Romania
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IKEA Sales In Romania Up 10.6%, To RON609M, In 2018 Financial Year
Swedish furniture and decoration retailer Ikea on Thursday reported 10.6% higher sales in Romania, to RON609.34 million, VAT not included, in 2018 financial year (September 1, 2017-August 31...
Coface: Romania Ranks Second In CEE By Insolvency Numbers In 2017
Romania ranks second among countries in Central and Eastern Europe (CEE) regarding the number of insolvent companies in 2017, with 8,256 firms, placing between Hungary (16,302 insolvent firm...
IMF Revises Downwards Romania’s GDP Growth Forecast To 4% In 2018
The International Monetary Fund (IMF) has revised downwards its forecast on Romania’s economic growth to 4% in 2018, 1.1 percentage points below the 5.1% level estimated in its April report,...
VTEX Targets Investments Of Over EUR2M In Next 5 Years After Opening Office In Romania
VTEX, global provider of cloud e-commerce solutions for large companies and one of the world’s leading e-commerce platforms, opened an office in Romania in September and announced investment...
Cinemax Invests EUR4M In Its First Cinemas In Romania; Plans To Reach 30 Screens In 2 Years
Cinemax, the largest multiplex cinema chain in Slovakia, announced its entry on the Romanian market, by investing EUR4 million in opening its first two cinemas, in Veranda Mall Bucuresti and...
Belgium’s WDP Invests EUR75M In Four New Properties In Romania, Reaches EUR450M Real Estate Portfolio
Belgian logistics space developer Warehouses DePauw (WDP), present in Romania through the company WDP Development Ro, bought a surface area of nearly 130,000 square meters of real estate pro...
Video Game Developers In Romania Post 12% Higher Turnover, Of $156M, On Year In 2017
Video game developers in Romania generated a turnover of $156 million in 2017, up 11.6% on the year, with more than 80 game development studios currently operating in Romania, of which more...
German Clothing Discounter Kik Enters Romanian Market With Store In Oradea-Based Prima Shops
German discount clothing retailer Kik, one of the five most powerful clothing brands in Hungary and Czech Republic, is entering the Romanian market and opening a 600-square meter store at th...
WB: 55% Of Romania’s Housing Units Built Before 1970, 35% Need Urgent Repairs
55% of Romania’s housing units were built before 1970 and 35% of the country’s 8.5 million housing units need urgent repairs, as per a survey presented Wednesday by Ashna Mathema, Senior Urb...