The 65th edition of the annual international exhibition World Press Photo can be visited this year between May and August. Present for the 11th time in Romania, the exhibition will get out of museums and will be exhibited to the public in the centers of eight major cities in the country: Bucharest, Timisoara, Cluj, […]
At the beginning of April 2022, Poland’s software engineering company Spyrosoft Solutions opened a local office in Timisoara (western Romania), within the Vox Technology Park, where it leased 400 square meters of office space.
Women representation in leadership positions recorded progress in Romania over the last years. Romania reports progress in leadership gender balance, as the number of companies listed on the regulated market of the Bucharest Stock Exchange (BSE) with at least one woman occupying a board position increased by almost 20% since 2015 and reached 62%, […]
OX2 AB, a Swedish renewable energy company that develops, finance, and manages large-scale solar and wind projects, established an office in Romania in 2021 and is now developing a portfolio of wind power projects of 500 MW in Romania.
BAT was Romania’s biggest taxpayer in 2021, with a total contribution of almost 11 billion lei (€2,2 billion) in excise and taxes to the state budget, an increase of over 10% versus 2020. BAT is also one of the top exporters of agricultural products processed in Romania, with over 60% of the volumes produced […]
A total 72,522 housing units were delivered across Romania in 2021, a record level on the local residential market since 1989, which translates into a 7% increase compared to 2020, as per an analysis by real estate consulting firm Cushman & Wakefield Echinox based on statistical data released by the country’s statistics board INS.
72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statistical data released by the National Institute of Statistics. An annual average […]
Romania’s public debt, in both lei and foreign currency, increased by RON20.2 billion (EUR4.1 billion) in January-February 2022, to RON596.8 billion (EUR120.6 billion), in line with finance ministry data.
Stickr, an app developed in Romania, is a new social media platform with a unique code that only allows users to post owned content, automatically certifying the location and timing of the photos or videos posted by using satellite geolocation and placing all posts on a 3D map of the world. One month after launching […]
Tarfin, the regional leader in agricultural financial technology (agri-fintech) launches in Romania. The company of Turkish origin focuses on supporting the Romanian farmers and suppliers of agricultural inputs by combining traditional distribution channels with technology and financial resources. Tarfin aims to lower farmers’ costs of agricultural production by providing quick, cheap, and transparent financing […]
Austrotherm Romania, the local subsidiary of the Austrian group of the same name, a producer of polystyrene for constructions, has recently launched participation invitation for company that can provide machinery and technological equipment for a new plant the company will open in Romania.
ClusterPower, a company founded by Romanian entrepreneurs Cosmin Georgescu, Vladimir Ester and Carmen Ursa Georgescu in 2019, inaugurated on the largest data center in Romania, in Mischii, Dolj County April 1, 2022.
Austria’s Wienerberger Group, which manufactures construction materials, posted some EUR105 million revenue in Romania in 2021, its last year’s sustainability report says.
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported a net profit of EUR27.5 million at end-2021, the best result ever, up 39% versus 2020, the lender said in a statement.
With more than a decade’s worth of expertise in developing and operating mixed-use urban regeneration complexes in Romania, the only projects of this kind in the country, IULIUS Group is now launching a new project in Cluj-Napoca. The investment upwards of half a billion Euro focuses on the Carbochim platform, set to become the […]
Romania is among the countries were cement sales dropped last year for Germany;s group HeidelbergCement, while in northern European countries sales went up, shows the group’s 2021 financial report.
UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its local sales increase by 15% in 2021 versus 2020, to GBP279 million (almost EUR335 million), in line with Kingfisher’s annual report.