RISE
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Second-Hand Fashion Market on the Rise in Romania
The second-hand fashion market in Romania is developing like the regular fashion market, so retail and chains are emerging. This market started taking shape in Romania more than a decade ago...
Working from Home Drives Household Power Consumption to Record Levels in 2020
Household consumers became the stars of the energy system in 2020, as working and learning from home or the newfound love of cooking took the residential demand for power to record volumes.
Globalworth Net Operating Income Up 6.5% to EUR157.3M in 2020
Globalworth, the largest office space owner in Central and Eastern Europe, saw a 6.5% increase in net operating income to EUR157.3 million in 2020, whiles total portfolio value remained at E...
Demand for Houses Triples in Past Year, Real Estate Consultants Say
The supply of houses is preparing for an increase, the high number of land deals lately shows.
Sphera Franchise Group Sees Significant Rise in Deliveries in 2020
Restaurant group Sphera Franchise group, which holds the KFC, Pizza Hut and Taco Bell franchises in Romania, and is developing the KFC brand in the Republic of Moldova and Italy, saw its onl...
Zentiva Climbs to Third Place Among Pharmaceutical Companies by Sales in Romania in 2020
The strategy adopted at the onset of the pandemic to boost production capacity for drugs in demand drove local pharmaceutical manufacturer Zentiva to third place among the largest pharmaceut...
Denmark’s Rockwool Posts RON113M Revenue in 2020
Denmark’s Rockwool, which has a mineral wool plant in Aricestii Rahtivani, Prahova, ended 2020 with 18% rise in sales on the Romanian market to some RON113 million from the RON96 million of...
New Corporate Loans in Lei Reach 14-Year Monthly High in December
December 2020 came with last year’s highest level of new corporate loans in lei, as well as the 14-year monthly high, RON4.7 billion. The growth of new corporate loans in lei in December 202...
Builder Aktor Revenue in Romania Rises 67% to EUR435M in 2020
Greek-held builder Aktor, which specializes in infrastructure projects, has increased its Romanian revenue by 67% to RON435 million in 2020.