Romania Feed

Financial investment company SIF Transilvania (SIF3.RO) halved the number of shares it held in Electrica (EL.RO) and Oil Terminal (OIL.RO), sold Romgaz (SNG.RO) and Petrom (SNP.RO) and participated in the private placement of GoCab Sofware during the third quarter of 2021.

Romania's finance ministry has reopened a bond issue due in July 2029 and raised RON544.3 million (EUR109.9 million) from banks on Thursday, above the targeted level of RON400 million, at an annual yield of 5.26%, central bank data showed.

Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first nine months of 2021 with a volume of underwritten gross premiums of RON1.1 billion, higher by 15% than in the corresponding period of 2020, according to company representatives.

Parcel delivery company Cargus expects the volume of parcel deliveries to increase by over 60% until the end of November 2021 as compared to the same period of 2020, the company said in a statement.

In the third quarter of 2021, the number of job vacancies in Romania stood at 47.3 thousand, increasing by 7.7 thousand as against the previous quarter, data from the country’s statistics board INS showed Thursday.

Telekom Romania Mobile Communications enters the winter competition in the telecommunications market with a new position and promise based on what customers want. Telekom Mobile’s new approach is based on customer-centric thinking – and nothing else – starting from the basic needs and their highest expectations and dissatisfactions when it comes to mobile services:   […]

The Black Friday -Cyber ​​Monday period brought 20% more sales and a 36% increase in the value of orders this year compared to the similar event in 2020, shows an analysis of MerchantPro, a platform that offers SaaS solutions for eCommerce and hosts over 1,500 of online stores. The most dynamic segments between November 12-15 […]

Profi retailer, controlled by Mid Europa Partners investment fund, has reached the threshold of 100 stores operating under the Noul Profi (the New Profi) concept, just one year since the opening of the first store of this kind in Ploiesti and digitization is the next step.

VIVO! Baia Mare marks the reopening of more than 10,000 square meters of the centre’s total rentable area, with the inauguration of more than 10 stores with new shopping concepts and the opening of a LIDL store. The total investment is worth around EUR 7 million.   “Following the successful modernisation of the VIVO! Cluj-Napoca […]

Romania’s education system is far from modern. However, like in any other organization, true community leaders can make the impossible possible. And for thousands of Romania’s schools, they are the only ones who can bring change and transform destinies.   To celebrate the school principals who are fighting to make a difference for children every […]

The world of advertising is constantly developing. Nowadays, it is difficult to find a person who is not at least partially aware of basic marketing mechanisms. It is especially popular with students. Indeed, mastering basic skills and getting a job in this sphere seems to be a well-planned strategy. Even if your major is far […]

Czech-based online grocery Rohlik Group will launch operations in Italy, Romania and Spain in 2022 under a new Sezamo brand, the company said on Thursday.

Real estate is always a good investment. It brings you money and the value of the real estate increases over time, generally at a rate higher than inflation. You can see your property’s value increase as you invest in it and maintain it well during its lifetime. With foresight and investments, the property will help […]

Romania's finance ministry on Thursday said it was carrying out a new public offer for the sale of Fidelis government bonds for individual investors on the Bucharest Stock Exchange, between November 18 and December 10, 2021.

The 6th edition of BR’s Working Romania comes to a close, after 4 hours of exploring the HR trends of 2022 and gaining valuable insights into the #futureofwork! Thank you all for joining the event and helping us make Working Romania, once again, the premier HR conference in our country. A special thank you also […]

New car registrations in Romania inched up 0.8% on the year to 97,870 units in January-October 2021, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.

Private pension funds in Romania on the mandatory (Pillar II) and voluntary (Pillar III) segments made payments worth over RON1 billion (EUR200 million) to almost 115,000 participants and heirs (beneficiaries) in the last 14 years, from inception until the end of September 2021, per statistical data from the Romanian association for private pensions APAPR and the financial supervisory authority ASF.

Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR411.6 million in Romania in January-September 2021, up 16% on the year, and a profit before taxes of EUR1.9 million, down 86% on the year, per the company’s financial report.

Hidroelectrica, Romania’s biggest power producer, is in talks for a 2,000 MW wind and solar power project portfolio, the equivalent of three Cernavoda reactors. This is the biggest portfolio of renewable power projects underway in Romania.

Alexandra Copos de Prada, the daughter of businessman George Copos and Cristiana Copos, settled in London but involved in the development of store network ANA Pan, says the pandemic has brought a lot of challenges for the industry, but expects the business she runs to grow 15% this year.