Romania Feed

Real estate developer Impact Developer & Contractor (IMP.RO) has notified shareholders of the signing of a working capital loan agreement, under which it got EUR20 million from Alpha Bank, the company said in a report to the Bucharest Stock Exchange.

MedLife, the leader of the Romanian private medical services market, has acquired the entire package of shares in the Tomorad Diagnostic and Imaging Medical Center in the town of Sfantu Gheorghe and also 60% of the shares of the Gastroenterology Medical Center in the town of Targu Mures.

Raiffeisen Bank, one of the largest lenders in Romania, on Friday said it raised RON525 million from stock market investors through an issue of green bonds with a five-year maturity and an annual fixed coupon of 8.927%.

Rompetrol Rafinare (RRC.RO), a member company of the KMG International Group and the operator of the Petromidia Navodari and Vega Ploiesti refineries, has recently completed the repair works of the Diesel Hydrotreating unit (HPM) affected by the technical incident that occurred in July 2021, the company said in a stock market report.

The management of One United Properties, a real estate developer of residential, office and mixed-use projects in Romania, on Friday informed investors of the subscription price of new shares within the share capital increase operation, following the Resolution of the Extraordinary General Meeting of the Shareholders no. 62 of April 26, 2022.

The European Investment Bank (EIB) transferred almost EUR1.4 billion to Romania under the Modernization Fund scheme to finance strategic projects in the country’s energy sector, according to Romania’s energy minister Virgil Popescu.

Hidroelectrica, the largest electricity producer in Romania, plans to build a solar photovoltaic (PV) park and a hydrogen-fueled power plant in central Romania.

The International Monetary Fund (IMF) warned the Romanian government that it must take fiscal measures and reform and boost taxes in order to rebuild the fiscal space below 3% of gross domestic product (GDP) and thus lean against deteriorating financing conditions.

IMPACT Developer & Contractor received the “Developer of the Year” award at the Romanian Property Awards gala, held in Snagov on June 9, 2022.   The award comes as an important recognition considering that 2021 represented for IMPACT a year with many challenges, but also with many successes and objectives achieved, a year in which […]

A study by Compare the Market Australia has ranked 26 European countries on factors such as homeownership rates, average property price per square meter, and average monthly rent in each country to reveal the countries with the highest homeownership rates in Europe.   Romania has the highest percentage of homeowners, with a 96.1% homeownership rate. That’s […]

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced version 22.0 of EcoStruxure™ Automation Expert, further enhancing the capabilities of the world’s first software-centric universal automation system.   Consumer-packaged goods, logistics, water and wastewater operations now have next generation automation capabilities and unrivaled operational flexibility with EcoStruxure Automation Expert […]

The speech-to-text technology developed by Romanian startup Vatis Tech for Romanian language exceeds by far the accuracy offered by tech giant applications when transcribing audio-video files.   Completed in only 9 months after the first investment into the start-up, Vatis Tech platform reaches an accuracy of 97% at voice-to-text conversion. Thus, tens of thousands of files […]

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, grew to 6.15% a year on Friday (June 10) from 6.13% a year on Thursday (June 9), as per central bank data.

A new gastronomic attraction has opened in the Metropolitan area of Bucharest. Located on 46 Pipera Boulevard in Voluntari, Sciccheria is an Italian restaurant with Sicilian influences, whose menu was created by chef Michael Passarelli and his father, chef Antonio Passarelli. The list of dishes of the place includes outstanding products made of quality ingredients, […]

Skanska’s commercial development business unit in CEE has a long-term experience in creating inclusive workplaces in terms of gender and various ability levels.   As confirmed by an internal annual survey, 84% of employees of Skanska commercial development business unit in CEE consider their company as an inclusive workplace with inclusive leadership. Nevertheless, the company […]

Net investments in the Romanian economy grew by 1.2% in the first quarter of 2022 compared with the same period in 2021, up to RON24.416 billion, data from the country's statistics board showed Friday.

Wolf Theiss welcomes Flavius Florea as Counsel and Head of the TMT, IP & Data Protection practice in Romania. He will lead and strengthen the practice, adding valuable expertise to the local team.   Flavius Florea has practiced law for more than 10 years, focusing on technology law, intellectual property and data privacy. His areas […]

The average net salary in Romania increased by 0.8% in nominal terms in April 2022 compared with March 2022, to 3,967 lei (EUR803), data from the country's statistics board INS showed Friday (June 10).

Romania's annual inflation rate surged to 14.5% in May 2022 compared to May 2021, data from the country's statistics board INS showed Friday (June 10).

The International Monetary Fund improved its economic growth prognosis for Romania to 3.5%-4.5% this year and next year.