Colliers: Number of Housing Units Sold in Bucharest Up 18% in Q1, Demand Rises 19% Nationwide
today, 11:24
The number of housing units sold in Bucharest in the first quarter of the year rose by 18% from the year-earlier period, while nationwide demand went up by 19%, according to real estate consultancy Colliers.
ZF NEWSRSS
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COS Ends 2023 With EUR29M Turnover, Up 3.5% YoY
today, 21:17
COS (Corporate Office Solutions), the leading provider of design solutions and furniture mostly for office spaces, held by investment fund SARMIS... more
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OVES Enterprise: Investing In Innovation And New Product Development May Lead To 30% Growth In Romanian IT Industry In 2024
today, 20:33
The deadlock in the Romanian IT market, characterized by layoffs, project suspensions, and the current political-economic context could end this... more
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Law Firm ONV LAW Expands Its Team Of Lawyers
today, 20:09
ONV LAW, one of the most dynamic law firms in Romania, has announced in a press statement on April 25 that it is expanding its team with six new... more
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Finance Ministry Raises RON1.39B From Banks On April 25
today, 17:19
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average... more
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Startup nPloy Expands Job Ad Offering With Over 1,000 Fully Remote Jobs From Over 100 Global Tech Companies
today, 16:48
CEE startup nPloy, which developed an online job ad platform and launched in Romania early in 2023, has expanded its job ad offering with... more
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Siemens Healthineers Unveils Installation Of MAGNETOM Flow In Romania
today, 14:15
Siemens Healthineers has announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology... more
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Coface: CEE Countries Faced Dramatic Surge In Company Insolvencies In 2023
today, 13:48
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout... more
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Austrian Builder Strabag Posts 65% Production Volume Increase in Romania in 2023
today, 13:44
Austrian constructions company Strabag in 2023 registered a 65% increase in production volume, to EUR519 million, in parallel with a 13% reduction... more
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Sphera Franchise Group Opens Third KFC Restaurant In Pitesti
today, 13:41
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, has opened its third KFC restaurant in the town... more
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PepsiCo Installs over 1,300 Photovoltaic Panels on Romania Plants in $2.1M Investment
today, 10:55
PepsiCo, a major player on the snacks and beverages market, has completed works to install over 3,000 photovoltaic panels on Dragomiresti,... more
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STC Partners Starts Phase II of Quartier Azuga
today, 10:25
Real estate developer STC Partners is starting the development of phase II of housing compound Quartier Azuga, located to Tei area of Bucharest,... more
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JYSK Opens Store in Sinaia, Reaches 141 Units in Romania
today, 09:45
Scandinavian home furnishings retailer JYSK is expanding further in Romania with a store in Sinaia, thus reaching a network of 141 units locally. more
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Dedeman Owners Take Over Former Project ELI 4
today, 09:38
Paval brothers, owners of Dedeman, the biggest Romanian entrepreneurial business, took over, via Paval Holding, Asset Proiect Craiova SRL company,... more
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Parc Hotels Complex Ends 2023 With RON63.4M Turnover, Up 3% YoY
yesterday, 23:15
The Parc Hotels complex, one of the largest hotel companies that includes four-star units Ramada Parc and Ramada Plaza located in northern... more
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Bucharest Stock Exchange To Distribute RON12.5M Dividends To Its Shareholders
yesterday, 22:52
The Bucharest Stock Exchange (BVB.RO), the operator of the capital market in Romania, announced that during the April 24 meeting its shareholders... more
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Deloitte: Real Estate Companies In Central Europe Anticipate Increased Investment In 2024
yesterday, 22:28
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Mega Image Owner Ahold Delhaize Announces Opening Of Technology Center In Bucharest
yesterday, 22:15
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Kearney: Romanian Banks Registered Above Average Income Growth Vs European Peers In 2023
yesterday, 21:30
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OMV Petrom Approves Distribution Of RON2.6B Dividends From 2023 Net Profit
yesterday, 21:04
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Biofarm Shareholders Approve Distribution Of Dividends Worth Over RON30M, With 3.8% Yield
yesterday, 20:45
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Carbochim Cluj Napoca Eyes 20% Turnover Growth In Next Two Years, To Over EUR9M
yesterday, 20:08
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Dent Estet Has Invested EUR12m In Medical Infrastructure Since 2016
yesterday, 19:33
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Cisco Study: Very Few Organizations Prepared To Defend Against Today’s Rapidly Evolving Threat Landscape
yesterday, 18:48
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OMV Petrom To Test Carbon Capture And Utilization Facility At Petrobrazi
yesterday, 18:37
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Edward Cretescu Takes The Helm Of Romanian Employers Association In Software Industry
yesterday, 18:08
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.
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Central Bank: Romania's Economic Growth Expected to Decelerate Considerably in 2022 and 2023Romania’s economic growth is expected to decelerate considerably in 2022 and 2023, after having reached very high dynamics from a historical perspective in 2021, yet significantly lower than previously forecast (in November 2021), the minutes of the monetary policy meeting of Romania’s central bank (BNR) say.
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