Romania Feed

AROBS Transilvania Software (stock symbol AROBS), a Romanian IT company, announces the successful closure of the largest private placement in the history of the AeRO market by raising 74.2 million lei from investors. The company intends to float the shares on the AeRO market of the Bucharest Stock Exchange in the coming weeks. “We welcome […]

Appraisal & Valuation (APP.RO), a company providing appraisal, consulting and real estate development services, will assess over 1000 assets of Romania’s state-run hydropower producer Hidroelectrica, after winning a three-year contract following a public tender.

One of the panelists at the Environmental & Sustainability Summit 2021, Catalin Velescu, General Manager and Founder of Volta Grup, spoke to Business Review about Romania’s transition to 100% green energy, and all the challenges and opportunities behind this ambitious goal.   Which are the main challenges to be addressed by the Romanian energy sector […]

Mars, one of the world’s largest producers of pet food, confectionery products, food products and beverages, on Monday said it appointed Daria Maslovskaya to the position of People and Organization Director within Mars Central Europe.

ROCA Investments has fully acquired Sarcom, one of the largest paint and coatings manufacturers in Romania, which was founded by brothers Aurel and Marinica Potop 30 years ago.

A speaker at BR’s recent Environmental & Sustainability Summit, Elena Vlasceanu, Counsel, Energy Practice, at Dentons, sat down with Business Review for an exclusive post-event interview about the legal framework for green & renewable projects in the energy sector.   How big is the importance of green energy projects? Will we ever get to a green […]

2Performant (2P.RO), the main player on the Romanian affiliate marketing market, intermediated 318,900 sales in July-September 2021 period, for online stores, via its affiliate marketing platform, 64.2% more on the year, and their value totaled EUR16.9 million, VAT not included, up 67.6% versus the third quarter of 2020.

No matter what type of business you’re running, one of your primary goals is likely to boost revenues. The more revenue you bring in, the more you can grow your business and generate larger profits, which benefits everyone who works for you. However, within the goal of boosting revenues, there are many smaller goals you’ll […]

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Monday announced that it reconnected the second unit of the power plant in Cernavoda to the national power grid in the afternoon of October 16, 2021.

Tei pharmacy chain, one of Romania’s most dynamic businesses, controlled by entrepreneur Roxana Maftei, is readying four new store openings in Bucharest, but is also set to expand to Brasov and Iasi.

Romania’s central bank has cleared banks in Romania, some of which are controlled by foreign financial groups from countries such as Austria, France, Italy, the Netherlands and Greece, to pay dividends to shareholders following a multi-year hiatus imposed by the pandemic fallout.

Romania’s insurers at the end of 1H 2010 had over 17 million insurance contracts in their portfolios, up 8% from the year-earlier period, in line with a report by the Financial Supervisory Authority (ASF).

Jewelry chain Teilor, controlled by entrepreneur Florin Enache, plans to raise EUR8 million (RON40 million) from Bucharest Stock Exchange (BSE) investors through a private placement handled by BT Capital Partners and scheduled for November, in line with ZF data.

Furniture retailer Ikea, present with two stores in Romania, went beyond the RON1 billion turnover mark domestically in the financial year ended on August 31, 2020, according to the group’s representatives.

FAN Courier, Romania’s leading courier services company, expects to generate RON1.1 billion revenues this year as in the first nine months volumes rose by 10% against the year-earlier period, according to the company’s representatives.

Chiajna-based Renaissance Public Service, the only Romanian-held TV set manufacturer, posteda turnover worth RON323 million in 2020, down 25% from 2019. Its profit rose, however, to over RON10 million, up 25% year-over-year.

Online sales will see an about 23% growth in Romania in 2021, higher than the European average put at 12%, Romania’s association of online stores ARMO said in a release.

Romanian IT company AROBS Transilvania Software primarily owned by Cluj-based entrepreneur Voicu Oprea has completed a private stock placement on Friday and raised RON75 million from investors, ZF has found.

The annual inflation rate would probably rise over the short time horizon to much higher values than those anticipated in the August forecast, which had indicated a 5.6% in December 2021 and levels of around 3.4% starting the third quarter of 2022, Romania’s central bank (BNR) Board members said during the monetary policy meeting on Friday.

Romania’s central bank (BNR) warns about the Government’s fiscal policy stance, which is likely to jeopardize budget consolidation. Romania has a high budget deficit, which will be very difficult to curb, since the budget has high permanent expenditures, Romania’s central bank Board said during its monetary policy meeting on Friday, October 5.