Romania Feed

Banks still dominate the financial sector, but things will change very soon as fintech is the future, said the representatives of the banking and fintech industry in Romania and the region during the NEXT FinTech – The Bridge to Inclusive Finance, the finale of the most important acceleration program for fintech startups in Romania.   […]

Romania's competition authority said Tuesday it was analyzing the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania.

All business owners know that the key to success is maintaining and building a solid customer base. Whether you sell a product or service, clients are at the crux of everything you do, and each decision you make. Small businesses have faced challenging times in recent months and many are pulling out the stops to […]

Regional investment fund SIF Moldova (SIF2.RO) has received the approval of Romania’s Financial Supervisory Authority (ASF) to change its name to Evergent Investments, a measure proposed and approved by the company’s shareholders in the autumn of 2020.

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 1.68% a year on Tuesday (March 2).

Point Development, the local subsidiary of the Israeli group Shikun & Binui, has successfully completed the LEED certification process for the second construction stage of its resi-scheme City Point. At the end of last year, the project received the LEED for Neighbourhood Development: Plan and Design (LEED-ND) certificate on behalf of the US Green Building […]

Packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast and held by businessman Florin Pogonaru, ended 2020 with consolidated sales of RON116.1 million, up 39% from 2019, an evolution largely influenced by the production of biodegradable and compostable packaging.

The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s decline. Even though the rebound will not be complete but gradual, the signs are good.

Corrugated cardboard and toilet paper producer Vrancart Adjud (VNC.RO), owned by SIF Banat-Crisana and Paval Holding, ended 2020 with a net profit of RON18.4 million, down 44.5% from 2019, and revenue of RON285.6 million, down 5% on the year, per calculations by Ziarul Financiar based on the company’s annual preliminary financial report.

Agroland Timisoara (AG.RO), the Romanian company with the largest network of agricultural stores in Romania, was listed on the Bucharest Stock Exchange (BVB) on March 1, 2021 and closed at RON21.2 per share after its first trading session.

In 2020 the local market of e-commerce (purchases from Romanian merchants), e-tail and services, amounted to approximately EUR 7 billion, an increase by 36% compared to the previous year, based on the analyses of both external and internal data made by PayU, the leader of the online payements market in Romania. “E-commerce is one of […]

Bittnet Systems (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, on Monday announced the signing of an M&A investment agreement with the shareholders of Servodata (a company operating in the Czech IT&C industry).

Romanian cybersecurity company SafeTech Innovations (SAFE.RO) reported consolidated revenue of RON14.7 million for 2020, up 43% versus 2019, and a net profit of RON3.1 million, up 148% on the year.

Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget for 2021 and envisages a turnover of RON35.4 million and a net profit of RON23 million.

Dunwell, the only exclusive real estate broker in Romania, has brokered the lease of a 1,800 sqm warehouse for Elko Romania within CTPark Bucharest.   ELKO Romania, part of the international group Elko, has relocated its activity in CTPark Bucharest, where they leased an warehouse of 1,800 sqm. Elko, a company specialised in the distribution […]

2020 is the year that fundamentally changed the role of the office. The workplace will never be the same again, which means now is the time to transform it and make it better than ever. Colliers innovates and responds to current challenges and future needs in the office market with Office 360°, a complete approach […]

ELKO Romania, the local division of Latvian distributor of IT and consumer electronics products, has rented 1,800 square meters within logistics park CTPark Bucharest, operated by CTP, the largest long-term developer and manager of premium industrial and logistics parks in Romania and Central and Eastern Europe.

As countries compete for investments, talents and new markets for their companies products and services, nation brand and soft power matters. By Claudiu Vrinceanu   Romania loses five places in the ranking of the top 10 nations with the most effective soft power, being overtaken by Hungary and Slovenia, according to the latest report by […]

Cocor Bucuresti (COCR.RO), which owns the Cocor shopping center in downtown Bucharest, ended 2020 with a net profit of RON1.4 million, down 74% from 2019, and a turnover of RON10.4 million, down 26% on the year, per calculations by Ziarul Financiar based on the company’s preliminary financial report.

New car registrations in Romania decreased by 21.94% on the year, to 6,897 units, in February 2021, data from the association of automotive manufacturers in Romania (ACAROM) and from the vehicle registration department (DRPCIV) showed Monday.