Romania Feed

Romania may record an increase of just 0.7% in sales of new passenger cars and light commercial vehicles (LCVs) in 2021, with 142,000 units sold, per an Autofacts report carried out by the PwC network at European level, based on IHS Markit data, but sales in the medium term could surpass the 2019 record.

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said in a stock market report on Tuesday that it acquired a bundle of assets from Romanian coal and power producer CET Govora at a tender held by the latter on November 8, 2021.

Romania's central bank on Tuesday (November 9) raised its benchmark interest rate to 1.75% a year from 1.5% a year, starting November 10, 2021.

The cloud platform solution that makes recycling easy as everything is transparent and clear provided by EcoTree is the winner of local BASF Innovation Hub contest aimed at innovators and start-ups that either directly or indirectly contribute to the pillars of Green Agenda – clean energy, sustainable agriculture and circular economy. The winner was elected […]

Investments in property in Central & Eastern Europe (CEE) for H1 2021 were down by a whopping 22% compared to the same period a year earlier, which may come as no surprise, given the immense economic repercussions of the COVID-19 international health crisis on most sectors.   Indeed, real estate development, investment and lending to […]

Romania could record an increase of only 0.7% in sales of new passenger cars and light commercial vehicles (LCVs) this year, with 142,000 units sold, according to Autofacts report made by the PwC network at European level, based on IHS Markit data, but sales in the medium term could surpass the 2019 record.   Local […]

Sodexo Romania, the Market Leader in extra-salary benefits and rewards services and committed to improving the employees’ quality of life, closed a partnership with Cinema City to allow its customers to use Gusto Pass, Cadou Pass, and Cultura Pass cards in all Cinema City locations countrywide.   The agreement allows the use of many types […]

Romania’s Competition Council is putting up for public debate the proposals of commitments submitted by on-demand delivery platform Glovo in order to eliminate antitrust issues found in the context of the acquisition of Foodpanda and Delivery Hero.

Softbinator Technologies (BVB: CODE), a Romanian software development company, specialized in the design, development, and launch of innovative products with local and international clients, announces the start of the procedures for taking over WiseUp, a local software product development company. To finance this transaction, Softbinator Technologies will use part of the capital raised from BVB […]

A new hotel of the Double Tree chain will open in Brasov in 2023. The hotel will have a capacity of 150 rooms and require EUR21 million investment, Mircea Draghici, managing director of ESH Hospitality Consulting said at a ZF conference, organized in partnership with Bucharest Real Estate Club (BREC) on Tuesday.

Nofar Energy and Econergy closed their deal with Portland Trust for the acquisition of a photovoltaic park, announced in August this year. The photovoltaic park has an authorised capacity of 155 MW currently under development, and is located in Arges county, Romania. The project is assumed to reach operational start in 2023. Schoenherr Romania acted as […]

Investments into property in Central & Eastern Europe (CEE) for H1 2021 were down by a whopping 22% compared to the same period a year earlier, which may come as no surprise, given the immense economic repercussions of the COVID-19 international health crisis on most sectors, according to KPMG.

“The #futureofwork is all about flexibility,” said Alina Amza, Group Wellbeing & Inclusion Director at Superbet, during the Business Review Awards 2021 ceremony where she represented her company in the Working Romania | Employer of the Year category. Now, the Superbet Director for Wellbeing & Inclusion will be joining us once again, as a speaker in the All-Star […]

McKinsey Global Institute estimates in a report that better health could add $26 billion to the Romanian economy by 2040, a 9% boost to GDP that translates into 0.4% faster growth every year.

Romania’s Ministry of Internal Affairs today signed a four-year framework agreement with PZL Mielec, a Lockheed Martin company, that will lead to the procurement of up to 12 new-generation Black Hawk utility helicopters, manufactured in Poland and delivered in partnership with Romaero and Deltamed.   This exclusive agreement with PZL Mielec, for the supply of […]

The year-end shopping season is an exciting time, not just for bargain-hungry shoppers but also for online malicious actors looking to capitalise on the occasion. Shopping events such as Black Friday and Christmas are when fraudsters ramp up their activity with the aim of stealing credit card details and personal data to be used for […]

Romanian software development company Softbinator Technologies (CODE.RO) on Tuesday announced the start of procedures to acquire WiseUp, a local software product development company.

As anti-fraud specialists that witness on a daily basis how our clients struggle with corporate fraud, we have always encouraged them to develop and nurture compliant cultures. We have advised them on the great benefits of a compliant work environment and a tailor-made compliance and risk-management system. But first and foremost, we have tried to […]

FLOWX.AI, an enterprise platform that enables banks and financial institutions with complex IT infrastructures to build fast modern digital experiences unbounded from the limitations of their legacy systems – has raised $8.5 million in their seed round.

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 2.48% a year on Tuesday (November 9) from 2.45% a year on Monday (Nov 8), per central bank data.