Romania Approves Memorandum For $2.5M Loan To Fund Justice Quarters Realty Project
yesterday, 19:44
The Romanian Government on Wednesday approved a memorandum of the Finance Ministry for receiving a downpayment of $2.5 million from the International Bank for Reconstruction and Development (IBRD).
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Continental Group Invests EUR1.9M In Fully Automated Storage System At Its Plant In Timisoara 04.18.2019
Continental Group has invested EUR1.9 million in a fully automated storage system at its electronic components factory in Romania’s western city... more
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Carturesti To Open Bookstore On Groundfloor Of America House Office Building In Bucharest 04.18.2019
Bookstore chain Carturesti of entrepreneurs Nicoleta Dumitru and Serban Radu, will be opening a bookstore on the ground floor of America House... more
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Romania Unemployment Rate Falls To 4.2% In 2018 04.18.2019
Romania's unemployment rate stood at 4.2% in 2018, lower than 4.9% in 2017, data from the country's statistics board showed Thursday. more
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Romania Ranks 12th In Europe By Chocolate Production 04.18.2019
With a production of 34 million kilograms of chocolate in 2017, Romania ranked 12th in the European Union in this department, Eurostat data show.... more
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Alin Burcea, Paralela 45 CEO: 50% Growth in Q1 04.18.2019
Domestic and outgoing travel are on the rise, says Alin Burcea, CEO of local travel agency Paralela 45, but the government is not doing a good job... more
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More Than 70% of New Jobs in 2018 Created in Bucharest, Cluj and Iasi 04.18.2019
Companies created 80,000 jobs in 2018 and did most of the hiring in the major cities, where investments were made, wages went up and the... more
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Bittnet Aims To Double Its Turnover In 2019, To Nearly RON130M, But Expects 30% Lower Net Profit 04.17.2019
IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO) targets a turnover of RON130 million in 2019, more than double... more
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dm drogerie markt Eyes Double-Digit Growth In 2019; Seeks To Open At Least Ten New Stores 04.17.2019
German retailer dm drogerie markt has 102 stores in Romania’s main cities and it ended 2018 with a turnover of RON415 million (EUR89 million),... more
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CEC Bank To Grant Extra Loans Of RON30–35B After Getting RON940M Capital Injection From State 04.17.2019
The Romanian state’s capital injection of RON940 million, from the state budget, into lender CEC Bank, will enable the latter to grant additional... more
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Competition Council Clears Takeover Of Transilvania Pack&Print By Rondocarton 04.17.2019
Romania’s Competition Council has approved the transaction whereby corrugated cardboard company Rondocarton and Offsetdruckerei Schwarzach have... more
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Eurostat: Romania Posts Highest Annual Inflation Rate In the EU, Of 4.2%, In March 2019 04.17.2019
Romania recorded the highest annual inflation rate in the European Union, of 4.2%, in March 2019, compared with 4% in February, Eurostat, the... more
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ACAROM: New Car Registrations In Romania Up Over 25% YoY In 1Q/2019, To 35,836 Units 04.17.2019
New car registrations in Romania grew 25.1% to 35,836 units year-on-year in the first three months of 2019, according to data released Wednesday by... more
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Instant Factoring Grants EUR4M SME Funding In 1st Year Of Activity; Eyes EUR15M Financing Volume In 2019 04.17.2019
Romanian fintech Instant Factoring granted 1,930 financings, in the amount of EUR4 million, to small and medium-sized enterprises (SMEs), during... more
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Penny Market to Invest RON2.3B in Romania by 2025 04.17.2019
German-held discount store chain Penny Market invested 346 million lei (EUR72 million) last year, directing the money to the opening of 15 new... more
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Entrepreneurs: We Need Long-Term Loans, Banks Turn Us Down 04.17.2019
Securing long-term loans for more than 15 years from banks to make investments in equipment or to buy buildings to operate in, is hard and the 6%... more
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First Bank, Held By U.S. Investment Fund JC Flowers, Buys Bank Leumi Romania 04.16.2019
First Bank, held by U.S. private equity fund JC Flowers, has signed an agreement to buy the Romanian subsidiary of Israel’s Leumi Bank, according... more
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Dedeman’s Paval Brothers Look Into Buying Timisoara-Based ISHO Offices 04.16.2019
Brothers Adrian and Dragos Paval, the founders of do-it-yourself retailer Dedeman, the largest Romanian entrepreneurial business, are looking into... more
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Eurostat: Romania Sees 2nd Highest Monthly Increase In Construction Sector In EU, In Feb 2019 04.16.2019
Romania recorded a 9.8% increase in production in construction In February 2019 compared with January, placing it second in the European Union,... more
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Coworking Space Concept 3house To Open Its 2nd Center In Bucharest, In EUR1.8M Investment 04.16.2019
3house, a new coworking space concept recently launched by entrepreneurs Vlad Craioveanu and Ilinca Paun, will be opening its second center in... more
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Romgaz Targets RON5B Revenue And RON1.1B Gross Profit In 2019 04.16.2019
State-owned natural gas producer Romgaz (SNG.RO) has budgeted revenue of RON5 billion in 2019, lower than EUR5.22 billion reported in 2018, and a... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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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,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
