Romania Feed

Coface, a top provider of integrated credit risk management services, marks 15 years since the launch of the commercial credit insurance division on the Romanian market. In this context, the company launches EasyLiner, an insurance product dedicated to SMEs, adapted to the new requirements of the market. Coface thus continues to support companies in their […]

The European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude oil and petroleum products of Russian origin. The implementation of this measure will take 6 months for crude oil and up to 8 months for petroleum products.   These restrictions do not apply to […]

Business angels investment platform Growceanu aims to raise EUR300,000 in an investment round set to unfold exclusively on the Growceanu platform starting June 9th.

Softbinator Technologies, a Romanian software company founded by Daniel Ilinca, is taking over Timisoara-based Espresoh Tech in a bid to expand its client portfolio, particularly on the US market.

Paver manufacturer Elis Pavaje in 2021 posted RON313 million turnover, 9% higher than in 2020.

Construction company Bog’Art, owned by Raul Doicescu, continued the downward turnover trend that started three years ago and in 2021 posted RON576.2 million turnover, down 4% year-on-year.

Romania last year exported 17.4 million liters of wine as total production stood at 4.5 million hectoliters (450 million liters). This means exports weighed below 4% of total wine production, in line with ZF calculations based on data provided by the Association of Wine Producers and Exporters and the International Vineyard and Wine Organization.

Aluminum aircraft parts manufacturer Universal Alloy Corporation, a member of the Montana group controlled by Austrian entrepreneur Michael Tojner, ended last year with RON411 million (EUR85 million) revenue, compared with RON471 million (EUR97.8 million) the previous year, Finance Ministry data show.

SIF Hoteluri (CAOR.RO), a company in which SIF Banat-Crisana (SIF1.RO) owns the majority stake, has notified shareholders of the sale of the DoubleTree by Hilton Hotel in Oradea, according to a report to the Bucharest Stock Exchange.

The Profi chain has reached an almost equal number of partner and integrated stores, after the company signed the contract for its 800th partner store in Viseu de Sus, Maramures County.

Alpha Bank Romania joins the four new governmental programs whose main priorities are to dynamize local production, support constructions, including the “green” area, to stimulate productivity and competitiveness in the agricultural sector, and to support projects with innovative and digital components: IMM Prod, Garant Construct, Rural Invest and Innovation.

Most German-held companies in Romania currently have a good financial situation and continue to rate their business expectations as unchanged, but are pessimistic about the local economic development over the next 12 months, as per data from a business questionnaire conducted by the Romanian-German Chamber of Commerce and Industry (AHK Romania) in April 2022.

VOS Logistics Cargo, the local subsidiary of Netherlands’s VOS, posted RON473.6 million (EUR96.3 million) revenue in 2021, an increase of 9% on the previous year, ZF has calculated from Finance Ministry data.

Romanian company Alira Grand Vins, founded in 2016 by entrepreneur Patrik Simek, has opened a winery in Constanta County (south-eastern Romania) following an investment of over EUR5 million.

Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, has obtained nearly EUR120,000 in grant funding under the SME AGRI-FOOD program (working capital grants) launched by the Ministry of Entrepreneurship and Tourism.

Antoniu Panait, the Managing Director of Vastint Romania, is set to become a speaker at Business Review’s Rising Cities. Smart Future 2022, where he will open the first panel of the day titled “Challenges and opportunities for a sustainable environment within a modern city.” Join him and an entire line-up of top speakers at the premier smart […]

Glovo will be moving its head office in Romania to a space leased in the second phase of the U•Center office project developed by Forte Partners in Bucharest’s Tineretului area.

Home appliances producer Arctic, held by Turkey’s Arçelik Group, ended 2021 with a record turnover of RON3.5 billion (EUR700 million), 30% higher than in 2020.

Automotive parts and accessories wholesaler Inter Cars Romania, part of Poland’s Inter Cars Group, posted about RON1.3 billion (EUR264.2 million) revenue in 2021, an increase of 35.6% on the about RON958.3 million (EUR198.1 million) of 2020, Finance Ministry data show.

Romanian parcel delivery company Sameday, owned by eMag, expects revenue of over RON700 million in 2022, up almost 18% from the level recorded in 2021, in line with data from company representatives.