Romania Feed

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, returned to growth on Friday (Oct 22) after stagnating over the last two days, and rose to 2.29% a year, per central bank data.

Rosendahl Nextrom, the domestic arm of Rosendahl Nextrom GmbH Austria, part of Austria’s group Knill Gruppe, in 2020 posted turnover worth RON12.7 million (EUR2.6 million), down 64% year-on-year.

Romania’s environmental protection expenditure stood at RON15.7 billion in 2020, or nearly 1.5% of the gross domestic product (GDP), with the bulk of the amount going into waste management, data from the country’s statistics board INS showed Friday.

Romania’s dermocosmetics producer Ivatherm will end this year with turnover worth around RON26 million, after an increase of about 20% from last year.

Romania’s state-owned passenger railway carrier CFR Calatori reached revenues worth RON1.8 billion in 2020, down 14% year-on-year, while losses more than doubled against 2019, to RON354 million.

Romanian tourists’ massive shift toward the domestic hospitality industry amid pandemic restrictions is turning into a rare opportunity to invest in this field, says Dragos Petrescu, founder of City Grill, Romania’s biggest entrepreneurial business in the restaurant field.

The European Bank for Reconstruction and Development (EBRD has invested RON75 million in the RON500 million bond issue of Banca Comerciala Romana (BCR), ZF has found.

Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) announced in a stock market report that the company’s shareholders approved at their meeting on Thursday (October 21) a new structure of the Board of Directors effective October 24, 2021.

A 12.9% annual global rate of decarbonization is now required to limit warming to 1.5°C. In 2020 the rate of global decarbonization - the reduction in carbon intensity or energy-related CO2 emissions per dollar of GDP - was 2.5%.

Romania's finance ministry on Thursday raised RON1.16 billion, almost double the targeted amount of RON600 million, selling bonds maturing in June 2026 at an average yield of 4.48%, central bank data showed.

ICAP Romania and the Association of Risk Professionals analyzed the universe of companies with financial data as of December 2020. From the approximately 780,000 companies with financial results available, the study selected about 550,000 with financial data each year from 2017-2020. The 780,000 companies would represent about 98%, and the 550,000 represent about 71% of the […]

Bob Concierge, the Romanian startup which has developed an intelligent system of automated devices that provide and sell products and services within residential complexes and office buildings, has received a new investment of 6 million euros from American fund NCH Capital.   The company aims to use the funds to continue to innovate and scale […]

Smart Fintech marks a new premiere in Romania, becoming the first third-party provider licensed on both open banking segments. After becoming the first authorized payment institution in Romania under the PSD2 European directive in April, the start-up also received earlier this month authorization as an account information service provider from the National Bank of Romania, […]

NEPI Residential, the new residential division of the NEPI Rockcastle group, the main investor and developer of shopping centers in Central and Eastern Europe, announces receiving the construction permit and the start of works at Vulcan Residence, the newest apartments complex in 13 Septembrie area, Bucharest.   Vulcan Residence will be built in a single […]

Cognizant (Nasdaq: CTSH) today announced it will achieve net zero emissions by 2030, a new milestone set out as part of the company’s ongoing environmental, social and governance (ESG) agenda to become a more sustainable business.   “Climate change is widespread, rapid and intensifying,” said Brian Humphries, Chief Executive Officer at Cognizant. “As a global […]

Ziora, a technology start-up that developed an app for business management and online appointments used by beauty salons, medical clinics, and sports clubs, aims to raise €150.000 this year to develop an Artificial Intelligence platform to automate after-sales service. The AI module would reduce after-sales service costs by 80% and enables faster onboarding of new […]

Safetech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, announces its involvement as a co-organizer in CTF-USV (Capture the Flag). This is a competition dedicated to students in Romania and abroad that consists of solving several cybersecurity problems at the level of web applications. Ștefan cel Mare University […]

From the internal studies done by CIEL Romania, one of the most important software producers for entrepreneurs, it resulted that 45% of the Romanian companies made investments in digitalization during the pandemic. In more than half of the cases (61.2%) the amounts allocated to the automation of processes were smaller than 1,000 euros, in the […]

Orlin Alexiev is planning to compete in the Dakar Rally for the third time under the guidance of Todor Hristov. The race will be held in Saudi Arabia and consist of 12 stages over 13 days, including about 7,500 kilometers in the desert alone.   The former Municipal Councilor for the political party GERB, Orlin […]