Romania Feed
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ZF English - 10:18 Jan 03, 2022
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, increased by to 3.02% on Monday (January 3, 2022) from 3.01% on Friday (December 31, 2021), central bank data showed on Monday. -
ZF English - 08:16 Jan 03, 2022
Romanian business software solutions provider Softelligence in 2021 reached EUR13.6 million turnover, 20% higher than in the previous year. -
ZF English - 08:06 Jan 03, 2022
Sapte Spice, a major player on Romania’s milling market, expects higher revenues in 2022 on the back of future price increases. Thus, the company sees 2022 turnover reach EUR80 million, up 25% on the year. -
ZF English - 07:55 Jan 03, 2022
Cristian Pandel, CEO of travel agency Christian Tour, expects turnover to reach 90-95% of 2019 level in 2022. -
ZF English - 15:42 Dec 31, 2021
Romania’s central bank on Friday (Dec 31, 2022) announced an average reference rate of 4.9486 lei to the European currency. -
ZF English - 14:51 Dec 31, 2021
The average ratio of non-performing loans (NPL) in the Romanian banking system fell below 4% of total loans in the first ten months of 2021, Romania’s central bank data show. -
ZF English - 13:38 Dec 31, 2021
Sweden’s fashion group H&M has only five direct suppliers in Romania left - Artifex, CB Pelletterie, Formens, Pandora Prod and Simiz Fashion, the retailer said. -
ZF English - 13:33 Dec 31, 2021
The IRCC index, which is used by banks to calculate interest rates for new loans taken out starting the spring of 2019, has increased to 1.17% on Friday (December 31, 2021), from 1.08% previously. -
ZF English - 12:49 Dec 31, 2021
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, increased by 0.66% on the day to 3.01% a year on Friday (December 31), central bank data showed Friday. -
ZF English - 09:15 Dec 31, 2021
Cluj-based ambulance and special vehicle producer Deltamed, a business controlled by four local entrepreneurs, plans to open a new production unit in Aiud (Alba County). -
ZF English - 08:59 Dec 31, 2021
The Bucharest Stock Exchange ended 2021 with a 33.2% return, with BET main index for the first time crossing the psychological 13,000-point threshold toward the end of the year. Dividends included, investors got a 40% return, reflected by the dynamic of BET-TR index. -
ZF English - 08:30 Dec 31, 2021
The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the 2022 state budget. Revenues are expected to grow 13% amid 11% higher budget spending so that the budget deficit should reach 5.84% of gross domestic product (GDP). -
ZF English - 15:59 Dec 30, 2021
MedLife Medical System, the leader of the Romanian private medical services market, announced in a stock market report on Thursday the signing of the acquisition for the 76% majority stake of Expert Med Centrul Medical Irina, the largest independent player on the private medical services market in the town of Galati. -
ZF English - 14:52 Dec 30, 2021
Shareholders of Sinteza Oradea (STZ.RO), one of the largest companies in Bihor County, revoked the company’s administrators and elected a new Board of Directors for a four-year period. -
ZF English - 14:22 Dec 30, 2021
Albota Law Firm has assisted Belgian real estate developer Atenor in the sale of Dacia One project to Paval Holding, the owner of do-it-yourself (DIY) retailer Dedeman in Romania. -
ZF English - 12:43 Dec 30, 2021
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, increased by 1.01% on the day to 2.99% a year on Thursday, central bank data showed Thursday. -
Business Review - 08:43 Dec 30, 2021
Although the Tax Cuts and Jobs Act has been in effect for four tax seasons now, many taxpayers are still trying to get familiar with all the changes. When you look at the changes that occurred though, it’s understandable how taxpayers can be overwhelmed. State and local tax deductions were capped at $10,000, the standard […] -
ZF English - 08:26 Dec 30, 2021
Winemaker Davino of Dealu Mare, known for operating on the premium segment of the market, is to list some wines in major retail chains, having already signed contracts with two major players, with products set to be found on shelves starting January, says Dan Balaban, co-founder of the company. -
ZF English - 08:07 Dec 30, 2021
Nina Gheorghita, a stakeholder in Triagroexim, a company cultivating 600 hectares of grain in Braila county, says 2021 ends with higher-than-expected revenues owing to the record high prices of grain. -
ZF English - 07:54 Dec 30, 2021
Medisprof Cancer Center, a Romanian-held business, which operates a hospital in Cluj Napoca, providing chemotherapy services, is building a second hospital in Cluj-Napoca, a EUR12 million investment, and is set to also develop an oncological center in Piatra Neamt next year.