout investor Mid Europa Partners continues expansion, having opened 22 new stores in November.

Sporting Goods Retailer Hervis Optimistic About 2021

Wed, 02 Dec 2020 07:07:11 GMT

Sporting goods retailer Hervis has opened only two stores out of the planned 10 this year, amid the pandemic, Hervis Romania CEO Catalin Pozdarie says, but remains optimistic about 2021.

November, Romanian Stock Market’s Best Month in Almost Two Years

Wed, 02 Dec 2020 07:00:00 GMT

The Romanian stock market ended its best month in almost two years, thanks to the 9.12% rise in its main index BET in November, as the rises of indices abroad largely because of information about development of COVID-19 vaccines also made an impact in Bucharest.

Poultry Processor AAylex Prod Revenue Up 7% to RON575.8M in 2019

Tue, 01 Dec 2020 08:21:54 GMT

AAylex Prod, part of the AAylex group, one of the largest actors in the poultry industry in Romania, posted 575.8 million lei (EUR121.5 million) revenue in 2019, an increase of 7% on the previous year, ZF has calculated from Finance Ministry data.

Romanian Consumers Spend RON650M on Organic Food a Year

Tue, 01 Dec 2020 07:56:00 GMT

Romanian consumers spend about 650 million lei on organic food (or 1.2% of the entire spending on food in the country), ZF has calculated from the data supplied by market research company Retail Zoom.

VIG Strengthens Position in Romania After Buying Local Operations of Rival Aegon

Tue, 01 Dec 2020 07:27:42 GMT

Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, will increase its share of more than one fifth of the local market, following takeover of Aegon operations in Romania and three other countries.

Romania Ranks 9th in the World Among Exporters by Average Price of Footwear

Mon, 30 Nov 2020 08:14:22 GMT

Romania exported 37 million pairs of footwear last year, worth a total $930 million, the World Footwear report shows, which looks at the footwear industry of each country.

`Made in Romania’ Drugs Account for Only 8% of Market by Value

Mon, 30 Nov 2020 07:34:53 GMT

Romania has the lowest market share for its locally produced drugs in Central and Eastern Europe, as the „made in Romania” products only account for 8% of the medicine purchases of Romanian consumers, market research company Iqvia data shows cited by Dragos Damian, CEO of pharmaceutical producer Terapia Cluj.

Investors Bought RON2.7B Worth of Govt Bonds in November Program

Fri, 27 Nov 2020 16:05:37 GMT

Individual investors bought RON2.7 billion million worth of Fidelis government bonds for the general population in the three-week subscription period ended Friday.

Swedish Group Holmbergs Acquires Romanian Te-Rox Prod

Fri, 27 Nov 2020 14:58:18 GMT

Romanian Te-Rox Prod, a producer of covers and harness systems for child safety seats founded by Doina and Roxana Cepalis, has sold its operations to Swedish safety group Holmbergs, which supplies safety systems for child safety seats.

TeraPlast Approves RON45M as Dividends from Jan-Sept Profit

Fri, 27 Nov 2020 13:57:02 GMT

Shareholders of construction materials producer TeraPlast Bistrita (TRP.RO) on Friday approved the distribution of RON45.3 million as dividends from the net profit recorded in the first nine months of 2020.

Unirea Shopping Center Gets Shareholder Approval For Share Buyback Program Of RON30M Tops

Fri, 27 Nov 2020 13:14:13 GMT

Shareholders of Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, approved a decision to carry out a share repurchase program of maximum RON30 million in order to reduce its share capital, per ZF calculations based on a stock market report.

Labor Inspectorate: 1.75 Million Labor Contracts Terminated In Romania Since Onset Of COVID-19 Pandemic

Fri, 27 Nov 2020 12:40:00 GMT

The number of labor contracts terminated in Romania since March 16, 2020, when the country declared the state of emergency, has reached nearly 1.75 million, per Labor Inspectorate data provided at the request of Ziarul Financiar.

Former NN Pensii Chief Raluca Tintoiu Wins Case Against Financial Regulator

Fri, 27 Nov 2020 11:29:36 GMT

Raluca Tintoiu, the former general manager of NN Pensii who decided to warn the fund's 1.9 million contributors in 2017 over political decisions that could affect their savings, has won the case against the country's financial regulator which fined her at the time.

Brico Dépôt Stores In Romania Report EUR82M Sales For 3Q/2020

Fri, 27 Nov 2020 10:52:43 GMT

UK’s Kingfisher Group, which holds do-it-yourself (DIY) Brico Dépôt stores, reported a 10.6% like-for-like growth in sales in Romania in the third quarter of 2020, per its latest financial report.

Fildas Leases Warehouse in VGP Project in Brasov

Fri, 27 Nov 2020 10:45:18 GMT

Fildas, a medicine wholesaler founded by entrepreneur Anca Vlad, has leased a 3,400 sqm warehouse and 400 sqm of office space in the logistics project Czech real estate developer VGP is building in the western part of Brasov.