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Romania's seasonally adjusted unemployment rate grew to 5.6% in January from 5.2% in December, data from the country's statistics board showed Wednesday.
Asirom, the second largest local insurer in the portfolio of Vienna Insurance Group (VIG), has introduced artificial intelligence in the damage assessment system n the underwriting process for the CASCO car insurance product.
BRK Financial Group (BRK.RO), the only brokerage company listed on the Bucharest Stock Exchange, on March 9 started acting as Market Maker for shares of OMV Petrom (SNP.RO), the largest energy company in South-Eastern Europe.
Alesonor, a real estate development firm held by Greek entrepreneurs, which erected luxury residential project Amber Gardens has obtained the urban planing permit for a EUR110 million residential project in the Tunari area, north of Bucharest.
Demand for real estate valuation and consulting services remained constant during the pandemic, as investors sought to identify changes and new market trends and recalibrate their choices amid uncertainty, real estate consultancy company Cushman & Wakefield Echinox said Tuesday.
The digitization of public services is an indisputable necessity, as it solves citizens' problems quickly and efficiently, especially in the current context of the pandemic, in which social interaction between individuals has become an obvious danger, EY Romania's head tech consulting partner said T
Romanian lender BRD Groupe Société Générale has granted a EUR20 million loan to Ana Hotels group for the renovation of the Athenee Palace Hilton hotel in Bucharest, a historical building in the city center.
Veterinary services provider PawSquad, founded in 2015 by serial entrepreneurs Diwaker Singh and Radu Georgescu, has been acquired by IVC Evidensia, Europe’s leading veterinary care provider based across 12 countries.
Romanian construction materials manufacturer TeraPlast Group (TRP.RO) plans to distribute special dividends totaling RON226.6 million, plus free shares from the profit it registers at the end of March 2021.
Amazon, the world’s largest online retailer, plans to open a new office in Timisoara and two more in Iasi by the end of the year, creating 500 more jobs.
Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported a gross profit of EUR14.2 million for local operations in 2020, from a loss of EUR101.8 million in 2019.
Korean Mumuso brand now has four stores in Romania after having opened a new one in the Park Lake mall in Bucharest. Its other stores are in Auchan Militari, DN1 Value Center and Dambovita Mall, its corporate website says.
The interbank market ended February with cash surplus again and banks that were left with lei on their hands at the end of some days used the overnight deposit facility provided by Romania’s central bank and deposit auctions.
Organic fertilizer producer Norofert Group (NRF.RO) has signed a binding agreement to purchase Agroprod Cev, which operates a 1,000-hectare farm in Teleorman county, southern Romania, in a deal amounting to RON9.5 million (EUR1.95 million).
Dozens of plants – furniture, cosmetics, food or construction supplies factories, have been taken down in the past two decades to make room for DIY stores, hypermarkets, malls and apartment buildings. Manufacturing was relocated, but some plants closed for good.
Romania's gross domestic product contracted by 3.9% in real terms in 2020 compared with 2019, breakdown data from the country's statistics board confirmed Tuesday.
Romania's finance ministry on Monday rejected all bids at a tender where it planned to raise 400 million lei (EUR81.9 million) selling bonds maturing in June 2026, central bank data showed.
Private medical services network Regina Maria, owned by investment fund Mid Europa Partners, reported a consolidated turnover of EUR237 million in 2020, up 27% on the year.
The Romanian capital market posted nearly 18% growth in the past year and nearly a quarter of the growth rate was achieved in January and February 2021, Bucharest Stock Exchange data showed Monday.
Romania's president Klaus Iohannis on Monday signed off on a loan agreement allowing Romania to borrow EUR4 billion from the European Union to protect citizens affected by the Covid-19 crisis.19043 items