Romania Feed

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.

Life insurance, a segment that has significant potential in Romania, reached RON2.22 billion gross written premiums at the end of 2020, 2% lower than in 2019. The gross written premiums, however, went up 28.3% in the past decade, Romania’s Financial Supervisory Authority (ASF) data show.

Romanian state-owned natural gas producer Romgaz is currently in talks to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romania's economy minister said Tuesday.

Private lending in Romania grew 0.4% in nominal terms but decreased 0.9% in real terms in January compared with December, to RON283.531 billion, central bank data showed Tuesday.

Foreign markets hold huge growth potential for the Romanian dermo-cosmetics producer Ivatherm, despite the wave of patriotism around the world, especially since 2020.

Most analysts polled by CFA Romania (88%) estimate the leu at an average of 4.97 units to the euro over the next 12 months and see inflation at 2.58% over the same forecast horizon.

Fondul Proprietatea (FP.RO) has sold its entire 7.1% stake in nuclear power producer Nuclearelectrica (SNN.RO) throughout 2020, one of its longest standing investments.

Romanian state-owned hydropower producer Hidroelectrica ended 2020 with a net profit of RON1.45 billion, up 4.8% on the year, according to the annual report of minority shareholder Fondul Proprietatea (FP.RO).

Romanian state-owned gas natural transmission company Transgaz (TGN.RO) ended 2020 with a net profit of RON229.8 million, down 34% on the year, according to calculations by Ziarul Financiar (ZF) based on the company’s preliminary financial report published on the stock market Monday evening.

The global nuclear energy production grew for the seventh consecutive year in 2019, reaching 2,657 TWh, per the World Nuclear Association (WNA). Compared to the previous year, there is an increase of 95 TWh, the second largest nuclear energy production ever, according to Romania's nuclear power producer Nuclearelectrica (SNN.RO).