Burger King at Its Second Try in Romania, Set to Open First Restaurant in September
08.23.2019
Poland’s Amrest group, which operates on about 20 markets in the world, will open the first Burger King restaurant in Romania in September, market sources told ZF. The company already has 46 Starbucks cafés in the country.
-
Romania’s Restaurant Market Tripled to EUR2.4B In A Decade today, 00:00
Romanian consumers spent 11.2 billion lei (EUR2.4 billion) in restaurants in Romania last year, 13% more than they did in 2017 and triple the... more
-
eJobs: SME Employees in Romania Earn EUR700 on Average 08.23.2019
The average monthly salary of employees in SMEs in Romania is currently around EUR700, according to a poll by eJobs Romania. more
-
Government Drafts Bill Changing Subsidized Mortgage Lending Program 08.23.2019
Romania's finance ministry has drafted a bill changing the state-subsidized mortgage lending program to benefit families with or without children,... more
-
Romania Has Lowest Banking Penetration Rate in EU: Just One in Four Communes Has an ATM 08.23.2019
Three quarters of the people who live in rural areas, where actually half of Romania’s population lives, do not have access to a basic banking... more
-
Romania Raises RON500M Selling Feb 2029 Bonds at 4.06% Average Yield 08.22.2019
BUCHAREST – Romania's finance ministry on Thursday raised a planned 500 million lei (EUR105.8 million) selling treasury bonds maturing in... more
-
Credit Europe Bank Romania Posts Gross Profit of RON39M in 1H/2019 08.22.2019
Credit Europe Bank Romania, a member of Dutch financial group Credit Europe Bank, on Thursday said it registered a gross profit of RON39 million in... more
-
Colliers: Bucharest is Most Dynamic Office Market in CEE in 1H/2019 08.22.2019
Bucharest was the most dynamic office market among capital cities in Central and Eastern Europe in the first half of the year, with 185,000 square... more
-
Frank Hadinjak Leaves E.ON Romania After a Decade as CEO 08.22.2019
Frank Hadinjak, CEO of E.ON Romania since 2008, will be leaving the company as of September 30 and will be replaced by Manfred Paach, the utility... more
-
CBRE: Cluj Development Drives Interest for Surrounding Areas 08.22.2019
The accelerated development of the city of Cluj in recent years is attracting investors in nearby areas. A 26-ha land for an industrial park has... more
-
BestJobs: Employees Waste Up to 2 Hours of Work Time Because of Chatty Coworkers 08.22.2019
Three in four Romanian employees waste up to two hours of their work time every day because of chatty coworkers, loud phone conversations, noise in... more
-
Private Equity Firms Invested Only EUR311M in Romania in 2018, 40% Less Than in 2017 08.22.2019
Private equity firms invested EUR2.7 billion in the region last year, and Romania got only 11.5% of the money or EUR311 million. Poland and Czech... more
-
Korean Group Invests EUR9M in Automotive Water Pump Plant in Arges County 08.22.2019
GMB Romania Auto Industry, a company part of the GMB Korea group will begin production in a new facility built in Oarja, near Pitesti in southern... more
-
Tech Hub Silicon Forest Invests EUR200,000 in Second Location in Cluj 08.22.2019
Coworking space and technology hub Silicon Forest established in Cluj-Napoca last year has invested EUR200,000 to open a second location in the... more
-
Premium Porc Invests EUR32.5M in Feed Factory in Sibiu 08.21.2019
Danish group Premium Porc Group, the second largest pork producer in Romania, has invested EUR32.5 million in its third feed factory, which it... more
-
Housing Demand Remains High in Bucharest; 20,000 Apartments Under Construction 08.21.2019
Housing demand remains high in Bucharest and developers are currently working on over 20,000 housing units, of which 70% are scheduled to be... more
-
Visa Users in Romania May Pay in Installments Within Pilot Program 08.21.2019
Visa card holders in Romania will be the first in Europe to be able to pay for their purchases in installments at participating stores and online... more
-
Less Than 20% of Romanians, Bulgarians Book Holidays Online 08.21.2019
In the EU in 2017, 50% of internet users said that they booked their holiday accommodation or travel via the internet, Eurostat data showed Wednesday. more
-
Mintia Thermal Power Plant Shuts Down for 12 Days 08.21.2019
The Mintia thermal power plant will be shut down for 12 days between August 23 and September 3. Management said the plant will be shut down for... more
-
GfK: Purchasing Power in Romania Grows, Regional Gaps Widen 08.21.2019
Purchasing power in Romania grew 18% in 2018, to EUR5,083, from EUR4,556 in 2017 and EUR4,181 in 2016 but gaps between counties have widened, a... more
-
Grocery Retailers Own RON15B Worth of Real Estate in Romania 08.21.2019
Hypermarket and supermarket chains in Romania own land and buildings valued at 15 billion lei (EUR3.1 billion) and the value of their real estate... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
more
Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
more
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
more
Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
more
Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
more
The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
more
Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
more
Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
moreAnalysis
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.
