Romania Feed

Romania could recover over 60% of the GDP (gross domestic product) loss caused by the COVID-19 pandemic and could generate approximately 1000 jobs per one million inhabitants, through investment projects in renewable energy, said Mihai Draghici, Director, Business Consulting at EY Romania.

Dateio, a fintech company founded in 2013 in Prague, developed a card-linked marketing white-label platform offering bank customers deals directly in their mobile banking app. They’ve now recently launched their platform in cooperation with UniCredit Bank Romania. The ShopSmart program is available directly in UniCredit Bank’s SmartBanking mobile application, offering their clients rewards in the […]

Romania’s Competition Council has approved a transaction whereby Austria’s ALPLA Group, a world leader in the development, production and recycling of plastic packaging, acquires Wolf Plastics Verpackungen based in Austria and, indirectly, Wolf Plastics Ambalaje in Romania.

Lender Banca Comerciala Romana (BCR) has granted loans worth RON1.2 billion to entrepreneurs through the government's IMM Invest program for small and medium-sized enterprises (SMEs), until present, and was greenlighted to supplement the initial ceiling by an additional RON400 million.

Appraisal & Valuation (APP.RO), a company providing appraisal, consulting and real estate development services, on Monday said it appointed Gheorghe Dragne to run the company’s development division.

Private lending grew by 13.4% in nominal terms to RON314.5 billion in January-September 2021, compared to the same period in 2020, as local currency lending grew by 18.4% and foreign currency lending by 2.3% when expressed in lei, central bank data showed Monday.

The number of online card transactions processed by Netopia Payments grew 50% year-over-year in January-September 2021 and their total value grew surged nearly 55%, with an average 1.4 million online transactions processed monthly.

Craiova-based Softronic, the only factory in Eastern Europe manufacturing electric frames and locomotives, owned by four Romanian entrepreneurs, has contracted financing of EUR4.5 million from lender Garanti BBVA Romania for the construction of two electric locomotives.

Voted by the Business Review Awards independent jury as the Company with the Highest Social Impact in 2020, She is MOM will be present for the second year in a row at the most prominent tech event that brings together and connects start-ups, corporations, and investors around the world – Web Summit.   “This is […]

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, continued its upward trend on Monday (Oct 25) and grew to 2.30% a year, per central bank data.

The #25×25 Interview Series continues today with a special episode. “We are proud to have walked this 25-year long road alongside so many successful businesses. It is for this reason that we initiated this #25×25 interview series. We wanted to create a platform where these companies’ roles in shaping the local economy over the past quarter […]

The Bucharest Stock Exchange announced that the first bond issue of BRK Financial Group (BRK.RO), in the amount of RON25 million, would start trading on the Main Market on Tuesday (October 26), under the ticker symbol BRK26.

Bacau-based Barleta plant, producing paper bags and sacks for major supermarket chains, pharmacy networks or bakery makers, forecasts 7% higher turnover this year, to EUR20 million, according to the company’s officials.

Troia Premium Construct, a Bucharest-based building company, owned by two Romanian entrepreneurs, registered RON96 million turnover in 2020, 75% higher than in 2019, and profit worth RON7.8 million, up 32%.

Czech sporting goods retailer Sportisimo forecasts two-digit turnover growth in Romania in 2021.

Romania’s courier services market is expected to expand this year as well, with growth seen at around 15%.

Karpaten Turism, one of the biggest players in Romanian tourism field, controlled by Gheorghe Marginean, aims for EUR50 million turnover this year, from the around EUR20 million level reached last year.

The equivalent of the Nobel prize for Industrial Design – the Red Dot Luminary Award – was won by .lumen, the startup that creates innovative glasses that aid the mobility of the blind, together with the design studio Desiro Vision. Out of more than 4000 design contenders, only 60 have been chosen as Best of […]

Distribution and logistics company Aquila, held by Catalin Vasile and Alin Dociu, plans to launch an initial public offering (IPO) for the sale of 50% of the shares newly issued within a share capital increase.

Two days filled with thought-provoking discussions are set in place for Business Review’s 8th annual edition of the Foreign Investors Summit. Over 20 top speakers will take the stage during the event’s 4 panels, one keynote speech, and European Investment Bank exclusive presentation. This year’s event will take place in hybrid format, on-site at the […]