Aug 19, 2018

Former Brazil striker Julio Baptista signed a contract with CFR Cluj in a bid to resurrect his career with the Romanian champions, the club said on Saturday, according to Reuters. Financial details of the transfer and the length of the contract were not revealed by the Railwaymen as Cluj are known in Romania. “We are pleased to announce that we have completed...

Aug 17, 2018

Romanian software producer Life Is Hard, based in Cluj-Napoca, will invest over RON 5 million (EUR 1.08 million) in developing its business management platform for startups and SMEs, called Okey.ro. Almost half of this sum comes from the European Union, says Romania-Insider.com. This project will allow the developer to add 17 new modules to the platform and...

Aug 15, 2018

Cluj-Napoca City Hall will transform a street from Marasti neighborhood, after a pilot project, in a smart street that provides not only more space for pedestrians but also high tech facilities, according to Business-Review.eu. The street will include Electric Mobile Loadable Banks, state-of-the-art LED lighting poles that incorporate WIFI systems for internet...

Aug 14, 2018

Constanta became in 2017 the third largest regional residential market in Romania, with more than 3,000 dwellings delivered each year, thus joining Cluj Napoca (5,403 dwellings delivered), the largest residential market excluding Bucharest – Ilfov, and Timisoara (3,484 dwellings delivered), according to a report drawn up by Coldwell Banker Romania real estate...

Aug 13, 2018

At least 90,000 sqm of new retail spaces will be delivered in the second half of this year in four cities in Romania, although no new openings will take place in Bucharest, according to real estate consultancy firm Cushman & Wakefield Echinox, quoted by Romania-Insider.com. New retail spaces will be delivered by NEPI Rockcastle and Prime Kapital in Satu...

Aug 13, 2018

Romanian lender Banca Transilvania says its net profit was 662.7 million lei in the first half, up 33.6 percent on the year, whereas Banca Transilvania Financial Group’s consolidated net profit amounted to roughly 865 million lei, according to Reuters.com.   The BT Group’s total assets amounted to 75.3 billion lei at the end of the first half, up 25.9...

Aug 12, 2018

Romanian authorities say 440 people including two dozen riot police have received medical treatment after an antigovernment protest turned violent, according to Radio Free Europe/Radio Liberty. The Bucharest-Ilfov Emergency Service said on August 11 that of those, 65 people including nine riot police were taken to the hospital. The antigovernment protest in...

Aug 9, 2018

In the last 12 months, the demand for residential property recorded for the first time in recent years, a decline about  5 percent cumulative decrease in the big regional centers of the country, according to imobiliare.ro, quoted by Business-Review.eu. Of the six cities analyzed only three have a decrease in appetite for purchases, one of them notable of -15...