Romania Feed

Romania's finance ministry on Thursday raised RON1.16 billion, almost double the targeted amount of RON600 million, selling bonds maturing in June 2026 at an average yield of 4.48%, central bank data showed.

ICAP Romania and the Association of Risk Professionals analyzed the universe of companies with financial data as of December 2020. From the approximately 780,000 companies with financial results available, the study selected about 550,000 with financial data each year from 2017-2020. The 780,000 companies would represent about 98%, and the 550,000 represent about 71% of the […]

Bob Concierge, the Romanian startup which has developed an intelligent system of automated devices that provide and sell products and services within residential complexes and office buildings, has received a new investment of 6 million euros from American fund NCH Capital.   The company aims to use the funds to continue to innovate and scale […]

Smart Fintech marks a new premiere in Romania, becoming the first third-party provider licensed on both open banking segments. After becoming the first authorized payment institution in Romania under the PSD2 European directive in April, the start-up also received earlier this month authorization as an account information service provider from the National Bank of Romania, […]

NEPI Residential, the new residential division of the NEPI Rockcastle group, the main investor and developer of shopping centers in Central and Eastern Europe, announces receiving the construction permit and the start of works at Vulcan Residence, the newest apartments complex in 13 Septembrie area, Bucharest.   Vulcan Residence will be built in a single […]

Cognizant (Nasdaq: CTSH) today announced it will achieve net zero emissions by 2030, a new milestone set out as part of the company’s ongoing environmental, social and governance (ESG) agenda to become a more sustainable business.   “Climate change is widespread, rapid and intensifying,” said Brian Humphries, Chief Executive Officer at Cognizant. “As a global […]

Ziora, a technology start-up that developed an app for business management and online appointments used by beauty salons, medical clinics, and sports clubs, aims to raise €150.000 this year to develop an Artificial Intelligence platform to automate after-sales service. The AI module would reduce after-sales service costs by 80% and enables faster onboarding of new […]

Safetech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, announces its involvement as a co-organizer in CTF-USV (Capture the Flag). This is a competition dedicated to students in Romania and abroad that consists of solving several cybersecurity problems at the level of web applications. Ștefan cel Mare University […]

From the internal studies done by CIEL Romania, one of the most important software producers for entrepreneurs, it resulted that 45% of the Romanian companies made investments in digitalization during the pandemic. In more than half of the cases (61.2%) the amounts allocated to the automation of processes were smaller than 1,000 euros, in the […]

Orlin Alexiev is planning to compete in the Dakar Rally for the third time under the guidance of Todor Hristov. The race will be held in Saudi Arabia and consist of 12 stages over 13 days, including about 7,500 kilometers in the desert alone.   The former Municipal Councilor for the political party GERB, Orlin […]

Romania’s largest online retailer eMAG on Thursday launched Freshful by eMAG, a new online hypermarket with fast delivery of fresh products, following a EUR5 million investment in technology, operations and a refrigerated warehouse.

Nestlé, the largest food and beverage company in the world, announces the group-wide financial results for the first 9 months of 2021, reporting an organic growth of 7.6%, with a real internal growth (RIG) of 6 % and pricing of 1.6%. The financial results were based on the evolution of retail sales, being supported by […]

NEPI Residential, the new residential division of NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, obtained the building permit and will start the construction of Vulcan Residence, the first apartment complex in its portfolio, located in Bucharest’s 13 Septembrie area.

Startup Druid, founded in 2018 by local entrepreneur Liviu Dragan, on Thursday announced a fivefold increase in the monthly recurring revenue and $2.3 million annual recurring revenue at end-September 2021, amid demand on the market of Conversational Artificial Intelligence products.

Cigarette producer BAT contributed RON7.8 billion to Romania’s state budget in the first nine months of 2021, 13% more than in the year-earlier period.

Belgium-held logistic space developer WDP, one of Romania’s most dynamic investors on this market, bought a land plot of more than 60,000 square meters in Timisoara (western Romania) for a future development.

Cattle farm Agroindaf Afumati reached turnover worth RON6.7 million in 2020, slightly higher than in 2019, and net profit of RON860,000, almost half the 2019 level, in line with Finance Ministry data.

Ionut Dumitrescu, founder of Element Industrial, and Sacha Dragic, founder of Superbet, will seal a partnership to develop the ELI Parks logistics park network . Also involved is Anca Damour, former Carrefour executive board member, with a 19-year experience in the real estate and retail sectors.

Do-it-yourself retailer Dedeman, the biggest Romanian entrepreneurial company by turnover, leads in the ranking of Southeastern Europe profits, with a net gain of almost EUR300 million in 2020, shows SEE Top 100 ranking by Seenews, a Sofia-based business news provider.