Romania Feed

Starting with this month, Lidl Romania will gradually introduce in its stores a new type of shopping receipts, more resistant and more environmentally friendly. Thus, the company reaffirms its commitment to sustainability.   The new recepit is made of an innovative, blue thermal paper, without chemical dyes. Thus, it is resistant to sunlight, water and […]

Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading insolvency practice company, part of Impetum Group.

REHAU, German provider of solutions for windows, building and furniture, has from the beginning of this year a new Country Manager in Romania, Alexandru Oprea, with 17 years of experience within the company.   Alexandru Oprea takes over the role of Country Manager from Alessandro Hillebrand, under whose management, REHAU Romania registered notable results for […]

Germany’s REHAU has appointed a new country manager in Romania, Alexandru Oprea.

Romania's general consolidated budget posted a deficit of RON3.69 billion in January, or 0.33% of the gross domestic product, finance ministry data showed Wednesday.

InternetCorp, one of the most important publishers in Romania and also one of the largest media sales houses in the country, is now part of Primavera Digital Group (PDG), a pan-European digital media and marketing services company.    With PDG as the new shareholder of InternetCorp, the Romanian company strongly believes it will enter a […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reaching 1.70% a year on Wednesday (March 3).

Supermarket and convenience store chain Profi, held by buyout investor Mid Europa Partners, has promoted the company’s Chief Financial Officer (CFO), Dumitru Dragomir, to the position of vice-president, business efficiency manager.

German company AMF-Bruns will invest approximately EUR6.8 million in a factory located in Roman (Neamt County, eastern Romania), where it will produce laser parts and welded assemblies for mobility systems and for the automotive industry.

Home Delivery, the residential freight delivery unit of carrier Gebrüder Weiss, posted 85% increase in revenue in Romania year-on year in 2020. The number of shipments was 123% higher or more than 130,000.

Supermarket and convenience store chain Profi held by buyout investor Mid Europa Partners, opened 31 stores in the first two months of the year, 15 in January and 16 in February.

The performance of the banking sector depends on the performance of the economy, and they will be convergent, while the economic growth will be moderate in 2021 and have a positive effect on lending, says Francois Bloch, chief executive officer of BRD-SocGen.

Romanian lawmakers on Tuesday approved the country's 2021 state budget in the form proposed by the government, meaning a cash deficit target of 7.16% of the gross domestic product and frozen wages in the public sector.

For some people, getting a student loan is necessary for them to be able to complete the course necessary in finishing their degree. While this proves to be a viable way to fund your education, repayments can also be quite challenging to make as soon as you graduate. This article lists down some tips that […]

The Promateris Group closes 2020 with EUR 23.7 million in consolidated sales, an increase of 39% compared to the previous year. The growth is largely generated by the increase in production of biodegradable and compostable packaging. Promateris thus strengthens its position as a regional leader by developing distribution channels in Central and Eastern Europe, in […]

Eurohold AD, the largest public holding in Bulgaria and one of the leading independent business groups operating in Southeast Europe, plans to increase its capital by issuing new shares on the Bulgarian Stock Exchange (BSE), which will allow the company to raise up to EUR 100 million. The proposal will be voted at an extraordinary […]

Romanian software developer Life is Hard (LIH.RO) reported a net profit of RON1.12 million for 2020, down 21.13% compared with 2019.

InteRo Property Development, owned by Canadian Topolinski investors family, diversifies activities by establishing an investment division, as part of its long-term strategy to consolidate its presence in Romania and bring new, high-quality real estate projects to a developing, promising market.   The Investment arm – InteRo Property Development Investment Group – will address potential partners […]

Around 83% of Romanians are trying to set aside more money to adapt to pandemic-driven uncertainties, compared with a European average of 66.5%, a recent global survey by ING found.

Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and provider of training services in the IT sector, announced Tuesday on the stock market the early close of Stage 2 (private placement) of the capital increase operation with new cash contributions of RON491,645.