06.14.2018

Italy’s De’Longhi entered Romania by buying the production facilities of Nokia in Cluj where it started manufacturing espresso machines in 2013. Today, the plant is a strategic facility for the more

05.03.2018

Nearly 40% of this year's RON2 billion state guarantee budget for the government-backed First Home program has been depleted, said guarantee fund general manager Alexandru Petrescu. more

02.23.2018

Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) is launching the 2018 state-guaranteed First Home program which, under the legal provisions, boasts a total guarantee more

02.12.2018

Home and lifestyle retailer Vivre ended 2017 with EUR35 million revenue, an increase of 28% on the previous year in the eight countries in the region where it sells its products online. more

01.12.2018

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01.10.2018

Romania's government on Wednesday approved the 2018 edition of the state-guaranteed First Home program for first time homebuyers with a total guarantee budget of RON2 billion. more

12.14.2017

Entrepreneur Dragos Petrescu, one of the most powerful people in the restaurant industry in Romania, through his City Grill group, will invest in opening a food distribution and home delivery center more

11.29.2017

Demand for homes and leu-denominated mortgage loans has gone up in the last few months of this year and in October banks granted 970 million lei (EUR209 million) loans so the stock of loans reached more

11.09.2017

Less than 20% of homes in Romania are insured against natural disasters, but the number is on the rise considering that some 6% more mandatory home insurance policies were issued on the month in more

11.08.2017

German-held home appliances manufacturer Miele budgeted 35 million lei (EUR7.6 million) sales from retail operations in Romania for next year, up 25% on 2017. The sales will therefore double in more

09.28.2017

German-held Kaercher group, which started making vacuum cleaners in its own facility in Curtea de Arges (southern Romania) a year ago, has bought a building in the same city to develop a new more

09.05.2017

Romania's guarantee fund for small and medium-sized enterprises (SMEs) will focus more on helping businesses secure loans, as a government-backed program for first time homebuyers currently makes up more

07.14.2017

Ten residential developers in Bucharest have announced they will build more than 14,000 apartments in just several large complexes by the end of 2019. more

07.03.2017

Romanian lender BRD-Groupe Société Générale has been assigned a new cap, of RON157.7 million, and may grant new mortgage loans totaling RON315.4 million under the government-subsidized First Home more

06.16.2017

Italian home appliances manufacturer De’Longhi, which has bas been making espresso machines in Cluj since 2013, has become the second largest home appliances manufacturer in Romania. It beat Philips more

06.13.2017

Home appliances manufacturer Arctic exported 82% of the production of the plant in Gaesti, Dambovita County (southern Romania) last year and the Beko-branded refrigerators and freezers went to more more

05.08.2017

Constanta becomes the fourth large city in Romania where home prices exceed the threshold of EUR1,000 per square meter, with the Imobiliare.ro index registering an increase of 2.1% in April, to more

05.02.2017

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03.21.2017

Arctic remains the largest home appliances exporter in Romania, having kept the position it gained a year ago. Italy’s De’Longhi and Dutch-held Philips are close to the top of the ranking. more

03.09.2017

People who borrowed money to buy a home under government-guaranteed mortgage lending First Home program are more vulnerable to a potential interest hike in the future compared with those who took more

02.24.2017

Over 90% of the Romanians seeking a house or apartment are searching for information regarding the available properties online, according to real estate consultancy firm Regatta Real Estate. more

02.21.2017

ING Bank decided to increase the down payment required on mortgage loans contracted through government-guaranteed mortgage lending First Home program from 5% to 10% due to the decrease of the state more

02.02.2017

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01.27.2017

This year's government-guaranteed mortgage lending First Home program would have a guarantee budget of RON2.5 billion, down by RON440 million compared with 2016, according to a draft government more

11.30.2016

The 2016 guarantee budget for the government-backed mortgage lending First Home program was raised by RON250 million, following requests from the banks registered in the program, according to the more