Romania Feed

Romania's finance ministry on Monday raised 1.2 billion lei (EUR246 million), double compared with its target, selling June 2026 bonds at an average yield of 2.3%, central bank data showed.

Alfredo Seafood owners, the local Darmanescu family, have entered the controlled temperature logistics market with Frigonet Logistics in 2020, with an initial investment of EUR0.5 million.

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said Monday just 0.2% of new shares issued for a share capital increase were subscribed in the preemption period.

Choosing the right glasses to correct your reading vision can be an overwhelming experience. One drugstore or pharmacy alone can flood you with countless reading glasses to choose from with different materials and styles. So, as a first-timer, how can you choose the right pair of glasses for you?   A pair of reading glasses […]

Mobile game developer Firebyte Games on Monday closed a private placement of shares in a share capital hike, raising RON4.93 million, BRK Financial Group said in a market report.

Shareholders of aluminum producer Alro Slatina (ALR.RO) onm Monday reconfirmed Genoveva Nastase in the position of company financial manager for a new four-year mandate, the company said in a market report.

Having navigated unprecedented disruption, executives are emboldened to reset their mergers and acquisitions (M&A) and investment strategies to secure growth for their businesses in the post-pandemic world, according to the 23rd edition of the EY Global Capital Confidence Barometer (CCB23).     Responding business leaders expect a return to pre-pandemic levels of profitability in 2021 […]

Sodexo Romania, leader in extra-salary benefits and services for quality of life in Romania, has published data on the degree of use of its mobile payment instruments in 2020.   To facilitate the use of this tools, the company launches MySodexo, a new global app dedicated to its customers, safe and easy to use. MySodexo […]

Intelligent software robots developed by Romanian technology startup Tailent reach Central & South America. The Robotic Process Automation (RPA) solutions will support overseas companies to automate and optimize a wide range of operational processes and allow their existing teams to focus on more relevant activities through a partnership with Serviceaide, a global provider of intelligent […]

Business leaders worldwide expect a return to pre-pandemic levels of profitability in 2021 (23%) or 2022 (44%), marking improved sentiment compared with estimates in March 2020, an EY survey across 52 countries showed Monday.

FAN Courier, the leading courier services company in Romania, said Monday its turnover grew 27% in 2020, topping the RON1 billion mark, as the ongoing pandemic boosted demand for delivery services.

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON78.2 billion at the end of January, RON3 billion higher compared with the end of 2020, financial regulator data showed.

Romanian construction material producer TeraPlast said Monday it will close the sale of its steel division to Kingspan Group on February 26 after clearing the last competition hurdle.

Romania's current account balance posted a deficit of EUR10.98 billion in 2020, compared with a deficit of EUR10.48 billion in 2019, central bank data showed Monday.

Startup Milluu, which developed a home renting app, seeks to raise EUR785,000 in a new financing round to fund growth on the local market and expand its property management services to Poland.

Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) on Monday reported a net profit of RON6.15 million for 2020, nearly ten times higher compared with 2019.

Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, seeks to raise RON5 million from investors and/or by contracting credit facilities to fund development in Romania, Bulgaria and access new markets.

The Cubix hotel in Brasov, central Romania, will join the Mercure network under a franchise agreement with French group Accor.

Keeping communication infrastructures running smoothly was one of the most challenging operations of 2020. Romania did very well in this sense, as the huge number of people working from home encountered no issues with their data usage or voice calls. One major external acknowledgement of this fact was the CTO of the Year 2020 award, […]

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Monday reported a net profit of RON114 million for 2020, up 18% on the year.