02.17.2016

Sweden’s Ikea plans to build the largest real estate project in northern Bucharest on a 48-hectare plot it bought from a Romanian entrepreneur. The new project will include both apartments and more

02.05.2016

Romania's national guarantee fund for SMEs (FNGCIMM) on Friday said it has granted over 1,500 guarantees worth a total RON133 million, under the government-backed mortgage lending First Home program, more

02.03.2016

None of the banks participating in the government-guaranteed mortgage lending First Home program has informed the Finance Ministry about its intention to withdraw from the project so far, the ministry more

01.18.2016

Arctic Gaesti, the country’s largest home appliances manufacturer, wants to build a washing machine plant in Romania in a 472.5 million lei (EUR105 million) investment. more

01.11.2016

While the authorities are already working on export routes for the Black Sea natural gas, two in three homes in Romania use propane tanks or wood for heating and cooking. more

12.30.2015

Next year's government-guaranteed mortgage lending First Home program will have a guarantee budget of RON1.5 billion, according to a government decision. more

12.11.2015

BCR, BRD, Banca Transilvania, Raiffeisen and CEC Bank, some of the largest lenders in Romania whose websites show information about foreclosed homes, are looking for buyers for about 3,700 such more

12.10.2015

New investments, higher wages, employers’ involvement in the academic environment, diversification of projects and higher complexity of foreign companies’ operations in Romania are some of the more

12.09.2015

The guarantee budget for the government-backed mortgage lending First Home program has been raised by an additional RON200 million, Government spokesperson Dan Suciu said Wednesday. more

11.17.2015

Four Romanian communes and three towns in Ilfov county are in top 15 by new homes delivered in 2014, outranking big cities like Iasi, Ploiesti, Galati or Sibiu, according to a DTZ Research study. more

10.02.2015

Government-backed mortgage lending First Home program was amended as of October 1, so that the beneficiaries of a home bought through the program can buy a bigger, more expensive home guaranteed by more

08.12.2015

The banks participating to the First Home scheme have granted more than 150,000 government-secured loans worth 25 billion lei (EUR6 billion) to people looking to buy a home since 2009. more

08.03.2015

Bucharest and Ilfov County accounted for over 25% of the new homes completed in Romania in the first quarter, compared with 18% in the year-ago period, according to a ZF analysis based on National more

07.29.2015

Flanco, the second leading computer and electronics retailer in Romania by revenue, will begin selling its first private label products in August. more

07.28.2015

Sales of large home appliances rose by 17% to 20% in the first half on the year-ago period, as Romanian consumers continued to replace the appliances they bought during the economic boom days more

07.17.2015

Romania's national guarantee fund for SMEs (FNGCIMM) has granted over 15,600 guarantees under the government-backed mortgage lending First Home program in the first half of the year, up 40% from more

07.06.2015

Swedish home appliances manufacturer Electrolux, one of the six international giants in this sector that has plants in Romania, saw revenue drop to less than EUR100 million on this market in 2014, more

07.02.2015

Sales of refrigeration appliances, the biggest segment of the large home appliances market, estimated at EUR200 million, will go up by 3% in volume in 2015. This is the second year of growth in a row more

06.19.2015

Italian home appliances manufacturer De’Longhi Romania, which owns an espresso machine plant in the Tetarom industrial park in Jucu, near Cluj, posted 321.7 million lei (EUR72 million) revenue last more

06.16.2015

Romania has been shaping up as a destination for major home appliances brands over the last few years that come looking to buy or build plants from scratch on a market dominated by two big names until more

05.25.2015

German-held home appliances manufacturer Miele, which has both manufacturing and retail and wholesale operations in Romania, has signed an agreement with Romania’s leading computer and electronics more

05.14.2015

Three new retailers have entered the furniture retail in the last two months, an over EUR700 million market denominated by local entrepreneurs. Since few retailers ventured into the market during the more

05.01.2015

Arctic Gaesti, Romania’s largest home appliances manufacturer, invested 33.3 million lei (EUR7.5 million) in its plant and in the distribution and export operations last year, which showed in a 6% more

04.21.2015

Applications for guarantees on mortgage loans under the First Home program increased 30% this year and the guarantee fund recommends pre-sale agreements of at least 30 days. more

04.16.2015

Romania’s electronics and IT retailer Domo, which underwent five changes of shareholders and an extensive overhauling process, plans to expand along a single store format this year: 10-sqm kiosks more