Romania Feed

REGINA MARIA, the Healthcare Network launches the results of an extensive research on the psychosomatic effects of longing and homesickness on the communities affected by migration. The results illustrate the most frequent symptoms of longing – the only condition transmitted at a distance: decreased sleep quality, increased heart rate, muscle tension or intense anxiety.   […]

Romania's foreign exchange reserves fell by EUR560 million in November 2021 versus October 2021, to EUR39.2 billion, central bank data showed Thursday.

Filip & Company Law Firm assisted DIGI in the sale of DIGI Távközlési Szolgáltató Ltd. and of its subsidiaries Invitel, I TV and DIGI Infrastructure towards 4iG, active on the IT and telecommunications market in Hungary. The transaction was concluded on Monday, 29 November, the value of the investment reaching EUR 625 million.   “DIGI […]

IMMOFINANZ again demonstrated its strong earning power in the first three quarters of 2021. The results of operations rose by nearly 60% year-on-year to EUR 180.4 million and even substantially exceeded the comparable 2019 pre-crisis level (+29% versus Q1–3 2019). Net profit turned clearly positive at EUR 295.7 million and also surpassed the pre-crisis level in 2019 (Q1–3 2019: […]

Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, led by Lucian Azoitei, announces the completion of the international selection for design, engineering and technical assistance services for the construction of the Lagoon City mixed-use complex in Bucharest.

Scandinavian furniture and home accessories retailer JYSK on Thursday said its turnover grew by 30% to RON793.6 million and its profit before tax soared by 82% to RON148.8 million, in Romania, in 2021 financial year ended on August 31.

Vodafone Business today launches Christmas special offers for entrepreneurs, with extra-gifts and benefits helping them grow their business.   “The new offers continue Vodafone Business promise to support entrepreneurs and small and medium businesses to grow and successfully operate in a digital world. Our commitment is to be a trustful partner for this customer segment […]

The group of firms Maviprod-IRUM, held by the Oltean Family in Reghin, expects to end 2021 with a nearly 15% increase in turnover versus 2020, after seeing a nearly 30% rise year-over-year in the third quarter of 2021.

Fast food restaurant chain Subway, present on the Romanian market since the spring of 2012, has closed five stores in Romania over the last six months, reaching a 34-unit chain, per data on its website and calculations by Ziarul Financiar based on previous information.

The Romanian economy recorded a dynamic recovery in the first three quarters of 2021, confirming the widely anticipated recovery and setting the premises for a solid economic growth at the end of 2021. From a banking system perspective, lending demand has grown at a solid pace, with new volumes reaching the highest levels since 2009. […]

Romanian-based digital transformation and technical specialist, ddroidd, has been named in the TechRound100, an annual competition that celebrates the most successful and innovative start-ups in the UK. With more than 3,000 applications submitted, ddroidd placed 24 in the Top 100 list.   The TechRound100 list is reviewed by a panel of expert judges, who provided […]

Czech online home deco retailer Bonami, part of Czech Miton Group, reported sales of over EUR1.2 million on the Romanian market in November 2021, when it carried out multiple sales campaigns among which the Black Friday sales campaign.

The ten most active brokers on the Bucharest Stock Exchange intermediated cumulated deals worth RON34.89 billion in January-November 2021, jointly holding a 92.6% market share, per calculations by Ziarul Financiar (ZF) based on stock market data.

Seven of ten biggest insurance companies in Romania registered profit in 2020, per finance ministry data. The most profitable insurer was Allianz-Tiriac, reporting profit of RON138 million, which, relative to RON1.65 million revenue, translates into a profit margin of 8.36%.

More than half of companies worldwide (58%) expect an increase in taxation in their organization’s country of residence, as a result of the effects produced by the COVID-19 pandemic, and 90% estimate more tax disputes due to the growing government deficits recorded in this context, according to the Deloitte 2021 Global Tax Survey: Beyond BEPS (Base Erosion and Profit Shifting). Almost half (45%) of respondents expect more rigorous tax controls in their parent’s jurisdiction as a result of the pandemic, and 65% say that the tax authorities of those countries are increasing the use of data gathering and data analytics tools.

Today, Business Review launches the fourth phase of its established Call For Leaders interview series, titled #Call4Leaders 4.0. The established 3-questions format has been updated, as the interviews will consist of four main questions that will be answered by some of the most important business leaders in Romania, and centered around the main 4 trends of […]

Health food delivery startup LifeBox is moving operations to a new production facility in the Apaca Complex in western Bucharest and has allocated a total investment of EUR900,000 for it.

Longin Mircea Draghicescu, one of the major landowners in Olt County, has increased his stake in Cerealcom Teleorman (CCOM.RO) to 69% through Longin SRL, according to an announcement published on the Bucharest Stock Exchange (BVB.RO).

Industrial production prices for the domestic and non-domestic markets grew by 6.3% in October 2021 versus September 2021 and by 26.8% in October 2021 versus October 2020, data from Romania’s statistics board INS showed Thursday.

Romania's seasonally adjusted unemployment rate reached 5.3% in October 2021, the same level as compared to September 2021, data from the country's statistics board INS showed Thursday.