Crosspoint: EUR750M Realty Investments In Optimistic Scenario; EUR500M In Pessimistic Scenario In Romania In 2020

today, 19:49

Romania's real estate transactions market reached EUR608 million in 2019, down 41% on the year, and, in the context of the Covid19 pandemic, an optimistic scenario for 2020 indicates a total investment volume of EUR750 million, and a pessimistic scenario shows a minimum EUR500 million, as per an analysis of consulting firm Crosspoint.

Labor Ministry: Over 1.2 Million Individual Labor Contracts Suspended Or Terminated Until April 8
today, 18:08

The latest data from Romania’s Labor and Social Protection Ministry show that over 1,000,000 labor contracts have been suspended and over 200,000... more
- Some 7,000 Romanians Lose Their Jobs Daily Amid Coronavirus Crisis
- Romania Labor Ministry: Over 1.1 Million Labor Contracts Suspended Or Terminated Until April 6, 2020
- Massive Social Cost Of Crisis: One In Four Employees Sent Home, 190,000 Lost Their Jobs Altogether
eMag Seeks To Hire 1,000 Warehouse, Delivery Workers In The Middle Of Coronavirus Crisis
today, 17:11

eMAG, the largest online retailer in Romania, seeks to hire 1,000 people due to a surge in demand for e-commerce retailers during the coronavirus... more
ANCOM: Work From Home, Online Courses Boost Fixed Internet Traffic 20.9%, Mobile Traffic 12% On Average
today, 16:22

Internet traffic grew on average 21% in fixed networks and 12% in mobile networks, in the last week of March 2020, compared to the end of February... more
Healthcare Workers Account for 25% of All Covid-19 Infections in Romania
today, 11:51

The Romanian healthcare workers' federation said Wednesday 25% of people in Romania infected with Covid-19 are healthcare workers and the infection... more
Hungary’s Optima To Buy Controlling Interest in Developer GTC
today, 10:47

Optimum Ventures Private Equity Fund, owned by Optima, the fund manager of the National Bank of Hungary's foundations, will acquire a controlling... more
10% Growth Of Construction Sector Could Offset 30% To 40% Decline Of Other Sectors
today, 10:19

Construction sector growth of at least 10% could offset decline in the sectors affected by the current crisis by some 30% to 40%, because this... more
Call-Center Operator CGS Romania: We’ve Got Firm Orders To Hire Over 400 People
today, 09:27

Computer Generated Solutions (CGS), the local subsidiary of the US-held company by the same name and the main provider of outsourcing services in... more
Automotive Wiring Manufacturer Fujikura To Make Face Shields For Doctors In Romania
today, 09:00

Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of the Japanese Fujikura group, has started production of face... more
ING Bank Sees Romania’s GDP Contracting 6.6% In 2020, But Growing 7.1% In 2022
yesterday, 20:57

ING Bank’s latest forecasts on the evolution of the global GDP envisage a 6.6% contraction for Romania’s economy in 2020, followed by a 7.1%... more
- ING Sees Romania GDP Contracting 6.6% in 2020
Nuclearelectrica Postpones Planned Outage Of Cernavoda Unit 1 Due To COVID-19 Pandemic
yesterday, 20:29

Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) on Tuesday said it has decided to postpone the scheduled outage of Unit 1 of the... more
Israeli Software Firm DriveNets Seeks To Double Staff Numbers At Its Bucharest Center
yesterday, 19:43

Israeli networking company DriveNets wants to double the number of employees at its center in capital Bucharest, developed in partnership with... more
Some 7,000 Romanians Lose Their Jobs Daily Amid Coronavirus Crisis
yesterday, 18:50

The number of labor contracts terminated in Romania has reached 194,824 on April 7, according to Labor Ministry data, 7,270 more than the contracts... more
- Romania Labor Ministry: Over 1.1 Million Labor Contracts Suspended Or Terminated Until April 6, 2020
ACAROM: New Car Registrations In Romania Down 32% YoY To Just 6,654 Units In March 2020
yesterday, 17:32

New car registrations in Romania decreased by 32% on the year to just 6,654 units in March 2020, and by 22% to a total 27,979 units in the first... more
Frigotehnica Seeks To Continue Growth Strategy In 2020 After 7.4% Rise In 2019 Net Profit, To EUR1.9M
yesterday, 17:06

Refrigeration solutions manufacturer Frigotehnica, held by ROCA Investments, plans to continue its development strategy in 2020, after undergoing a... more
Antitrust Body Looks into BCR, BRD, Raiffeisen Split Ownership of CIT ONE
yesterday, 15:05

Romania's antitrust body said Tuesday it was analyzing the deal whereby BRD Groupe Societe Generale, Raiffeisen Bank Romania and BCR split the... more
Large Firms In Romania Urge Govt To Turn To IMF To Overcome Covid-19 Crisis: Economy Needs Nearly EUR30B Support
yesterday, 14:27

Several organizations in the Romanian business environment, among which Romanian Business Leaders, the National Council of Romanian Small and... more
Banca Transilvania Expects Romanian Economy To Feel Pandemic Shock in March-May
yesterday, 12:23

Romania's economy could feel the biggest shock of the Covid-19 pandemic in the March-May 2020 period, said Andrei Radulescu, chief macroeconomic... more
Tourism Federation Says Unemployment in Hotels and Restaurants Hits 60%
yesterday, 12:05

The unemployment rate in hotels and restaurants in Romania has already reached 60% and will soon climb to 90%, the Romanian federation of tourism... more
Zentiva Completes Acquisition of Alvogen's CEE Operations Including Romanian Labormed
yesterday, 11:53

Zentiva Group, owned by Advent International, announced Tuesday it has completed the acquisition of Alvogen's Central and Eastern European (CEE)... more
Brick Maker Brikston Iasi Continues Production At Capacity
yesterday, 10:00

Brick manufacturer Brikston held by Austria’s Leier group has not suspended activity at its plant in Iasi and says it has not seen decline in... more

Romania Central Bank Cuts Key Rate To 2% A Year Amid Coronavirus Crisis

Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5%

Ten Sectors Working In Full Gear In Romania Amid Coronavirus Pandemic

Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis,

BRD– Groupe Société Générale Donates RON1.7M For Medical Equipment, Covid-19 Tests, Disinfectants

BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19

MedLife To Open New Lab For Coronavirus Tracking, Testing

MedLife, the largest provider of private medical services in Romania, is opening a new laboratory for coronavirus tracking and testing,

ING Bank Forecasts 0.9% Economic Contraction For Romania In 2020

ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank

CEZ Gets Offers Valuing Romanian Operations At EUR1.1B-EUR1.3B

Czech-held CEZ group has received preliminary financial offers valuing its operations in Romania at EUR1.1 billion to EUR1.3 billion,

Bucharest Accommodates 16% Of Hypermarkets In Romania, Accounts For 27% Of Sales

Only 35 of the 209 hypermarkets in Romania are in Bucharest, but they account for a significant portion of sales, contributing more

Coronavirus Wipes Off RON7.8B Of Romanian Stock Market Capitalization In Three Days

Bucharest Stock Exchange (BVB.RO), the operator of the local capital market, has lost 3.9% since the beginning of the week, as seen in

Analysis

Top 50 Romanian Brands Worth EUR5B

The 50 most powerful Romanian brands are worth about EUR5 billion, 17% more than in 2018, the latest report of Brand Finance, a global independent branded business valuation consultancy, shows.