Romania Feed

The Romanian Pool of Insurance against Natural Disasters (PAID) has started procedures to raise its share capital to RON77.37 million from RON19.34 million by incorporating the reserves stemming from the profits undistributed in the previous years.

Romania’s energy ministry on Wednesday said announced the launch of the competitive procedure – state aid scheme with the objective of supporting investments in capacity building for the production of green hydrogen in electrolysis plants.

Romanian software solution provider Wizrom Software ended 2021 with a turnover of over EUR6.3 million, up almost 8% from 2020, company representatives said in a statement.

In a new #HRSpotlight2022 exclusive interview Business Review sat down with Cristina Mancas, Human Resources Vice President for South East Europe at Schneider Electric, to talk about the latest trends of the HR world in 2022 and beyond.   Starting with a bit of background, how was 2021 from an HR perspective and what were […]

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, has increased to 6.41% a year on Wednesday (June 29) from 6.28% on Tuesday (June 28), as per central bank data.

Cognition is the only Romanian agency member of the Neuromarketing Science & Business Association and in defining its digital communication strategies it combines insights, expertise and top-notch technologies, as it owns specialized research tools (GWI Consumer Insights) and digital performance optimization resources. By Romanita Oprea   Cognition’s founding members and partners are Claudia Archip, Alice […]

Global financial services provider iBanFirst today announced the acquisition of the London-based FX provider, Cornhill.   This acquisition builds on iBanFirst’s June 2021 partnership with investor Marlin Equity Partners and its ambition to accelerate its international expansion, strengthen its partnerships, and cement its market leadership across Europe. The acquisition of London-based FX provider Cornhill, which […]

Leading payments and API banking solutions company Cashfree Payments, today announced that its tokenization solution, ‘Token Vault’ will offer interoperability in card tokenization. Token Vault’s interoperability feature will help businesses who use multiple payment gateways to process tokenized card transactions across any payment gateway and card network of their choice.   Cashfree Payments’ Token Vault […]

APT Group, top 3 in the Human Resources services market, with a history of over 25 years, with revenues of 64 mil Euro and almost 4000 employees in 2021 changes its name to Prohuman APT and thus aligns itself to the identity of the group that is part of.   The Human Resources provider PROHUMAN, […]

MIRO, the office building developed by SPEEDWELL in northern Bucharest, has received the BREEAM Excellent certification. This is the result of an assessment for its environmental, social, and economic sustainability performance.   MIRO is an A-class office project located in the northern part of Bucharest, that has been delivered at the end of last year. […]

Romania will have at its disposal, through the National Recovery and Resilience Plan (PNRR), a budget of 1.2 billion euros for the management of all types of waste and must implement the planned projects by 2026.   If the projects are successful, the recycling target for packaging waste in Romania should increase to 70% by […]

Singureni Manor Equestrian Retreat, the perfect destination for people who appreciate authentic and profound experiences, becomes a partner in the Flying Blue loyalty program of Air France, KLM and TAROM. Thus, Flying Blue members will have the opportunity to explore new horizons of travel in a unique atmosphere and absolute comfort, in the middle of […]

Teilor, a luxury jewelry store chain present in Central and Eastern Europe, has budgeted RON27 million investments for 2022 to open new units, improve existent stores and clients’ omnichannel experience.

Spartan, the restaurant chain founded by businessman Stefan Mandachi, sealed an agreement to take over five of Taksim units of Bucharest, for EUR1 million, and is in advanced talks to also buy the other three Taksim units of the capital city.

Financial analysts part of CFA Romania association expect the Romanian leu to decline to an average of 5.1125 units to the euro in the next 12 months, while the estimated inflation rate will hit on average 9.50%, a new all-time high since the launch of the monthly poll CFA has conducted for over ten years.

Cora retailer, the smallest player in the local food retail field by the number of stores and turnover, is remodeling its hypermarkets of Bucharest and one of Constanta, downsizing them and reconfiguring product ranges in what seems to be a first major move on the segment of large stores.

Interior design company Chairry Design & Furniture is leasing a 240-sqm space in UpGround compound owned by international investor Globalworth, in northern Bucharest.

The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt collector Kruk data show.

Romanian Tech Startups Association (ROTSA), in partnership with Techcelerator and Rōnin, launched Startup Reaktor, an incubation platform for technology startups in Central and Eastern Europe (CEE).

The European Investment Bank (EIB) on Tuesday announced a EUR97 million co-financing to support the resilience of Romanian Black Sea coast to erosion and floods.