Romania Feed

Dolj-based Windows maker Casa Noastra, owned by Stedan Cherciu, in 2021 had the best year in its history in terms of turnover and business performance.

Alexandrion Group, the largest spirits and wine producer and distributor in Romania, announces that foreign policy expert Nicholas S. Kass has been appointed Executive Director for International Corporate Affairs, a newly-created function at the Group. With over 30 years of foreign policy experience with the United States Government as an award-winning analyst, collector, diplomat, policy […]

Starting this year, MC Truck & Bus SA will produce electric buses in Ciorogarla, near Bucharest, in partnership with Zonson Smart Auto Co LTD, a subsidiary of the Chinese giant ZTE. Romania will thus have the first manufacturer of electric buses.   In the first phase, 200 units will leave the factory annually. Over the […]

Vodafone Romania joins the world-famous reality show – Survivor – as the main sponsor and exclusive connection partner. The show starts on Sunday, January 16th, at 8pm, on PRO TV, and will be broadcast every Sunday, from 8pm, but also on Monday and Tuesday, from 8.30pm.   24 competitors, 12 FAMOUS and 12 WARRIORS, are […]

Alexandrion Group, Romania's largest producer and distributor of spirits and wine, has appointed Nicholas S. Kass, a foreign policy expert, as Executive Director for International Corporate Affairs, a newly created position within the group to lobby governments and other policy makers.

Nordis Group, a developer of hotel and residential complexes, announced on Friday that apartment sales last year amounted to RON400 million and the most expensive unit was a RON2.5 million penthouse in the seaside resort of Mamaia.

Banca Transilvania, Romania's largest bank, has signed an agreement to acquire Tiriac Leasing, owned by the Tiriac Group, and the deal should be completed in the first part of this year, after review and approval by the relevant authority.

Samsung Electronics announces the appointment of Julia Kim as President of Samsung Electronics Romania and Bulgaria (SEROM). Starting January 2022, she will be responsible for managing the activities on both the Romanian and Bulgarian markets. With more than 25 years of expertise in the technology field, Julia Kim has been part of the Samsung team for […]

As Visa continues toward its goal of digitally-enabling 50 million small and micro businesses (SMBs), a new research study released today– the “Visa Global Back to Business Study – 2022 SMB Outlook”– found that 90% of surveyed SMBs said they are optimistic about the future of their businesses, the highest level of optimism in Visa […]

Increasing amounts for travel, entertainment and socializing in restaurants and cafes, gradually recovering the physical shopping adopting at a large scale the e-payment solutions – these are few of the trends noticed amongst above 1.5 million customers of Revolut financial supper-app, last year, in the Romanian market. In the last 12 months, Romanian users counted […]

According to data published by the Drivers Licence Center and Registration of Vehicles, Ford Romania closed 2021 as the leader of the commercial vehicles market, while Ford Puma is the bestselling hybrid vehicle model in Romania. 2022 also looks promising for the automobile manufacturer, with several models such as E-Transit, Ranger, Fiesta, and Focus waiting to be […]

BRD-SocGen, the third largest lender in Romania and one of the most traded shares on the Bucharest Stock Exchange is calling shareholders to an ordinary general meeting on February 24, 2022, to decide, among others, about distribution of RON1.68 billion as dividends from the 2019 and 2020 retained profits, the lender announced.

Hidroelectrica, Romania’s biggest power producer, saw its valuation soar by 66% in the year Romania witnessed record high energy prices, from RON25.6 billion to RON42.6 billion in December 2021, an enviable performance even for some of the companies listed on the Bucharest Stock Exchange.

Cristian Dumitrescu, general manager of Alexandria-based Time International, says he hopes the company gets to sell 50 million masks this year and generate profit of about EUR300,000”.

Carrefour, the third biggest player in Romania’s modern retail, with a 350-store network and overall turnover worth RON12.7 billion (EUR2.6 billion) in 2020, during the year procures fresh products from over 1,000 local producers.

Paint and varnish manufacturer Policolor-Orgachim plans to invest over RON20 million in the next three years in digital development and automation.

The private investors part of TechAngels association, which supports Romania’s tech startup ecosystem, earmarked EUR8.9 million last year for the financing of local technology projects, doubled the 2020 sum and 43% higher than the 2019 level.

Romania’s annual inflation rate climbed to 8.2% in December 2021 after having entered a slightly downward trend in November, edging down to 7.8% from 7.94% in the previous month, data from the country’s statistics board showed on Friday.

A number of 51,435 individuals had deposits of more than EUR100,000 euros or RON55.4 billion (about EUR11.3 billion) in all, at the end of the first nine months of 2021, the latest statistics of the Bank Deposit Guarantee Fund (FGDB) show.

Romania's finance ministry on Thursday raised 915 million lei (EUR185 million), almost double the targeted level, at an annual average yield of 5.45%, central bank data showed.