Romania Feed

Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, on Thursday reported a net profit of RON684 million for 2020, up 27.8% on the year.

Romanian conveyor belt maker Artego Targu-Jiu (ARTE.RO) has summoned its shareholders on March 29, 2021 to approve the distribution of dividends in the amount of RON4.3 million from the 2020 net profit of RON10.6 million, respectively, a gross dividend of RON0.5264 per share, per a stock market report.

The Board of Directors of Romania's nuclear power producer Nuclearelectrica (SNN.RO) has summoned the company’s shareholders on April 5 to approve the strategy of continuing the project of Units 3 and 4 at the power plant in Cernavoda, per a stock market report.

Shareholders of regional investment fund SIF Oltenia (SIF5.RO) on Wednesday approved the distribution of RON52 million from its 2019 profit of RON124 million in the form of dividends to investors.

Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and training services in the IT sector, said in a stock market report that it had successfully completed negotiations needed to join the shareholding structure of The E-Learning Company SA and thus signed the investment contract to buy 20,700 shares, or 23% of the share capital, for RON1.75 million.

Fasrhion Days managed to increase the sales in 2020 by over 50 percent compared to 2019. The pandemic that forced people to stay indoor was good for online retailers, said Robert Berza, General Manager of Fashion Days at Re:Focus on eCommerce Retail & Logistics 2021 event, organized by Business Review. ”2020 was divided in three […]

Romania's public debt reached RON498.3 billion at the end of 2020, accounting for 47.7% of the gross domestics product, compared with 35.3% of GDP in 2019, finance ministry data showed Wednesday.

Regional investment fund SIF Moldova (SIF2.RO) said Wednesday in a stock market announcement that regional investment fund SIF Banat-Crisana (SIF1.RO) fell below the 5% ownership threshold in SIF2, reaching a holding of 3.193%, following a transaction carried out on February 19, 2021.

Romania's nuclear power producer Nuclearelectrica, which operates the country's sole nuclear power plant, expects to start operating a third reactor in 2030–2031, the company's CEO said Wednesday.

Living and working abroad is a very rewarding experience – personally, professionally, financially, and culturally. Millions of people all over the world consider it to be exciting and a matter of prestige.    If you live in a foreign country you may deal with your financial situation in many different ways. You may be a […]

Atos today announces that it is raising its decarbonization ambition to reach “net zero” by 2028. With this ambition, Atos is committing to reducing the global carbon emissions under its control and influence by 50% by 2025 (scopes 1, 2, 3), and to offset all its residual emissions by 2028. Atos’ new trajectory is 22 years […]

Mihai Voicu, Partner at ONV LAW firm in Bucharest has recently been elected as President of the European Board of Legal Netlink Alliance (LNA), which gathers 95 independent law firms and more than 1.500 international business lawyers. Mihai Voicu coordinates the Business Law division (Corporate, Commercial Law, M&A, Tax, Insolvency and Labour Law) at ONV […]

OMV Petrom, the largest energy company in South-Eastern Europe, has invested EUR1.5 million at the Petrobrazi refinery to streamline the lighting system of its ten industrial ramps where crude oil and feedstock is unloaded and oil products are loaded.

TotalSoft, one of the leading providers of business information systems in Central and Eastern Europe, launches a new continuous-feedback solution for employees. It comes in the form of a module integrated in Charisma HCM, the TotalSoft human resources management system. The concept responds to the need for real-time feedback of new generation of employees and […]

Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, reported a turnover of RON20.2 million in 2020, up 31% on the year, and a net profit of RON0.8 million, up 17% on the year.

Egger Romania, part of the Austrian supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, posted about EUR299 million revenue in 2020, more than 9% lower than in 2019, ZF has calculated from the data provided by the company and from the Finance Ministry.

The Bucharest Stock Exchange Group (BVB.RO), which operates the Romanian capital market, reported a consolidated net profit of RON6.2 million for 2020, down 7% compared with 2019.

ISACA Romania Chapter and Revista CARIERE organize the virtual event themed “Expect the unexpected. Rewind. Reshape. Rethink. Restart” during 2nd – 4th March 2021. During the three days, at the ISACA Romania Chapter Virtual Event there will be debates on hot topics related to governance and regulations on information control and security, technology and leadership, […]

Companies in Romania’s outsourcing industry have not been affected by the COVID-19 pandemic too much and plan to continue hiring in 2021. Nine of them told Ziarul Financiar they sought to hire some 1,850 people this year.

You’ve heard it millions of times growing up, “You need to study hard so you can get a good education” but you also might be wondering, why? It’s a good question to ask because too many people mindlessly believe that they need to go to school because their parents, their teachers, or their friends said […]