Romania Feed

Theta Furniture&More, one of the largest players in the interior design and custom furniture market in Romania, has invested EUR4 million in an own factory located in the Paulesti commune (Prahova County).

Low-cost airline Blue Air has recently canceled flights scheduled for the summer season 2022 on at least 20 routes to and from Romania.

Octavic, a provider of digital solutions for the manufacturing industry, has been awarded four international European projects over the last year, providing the company with financing of over EUR770,000.

Software developer RebelDot has launched Rebel Ventures, an investment mechanism for tech startups that will manage the company’s strategy of investing in local startups and not only.

Grup Serban Holding (GSH.RO), a Romanian entrepreneurial company active in several fields in agriculture, on Thursday said it registered consolidated revenue of RON530.2 million in 2021, up 50% on the year, and a net profit of RON25.8 million, up 7% on the year.

Julius Meinl Romania, a company held by Austrian group by the same name, one of the largest actors on the premium coffee market, appointed Sorin Brinzan chief executive officer and Dinu Graur chief financial officer as of April to innovate processes from the inside, it said in a release.

Erste Group, which owns Romanian lender Banca Comerciala Romana, on Thursday (June 9) revised upwards its forecast on Romania’s economic growth to 5.1% in 2022, from a previous projection of 2.8% in its report released at end-April.

The United Nations World Food Programme (WFP) is working with Uber Technologies Inc, a global mobility and delivery platform, to transport emergency assistance to people in need in urban areas across Ukraine through the use of a custom-built version of Uber’s platform.    With larger vehicles facing issues reaching those in need in built-up areas, […]

The curtains dropped on Business Review’s Rising Cities. Smart Future 2022 after more than 4 hours of lively debates between top business leaders, local officials, the heads of European Investment Bank and European Commission representations in Romania, and members of the civil society. Thank you to all those involved, the on-site and online audience, the speakers and […]

Housing prices in Romania’s capital city Bucharest are among the most affordable in the European Union (EU), in line with a report released by real estate consultant SVN Romania based on Eurostat official statistics and data on national average wages and residential prices across EU capital cities.

Now that the pandemic is receding, Romanian respondents are keen to spend their holidays abroad and make weekend trips to foreign cities and do shopping in neighbouring countries.   While doing that, Romanian travellers have shown a preference for paying with their cards or smartphones/ smartwatches over cash. These are the results of the Travel […]

Octavic, a provider of digital solutions for the manufacturing industry, has been awarded four international European projects in the last year, providing the company with financing of over 770,000€.   The funds are used for the constant development of the original PET (Product Efficiency Tracker) system, which has brought the company a series of international […]

After five years of collaboration and presence in the e-commerce market in Romania, Carrefour and Bringo celebrate 5 million orders placed in the app.   These further translate into over 10 million app visits and 750,000 messages left by users for the Bringo delivery and Carrefour picker teams, who take on the role of “personal […]

Startup firm Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted a EUR500,000 seed investment round from Early Game Ventures (EGV).

MOCAPP, a tech company that helps brands grow their online sales through marketing automation, is entering a new round of funding through SeedBlink to support its UK market launch. This new round of financing is a bridge-type, has a value of € 320,000, and is led as a lead investor by ROCA X, which provides […]

KPMG in Romania hosted its annual conference “Reshaping Romania” at the Radisson Hotel, Bucharest on 7 June 2022. The event brought together a broad range of speakers from KPMG and outside, who gave presentations and participated in discussions on topical issues related to the development of the Romanian business environment and current challenges.   The […]

Romania's trade balance posted a deficit of EUR10.01 billion in January-April 2022, higher by EUR2.93 billion compared with the first four months of 2021, data from the country's statistics board INS showed Thursday.

With increasingly frequent discussions about how the smart cities of the future will look like, automatically managed parking is constantly presented as an ideal solution to efficiently and quickly solve several problems, such as: decongesting traffic, reducing pollution by limiting carbon emissions and increasing the quality of life in big cities.   A recent study […]

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 6.13% a year on Thursday (June 9) from 6.10% a year on Wednesday (June 8), as per central bank data.

Grup Șerban Holding, a Romanian entrepreneurial company active in several fields in agriculture, registered in 2021, at a consolidated level, revenues of 530.2 million lei, a 50% increase compared to 2020, a turnover of 481.6 million lei, +55%, EBITDA of 54.2 million lei, a 3% increase and a net profit of 25.8 million lei, a […]