Romania Feed

You’ve heard it millions of times growing up, “You need to study hard so you can get a good education” but you also might be wondering, why? It’s a good question to ask because too many people mindlessly believe that they need to go to school because their parents, their teachers, or their friends said […]

Organic fertilizer producer Norofert Group (NRF.RO) on Tuesday reported a consolidated turnover of RON24.4 million in 2020, up 64% from 2019, and a net profit of RON6.3 million, up 36% on the year.

Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group with global revenue of EUR14.4 billion, reported a turnover of over RON2.6 billion (EUR539.8 million) in 2020, up 1.67% on the year, per ZF calculations based on company and finance ministry data.

TerraGaz Construct, a construction company held by brothers Traian and Alexandru Bunea, reported a turnover of approximately RON230 million in 2020, after a nearly 40% increase compared with the previous year. Its profit dropped below the RON12.7 million level reported in 2019.

Romanian cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday (Feb 23) signed a contract worth RON4.7 million, VAT not included, for the provision of subscription services for maintenance, repairs and ensuring the security of the computer system, the company said in a stock market announcement.

Fondul Proprietatea published today its financial results for 2020 and would like to share the following highlights: The Fund’s share price registered a strong performance in the second part of 2020, following the rebound of global stock markets, which led to a historical high level of the share price of RON 1.4500 per share registered […]

2020 will go down in history as a challenging period for many industries. The COVID-19 pandemic has changed the global economy and the way of doing business. Despite this, Raben Group has finished the previous year with the revenues exceeding 1.26 billion Euro, and new investments, implemented services and numerous awards are the best proof […]

The net assets of the 224 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 2.9% in January 2021, to RON45.7 billion (EUR9.4 billion), and by 2.9% since the beginning of the year, the Association of Fund Administrators said Tuesday.

Swiss digital game developer Miniclip has become majority shareholder in Green Horse Games, a Romanian company founded in 2013 by George Lemnaru. The transaction marks Miniclip’s entrance on the Romanian gaming market.

The European Commission has approved an aid of EUR254 million from structural funds to support the upgrade of the central heating system of Romania's capital city Bucharest.

Workspace Studio, a company specialized in ergonomic office design solutions and the unique accredited partner of Herman Miller in Romania, announces the trends that are emerging in the design of workplaces. The current offices are adapted to a hybrid office-remote work system. Thus, open spaces become more airy, with ergonomic and flexible workstations, acoustic booths […]

Innobyte, a Romanian software development company specialized in eCommerce, ended 2020 with a turnover of EUR 1.8 million, 55 percent higher than in 2019. The favorable context and dynamics of online offer premises for maintaining the growth trend. For 2021 the company’s representatives estimate that Innobyte will exceed the turnover of EUR 2 million, and […]

Golden Foods Snacks, which owns the ELMAS brand of seeds, nuts and dehydrated fruits, listed its second issue of corporate bonds on Bucharest Stock Exchange on Tuesday under the ELMAS23 ticker symbol.

The last decade has brought significant changes on the Romanian labor market, both in terms of wages, jobs, and in terms of the companies’ preferences related to top managers. By Sorina Faier The multinational companies that entered Romania in the past came with foreign management and kept it as they were developing their business on […]

Austrian insurance group Uniqa, which owns general insurance company Uniqa Asigurari and life insurance company Uniqa Asigurari de Viata in Romania, reported a net profit of EUR3.2 million in 2020 from local operations.

The logistics and industrial sector was the most dynamic real estate segment in 2020, with 72% growth in demand and nearly 784,000 square meters leases, real estate consultancy company Colliers said Tuesday.

The “pandemic year” turned out to be a bumper year for industrial and logistics, with total demand increasing by a staggering 72% over 2019, to nearly 784,000 square meters of leasing deals. A large part of the record demand came from various retailers, including FMCGs, expanding their presence nationwide, and various companies, not just pure […]

The Call For Leaders interview series enters its third phase, with the established 3Q format receiving a revamp for 2021. The original Call For Leaders 3Q and its sequel, Call For Leaders – Back in Business, have seen us talking to quite a diverse roster of business leaders in Romania, representing top companies and various […]

Dacia and Ford plants recorded a 10% decline in January on the year-ago month, as the European market remains affected by the pandemic and major countries like Germany are still in lockdown, which means auto trade is sluggish.

Fondul Proprietatea (FP.RO) proposes a dividend of RON0.072 per share from profits left undistributed in 2016 and 2017, after reporting a RON102.9 million net loss for 2020.