Romania Feed

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.

Romanian regional investment fund SIF Muntenia (SIF4.RO) on Tuesday informed investors that on June 6, 2022 it concluded a sale-purchase contract with Centrul Medical Unirea regarding the transfer of a total 1,882,496 shares held by SIF Muntenia at Muntenia Medical Competences.

Romanian real estate developer Eden Capital Development announced that it obtained the building permit for a EUR200 million residential complex in capital Bucharest.

T-Systems International sets off the opening of a Digital Hub in Romania with the support of Combridge and DTSE Romania, offering more than 100 jobs.

Romanian startup firm Vatis Tech, which developed a speech recognition platform for audio-video content processing, is preparing for a second funding round due in the fall of 2022, aiming for international expansion, company officials said in a statement.

Alexandrion Group, the biggest alcoholic beverage producer domestically, has launched the Carpathian Single Malt brand, the first single malt whisky 100% made in Romania.

Cluj-Napoca based car parts wholesaler Unix Auto, held by businessman Zombori Antal, posted RON322.6 million (EUR65.6 million) revenue in 2021, about 3% lower than in 2020, ZF has calculated from Finance Ministry data.

Law firm Filip & Company assisted BCR in the transfer of part of the operating lease business of BCR Fleet Management to Arval Group.

Marius Motofei, Business Operations & Public Sector Director at Vodafone Romania, will be a speaker at Business Review’s Rising Cities. Smart Future 2022, where he be part of the second of the day titled “Unleashing the full potential of a smart city.” Join him and an entire line-up of top speakers at the premier smart city event in […]

Claudiu Bisnel, the Managing Partner at Brisk Group, will be a speaker at Business Review’s Rising Cities. Smart Future 2022, where he will be part of the first panel of the day titled “Challenges and opportunities for a sustainable environment within a modern city.” Join him and an entire line-up of top speakers at the premier smart city […]

A recent study by Ipsos for ING Bank shows that eight out of ten Romanians believe prices will increase on average 25% in the next period percent.

Alesonor, the developer of the first complete suburb, presents the concept of the Amber Forest green villas. Some of the more than 20 types of green villas with different sizes and designs, to meet multiple needs and preferences, are designed by the architecture office Studio 1408.   Designed for high performance, the villas will be […]

Razvan Parvulescu, Business Development Coordinator at BTDConstruct & Ambient, will be a speaker at Business Review’s Rising Cities. Smart Future 2022, where he will be part of the first panel of the day titled “Challenges and opportunities for a sustainable environment within a modern city.” Join him and an entire line-up of top speakers at the premier smart […]

Raf Reyes, a 23-year-old French multidisciplinary artist and designer, exhibits his works on the border between pop art, surreal and baroque on June 9-17th at the Ghica Victoria Palace in Bucharest. The artist represents the Darmo Gallery, a French gallery that presents its artists for the first time in Romania.   “Revival” allows us to […]

A double event took place today Monday, the 6th of June 2022, in the program to modernize public transport in Iasi, at the Intermodal Center, on Virgil Săhleanu Boulevard.   Both the inauguration and the maiden voyages of the first Bozankaya trams purchased by the Iasi City Hall, using European funds. The event has been held by […]

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 6.07% a year on Tuesday (June 7) from 6.05% a year on Monday (June 6), as per central bank data.

The Romanian MedTech startup Medicai targets markets in Western Europe and the US and internationalization is the next strategic expansion step for Medicai to provide solutions for the healthcare system in other global markets.   The company aims to access more customers and projects in different geographic regions. The company is initially focusing its efforts […]

Softbinator Technologies, a Romanian software development company specialized in the design, development, and launch of innovative products with local and international clients announces the start of the procedures for taking over [e-spres -oh], an IT company from Timisoara.   Following the transaction, Softbinator Technologies will consolidate its presence in Romania’s western part and expand its […]

Coface, a top provider of integrated credit risk management services, marks 15 years since the launch of the commercial credit insurance division on the Romanian market. In this context, the company launches EasyLiner, an insurance product dedicated to SMEs, adapted to the new requirements of the market. Coface thus continues to support companies in their […]

The European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude oil and petroleum products of Russian origin. The implementation of this measure will take 6 months for crude oil and up to 8 months for petroleum products.   These restrictions do not apply to […]