Romania Feed

2023 is shaping up as the first year in which employers take concrete steps towards bringing employees back to the office, as the number of remote jobs posted over the last month reaching a three-year low and half the level reported in the same period of 2022.

Law firm NDI Law has invested EUR50,000 in developing and launching a digital platform called NewLaw.ro for collaboration with lawyers.

Alpha Bank Romania reported a net profit of EUR33 million for 2022, considering that in 2021 it reported a profit before tax of EUR25.6 million.

Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, ended 2022 with a volume of underwritings worth EUR12.6 billion, up 14.1% from 2021, and a net profit of RON466 million, up 24% versus 2021, according to data provided by VIG representatives.

Andersen Global, an international association of independent consultancies, founded in 2013 in the US, is expanding its activities in Europe via a collaboration agreement with CMF Consulting (CMF), a valuation services company of Romania.

SmartBill, the main invoicing and management solution for SMEs in Romania, has integrated Smart Accounts service in its platform, via a partnership with Smart Fintech startup.

German generics manufacturer Stada, which is building a plant in Turda, Cluj, in 2022 generated RON247 million turnover in Romania, 37% higher than in 2021.

The Bucharest Stock Exchange (BVB), the operator of Romania’s around RON223 billion capital market, is convening its shareholder in April 26 for the approval of the distribution of 2022 net profit, totally worth RON11.3 million, of which RON637,327 for legal reserve and RON10.3 million under the forms of dividends.

Winemaker Cramele Recas, a major player on the Romanian market, for 2023 expects growth of around 7% by volume and of around 15% by value from 2022.

French building materials manufacturer Saint-Gobain in 2022 overshot the 2,000-employee mark in Romania in 2022, after it recruited further amid the expansion of local production capacities.

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, stagnated at 6.90% a year on Tuesday (March 14), in line with central bank data.

Raiffeisen Bank International and Raiffeisen Bank Romania have granted a loan worth EUR40.5 million to a company from the Shikun and Binui Energy Group in Israel for the construction of a photovoltaic (PV) power plant, with a total installed capacity of approximately 70 MW, in Satu Mare.

Orange Romania is taking important steps for the global standardization of 5G technology, the sustainable development of mobile networks, ensuring cyber security and defining the future generations of 6G networks, by getting involved in six research projects within Horizon Europe, company representatives said in a statement.

Shareholders of Libra Internet Bank have approved in their general meeting the re-election of Radu Ghetea, Ionel Umbres, Emilian Bituleanu and Eugen Goga as members of the bank's Board of Directors, for a four-year period, until 2027.

Shareholders of Romanian natural gas producer and supplier Romgaz (SNG.RO) appointed seven members of the company’s Board of Directors for four-year terms, effective March 16, 2023.

The management of One United Properties S.A. on Tuesday (March 14) informed the market that the Vienna Stock Exchange announced that the company’s shares would be included in the ROTX Index, starting March 20, 2023.

Investment fund VR Business Capital, held by Victor Angelescu, has bought a 40% stake in advertising agency Tuio Social Media, as part of a plan aimed at expanding the agency into the digital world.

Poultry producer Oncos Transilvania based in Cluj County has finalized an investment of EUR500,000 in a smart lighting project carried out in partnership with E.ON Energie Romania and implemented in the company’s 45 halls of its farms in the counties of Cluj and Salaj.

Nuclear power producer Nuclearelectrica on Tuesday (March 14) said it was welcoming the adoption of the law approving the signing of the Support Agreement with the Romanian State for the development of the National Strategic Project Units 3 and 4 at the power plant in Cernavoda.

The four-day workweek is coming back to the attention of the players on the labor market, as the largest international experiment in this regard has recently ended and had positive results. Employees in Romania want a four-day workweek, but six in ten companies are reluctant, according to a recent survey conducted by recruitment platform BestJobs.