Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ended the July 7-11 week at 6.75%, flat from Thursday, July 10.
Romanian entrepreneurial group Agroland, present on the agribusiness, retail, food production and animal nutrition market, reported its two feed factories, located in Caransebes and Isalnita, produced a total quantity of 7,268 tons. This figure represents a 50% increase compared to Q2 2024, while also marking a 1% rise versus the previous quarter.
Credit Europe Bank continues its evolution under a new name, Nexent Bank, starting July 11. The transition reflects a clear direction toward the consolidation of a modern, transparent banking experience, oriented towards clients’ needs.
Romania’s annual inflation rate went up to 5.7% in June, after having climbed to 5.5% in May, the highest level of the past year and a half.
Finqware, a Romanian fintech specializing in the treasury management automation, has become a profitable company, with a positive cashflow, and is on a growth trajectory, generated by local and international clients.
Grup Feroviar Roman, the most important company part of Grampet group, leader of the rail freight transport market, ended 2024 with RON1 billion turnover, flat from 2023, and 2,652 employees, but expects RON997.4 million this year.
Electryphy, a local tennis equipment brand, was set up by Cristi Dragnea and Monica Nitescu in the wake of a EUR100,000 investment. The brand was launched this June, but the entrepreneurs are already planning foreign expansion.