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WEBCON, one of the leading global companies that deliver an Enterprise Low-code Application Platform (LCAP) for business process automation and management, has decided to expand its operations in Romania and increase its market presence, both organically and together with Romanian partners and clients.
Romania’s finance ministry has signed three financing contracts worth over EUR260 million with the European Investment Bank (EIB) for the modernization of roads and the rehabilitation and expansion of 26 hospitals to prepare them for potential future pandemics and also to support the overloaded public hospital sector.
Romania's central bank has decided at its board meeting on Tuesday (January 10), its first monetary policy meeting of 2023, to raise its benchmark interest rate by 0.25% percentage points to 7% a year from the current rate of 6.75% a year, starting January 11, 2023.
Delgaz Grid, the natural gas and electricity distribution company of German utility group E.ON in Romania, is investing RON79 million in upgrading the power distribution network and implementing SMART meters in Neamt County, using European Union funds.
Romanian startup Vatis Tech, which created a speech recognition platform for audio-video content processing, announces a new funding round worth EUR650,000, company representatives said in a statement.
Half (53%) of employees expect their salaries to increase in 2023 and 40% plan to look for another job unless this happens in the context of rampant inflation, according to a survey conducted by Undelucram.ro, Romania’s largest online employee community.
The Bucharest Stock Exchange has updated the selection criteria for BET, BET-TR and BET-TRN indices by including a new mechanism through which new companies can be added to the indices.
The shift to hybrid work from remote work, together with the fact that a rising number of employees will be tempted to take up a second job to boost their revenues on the long term are the main labour market directions in 2023, reveals an eJobs report.
German manufacturer of wiring harnesses for the automotive industry and electrical systems Kromberg & Schubert Romania NA, the local subsidiary of the German group Kromberg & Schubert, currently has 80 jobs available at the plant of Nadab, Arad.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, ended 2022 with EUR15.5 million turnover and for 2023 projects 20% higher turnover amid new contracts.
Cristian Preotu, founder of Le Manoir group, active in the field of fine gastronomy, is set to invest EUR2 million this year in three new projects.
The rising number of deals in the second half of 2023 and the declining supply, at least in Bucharest, will lead, on a longer-term basis, to a new price increase, with effects particularly in 2024 and 2025, believes Daniel Crainic, a marketing manager at Imobiliare.ro platform.
Automotive wiring maker Leoni Wiring Systems Pitesti, part of Germany’s Leoni, has 250 jobs available for unskilled workers and engineers, among others, at its wiring plant in Bascov (near Pitesti), Arges County, the county employment agency (AJOFM) website says.
Romania's finance ministry raised RON1.9 billion on Monday (January 9, 2023) through two government bond issues, at annual average yields of 7.73% and 6.8%.
Law firm Dentons advised a syndicate of lenders - Erste Group Bank, Banca Comerciala Romana, Raiffeisen Bank International, Raiffeisen Bank Romania and Alpha Bank Romania, in the granting of a EUR450 million non-recourse secured loan to companies in the AFI Europe group to refinance their portfolio of shopping centers in Bucharest, Brasov and Ploiesti.
Revolut, the global financial super-app with more than 25 million retail customers globally and 2.5 million in Romania, announced the introduction of precious metals Platinum and Palladium into the portfolio of investment solutions for the users in the European Economic Area (EEA), Switzerland and the UK.
OMRO IFN, one of the first microfinance institutions in Romania, increased its share capital by RON3.3 million since the start of the year.
Mateja Podgornik has taken over the position of Managing Director Romania and Slovenia within Mondelez International, starting from January 2023.
Romanian software company EXE Software increased its team of experts by some 40 people in 2022, company representatives said in a press statement.
Online bookstore Libris.ro sold more than 2.3 million books in 2022 and the average order grew by 10% to RON113.19015 items