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Startup firm Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted a EUR500,000 seed investment round from Early Game Ventures (EGV).
Romania's trade balance posted a deficit of EUR10.01 billion in January-April 2022, higher by EUR2.93 billion compared with the first four months of 2021, data from the country's statistics board INS showed Thursday.
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, grew to 6.13% a year on Thursday (June 9) from 6.10% a year on Wednesday (June 8), as per central bank data.
Solina Romania, one of Romania’s biggest producers of food ingredients and spices, for 2022 budgeted turnover worth RON175.7 million (around EUR35 million), up around 19% from the 2021 level, in line with ZF calculations based on company data.
Bombardier Transportation Shared Services Romania, the local subsidiary of Canada’s Bombardier, taken over last year by France’s Alstom, for 2021 reported turnover of RON96.2 million (EUR19.6 million), up 12.3% from 2020, in line with ZF calculations based on Finance Ministry data.
Car parts manufacturer Joysonquin Automotive Systems Romania (the former Quin Romania), the local division of China’s Joyson, for 2021 reported turnover worth almost RON571.3 million (EUR116.1 million), up 11% from the previous year, in line with ZF calculations based on Finance Ministry data.
Glovo, a leading player in the express delivery industry, has appointed Iustinian Belghir to the role of General Manager for its Romanian operations, effective June this year.
Romanian video game developer Amber has continued to expand and has opened a new office in Warsaw, Poland, its officials said. The new office will focus on programming, art and game design, aiming to increase Amber's expertise in PC and console game development.
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, has notified its shareholders that June 16 is the pay date for the dividends decided by the General Meeting of Shareholders at the end of April, the lender said in a report to the Bucharest Stock Exchange.
Life insurance company Aegon Romania, part of international financial group Aegon, ended 2021 with gross written premiums of RON153.4 milion, an increase of 14.09% on 2020 and a 4.73% market share.
Shares of One United Properties, a real estate developer of residential, office and mixed-use projects in Romania, will be included, starting June 20, in a new FTSE Russell index: the FTSE EPRA Nareit EMEA Emerging one.
Agroland Business System, the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, inked a partnership agreement with Mega Image retailer for the delivery of table eggs in the network’s Bucharest stores.
Regina Maria network announced it acquired Muntenia Hospital of Pitesti, founded and managed by SIF Muntenia, in a RON33.6 million deal.
ING Tech Romania, the software development hub of financial-banking group ING, which has recently changed its name to ING Hubs Romania, has budgeted turnover growth of around 20-30% for 2022, to over EUR100 million.
Dutch-Belgian retailer Mega Image, which owns over 920 supermarkets and proximity stores in Romania, will expand further domestically, adding 75 new stores, with another 57 units set to be refurbished.
NEPI Rockcastle, the biggest shopping center investor and developer of Central and Eastern Europe, has resumed its expansion in Romania, both in Bucharest and in Craiova.
MOL Romania Petroleum Products, the local subsidiary of Hungary’s MOL, for 2021 reported turnover of above RON7.9 billion (EUR1.6 billion), up 42.6% from 2020, in line with ZF calculations based on Finance Ministry data.
Kandia Dulce, Romania’s biggest chocolate producer, aims for 21% higher turnover in 2022 against 2021, to RON194 million, betting on the most important brands in its portfolio.
Oradea, the second largest market for logistics and transport in Romania after Bucharest, will have the first industrial park with a cargo terminal, also the first air cargo terminal in the country.
Most retailers in Romania (almost 60%) reported rising sales since the onset of the COVID-19 pandemic until March 2022, with the online segment surging by 57%, as per a survey by VTEX, an e-commerce platform, and market research firm MKOR Consulting.19464 items