Romania Feed

Romanian software development company Softbinator Technologies (CODE.RO) has raised RON6 million financing through a private placement for a package of shares representing 10% of the company’s share capital and the funds will be used to open offices in the US and Israel and for acquisitions.

Local company ABN Systems International, the holder of the Tellur brand and an integrator and distributor of electronic equipment and telecom accessories, registered net profit worth RON2.4 million (EUR480,000) in the first six months of 2021, over eight times higher than the level reported in the similar period of last year.

Retailer Altex, Romania's leading electronics retailer held by businessman Dan Ostahie, will be opening an electro-IT hypermarket on Thursday, in capital Bucharest, following an investment of over EUR5 million.

Romanian Stefan Mandachi, the owner of the Spartan restaurant chain, which has over 60 units, said the group he coordinates is in full expansion and in search of locations to open new restaurants, and of new franchised partners, in Romania and abroad, to help continue the development of the business.

Real estate developer Element Industrial, controlled by entrepreneur Ionut Dumitrescu, embarked on a new project in eastern Romania, ELI Park Braila, an over EUR25 million investment.

Herbal and tincture producer PlantExtrakt, which started its activity in Cluj county right after the Revolution, in 1991, as a Romanian-German business, expects revenues of RON24 million this year from the same of homeopathic drugs and raw materials for homeopathy and phytotherapy in Romania and another 20 countries.

Nestle Romania business, entirely operated on a single legal entity, reached RON933 million in 2020, RON3 million above the pre-pandemic level.

This summer was the best for Romanian seaside hotel owners, so that the number of tourists and the level of receipts topped those of 2019, the year with the best results for companies managing seaside hotels.

Innobyte, a leading player on the Romanian e-commerce market, recently acquired by solutions provider Life is Hard, aims to boost turnover by around 15% this year from 2020, thus getting beyond the EUR2 million threshold.

Rompetrol Rafinare, member company of the KMG International Group, has completed most of the turnaround of the production units on the Petromidia platform and is conducting the last technical checks in order to restart the production activity in conditions of maximum safety, per a stock market report released Tuesday.

The Bucharest Stock Exchange will launch three new indices, respectively BET AeRO, BET-TRN and BET-XT-TRN, on October 11, 2021.

E-Distributie Muntenia, E-Distributie Dobrogea and E-Distributie Banat, the electricity distribution companies in Romania of Italian utility group Enel Group, will be investing RON880 million in 2021 in upgrading, digitizing and expanding the power grid in capital Bucharest and in the ten Romanian counties where they operate.

German fashion group Anson’s, active on the market of large multibrand-type stores market, is readying to open its first unit in Romania, which will be located within the Sun Plaza shopping mall in capital Bucharest.

TeraPlast shares have been included by the Vienna Stock Exchange in the CECE MID CAP index, part of the regional CECExt (CECE Extended Index) indices family, starting September 2021. Thus, TeraPlast shares' visibility increases at regional level, the company said in a stock market report Tuesday.

Romania’s Labor Ministry is proposing raising the minimum net wage to RON1,524 (EUR307.9) starting with January 1, 2022, which translates into a 10% increase (+RON138) compared to the current level, while the minimum gross wage is seen reaching RON2,550 (+10.9%).

Alpha Bank Romania has signed a collaboration protocol with Romania's Agency for Rural Investment Financing (AFIR) in order to speed up the absorption process of European funds allocated under the National Rural Development Program for the 2021-2022 transition period.

Carrefour Romania and the Bucharest Academy of Economic Studies (ASE) have signed a strategic partnership for the next three years, targeting professional development projects for the company’s employees. The partnership begins with a first program called the School of Leaders, launched by Carrefour Romania in July, which aims to train tomorrow’s leaders as the company’s […]

Since March 2020 we have learned that the Covid-19 is not very predictable. Yet, we can design workplaces in a way that limits the spread of various infectious viral outbreaks.  What’s essential in adjusting offices and maintaining the right balance between health and safety, comfort, sustainability, and privacy rights for office users?   We are […]

Gus Schellekens, Partner, Head of Sustainability EY Climate Change & Sustainability Services, EY Romania, will join BR’s Environmental & Sustainability Summit 2021 edition, September 28-29 at the JW Marriott Bucharest Grand Hotel. Register here for the on-site event, and join Gus Schellekens and other top speakers at the largest Environmental and Sustainability event in Romania!   Gus is an experienced […]

INCOME, an Estonian loan investment marketplace focusing on investor safety, is targeting to raise EUR 400,000 on the SeedBlink crowdfunding platform. The INCOME equity crowdfunding campaign starts on September 28th.   In 2021, INCOME was launched with the idea of making investments in loans simple and safe. INCOME improves loan investment safety by implementing institutional-level […]