Romania's Finance Ministry raised RON1.33 billion from banks on Thursday (September 21), selling government paper in two auctions, at annual average yields of 6.83% and 6.87%.
Low-cost carrier Wizz Air has announced on Thursday (Sept 21) a new route from Bucharest to Thessaloniki, starting October 30, 2023.
Four out of ten employees in Romania are unhappy with their salary, according to the latest survey by online recruitment platform eJobs.
Attracting and retaining talent are top concerns for employers around the world, yet more than one-third (35%) of employees are likely to quit their job in the next 12 months, with Gen Z (38%) and millennials (37%) the most likely to leave, according to the EY 2023 Work Reimagined Survey.
Canada's Minister of Energy and Natural Resources, Jonathan Wilkinson, together with Romania's Energy Minister, Sebastian Burduja, announced Canada’s decision to support with 3 billion Canadian dollars the development of the project of Units 3 and 4 at Cernavoda Nuclear Power Plant (Cernavoda NPP).
Daniel Baluta, mayor of Bucharest’s District 4, together with Giurgiu County Council, have started procedures for the construction of an airport in Bucharest’s south.
The four-star hotel TTS Covasna, opened in 2016 in the wake of a EUR5.3 million investment by businessman Mircea Mihailescu (founder of Danube freight carrier TTS), in 2022 posted RON 8 million turnover and for 2023 expects a 5% increase, according to the company’s officials.
Dacia, with a brand value of EUR1.06 billion in 2023, up 30% vs 2022, has recovered last year’s drop and overtaken eMAG, with a brand value of EUR877 million, down 15% vs 2022, to again become the most valuable Romanian brand, according to the latest report by Brand Finance, the largest global independent brand valuation firm.
Romania's antitrust regulator said on Wednesday that it carried out unannounced inspections at Enel Romania, at the electricity distribution companies within Enel Group and at the electricity supply companies part of the Group.
The Board of Directors of building materials holding company ROCA Industry (ROC1.RO) has reelected Ioan-Adrian Bindea as Chairman of the company's Board of Directors for a two-year period, from September 19, 2023 until September 17, 2025.
Romanian technology startup theCoRD.ai is launching the world’s first AI (artificial intelligence) team coaching solution exclusively designed for remote teams, the company said in a press statement.
The volume of construction works in Romania increased, in unadjusted data, by 15.8% in July 2023 compared to July 2022 and was up 15.9% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Wednesday (Sept 20).
Prodal 94, a major producer on the spirits market, ended 2022 with RON175.5 million (EUR35.6 million) revenue, up 50.7% from the previous year’s RON116.5 million (EUR23.7 million), according to ZF’s calculations from Finance Ministry data.
Sameday, one of the largest players in the courier market, with RON736 million revenue at the end of 2022, announced that it had invested over EUR1 million in the development of a mobile application through which customers can track parcels in real time, pay by card or postpone delivery, company representatives said in a statement.
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, posted operating revenue of RON23.2 million in the first half of 2023, an increase of 71% on the year-ago period.
Austria’s Kontron Group has bought a piece of the former UTI empire – one of the groups that used to be a key player in the area of IT and security solution contracts awarded by the public sector, the Altimate company, to be precise.
IMPACT Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange, will benefit, starting September 28, from the Issuer Market Maker (IMM) services provided by Raiffesen Bank International.
Romanian state-run CEC Bank is launching a new product for the local agriculture sector, namely, the loan with instant approval intended for cereal farmers.
Less than one in five digital households (16%) have reduced or plan to reduce their spending on home broadband, mobile connectivity or streaming, according to the latest EY Decoding the digital home study.
Olympus, the third largest dairy producer in Romania, is investing over EUR40 million in the construction of a logistics center in Halchiu, in the country's central county of Brasov, where there is also a factory built in 2011.