Romania Feed

Romania's annual inflation rate moderated slightly to 7.8% in November 2021 after climbing to 7.9% in October 2021, data from the country's statistics board showed Monday.

Bitdefender, one of the first private software companies established in Romania after the fall of communism, as well as one of the largest local software businesses and a key player in the global market for cyber security solutions, has hired investment banks JPMorgan and Morgan Stanley to manage the floatation project in the United States.

Flights to and from Romania generated EUR122 million revenue for Hungary’s Wizz Air group between April and September this year, according to a corporate financial report.

The 5 to go café chain has reached almost 300 shops nationwide after 90 new ones opened in 2021, with another 16 due to open soon.

The Romanian insurance market ended the first nine months of 2021 with gross written premiums of RON9.8 billion, up 15% compared with the same period in 2020, according to the data presented by Cristian Rosu, vice president of the Financial Supervisory Authority (ASF) for the insurance sector.

Payday lenders have effectively leveraged Native American sovereign reservation status. Often they are forging partnerships with tribal members to offer loans over and above the Internet which evades state law. However, the FTC has also begun to actively monitor these lenders.   While some tribal lenders are run by Native Americans, there is evidence that […]

Payday lenders have effectively leveraged Native American sovereign reservation status. Often they are forging partnerships with tribal members to offer loans over and above the Internet which evades state law. However, the FTC has also begun to actively monitor these lenders.   While some tribal lenders are run by Native Americans, there is evidence that […]

Even though the covid-19 pandemic is still present, 2021 is an important year for sports worldwide, with the Olympics taking place in Tokyo and, for Romania specifically, as it hosted several football games from EURO 2020, while the Women’s European Volleyball Trophy toured the country’s most important cities, giving fans a chance to see it […]

Even though the covid-19 pandemic is still present, 2021 is an important year for sports worldwide, with the Olympics taking place in Tokyo and, for Romania specifically, as it hosted several football games from EURO 2020, while the Women’s European Volleyball Trophy toured the country’s most important cities, giving fans a chance to see it […]

CIEL Romania, one of the leading manufacturers of software for business, will end 2021 with a turnover of 1,6 million euros, up by 15% compared to the previous year. The main growth factors are the high demand for the ERP system and for the cloud payroll solution, the launch of automation solutions and the launch […]

CIEL Romania, one of the leading manufacturers of software for business, will end 2021 with a turnover of 1,6 million euros, up by 15% compared to the previous year. The main growth factors are the high demand for the ERP system and for the cloud payroll solution, the launch of automation solutions and the launch […]

The health crisis has brought major changes at all levels, globally. One of the interesting things is that the properties in the mountain tourist areas have become more and more interesting for investors, according to the annual Savills study “The Ski Report, Winter 2021-22”.   The first quarter of 2021 was particularly acute for demand. […]

The health crisis has brought major changes at all levels, globally. One of the interesting things is that the properties in the mountain tourist areas have become more and more interesting for investors, according to the annual Savills study “The Ski Report, Winter 2021-22”.   The first quarter of 2021 was particularly acute for demand. […]

The positive evolution of the vaccination rates around the world and the flexibility to work remotely contributed to the resumption of travel, so the number of tourists who flew and stayed at the hotel increased by 50% in the last part of 2021 compared to the previous year, according to Deloitte 2021 Holiday Travel Survey. […]

The positive evolution of the vaccination rates around the world and the flexibility to work remotely contributed to the resumption of travel, so the number of tourists who flew and stayed at the hotel increased by 50% in the last part of 2021 compared to the previous year, according to Deloitte 2021 Holiday Travel Survey. […]

More than 2 million visitors have crossed the threshold of Dino Parc Râșnov in its six years of activity. Since its opening in June 2015, the largest dinosaur park in South-East Europe has doubled in size to 3.5 hectares and recorded a turnover of RON 5,449,155 in the first half of 2021, managing to recover after […]

More than 2 million visitors have crossed the threshold of Dino Parc Râșnov in its six years of activity. Since its opening in June 2015, the largest dinosaur park in South-East Europe has doubled in size to 3.5 hectares and recorded a turnover of RON 5,449,155 in the first half of 2021, managing to recover after […]

Continental Romania, the largest automotive component manufacturer in the country, is investing EUR8 million in a new building in Iasi, which includes the engineering center, test laboratories and an aboveground car park.

ABN Systems International, an integrator and distributor of electronic equipment and telecommunications accessories, will launch the first IPO of a technology company on the Bucharest Stock Exchange on December 15 for the sale of 7.73 million shares, representing a 30% free float.

Romania ranks 31st by purchasing power out of the 42 countries included in the European ranking of GfK, with an average of EUR7,453 per capita, 50% lower than the European average.