Romania Feed

Tohani Romania announces that this year’s wine will be an exceptional one, both in terms of quality and quantity, the production of high quality grapes being over 20% higher compared to the previous year. Although the spring was rather cold and dry, the weather was favorable for the cultivated varieties, the grapes being more balanced […]

Libra Internet Bank has raised EUR27.8 million from stock market investors through a private placement of bonds, with a seven-year maturity and an interest rate of 4.25%, payable annually.

Valentin Bargau, Director, Chief Investment Officer at Restart Energy, will be a speaker at BR Environmental & Sustainability Summit 2021 edition, September 28-29 at the JW Marriott Bucharest Grand Hotel. Register here for the on-site event, and join Valentin Bargau and other top speakers at the largest Environmental and Sustainability event in Romania!   With a Bachelor’s in Finance, Banks and Stock […]

About 60% of top executives are willing to accept that they are exposed to an aggressive and toxic lifestyle and the pressure on them – both in terms of job responsibilities and the stress and anxiety generated by the current society pace – dramatically affects their relationships with others and family life, reveals an analysis […]

Irinel Popescu, Retail Director at Metro Romania, will become the company’s new Franchise Director, a newly established position under the direct coordination of the company’s General Manager Adrian Ariciu.

ABIT Puresoft became the first Romanian company officially registered as a ServiceNow partner. The company has had a remarkable year in terms of business and team growth, geographical expansion, and relocation of the Bucharest headquarters. Since the company was founded in 2017, more than 240 projects have been delivered both to direct clients and through […]

Visual Fan S.A. (ALW.RO), which holds the Allview electronic devices brand, announced its intention to acquire a significant ownership stake in Intervision Trading RO SRL, which is sole distributor in Central and Eastern Europe (CEE) of the products under Japanese consumer electronics brand Akai.

Coherent Solutions Romania, the local R&D Center of Coherent Solutions, an American software product engineering and consulting company, with annual revenue close to $100M, expands its recruitment objectives and plans to reach a team of 40+ professionals by the end of the year.   Alina Șandru, General Manager of Coherent Solutions Romania said “When we […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.69% a year on Tuesday (Sept 28), from 1.67% a year on Monday (Sept 27) and 1.65% a year on Friday (Sept 24).

Alpha Bank Romania reaffirms its support to the agricultural sector by signing together with the Agency for Financing Rural Investments (AFIR) a collaboration protocol to accelerate the process of absorption of European funds allocated under the National Rural Development Program for the transition period 2021-2022.   “We support the implementation of projects with a European […]

Romanian business managers expect moderate growth in the economic activity in retail trade and services, as well as in prices in the processing industry, constructions and trade, in parallel with a relative stability in staff numbers, for the period September -November 2021, data from the country’s statistics board INS showed Tuesday.

Solina Romania, the former Supremia Grup, one of Romania’s biggest makers of food ingredients and spices, is set to finalize in October a EUR17 million investment in building a plant from scratch in Alba Iulia.

Sphera Franchise Group, owner of KFC, Pizza Hut and Taco Bell franchises, brought 112 workers from Sri Lanka to Romania in the first half of 2021 to set off the domestic workforce shortage.

Spanish giant Inditex, owner of Zara and other major fashion brands, has 1,805 important suppliers worldwide and its items are manufactures in more than 8,500 plants across the world. None of this production units is present in Romania.

Bucharest’s five-star Suter Palace Heritage Boutique Hotel in 2020 registered turnover of above RON2 million. The hotel was opened in 2018 and posted RON2 million revenues in its first year of activity.

Jewelry chain Teilor plans to invest RON30 million by yearend to develop its store network in Romania, Poland and Hungary, with the amounts earmarked per project averaging RON3.5 million.

Real estate consulting company Colliers Romania on Monday announced the appointment of Victor Cosconel to the position of Head of Industrial & Business Development, effective September.

Real estate consulting firm Collier rates the yields of premium office space projects in capital Bucharest at 6.75%, lower than the levels recorded in the previous years (for instance, 7% in autumn 2020), but, for exceptional projects, they are expected to go even below this threshold.

Over 150 participants from Romania have registered for NASA Space Apps Challenge, the largest space and science hackathon in the world, which will take place on October 2-3., online. The grand award of the global competition is the chance to participate in the launch of a space shuttle in 2022.   Those who want to […]

Burger King Romania, operated by AmRest, one of the largest European restaurant and food service platforms, celebrated two years on the Romanian market. Since the opening of the first restaurant in September 2019 in Bucharest, the company has continued to expand, despite the pandemic, currently managing 9 restaurants in Romania. In July 2021, AmRest opened […]