Romania Feed

Ashoka Romania presents October as Social Finance Month, a complex event with several key discussions for social entrepreneurs in which cross-sectoral collaboration is the envisaged and possible way to reach the good of all. Social finance is not a common topic on the Romanian market, but Ashoka aims to support the construction of a healthy […]

Tailent, the Romanian tech company known for democratizing access to Robotic Process Automation (RPA) solutions, continues to expand globally and is entering the Portuguese market through a partnership with integrated management solutions provider Winsig.

New car registrations in Romania grew by 4.3% on the year to 88,262 units in January-September 2021, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Friday.

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, continued its upward trend on Friday (October 15) and reached 2.2% a year, from 2.15% a year on Thursday (October 14).

The volume of Romanian construction works decreased, in unadjusted data, by 5.8%, in August 2021 compared to August 2021, and by 5.2% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Friday.

Nicoleta Munteanu, founder and main stakeholder in EuroinSol, in 2020 launched Kids in Business, an entrepreneurial education project so far accessed by over 1,500 primary school pupils of private and public schools.

French-owned Axeria, headquartered in Lyon, plans to enter Romania’s RCA (auto liability insurance) market.

Domestic company Yellow Restaurant, managing under the Yellow.Menu brand a virtual restaurant selling its own dishes through an online platform, has recently launched two new services especially targeting the B2B segment.

Dacia and Ford car plants are constantly adjusting production depending on chip supplies, and new halts are scheduled in the coming weeks.

Compania Hoteliera Intercontinental, the company managing Bucharest’s five-star hotel of the same name, ended 2020 with 80% lower revenues on the year and for this year forecasts a 60% drop against the 2019 level.

Belgium-held Etex Building Performance, which owns building materials maker Siniat, is set to invest EUR10 million in the next two years to boost its production capacities and develop new products, explained Andrei Popa, country sales manager Romania & SEE region with Siniat/Etex Building Performance.

Romania needs to invest EUR23 billion in the energy sector to comply with the Integrated National Energy and Climate Plan (INECP) as undertaken before the European Commission.

Raffaello Shoes Factory, the largest footwear manufacturer in Romania, posted RON263.3 million (EUR54.6 million) revenue in 2020, a decline of 15% on the ROIN311.3 million (EUR65.7 million) of 2019, Finance Ministry data show.

Over 60% of the CEO and CTO globally predict an increase in cyber crime in 2022 and the mobile, Internet of Things, and cloud top the list of anticipated targets, according to PwC ”Digital Trust Insights 2022” survey. Also 53% say nation-state attacks are likely to grow.   Almost 60% expect a jump in attacks […]

Oveit, the company that launched the Live Stream Shopping concept in Romania, brings up new opportunities for e-commerce entrepreneurs and retail companies. After obtaining funding of 450.000 euros at the beginning of the year, Oveit focused on the technical product development of Streams.Live, and on concluding partnerships with retailers globally. Recently, the company announced its […]

Romania’s Finance Ministry has reopened a bond issue due in 2030 and raised RON600 million from banks on Thursday, as much as scheduled, at a yearly yield of 4.93%.

Castel Mimi celebrates 5 years since reopening. One of the biggest wine producers in the Republic of Moldova is also available in Romania, with 30 wines accessible in the Kaufland and Mega Image stores from Bucharest, Brașov, Cluj and Timișoara. Moreover, the wines are also available online, in shops such as Rafinat.ro and eMAG.ro.    […]

Banca Comercială Română (BCR) has successfully printed its inaugural green bond issuance of 500 million lei, continuing its strategy towards expanding its financing sources and contributing to the development of the capital market in Romania. This first green bond issuance is part of the company’s journey in the direction of the ESG (Environmental, Social Governance) […]

Recent events have shown the importance of the environmental part in any business. And sustainability is a big part of the process of making a business environmental-friendly. „It is a commitment for us: do more with less,” said Alexandra Barroso, Legal and Corporate Affairs Director at Bergenbier, present at the Environmental & Sustainability Summit organized by […]

AROBS Transilvania Software, a Romanian IT company, announces the intention to float on the AeRO market of the Bucharest Stock Exchange. The company targets for its shares, which will be available under the ticker symbol AROBS, to list on BVB by the end of the year. Before listing, AROBS will carry out a private placement […]