Romania Feed

Lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, on Tuesday reported net profit of RON1.14 billion (EUR232.5 million) for the first nine months of 2021, 35% higher than in the same period of 2020, due to improved operating performance and lower risk costs.

Genesis College took over the nursery franchise Kipina Kids in 2021, an education model using Finnish pedagogy. Genesis College founder Ioana Necula said the first nursery following this model would be opened in summer 2022.

Romania had 6,000 more accommodation places at end-July 2021, but the number is half the level in the same period of 2019, in line with statistical data.

Bus transporter FlixBus Romania saw the number of passengers slump by 74% in summer 2021 against the summer 2019, but passenger numbers doubled compared with summer 2020.

Carmen Pavel, the head of J’Info Tours travel agency, one of the biggest on the Romanian market, says travel circuits have come to generate even as much as 10-15% of the company’s turnover, while the business travel segment has collapsed.

Belgium-held logistic space developer WDP has invested EUR7 million in an 11,000-sqm industrial space it built for Sweden’s plastics producer Rosti, The building is located in Paulesti locality, near the city of Ploiesti, and was delivered in the second quarter of 2021.

Modern retail stores in Bucharest generated sales of RON16.6 billion to RON18 billion or 22% to 24% of the total sales of the ten international networks in the country last year, ZF has found from the data supplied by retailers and from market data.

At least ten DIY stores should open in Romania soon if the retailers go ahead with the plans they announced.

Construction materials manufacturer Soceram Câmpina has acquired the Steaua Română refinery from TDR Bucharest, following a deal worth around EUR 5 million that was completed in the latter part of October.   It concerns a 17-hectare plot of land located in the centre of Câmpina and part of the buildings on it, such as the […]

ROCA Investments, part of Impetum Group, has acquired an additional stake of 30% in fiber glass producer BICO Industries, reaching an ownership interest of 60%.

Romania’s Finance Ministry has reopened a bond issue due in 2030 and raised RON600 million from banks on Monday (November 1), at an annual yield of 4.93%.

The Bucharest Stock Exchange on Monday said the bonds issued by Chronostyle International, the company that operates the Cellini stores, would start trading on Tuesday, November 2, 2021.

Gregor Roy Chowdhury has acquired the majority stake in apparel manufacturer Secuiana, which has been held so far by multiple shareholders: private individuals and current and former company employees.

Caught in the whirlwind of everyday problems, which in recent years have become more and more complex, we rarely have the respite to notice the many transformations in modern society induced by the rapid progress of information and communication technology (ICT). Digital transformation is already becoming commonplace for many countries in the world, but there […]

There are various advantages related to the engagement of education in the business world. You can achieve more when you manage a business with an intellectual mind. More so, you need some experience in what you are doing. Below, we will look at how education is impacting the business world. Please read on to learn […]

Everyone dreams of starting a successful business and building a good life for themselves and their families. However, the truth is that not everyone is capable of that. Starting a venture and turning it into a successful business is usually a challenge. If it were something easy to do, then everyone would be doing it. […]

Are you worried about how you can present your data in a more precise, simpler, and easier way?  The thing is that when you’re presenting data for your site, you have to make sure that it’s as straightforward as possible for the sake of your audience because they’re more likely to leave your site if […]

Romania's foreign exchange reserves fell to EUR39.8 billion in October 2021, lower by EUR1.37 billion than in September 2021, central bank data showed Monday.

In today’s technologically advanced world, every business and brand should use intuitive tools to drive more revenue and attract more customers. If you are planning to sell your products through Amazon or help your company establish its brand on this e-commerce giant, you should familiarize yourself with the latest tools. Here are some Amazon tools […]

NN Romania, one of the leading players on the life insurance market and the private pension sector, on Monday said it would complement its loan insurance package with mortgage brokerage services based on a partnership with lender ING Bank.