Romania Feed

The Iconic Estate, member of the Alexandrion Group, the largest producer and distributor of spirits and wines in Romania, has unveiled the new visual identity of Rhein Extra sparkling wine, during an elegant event, organized at the Elisabeta Palace, in the presence of Her Majesty Margareta the Custodian of the Crown and His Royal Highness […]

PPF Real Estate, leading developer and investor with property assets exceeding EUR 2.4 billion globally, announces it has signed two new tenants in its class A office building in the downtown business district of Bucharest.   Multinational IT giant EPAM Systems has leased 1,100 sqm in Crystal Tower to open its first Romanian headquarters. Global […]

The average value of a transaction closed in Romania stood at $15 million in 2021, lower by 24% than the average recorded in 2020. Domestic deals grew by 13%, accounting for half of the volume of transactions and averaging $8 million per deal, according to EY data.

Verifone Romania, a FinTech leader providing end-to-end payment and commerce solutions, is increasing its operations within the Innovation Center in Bucharest, formerly known as 2Checkout, which Verifone acquired in 2020. After a year of presence on the Romanian market, Verifone intensifies its efforts to grow the research and innovation team in the Romanian capital.   […]

The international fashion brand ZARA presents, for the first time on the local market, with the reopening of its store in Plaza Romania, the new global concept, which proposes customers a complete and surprising shopping experience, as well as a design that combines the influences of art deco with sustainability and eco friendly elements.   […]

Meta Estate Trust, a Romanian holding–type company focused on investments in the local residential sector, on Thursday said it appointed Raluca Dragan to the position of Chief Financial Officer (CFO).

Kangoopack, an Alba Iulia-based company providing integrated packaging solutions, founded and controlled by entrepreneur Mariel Petric, in the first six months of this year registered a 50% turnover increase against the same period of last year, to EUR3 million, while operating profit rose by 60%, according to the company’s representatives.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.10% a year on Thursday (October 7).

Romanians spent RON1.85 billion on drinking milk-type products, in 2020, with the market growing on average 21.6%, in line with data provided by market research company Euromonitor.

BMW Romania, through APAN Iasi dealer, registered the first order for a fleet of i4 electric cars worth above EUR250,000. The order was logged with an extension possibility.

Paint and coatings manufacturer Sarcom Valcea, owned by brothers Aurel and Marinica Potop, in 2020 registered net profit worth RON12.1 million (EUR2.5 million), 52% higher year-on-year, in line with Finance Ministry data.

A contract worth almost RON28 million has been awarded by Cluj County Council to three builders for the restoration and conservation of the Banffy Castle of Rascruci (Bontida commune), where the Electric Castle festival is held.

HAVI Logistics, a major transport and logistics firm on the Romanian market and one of the world’s biggest operators for fast food restaurant and convenience food brands, in 2020 generated net profit worth above RON3.1 million (EUR655,500), up 78% year-on-year.

Software solutions provider Life is Hard (LIH.RO), which is listed on the AeRo market of the Bucharest Stock Exchange, on Wednesday said its Executive Board approved a decision to lend a total RON1.5 million to Innobyte Solutions (100% held by Life is Hard), at an interest rate of 1.25% per annum.

Romanian investment fund Black Sea Fund, focused on deals with small and medium-sized enterprises in Romania, with a capital of over EUR43 million, has appointed Iulian Portasa, as Partner.

The Bucharest Stock Exchange on Thursday said three new Fidelis government bond issues for the general population, denominated in the local currency and euro, will start trading on the Main Market under the trading symbols R2210A, R2410A and R2610AE, respectively.

Romanian carmaker Dacia sold 3,867 cars in the United Kingdom, in September 2021, fewer by 26.52% than 5,263 units sold in the same period in 2020.

Romania’s Competition Council has approved the transaction whereby Romania’s largest lender, Banca Transilvania, acquired the entire ownership stake of Poland’s Getin Holding in Idea Bank, in early June 2021, for EUR43 million.

Patricia Andrei is the new HR Director of CEC Bank, a position from which she will coordinate the entire human resources activity of the bank with the largest territorial network in Romania, which includes more than 1,000 units and almost 6,000 employees nationwide.   With more than 22 years of experience in the field, the […]

Patricia Andrei has taken over the position of Human Resources (HR) Manager at state-run lender CEC Bank, coordinating the lender’s entire HR activity.