Romania Feed

Telecommunications operator Digi Communications (DIGI.RO) on Monday evening announced completion of the sale of operations in Hungary for EUR625 million.

Romanians registered 121,208 new cars last year, 4% below the 2020 level of 126,351 units, data published by Romania’s carmaker association ACAROM showed on Monday.

Romania’s foreign reserves stood at EUR40.4 billion at the end of 2021, compared with EUR39.2 billion on November 30, central bank data showed on Monday.

The European Union is a vast multilingual community that takes fierce pride in its rich cultural diversity. There are upwards of 200 European languages being spoken throughout the continent, 24 of which are considered official in the EU.   The region’s celebrated linguistic diversity thus poses a challenge for businesses looking to break into its […]

ROCA Investments is announcing the increase of its participation with RDF, at the same time taking over the majority of shares in RDF. The company’s development will continue under the same formula of shared control and partnership between the company’s founder and CEO, Florin Deznan, and ROCA Investments. RDF is also purchasing 100% of Adidana’s […]

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, increased by to 3.02% on Monday (January 3, 2022) from 3.01% on Friday (December 31, 2021), central bank data showed on Monday.

Romanian business software solutions provider Softelligence in 2021 reached EUR13.6 million turnover, 20% higher than in the previous year.

Sapte Spice, a major player on Romania’s milling market, expects higher revenues in 2022 on the back of future price increases. Thus, the company sees 2022 turnover reach EUR80 million, up 25% on the year.

Cristian Pandel, CEO of travel agency Christian Tour, expects turnover to reach 90-95% of 2019 level in 2022.

Romania’s central bank on Friday (Dec 31, 2022) announced an average reference rate of 4.9486 lei to the European currency.

The average ratio of non-performing loans (NPL) in the Romanian banking system fell below 4% of total loans in the first ten months of 2021, Romania’s central bank data show.

Sweden’s fashion group H&M has only five direct suppliers in Romania left - Artifex, CB Pelletterie, Formens, Pandora Prod and Simiz Fashion, the retailer said.

The IRCC index, which is used by banks to calculate interest rates for new loans taken out starting the spring of 2019, has increased to 1.17% on Friday (December 31, 2021), from 1.08% previously.

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, increased by 0.66% on the day to 3.01% a year on Friday (December 31), central bank data showed Friday.

Cluj-based ambulance and special vehicle producer Deltamed, a business controlled by four local entrepreneurs, plans to open a new production unit in Aiud (Alba County).

The Bucharest Stock Exchange ended 2021 with a 33.2% return, with BET main index for the first time crossing the psychological 13,000-point threshold toward the end of the year. Dividends included, investors got a 40% return, reflected by the dynamic of BET-TR index.

The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the 2022 state budget. Revenues are expected to grow 13% amid 11% higher budget spending so that the budget deficit should reach 5.84% of gross domestic product (GDP).

MedLife Medical System, the leader of the Romanian private medical services market, announced in a stock market report on Thursday the signing of the acquisition for the 76% majority stake of Expert Med Centrul Medical Irina, the largest independent player on the private medical services market in the town of Galati.

Shareholders of Sinteza Oradea (STZ.RO), one of the largest companies in Bihor County, revoked the company’s administrators and elected a new Board of Directors for a four-year period.

Albota Law Firm has assisted Belgian real estate developer Atenor in the sale of Dacia One project to Paval Holding, the owner of do-it-yourself (DIY) retailer Dedeman in Romania.