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Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»
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TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

Deloitte Romania survey: 60 per cent of the CFOs find the fiscal and regulatory framework as unstable

On the background of a falling unemployment and highest GDP growth in Central and Eastern Europe, Romanian CFOs enjoy an overall positive business climate, yet they focus more on consolidation r...

Pillar 2 is a fundamental tool for pension savings, says Foreign Investors Council

The Foreign Investors Council (FIC), which brings together companies hiring approximately 200.000 people, is worried by possible policy measures affecting the three-pillar pension savings system...

1 Comment

Banca Transilvania to sell 350 million Euro worth of bonds

Romanian lender Banca Transilvania wants to sell subordinated bonds worth 350 million Euro, with a 10-year maturity and a fixed or variable interest rate.

Romania's new cars sales hit 10-year record

Sales of new cars in Romania rose by 27.8 per cent in the first four months of this year, to 51,853 units, a 10-year high, according to the Automotive Manufacturers and Importers Association (AP...

American auto parts producer closes factory in Northern Romania

US auto parts producer TRW Automotive will close its wheel factory in Baia Mare, Nothern Romania.

Romanian insurance sector doubles profit in 2017

The insurance sector in Romania doubled its net profit last year to 508 million RON (110 million Euro) from 251 million RON in 2016, according to profit.ro.

New car sales increase by over 20 per cent in Romania in the first quarter

New vehicle sales in Romania increased by 20.3 per cent in the first quarter of this year compared to the same period of 2017, reaching almost 36,000 units, according to data released by the Car...

Renault and Dacia set a new sales record for the first quarter

In the first quarter of 2018, Group Renault increased by 5.4 per cent to 13.2 billion Euro, at constant exchange rates and perimeter.

3 Comments

Fewer Romanians work from home than anywhere else in the EU, says Eurostat

Romania has the lowest percentage of work from home employees in 2017, according to a recent Eurostat study released for Labour Day.

13 Comments

New registrations of passenger cars down by 0.7 per cent in Q1 2018

New registrations of road vehicles for passenger transport decreased by 0.7 per cent in the first quarter of 2018 compared to the first quarter of 2017.

Nissan to stop sale of diesel cars in Europe

Japanese carmaker Nissan has announced that it will gradually withdraw from the diesel vehicle market in Europe, in the context of weaker demand for diesel as customers worry about tax rises and...

2 Comments

Romania's average net wage hit all-time high in March

Romania's average net monthly earnings growth rate accelerated to 15.5 per cent year-on-year in March, from 11.2 per cent in February, due mainly to granting of Easter bonuses, National Institut...

Romania's inflation rate hits 5-year record high of 5.2 per cent in April

Romania's annual inflation rate rose to 5.2 per cent in April, a new record level since June 2013, energy prices increases having a large contribution to the evolution of consumer prices, Nation...

Banca Transilvania acquires Bancpost, ERB Retail Services IFN and ERB Leasing IFN

Banca Transilvania has become the owner of the majority of shares (99.15 per cent) held by Eurobank Group in Bancpost, as well as the owner of shares held in ERB Retail Services IFN and ERB Leas...

Vodafone Romania posts 723 million Euro services revenues in 2017, up 2.5 per cent compared to last year

Vodafone Romania announces the key performance indicators for the fiscal year ended March 31st, 2018, as reported by Vodafone Group Plc.

Banca Transilvania launches online loans

Banca Transilvania, the second-biggest lender in Romania, has launched an online loan that allows clients to borrow up to 5,000 Euro.

1 Comment

Deloitte Romania and Reff & Associates advised MAS in acquiring Militari Shopping Center

Deloitte Romania and Reff & Associates, member of Deloitte Legal in Romania, have advised MAS Real Estate in the acquisition of Militari Shopping Center from Atrium European Real Estate in a tra...

1 Comment

The state of the economy is a reflection of public policy, says FIC

The Foreign Investors Council (FIC) considers that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without proper impact asse...

Vienna Insurance Group posts growing profit in Q1 2018

Vienna Insurance Group (VIG) reports further improvement in all key figures for the 1st quarter of 2018 compared to the same period in the previous year.

Contactless payments will be the norm by 2020, says Mastercard Romania

In 2017, Romanians made 100 million contactless payments in Romania, via Mastercard and Maestro cards, representing 60-70 per cent of the total payments.

Facebook posts record revenues for Q1, despite data privacy scandal

Facebook Inc. shares rose on Wednesday after the company posted a surprising 63 per cent rise in profit as well as an increase in users, despite the fact that it has been going through a difficu...

Romania to face extreme workforce crisis, KeysFin analysis finds

According to a KeysFin analysis, Romanian companies are having difficulty finding employees who are skilled and have communication and teamwork abilities. After competing for good employees with...

1 Comment

TeraPlast Group reported 97 per cent increase in turnover in Q1 2018

TeraPlast Group, one of the main players in the construction market, posted a 131 million RON turnover in the first quarter of 2018 (1st quarter 2017: 67 million RON). The main contributors to t...

Autonom buys BT Operational Leasing from Banca Transilvania

The Banca Transilvania Financial Group and Autonom have closed a deal for the sale of 100 percent of shares in BT Operational Leasing. Through this deal, BT exits a field that was a secondary ni...

1 Comment

World Bank sees Bucharest on par with Western Europe capitals

Capitals in Eastern Europe, such as Bucharest, Sofia, Budapest and Warsaw compete with almost any major city in Western Europe in terms of economic development, according to a World Bank report....

3 Comments

Goodyear reports net income of 75 million USD in Q1

The Goodyear Tire & Rubber Company today reported results for the first quarter of 2018.

Romania may be the biggest EU fund loser in 2021-2027, says Erste

Romania will be the Central and Easter European (CEE) country most severely hit by the EU funds cut in the 2021-2027 financial exercise, according to estimates by Austrian group Erste.

Unicredit estimates economic slowdown in Romania

The economic growth rate in Romania will slow down to 4.4 per cent in 2018, from close to 7 per cent last year, and the government risks to register budget deficits exceeding 3 per cent of GDP i...

OTP Bank Romania's profit increased 18 per cent in Q1 2018

OTP Group announces the financial results for the first quarter of 2018. According to the report published in Budapest, which presents the consolidated result adjusted in accordance with the Gro...

1 Comment

Romania wants to join the Asian Infrastructure Investment Bank

Romania wants to join the Asian Infrastructure Investment Bank (AIIB) and will pay a 6.12 million USD installment this year for the membership.

Employees in Bucharest, Cluj, Timis and Ilfov best paid in 2018

Employees in Bucharest and the counties of Cluj, Timis and Ilfov are the best paid this year in terms of net average monthly earnings. At the opposite end are employees in the counties of Bistri...

Telekom Romania launches first loans in partnership with Alior Bank

Telekom Romania, one of the biggest local telecom groups, has launched its first two loans in partnership with Polish lender Alior Bank.

1 Comment

IMF criticizes Romania's low level of public investments

A document published by the International Monetary Fund (IMF) after consultations with Romania says that a more cautious fiscal discipline would help rebalance Romania’s economy and lessen the...

1 Comment

Banca Transilvania posts 366 million RON profit in Q1

Banca Transilvania registered a net profit of 366 million RON (78.7 million Euro) in the first quarter of this year, up 48.7 percent from the same period of 2017, due to rising operating fees an...

1 Comment

Romanians spend most of their money on food and dwelling, study says

Food and dwelling have the highest shares in the Romanians' monthly expenses although there are some differences between generations, according to a research by Golin and iSense Solutions.

Dacia generates 18.5 per cent of Groupe Renault's global sales

In the first quarter of this year, the Dacia brand, owned by French group Renault, sold 171,577 vehicles, a 13.8 per cent increase compared to the same period of 2017. Dacia's market share in th...

1 Comment

98,000 tourists spent around 6.4 million Euro in May 1 mini-holiday, says Romanian Tourism Federation

According to the Federation of Romanian Tourism Business Owners (FPTR), around 98,000 tourists travelled to various resorts in the country during the May 1 mini-holiday, where they spent around ...

Vodafone to boost converged services by acquiring UPC Romania

Vodafone Group Plc has agreed to acquire Liberty Global's operations in Romania, Germany, Czech Republic and Hungary, for a total enterprise value of 18.4 billion Euro as part of a major investm...

Austrian group buys industrial laundry business in Romania for five million Euro

Austrian group Salesianer Miettex, which provides industrial laundry services, has taken over a division of local group Promar Textil from Brasov and its brand, Kromatic, according to Romania In...

CFA Romania analysts say EUR/RON average exchange rate to reach 4,71 RON in next six months

Eight out of ten Chartered Financial Analyst Romania (CFA) Romania analysts say that the EUR/RON average exchange rate will reach 4,71 RON in the next six months and 4,75 RON in April 2019.

Romania surpasses Greece as 16th economy in the EU

Romania went up one place to become the 16th largest economy in the European Union (EU) in 2017. With the highest economic growth rate in the EU, of 7 per cent, Romania surpassed Greece last yea...

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ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian Traunfellner, Head of ...

2 Comments

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania.

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

2 Comments

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Development Manager AFI Eu...

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Chief Investment Officer...

3 Comments

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, Prague - 10.3 per cent...

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

3 Comments

Iulius Mall: 2017 a good year both for office premises delivery and office demand from companies planning to expand

Compared to the other countries in the region, Romania still has some catching up to do in terms of high quality office spaces that measure up to European standards, Laurentiu Manea, Manager Off...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a significant decrease of the ...

2 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research & development centres t...

Conadi: One opportunity for the residential market is to deliver high-quality projects adapted to buyers' needs

Romania's residential market has started to recover, coming closer to normality and likely to achieve its maturity soon, according to Daniela Barbu, Marketing Communications Specialist at Conadi...

1 Comment

Romania and US held 6th meeting of the Strategic Partnership Dialogue

The Governments of Romania and the United States of America held the sixth plenary meeting of the Strategic Partnership Dialogue in Bucharest, Romania, on June 19, 2018.

Romanian finance minister sees no crisis around the corner

Romania is not in the situation of being affected by an economic crisis, according to finance minister Eugen Teodorovici.

Romanians want more EU efforts for stability in economy and combat of corruption

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the European Committee ...

Questionable fiscal policies of government led to hike in inflation and interest rates, says president Iohannis

President Klaus Iohannis says he will attempt to mediate the conflict between government representatives and officials of the National Bank of Romania (BNR).

Political risks in CEE on the rise but no impact yet on local businesses, says Coface

A recently released report by Coface assessing the political risks in the Central and Eastern European countries (CEE) shows that, while social risks are low, due to the favourable macroeconomic...

Banca Transilvania to sell 350 million Euro worth of bonds

Romanian lender Banca Transilvania wants to sell subordinated bonds worth 350 million Euro, with a 10-year maturity and a fixed or variable interest rate.

Employees in Bucharest, Cluj, Timis and Ilfov best paid in 2018

Employees in Bucharest and the counties of Cluj, Timis and Ilfov are the best paid this year in terms of net average monthly earnings. At the opposite end are employees in the counties of Bistri...

Telekom Romania launches first loans in partnership with Alior Bank

Telekom Romania, one of the biggest local telecom groups, has launched its first two loans in partnership with Polish lender Alior Bank.

1 Comment

Vodafone to boost converged services by acquiring UPC Romania

Vodafone Group Plc has agreed to acquire Liberty Global's operations in Romania, Germany, Czech Republic and Hungary, for a total enterprise value of 18.4 billion Euro as part of a major investm...

Austrian group buys industrial laundry business in Romania for five million Euro

Austrian group Salesianer Miettex, which provides industrial laundry services, has taken over a division of local group Promar Textil from Brasov and its brand, Kromatic, according to Romania In...

Banca Transilvania acquires Bancpost, ERB Retail Services IFN and ERB Leasing IFN

Banca Transilvania has become the owner of the majority of shares (99.15 per cent) held by Eurobank Group in Bancpost, as well as the owner of shares held in ERB Retail Services IFN and ERB Leas...

Goodyear reports net income of 75 million USD in Q1

The Goodyear Tire & Rubber Company today reported results for the first quarter of 2018.

Unicredit estimates economic slowdown in Romania

The economic growth rate in Romania will slow down to 4.4 per cent in 2018, from close to 7 per cent last year, and the government risks to register budget deficits exceeding 3 per cent of GDP i...

Deloitte Romania survey: 60 per cent of the CFOs find the fiscal and regulatory framework as unstable

On the background of a falling unemployment and highest GDP growth in Central and Eastern Europe, Romanian CFOs enjoy an overall positive business climate, yet they focus more on consolidation r...

Romanians spend most of their money on food and dwelling, study says

Food and dwelling have the highest shares in the Romanians' monthly expenses although there are some differences between generations, according to a research by Golin and iSense Solutions.

Romania may be the biggest EU fund loser in 2021-2027, says Erste

Romania will be the Central and Easter European (CEE) country most severely hit by the EU funds cut in the 2021-2027 financial exercise, according to estimates by Austrian group Erste.

Romania wants to join the Asian Infrastructure Investment Bank

Romania wants to join the Asian Infrastructure Investment Bank (AIIB) and will pay a 6.12 million USD installment this year for the membership.

Dacia generates 18.5 per cent of Groupe Renault's global sales

In the first quarter of this year, the Dacia brand, owned by French group Renault, sold 171,577 vehicles, a 13.8 per cent increase compared to the same period of 2017. Dacia's market share in th...

1 Comment

TeraPlast Group reported 97 per cent increase in turnover in Q1 2018

TeraPlast Group, one of the main players in the construction market, posted a 131 million RON turnover in the first quarter of 2018 (1st quarter 2017: 67 million RON). The main contributors to t...

Deloitte Romania and Reff & Associates advised MAS in acquiring Militari Shopping Center

Deloitte Romania and Reff & Associates, member of Deloitte Legal in Romania, have advised MAS Real Estate in the acquisition of Militari Shopping Center from Atrium European Real Estate in a tra...

1 Comment

The state of the economy is a reflection of public policy, says FIC

The Foreign Investors Council (FIC) considers that recent negative economic data which drew the attention of politicians are the result of legislation that was adopted without proper impact asse...

98,000 tourists spent around 6.4 million Euro in May 1 mini-holiday, says Romanian Tourism Federation

According to the Federation of Romanian Tourism Business Owners (FPTR), around 98,000 tourists travelled to various resorts in the country during the May 1 mini-holiday, where they spent around ...

Romania's new cars sales hit 10-year record

Sales of new cars in Romania rose by 27.8 per cent in the first four months of this year, to 51,853 units, a 10-year high, according to the Automotive Manufacturers and Importers Association (AP...

American auto parts producer closes factory in Northern Romania

US auto parts producer TRW Automotive will close its wheel factory in Baia Mare, Nothern Romania.

New registrations of passenger cars down by 0.7 per cent in Q1 2018

New registrations of road vehicles for passenger transport decreased by 0.7 per cent in the first quarter of 2018 compared to the first quarter of 2017.

Vienna Insurance Group posts growing profit in Q1 2018

Vienna Insurance Group (VIG) reports further improvement in all key figures for the 1st quarter of 2018 compared to the same period in the previous year.

Contactless payments will be the norm by 2020, says Mastercard Romania

In 2017, Romanians made 100 million contactless payments in Romania, via Mastercard and Maestro cards, representing 60-70 per cent of the total payments.

Nissan to stop sale of diesel cars in Europe

Japanese carmaker Nissan has announced that it will gradually withdraw from the diesel vehicle market in Europe, in the context of weaker demand for diesel as customers worry about tax rises and...

2 Comments

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New Kopel Car to import BYD electric vehicles in Romania
New Kopel Car Import, a SIXT Group Romania company, announced that it became the importer of BYD Electric busses and vehicles in Romania.

CTP appoints Daniel Paraschiv as business development manager for Transylvania region
Industrial parks developer CTP has appointed Daniel Paraschiv as Business Development Manager for Transylvania, starting June. He will oversee the company's growth and strengthening in the Western region of Rom...

Dutch office company Spaces opens first locations in Bucharest
Dutch workspace company Spaces is opening its first two locations in Bucharest at Unirii View Tower and Campus 6. Constructions have already started and they are due by Q3 2018.

World Bank signs new Country Partnership Framework with Romania
The World Bank Group's Board of Executive Directors endorsed a new five-year Country Partnership Framework (CPF) for Romania that will prioritize investments in people, support for vibrant private sector develo...

AFI Europe Romania starts the construction of AFI City residential project
AFI Europe Romania announces the start of the AFI City residential project construction. First phase is to end in 16 months and will deliver two buildings with 190 homes.