Romania Feed

Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase in income along with the rise in interests, as well as a decline in risk costs and provisions.

Real estate developer Impact Developer & Contractor (IMP.RO) has notified its shareholders and investors of the signing of a working capital type loan agreement. Impact Developer & Contractor is the borrower, Garanti Bank is the lender and Bergamot Developments is the mortgage guarantor, according to the company’s report to the Bucharest Stock Exchange.

Kansas has legalized sports betting, so that’s where we are now! While we await the product’s commercial debut.   When the Kansas legislature agreed to SB 84 in 2022, the Kansas Lottery was expanded to include internet sports betting. With the House’s 73-49 vote on Thursday and the Senate’s 21-13 vote on Friday, the new […]

As a business owner, it’s crucial to ensure your payroll system is effective and accurate. Unfortunately, inaccurate payroll is an issue among many UK businesses. In their recent report, financial planning software specialists MHR found that between the period of 2020 and 2021, 94% of British businesses reported making mistakes with payroll. The report also […]

If you’re sniffing out the best paper writing services to save some time during your overloaded academic life, you need to kill a couple of hours to uncover the right one that suits your needs. Just like with any other product or service, opinions vary widely. Add your own background, unique topics, and academic requirements […]

There are many forex brokers out there that you might want to utilize when you first start getting into forex. Although a platform like FXList can help you find lists of brokers, it’s still up to you to figure out what broker will be right for you. Additionally, there’s not always such a thing as […]

When it comes to the stock market, there are always going to be trends. Some will be promising and others will not be so much. It can be tough to figure out which ones are worth following and which ones aren’t, but if you do your research, you can make informed decisions about which trends […]

Friday, June 3, the second edition of SAGA kicks off! The Festival brings an electrifying concept based on imagination, transformation and energy to the National Arena and its surrounding park. On 3, 4 and 5 June, festival-goers will be transported into a world of creativity and innovation. Source, the main stage, is a true spectacle, […]

Romanian authorities issued 3,956 residential building permits in April 2022, 9.9% fewer than in March 2022 and 15.5% fewer than in April 2021, data from the country’s statistics board INS showed Tuesday.

Europe’s attractiveness for foreign direct investment (FDI) started to recover following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, the latest annual EY European Attractiveness Survey shows.

Regional investment fund SIF Oltenia (SIF5.RO) has received the approval of Romania’s financial supervisory authority ASF for a public offer for purchasing shares issued by the Fund, in line with a stock market report released on Tuesday (May 31).

The Bucharest Stock Exchange on Tuesday said the shares of building material wholesaler Sipex will start trading on the AeRo market, the equity segment of the Multilateral Trading System of the Stock Exchange, on Friday (June 3), under the stock ticker SPX.

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Tuesday said it completed refurbishment works on the 220/110 kV Hasdat transformer station (Hunedoara County), following an investment of over RON60 million from own funds.

Fintech platform Omnicredit has obtained financing worth nearly EUR2 million from a debt investment fund specialized in factoring-related financing and the funds will be used for microfinancing services for small- and medium-sized enterprises (SMEs).

The insurance company SIGNAL IDUNA ASIGURARE REASIGURARE has received all the approvals from the Financial Supervision Authority (ASF) and announces the completion of the transaction and the beginning of the integration process of the two companies, ERGO Asigurări and ERGO Asigurări de Viață within the SIGNAL IDUNA Group.   ERGO Asigurări will continue its activity […]

French hotel group Accor, which currently has more than 950 employees in Romania, seeks to add 600 more people to its team until 2025, in order to support the opening and operation of more than ten new hotels.

Transavia Group, Romania’s largest poultry producer, registered exports of RON202 million in 2021, almost double from RON124 million in 2020, in line with data from the Group’s representatives at the request of Ziarul Financiar (ZF) daily.

Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, has reached in 15 years more than 2,100 employees at its services center in capital city Bucharest, the only of this kind in Europe, the company said in a statement.

Another top business professional in Romania takes center stage under the #Call4.0Leaders spotlight! In this installment of Business Review special interview series, Michel Eschenbrenner, General Manager at Servier Pharma Romania, answered our call and the 4 questions about the trends of the new reality: resiliency and sustainability, the human-machine balance, organizational agility, and Co-opetition.   What projects have […]

When the business environment is facing the challenges of the SAF-T reporting, for which the first deadlines are fast approaching (until 31 July 2022, a number of 3,280 companies will have the obligation to file the 406 statement), two other projects undertaken by the tax authorities in the reforms included in the National Plan for […]