Romania Feed

Cargus, one of the largest players in the courier industry in Romania, ended 2021 with a turnover of RON450 million, down almost 9% from 2020, and had a constant level of the volumes delivered, maintaining the same trend as in the previous year.

Logistics and industrial real estate developer Element Industrial plans to deliver 200,000 square meters of space in Romania by the end of 2023, says managing director Andrei Jerca.

Romanian real estate developer Camicna Development is set to invest EUR25 million in a residential project with 51 apartments near Baneasa forest (in the north of capital Bucharest), which is due to be completed in the fourth quarter of 2023.

MedLife, the leader of the private medical services market in Romania on Tuesday (June 21) announced the signing of the acquisition for 80% of the shares of Medici’s, the most important local medical operator in Timisoara (western Romania).

Telecommunications operator Digi Communications (DIGI.RO) announced that Citymesh Mobile, a joint venture where the Romanian subsidiary of Digi and Citymesh, a company registered in Belgium and part of the IT group Cegeka, on June 21, 2022, won the 5G spectrum frequency user rights in the auction organized by Belgian Institute for Postal Services and Telecommunications (“BIPT”).

Actual Individual Consumption (AIC) is a measure of material welfare of households. In 2021, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 63% to 146% of the EU average across the 27 Member States.

The Bucharest Stock Exchange on Tuesday said the bonds issued by Crama La Salina, in the amount of EUR2 million, will start trading on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange on Thursday (June 23).

Private and public owners of plots of land appropriate for afforestation are offered grants under a EUR500 million scheme 100% funded under the Recovery and Resilience Facility (RRF), already approved by the European Commission.

The shares of Romanian fast-moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) will be included in the FTSE Russell indices dedicated to emerging markets, starting with June 20.

SAS, a global leader in advanced data analytics solutions, is launching a postgraduate continuous education program in partnership with Polytechnic University of Bucharest – UPB.   The decision is part of SAS’ sustained effort to create new capabilities in the advanced data analytics labour market, in the context of a shortage of approx. 25,000 roles […]

The Romanian Diversity Chamber of Commerce (RDCC) and the European Bank for Reconstruction and Development (EBRD) are proud to be organizing the second regional Equality, Diversity and Inclusion in Central and Eastern Europe Conference: Today and Tomorrow on Wednesday 29 June 2022, from 09:00 to 16:30, at the Radisson Blu Hotel in Bucharest.   The […]

SeedBlink, the European investment platform specialising in funding and scaling technology startups, launches new funding round for Agriniser, the UK-based Bulgarian Agritech company, that has developed a digital marketplace where one can buy and sell grain. The funds will be used to support the startup’s expansion plans, with a first goal to enter the Romanian […]

Cargus, one of the largest players in the courier industry in Romania, continues to adapt to the changes of the local market by investing consistently in digital and logistic solutions, which provide businesses and individuals delivery services at a high standard of excellence.   In the last two years, Cargus invested 20 million euros in […]

The Fed raised the key policy rate by 0.75%, the biggest hike from 1994, signaling further increases in order to curb inflation. After the hike, the rate is at 1.75% but Jerome Powell, Fed Chair sees it in the range of 3 to 3.5% by the end of the year calling it “a modest restrictive […]

According to w3Tech, 62.1% of online content is in English, even though 16.2% of the world’s population are native English speakers. Because of this, many eCommerce businesses are missing an opportunity to attract more customers if they make it multilingual.   In a survey by Unbabel, about 69% of global consumers reported that brands should […]

There are several reasons why every business owner would want to adopt information technology (IT) solutions into their business systems. Yet the most important of all is to improve communication and streamline operations.     While that’s the case, IT isn’t without risk. This is true, mainly since hackers use the same technology to threaten the […]

Starting a production company can be an exciting and daunting task. There are many things to consider when getting your business off the ground, such as finding the right crew, renting equipment, and securing permits. But one of the most important aspects of any production is having the right tools for the job. In this […]

Startup Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted its first client from abroad and plans to launch its platform internationally in the coming period.

Arad-based Smart Diesel, founded by Romanian entrepreneurs Ovidiu Andries and Daniel Imbre and taken over in late 2020 by Germany’s DKV, for 2021 reported turnover worth RON1.571 billion (EUR319.3 million), 6% higher than in 2020, in line with ZF calculations based on Finance Ministry data.

Alka Trading Co, the biggest company part of Alka group, a producer of croissants, biscuits and wafers, has budgeted RON329.8 million turnover for 2022, up 17% from the previous year.