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DRUID and Transilvania Leasing & Credit, one of the most experienced Romanian players on the local credit market, announced the implementation of a conversational artificial intelligence (AI) solution aimed at simplifying customers’ interaction with the company and improving the overall engagement experience.
Private lending in Romania grew by 15.8% in nominal terms (1.8% in real terms) to RON339 billion in April 2022 compared to April 2021, as local currency lending increased by 19.6% (5.1% in real terms) and foreign currency lending by 6.8% when expressed in lei (6.3% when expressed in euros), central bank data showed on Tuesday.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, increased to 5.83% a year on Tuesday (May 24) from 5.79% on Monday (May 23), as per central bank data.
GTS Telecom, a provider of communication services focused on the corporate market, in 2021 posted 48% higher turnover.
Lear Corporation, a US company producing car seats and electronic systems for the automotive industry, has bought Romania’s software company Thagora Technology, founded by entrepreneur Mihai Mitrica in Iasi.
Romanian upholstered furniture producer MobilaDalin of Reghin, Mures county, a Romanian business founded by Cotoi family 27 years ago, for 2021 reported turnover worth RON50.8 million (EUR10.3 million), 25% higher than in 2020, in line with ZF calculations based on Finance Ministry data.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is about to finalize the contruction of its new plant, but is still awaiting machinery for the production unit.
Stationery and office equipment importer and wholesaler Dacris, held by the Fati family, wants to develop a network of hubs in major regions of Romania in a bid to optimize its wholesale activity.
Oil transmission company Conpet Ploiesti (COTE.RO), majority held by the Romanian government via the Energy Ministry, announced on the Bucharest Stock Exchange on Monday evening that shareholder Utilico Emerging Markets PLC notified it its stake had dropped below the 5% line to 4.99%.
Romania's finance ministry raised RON296 million on Monday (May 23), selling bonds maturing in 2026, at an annual average yield of 7.99%.
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) on Monday said it registered a net profit of RON0.4 million in the first quarter of 2022, up 40% from the same period in 2021, in line with data released by company officials on Monday (May 23).
The European Commission has concluded that seven countries – Romania, Germany, Spain, France, the Netherlands, Portugal and Sweden – continue to have excessive imbalances, according to its spring edition of a report regarding the situation across European Union (EU) Member States.
The first small modular reactor project in the world will be built in Romania, in Doicesti (Dambovita County, southern Romania) Energy Minister Virgil Popescu announced on Monday.
Ion Stanciu, deputy general manager of river shipping company Transport Trade Services (TTS.RO), has bought shares worth RON308,000 (EUR62,000) in the company listed on the main market of the Bucharest Stock Exchange.
Law firm Wolf Theiss has recruited Dana Toma for the position of Counsel and Coordinator of the Real-Estate Practice in capital city Bucharest, and Ana-Maria Mustatea as Associate.
Unirea Shopping Center (SCDM.RO), which operates two retail centers in the cities of Bucharest and Brasov, on Monday said it registered a book loss of RON33 million in 2021, compared to a net profit of RON5 million in 2020, the company said in its financial report sent to the Bucharest Stock Exchange.
Alternative investment fund Agista, part of Impetum Group, is acquiring a 15% minority stake in Romanian company Eplus Smart Energy (Eplus).
The shares of fast-moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) will be included from June 20 in the FTSE Russell indices dedicated to emerging markets.
Romanian startup Flip.ro, a marketplace for the purchase and sale of refurbished mobile telephones, has raised a new funding round worth EUR6.5 million from eMAG Ventures – an investment fund created by giant online retailer eMAG, company representatives said in a statement.
Almost half of Romanians would like to buy a hybrid or electric vehicle (46%) in order to lower fuel costs and to protect the environment, according to Deloitte 2022 Global Automotive Consumer Study conducted across 25 countries around the world, including Romania.19043 items