Romania Feed

Raiffeisen Asset Management (RAM), which specializes in managing the investment funds of Raiffeisen Group in Romania, has become the largest mutual fund manager on the local market, after the company’s assets exceeded RON6 billion at the end of August 2021.

The latest ABSL study, carried out in collaboration with PwC, presents the business services  industry at a macroeconomic level, as well as in an European context. In 2020, the business services industry contributed with 5.4% to Romania’s Gross Domestic Product (GDP), ranking in the top five industries, along with real estate development (7.7%), construction (6.1%), public administration (5.5%) and retail (5.3%).   The business services sector has seen substantial growth over time, from a share of about […]

Producers of electronics and electrical home appliances in Romania manufactured products worth over RON8.1 billion in 2020, higher by 12% than the 2019 level and almost fourfold higher than in 2008, per calculations by Ziarul Financiar based on Trade Registry data.

Construction company Masterbuild wants to carry out development activities and is readying a project involving an industrial park with cooling systems, located in Butimanu (Dambovita County), which entails investments worth around EUR15 million, said Mirela Harmanescu, COO, Head of Engineering & Technical Dept. with Masterbuild.

Croissant, biscuit and wafer maker Alka Trading, including brands such as Alfers and Toortizi in its portfolio, is poised to invest RON10 million in production, with half of the sum coming as state aid. The project is about to be kicked off.

The biggest domestic cosmetics maker Farmec Cluj targets brand internationalization on the long term, in ten years.

German-owned discount store chain Penny aims to have 60% of products sold in Romania manufactured and processed in Romania by 2022, according to the company’s representatives.

Romania's business services industry generated revenue of EUR9 billion in 2019, employing some 179,000 people countrywide and having almost 1,080 firms registered at the finance ministry with specific CAEN (Classification of Activities in the National Economy) codes, per a survey by the Association of Business Service Leaders in Romania (ABSL) in association with PwC Romania.

Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) said in a stock market report Thursday that it raised RON45.8 million from 52 shareholders which subscribed 18.3 million shares within the company’s share capital increase carried out via Prime Transaction.

Business software producer EPAM Systems has leased 1,100 square meters of office space in Bucharest’s Crystal Tower project, based on a contract concluded with PPF Real Estate, a Czech developer and investor with real estate assets worth EUR2.4 billion globally.

Romania's finance ministry on Thursday reopened a bond issue due in November 2025, raising 413.6 million lei (EUR83.5 million), RON87 million below the targeted level, at an average yield of 3.86%, central bank data showed.

Romania's Finance Ministry attracted RON650.5 million and EUR59 million through an issue of government bonds for individual investors (FIDELIS), with three different maturities, sold on the capital market. It is the fifth offer of government securities carried out by the Ministry of Finance on the stock exchange in the last five quarters.

The Romanian capital market registered significant growth rates in the first nine months of 2021, and the companies listed on the Bucharest Stock Exchange (BVB) managed to obtain significant performances in relation to other developed markets.

Microsoft announces the appointment of Bogdan Putinică as General Manager for its Romanian operations, effective November 1 of this year.   Bogdan Putinică joins the Microsoft Romania team from the position of Senior Vice President of the Swedish group Enea – a global provider of telecommunications and cybersecurity solutions. In an international leadership role, Bogdan […]

Cosmin Baba, one of the awarded and appreciated creatives in the advertising industry in Romania, joins Oxygen as Creative Director, responsible for managing the creative team and the creative product. Cosmin joins Oxygen’s leadership team in order to strengthen its position on the advertising and integrated communication agencies market. By Romanita Oprea   Having gained […]

Steel mill Liberty Galati (former Sidex Galati) on Thursday said Romanian authorities have issued the environmental permit for the closure of the steelwork’s slag dump and the reinforcement of its right bank, in order to protect the Malina watercourse.

Wet, the new drink launched by Valvis Holding Group and communicated by Cohn & Jansen, is a hard seltzer with natural mineral water and 4.5% alcohol. Wet is gluten-free, with no artificial coloring or preservatives. Produced in Romania, Wet is available in different flavors: Wet Mango, Wet Peach, Wet Minty Lime and Wet Grapefruit. By […]

For the second year in a row, the Romanian full-service media agency United Media Services is present in Adweek’s independent agencies’ global top (Adweek Global Top 75: Fastest Growing Agencies). Moreover, the agency succeeded in climbing some positions since last year’s edition, reaching number 65. The result is even more significant as in the top […]

Dream Prints, a premium wallpaper brand that aims to make art accessible, was launched on the Romanian market, after an investment of 150,000 euros. Benefiting from the support of a global team of artists and illustrators, the brand’s founder, Valentin Bratu, estimates that Dream Prints will be able to differentiate itself on the Romanian market […]

As part of the group’s digital innovation strategy, NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, announces for the first time on the local market the development and implementation of its loyalty mobile application, SPOT. The application allows customers to use the benefits accumulated in any of the […]