Romania Feed

Sporting goods retailer Hervis Romania in 2020 generated turnover worth RON234 million, 7% lower than in 2019. In 2020, non-essential physical stores shut down for several months, so that fashion, sporting goods or cosmetics retailers relied only on the online segment during that period.

Taffo, a Baia Mare-based building company owned by three shareholders, expects turnover to rise by 70% in 2021 on the year on the basis of construction sites underway.

Businessman Dan Sucu and Conadi are getting ready to start construction on the third phase of the Arcadia Apartments Domenii residential project in Bucharest.

Electric motor plant Nidec in Oradea, held by Japan’s Nidec group, posted RON134.6 million (EUR27.9 million) revenue in 2020, 17% lower than the RON163.6 million (EUR34.5 million) in 2019, Finance Ministry data show.

Poland’s Amrest group expanded its Romanian network with two locations, a Burger King restaurant and a Starbucks coffee shop for a total of 62 in the first half.

Fintech Revo Technologies that introduced its Mokka Buy Now, Pay Later service in Romania earlier this year has announced its partnership with GoMag, the most appreciated e-commerce platform in Romania, that supports the work of more than 2,250 online stores.     The partnership with GoMag will allow all its online merchants to enable Mokka […]

Affidea Romania, the local subsidiary of the European leader in imaging, outpatient, nuclear medicine and cancer treatment services, officially announces the launch of the new state-of-the-art Affidea | Hiperdia Medical Center in Cluj, following a total investment of 2.7 million euros. This becomes the largest Affidea medical center in Cluj and, following the investment, expands […]

Campeador Group, one of the most important real estate developers in western Romania, contracted a financing of EUR 4.5 million from CEC Bank. PCF Investments Banking was the exclusive consultant of Campeador in structuring, negotiating and implementing the financing, this being the third financing obtained by PCF for Campeador.   The current credit will be […]

TBI Bank, the fastest growing phygital lender in the South-Eastern Europe region, partners with the Gomag eCommerce platform to provide an all-in-one digital solution to offline and online retailers.   As part of this partnership, all retailers, be it of electronics, fashion, furniture, home improvement, services or sports goods, will have at their fingertips an […]

Over 200 people from Romania participated in the annual edition of the NASA SpaceApps Challenge hackathon that took place, online, simultaneously in 162 countries and territories around the world, on the weekend of October 2nd -3rd. Among the winning projects are a greenhouse to provide nutritional supplements for a mission to Mars, space exploration games, […]

SkyTower, the tallest office building in Romania, has received the Gold DGNB certification for sustainable buildings, following the assessment by ÖGNI (the Austrian Society for Sustainable Real Estate Management).   The SkyTower Gold certification is issued for the Blue Building category and the assessment process was carried out in accordance with the European quality certification […]

Private sector gross salaries are expected to increase by an average of 8.11% in 2022, after an average increase of 8.94% this year, according to the PayWell 2021 Survey. The salary increase reported for this year is almost twice that previously estimated by the respondent companies in PayWell 2020 during a time of economic uncertainty. […]

The first bond issue of Polish company Aforti Holding started trading on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange, under the stock market symbol AFH25, on October 12.

ING Bank Romania has granted loans worth over RON1.2 billion to entrepreneurs through the government's IMM Invest program for small and medium-sized enterprises (SMEs), since April 2021, higher by 20% compared with the level for the full-year 2020.

Revo Technologies, a Russian fintech company operating under the Mokka brand and specialized in Buy Now Pay Later-type services, has concluded a partnership with the GoMag e-commerce platform, which supports the online activity of over 2,250 stores.

In the tech & IT sectors, there is a perception that the industry is associated with men, mostly because from a young age, men are more inclined to follow an education in technical fields. However, recently, more and more organizations and companies have taken steps to attract more women in this area, and the results […]

Real estate developer Campeador, with operations in western Romania, has contracted a loan worth EUR4.5 million from state-own lender CEC Bank.

Valentin Bargau, Director, Chief Investment Officer at Restart Energy, spoke at BR’s Environmental & Sustainability Summit 2021 about the Romanian energy sector, green & renewable energy production, and the investment opportunities available in this area.   Considering that we have to import energy sometimes to cover the demand, how stable is the energy industry in Romania today? The […]

Franchised store chain LaDoiPasi (Two Steps Away), developed by Germany’s METRO Cash&Carry, is extending today (October 12) by 22 new units, on the occasion of the Own Business Day organized annually by Metro Group.

A speaker in the closing panel dedicated to sustainable businesses at BR’s recent Environmental & Sustainability Summit 2021, Iuliana Tiba, Director Environmental Social and Positive Impact Financing at BRD Groupe Societe Generale, sat down with us for an exclusive post-event interview in which she reiterated the bank’s commitment in financing and supporting sustainable projects.   What is responsible […]