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 Chimcomplex Borzesti, within a transaction worth EUR127 million, as per a notification submitted by Chimcomplex (CHOB.RO) at the time of the acquisition.
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2018 in Review: Construction Sector today, 00:00
The year 2018 only saw one major deal on the construction materials market, the announcement of Netherlands’ Akzo Nobel about the plan to buy... more
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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 Raises RON697.8M Selling Oct 2020 Bonds 3.48% Average Yield yesterday, 14:15
Romania's finance ministry on Monday raised an above-plan 697.8 million lei (EUR150 million) selling treasury bonds maturing in October 2020 at an... 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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Net Investment In Romania Grows 2.7% In Jan-Sept 2018, To RON54.6B yesterday, 10:27
Net investments in the Romanian economy grew 2.7% on the year in the first nine months of 2018, to nearly RON54.6 billion, data from the country's... more
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Romania’s Trade Deficit Widens To EUR11.8B In January-October 2018 yesterday, 10:00
Romania's trade balance posted a deficit of EUR11.845 billion in the first ten months of 2018, EUR1.62 billion higher compared with the same period... more
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Press Review - December 10, 2018
yesterday, 09:16
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Romania’s Economy Grew More Than China’s or Japan’s in 1913-2013 yesterday, 07:00
Over a century, between 1913 and 2013, Romania’s GDP per capita rose faster than China’s or Japan’s, as the room for growth was greater. Back... 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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Eurostat: Romania Posts Second Highest GDP Growth In EU In 3Q/2018 12.07.2018
Romania was the European Union's second highest growing economy in the third quarter of 2018, with 1.9% GDP growth compared with the second... 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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Romania GDP Grows 4.3% on Year in 3Q 12.07.2018
Romania's gross domestic product grew 4.3% in the third quarter of 2018 compared with the third quarter last year, a second reading by the... 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
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.
