Romania: Austrian furniture retailer rents warehouse for its Bucharest (...)

February 23, 2021

Austrian furniture retailer rents warehouse for its Bucharest stores
Feb 23, 2021

Austrian furniture retailer rents warehouse for its Bucharest stores.

Austrian furniture and decoration retailer XXXLutz rented a 6,000 sqm storage space in the logistics park developed by the Belgium developer WDP in Dragomiresti, northwest of the Bucharest ring road, to supply its two stores in Romania's capital city. The transaction was brokered by real (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

Investigation shows Romania misused EUR 1 bln EU money for Danube Delta One billion euros earmarked by the European Union for the Danube Delta development - mainly for improving the locals' living standard - was shared by a handful of people connected through personal relationships, business or political interests, an investigation by Investigative Journalism for (...)

Romanian president says no to COVID passport for tourism Romania's president Klaus Iohannis stressed at the European Council's extraordinary meeting, organized on Thursday and Friday last week (February 25-26) by videoconference, that the vaccination certificate should be used for medical purposes only. "Regarding vaccination certificates, Romania's (...)

Bucharest City Council suspends Zonal Urban Development Plans for one year Bucharest's General Council agreed to suspend the Zonal Urban Development Plans in five of the city's six districts (the sixth one has no such document yet) for one year, at the request of mayor Nicusor Dan, G4media.ro reported. The Bucharest mayor says he wants to stop developers from (...)

Romanian lender BCR posts 37% higher profit in 2020 on low base Romania's second-biggest lender, BCR - part of Erste Bank Group, announced that it achieved a net profit of RON 814.1 million (EUR 168.3 mln) in 2020. With a return on assets of around 1%, the bank performed in line with the banking system's average. The 37% leap in its annual profit is due (...)

RO aluminium smelter Alro posts 2020 profit on EU-ETS subsidies Alro Group, the only aluminum producer in Romania and one of the largest in Europe, controlled by Russian group Vimetco, achieved in 2020 a consolidated net profit of RON 329 million (EUR 67.5 mln), compared to losses of RON 44.5 mln in 2019. The group's bottom line improvement was prompted by (...)

RO medical services provider MedLife triples profit in pandemic year Romanian private medical services provider MedLife (M), an entrepreneurial company controlled by the Marcu family, reported a preliminary consolidated net profit of RON 62 million (EUR 12.7 mln) for 2020, 3.5 times higher compared to the previous year. Its consolidated turnover increased by (...)

RO restaurant group Sphera reports marginal losses and positive EBITDA in 2020 Sphera Franchise Group (SFG), which operates KFC, Pizza Hut, and Taco Bell restaurants under franchise in Romania, Italy and Moldova, recorded revenues of RON 710 million (EUR 145 mln) in 2020, down by 25.6% compared to the previous year. Still, the company managed to end the year with only (...)