Romania Feed

Liberty Galati, the largest steel producer in Romania, ended 2021 with a turnover of RON9.3 billion (EUR1.9 billion), double against RON4.6 billion (EUR964 million) in 2020, as per finance ministry data.

Ramona Chiriac, Head of the European Commission’s Representation in Romania, is set to become a keynote speaker at Business Review’s upcoming Rising Cities. Smart Future 2022 edition, on June 9 at the Courtyard by Marriott Bucharest Floreasca. Register here for the on-site event, and join her and an entire line-up of top speakers at the premier smart city event in Romania! […]

BCR, TradeVille and Swiss Capital were the most active brokers on the Bucharest Stock Exchange in May 2022, jointly accounting for 42.9% of total intermediations, respectively brokered deals worth RON820 million, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.

I think we all agree that we are going through a complicated situation for the economy and society, characterized by growing risks and uncertainty, and in the near future, the chances of this situation changing are relatively low, because of the overlapping crises we face. By Leonardo Badea, Deputy Governor of the National Bank of […]

Telekom Romania Communications, the former fixed telephony monopoly Romtelecom, returned to net losses and posted lower revenue in 2021, the year it became part of France’s Orange Group, which bought the majority stake from Deutsche Telekom, after the latter’s decision to leave the Romanian market.

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, surged to 6.05% a year on Monday (June 6) from 6.01% a year on Friday (June 3), as per central bank data.

The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, on Monday said it would set off activities in Romania as it plans to invest almost EUR120 million in the development of solar photovoltaic (PV) parks it has recently acquired.

Travel agency Accent Travel plans to exceed the EUR100 million sales volume threshold in 2022, as per data from company representatives.

Romania’s telecom market leader Orange saw its net profit grow almost six times faster than its revenue in 2021, data on the Finance Ministry website show.

Lara Tassan Zanin, Head of the EIB Group Representation in Romania, will join BR’s Rising Cities. Smart Future 2022 edition, on June 9 at the Courtyard by Marriott Bucharest Floreasca. Register here for the on-site event, and join Lara Tassan Zanin and other top speakers at the premier smart city event in Romania!   Join us on-site to claim 50% off […]

 The lifting of the Covid 19 restrictions is boosting tourism worldwide. In Romania the  arrivals of foreign visitors increased in April 2022 by 189% compared with last year, to almost a million people. Meanwhile the number of Romanians exiting the country increased 137% to 1.4 million people. Macro commentary by eToro analyst for Romania, Bogdan […]

Courier company Cargus is expanding its SHIP & GO national network, by adding two new partners: PayPoint and un-doi Centru de plăți, both having in total more than 30.000 locations nationally.   The partnership will help Cargus increase its Click & Collect network – by the end of this year, the company estimates it will […]

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 field, and to support projects with innovative and digital components: IMM Prod, Garant Construct, Rural Invest and Innovation.   “We understand the challenges of […]

ENEVO Group moves its office within the AFI Lakeview owned by AFI EUROPE and located in the Floreasca-Barbu Vacarescu area in Bucharest, one of the main office hub in the country, in a transaction brokered by the real estate consulting company Cushman & Wakefield Echinox.   ENEVO Group of companies covers a diverse range of […]

Agroland Business System (BVB: AG), Romanian entrepreneurial retail, agriculture, and food group, which operates the largest network of agricultural stores in Romania, obtains non-reimbursable financing under the SME AGRI-FOOD program (working capital grants) launched by the Ministry of Entrepreneurship and Tourism.   The grant value is approximately 120,000 euros, and the capital raised will be […]

On the occasion of June 5th – World Environment Day, BAT Romania launches, as part of the „Choose Responsibly for a Clean City” platform a new campaign aimed at raising awareness that individual gestures can have a significant impact on the way our city looks and on the environment as a whole.   During the […]

Retail sales volume (excluding the trade with motor vehicles and motorcycles), in unadjusted data, grew by 3.7% in April 2022 versus April 2021 due to increases recorded by the retail of automotive fuel in specialized stores (+11.4%) and by the sale of non-food products (+5.6%).

The European Commission approved on Friday (June 3) state aid schemes for small and medium-sized enterprises (SMEs), respectively for the IMM PROD and GARANT CONSTRUCT programs.

The total lease volume on the Bucharest office market amounted to almost 65,000 square meters in the first quarter of 2022, similar to the level traded in the same period 2021, but higher by 10,000 sqm than in the first quarter of 2020, as per data from real estate consulting firm Crosspoint Real Estate.

A consortium made up of Raiffeisen Bank International, Raiffeisen Bank Romania and UniCredit Bank Romania has granted a syndicated loan of EUR65.2 million to Portugal’s Greenvolt-Energias Renováveis.