14 oct 2016

The Romanian tax authority ANAF collected revenues of RON63.2 billion from large taxpayers in January-September 2016, up by RON351.9 million compared with the planned amount, the institution said in a more

14 oct 2016

Czech investment fund PPF Real Estate completed this week the acquisition of Metropolis Center office project in Bucharest, according to real estate consulting firm JLL. more

12 oct 2016

The German real estate market provides easier access to financing for retailers compared with the Romanian market, according to Klaus Reisenauer, shareholder of real estate company Oasis, which more

12 oct 2016

Oasis Retail & Development Consulting, which has been operating on the Romanian real estate market for 14 years, will start the construction works for Prima Shops retail park in Oradea, northwestern more

11 oct 2016

Shareholders of Romanian oil storage and shipment firm Oil Terminal (OIL.RO) approved the share capital increase by RON261 million, to RON319 million, the company said in a statement Tuesday. more

11 oct 2016

President Klaus Iohannis said that the Romanian economy is currently on a robust growth path, increasing by 5.2% in the first six months of 2016, which turns Romania into a ”European champion of more

11 oct 2016

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10 oct 2016

Greek company Youla Glassworks, which controlled indirectly Romanian glass container producer Stirom Bucharest (STIB.RO), sold its glass container business to Portuguese group BA Vidro, the company more

10 oct 2016

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7 oct 2016

Economic growth was mainly supported by consumer demand, boosted by higher household income and fiscal measures, according to the minutes of the monetary policy meeting of the National Bank of Romania more

7 oct 2016

Romanian central bank on Friday set the leu’s reference rate versus the euro at a three-month low of 4.4949 units, “as jitters about the CHF conversion bill persisted”, according to ING more

6 oct 2016

Bucharest Court on Thursday admitted the insolvency request filed by state-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN); KPMG Restructuring was appointed as temporary more

6 oct 2016

Deloitte Tehnologie company will get state aid worth RON7.7 million for investments in a technology center that would create 650 new jobs, according to Romanian Finance Ministry data. more

6 oct 2016

Of the total 7,470,000 Romanian households, 16% face serious issues, 33.4% lack bathrooms, 32% lack a bathtub/shower and 40% need repair works, according to a study by Romanian Housing Banks more

6 oct 2016

Netopia Mobilpay, one of the largest online card payments processors in Romania, processed over 3 million card transactions in the first nine months of 2016, up 15% compared with the total payments more

5 oct 2016

Romania’s Financial Supervisory Authority ASF on Wednesday approved the prospectus relating to the secondary public offering by which Fondul Proprietatea puts up for sale up to 3.6 billion shares in more

5 oct 2016

FlorideLux group, which operates online flower shops www.floridelux.ro, www.brazidecraciun.ro, www.coroane.ro, and www.cosuridelux.ro, targets 20% higher revenues in 2016, to EUR1.1 million. more

5 oct 2016

Romania’s modern retail stock totaled 3.38 million sqm at the end of June, of which shopping malls-57%, followed by retail parks-35% and commercial galleries-8%, according to a study by DTZ Echinox. more

5 oct 2016

European funds available, even with an absorption rate of 100%, are not enough to cover the costs of implementing the Transport Infrastructure Master Plan, Foreign Investors Council (FIC) said in a more

5 oct 2016

Commercial real estate markets in Central and Eastern Europe have attracted new global players this year, lured by the opportunities of investment in the region, while Romania follows the general more

4 oct 2016

Adrian Marin, CEO of insurance company Generali, was named president of National Association of Romanian Insurers (UNSAR) for a three-year period, replacing Remi Vrignaud, general manager of more

4 oct 2016

The new bills related to the banking system, such as the individual insolvency bill, the debt discharge law or the loan conversion bill, are driving lenders’ costs “beyond affordability level”, more

4 oct 2016

The number of companies that went insolvent in Romania in the first eight months of 2016 dropped by 20.65% compared with the same period a year earlier, to 5,455, according to Trade Registry data. more

4 oct 2016

Romania currently hosts over 100,000 of the 600,000 employees in the outsourcing industry in Central and Eastern Europe, according to real estate consulting company Colliers International. more

4 oct 2016

Sales of Japanese automaker Mazda on the Romanian market surged 54% on the year in the first nine months of 2016, to 1,221 units sold, while the market share stood at 2.4%, the company said Tuesday. more