Romania Feed

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, rose to 4.88% a year on Thursday (April 28) from the 4.79% on Wednesday (April 27), central bank data show.

Eurolife FFH in partnership with Stem Sure (a medical services company in the field of stem cell collection, processing, and storage) launches the first insurance in Romania that covers the costs of a potential stem cell transplant for children to treat autism.   STEMCare Autism is a co-branded product developed by Eurolife FFH in collaboration […]

Poland’s Scallier, one of the most dynamic investors in small and middle-sized retail parks, contracted EUR8 million funding from OTP Bank Romania for the construction of Turda-based retail project Funshop Park, set to comprise around 9,000 square meters of commercial space built on a 24,000-sqm land plot.

Since the start of the service in 2016 to this moment the electric car sharing service SPARK has reduced its carbon footprint by more than 7.3 million kilograms of harmful emissions in all three countries where it operates.   In Romania, the direct impact of the electric fleet has meant the removal of over 1,100 […]

Genesis Property, one of the leading Class A office developers in Romania, starts the transformation of Novo Park, located in the northern part of Bucharest, into YUNITY Park, a new real estate concept that will encompass new facilities for the working and urban living trends of the future in a unique space.   The project […]

Ten of the greatest chess players of the world, according to the FIDE rankings, including the top Romanian player at this moment, will compete next week, in Bucharest, in the first stage of the international event Grand Chess Tour 2022. The opening ceremony organized on 4 May 2022 will be attended by a leading figure […]

Abris Capital Partners (“Abris”), the leading Central European private equity investor, has supported GreenGroup, the largest integrated recycling group in Central Europe, in a €127m fundraising to accelerate its growth and support the surging demand for recycling and sustainable products in the region.   The financing will allow GreenGroup to build on the successful growth […]

Sport Guru, the most important retailer and distributor of specialized sports equipment, recorded in 2021 total sales of 38.4 million lei, an increase of 62% compared to 2020, and a net profit of 2,8 million lei, +64% compared to the previous year.   “2021 was the best year in the history of Sport Guru, one […]

ALTIUS, leader in the Romanian veterinary market, has relocated its offices to the One Tower building, one of the first green buildings in Romania, starting April this year. The Class A office building within part of One Floreasca City multifunctional development already houses a community of top companies, which benefits from modern and certified workspaces. […]

Petrom shareholders, including Austria’s OMV (51%), Energy Ministry (20.6%), as well as Pillar II private fund pensions and Fondul Proprietatea, on Wednesday approved paying investors RON1.9 billion from 2021 profit, this being a record high sum Petrom distributes to shareholders.

Romania’s business managers for April-June forecast moderate activity growth in the processing industry, retail trade and services, in parallel with a steep price increase in industry, constructions and retail trade, while the number of employees in industry, constructions and services will stay relatively stable, showed a survey by Romania’s statistics board.

When designing your house, you probably have a vision of how you want it to look and what features you want it to have. You might opt for energy-efficient appliances, a bathroom set according to your needs, and some attractive knick-knacks. But what about making your house more enjoyable for you?   There are many […]

Farmaceutica Remedia, a major player on Romania’s pharma market, generated RON472.8 million revenues, up over 7% from the previous year, with the drug distribution unit as the main business driver.

Laurentiu Ciocirlan, managing partner of investment fund EquiLiant Capital created by Paval brothers, the owners of Dedeman, Romania’s most powerful entrepreneurial business, states the fund wants to reach a number of six-seven companies in its investment portfolio.

Belgium’s logistic developer WDP is building a warehouse in Timisoara for an Austrian company that has recently arrived in Romania, Bulung, in line with the group’s latest report.

Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, owning five hotels in Romania, posted 20-25% higher turnover in February and March along the entire chain from the same period of last year, according to the company’s officials.

In our modern world, in order to build a successful business, it is very important to follow all the innovations in the market. Of course, the NFT field attracts more and more investors every day! Moreover, the new digital NFT marketplace appears almost every week. In this article, we will look and understand the uniqueness […]

One of the most revolutionary innovations in history was the CONEX box. Since then, the box has transformed the transportation and logistics business. The boxes were the forerunners of today’s Intermodal or ISO containers.   Before the invention of dependable shipping containers, exporting and importing goods across borders and retail nations (particularly internationally) was prohibitively […]

As someone owning an electric co-op, small-scale utility & renewable energy asset, you are in-charge in managing them to ensure the smooth flow of your processes. You will be responsible for maintaining hundreds of high voltage power lines, substations, and other critical equipment. It must always be a grueling week—you had to deal with an […]

When you venture into the world of business, it’s an exciting prospect. With complete creative ownership and control over the direction your business takes, the future is thrilling. However, starting a small business is no mean feat. With so many intricate details to consider, it’s often hard to keep on top of the workload. Plus, […]