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Raiffeisen Bank on Tuesday said it appointed Mihail Ion to run its new Division of Capital Markets, Investment Banking and Personal Financial Planning Division.

Smart ID Dynamics, a provider of software and hardware solutions has fully acquired Brasov-based provider of integrated software solutions Spectrum, which has over 20 years of experience in providing software, hardware and post-implementation support solutions, the company said in a release.

Over the last 10 years, Romania has had a positive economic evolution from the perspective of the dynamics of the gross domestic product. An overview of this dynamic is provided by data published by Eurostat, which shows an increase in gross domestic product expressed in euro at current market prices from around € 131.8 billion […]

Top Seeds, a provider of integrated solutions for the agricultural field, on Tuesday said it ended 2021 with a turnover of RON249 million, up 40% on the year, and a net profit of RON9 million, up 24% versus 2020.

The net profit generated by the entire Romanian banking system at the end of the first quarter of 2022 touched a new record high of RON1.96 billion, up 3.7% from the level reported in the same period of 2021.

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, climbed to 5.97% a year on Tuesday (May 31) after stagnating at 5.95% on Monday (May 30) and Friday (May 27), as per central bank data.

Romania’s unemployment rate stood at 5.5% in April 2022, lower by 0.1 percentage points than 5.6% in March 2022, data from the country’s statistics institute INS shows on Tuesday (May 31).

Construction material wholesaler Sipex Company, which raised RON10.6 million from investors in February, will start trading on the AeRO market of the Bucharest Stock Exchange on Friday, June 3, 2022, ZF has found.

Confectionary chain ANA Pan, whose development is handled by Alexandra Copos de Prada, daughter of businessman George Copos, will open an ANA Baking Co store in Cotroceni One in the second half of the year, after having opened one on Nerva Traian area in Bucharest in January.

U.S. investor Morgan Stanley, who had bought the America House office building in Victory Square in downtown Bucharest in 2019, has completed its EUR10 million investment in upgrade works.

Romania’s largest poultry producer Transavia is investing EUR20 million in photovoltaic parks and development of new production and grain storage capacity in 2022.

Romania’s largest poultry producer Transavia is investing EUR20 million in photovoltaic parks and development of new production and grain storage capacity in 2022.

Childhood dreams do not fit into adult responsibilities, as per a survey by recruitment platform BestJobs that marks the upcoming Children's Day.

Agrinvest Credit IFN, a company specialized in financing the Romanian agricultural sector, on Monday said it plans to grant new loans worth over RON45 million in 2022 after the volume of loans granted surged by over 280% at end-April 2022 compared to the same period in 2021.

Nordis Group, a real estate developer of premium hotel and residential complexes, has started construction works at the five-star Nordis Brasov 5 complex, with an investment estimated at EUR26.4 million and due for delivery at the end of 2023.

Furniture manufacturer Elvila (ELV.RO) ended the first quarter of 2022 with RON1.73 million loss, higher than RON1.66 million in the year-earlier period, and a turnover of RON6.1 million, down 17.7% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s quarterly report.

The Romanian office of regional law firm Wolf Theiss has expanded its team by hiring four lawyers in the Investigation, Crisis Response and Compliance and Competition and Regulation practices.

Grocery retailer Profi, held by buyout investor Mid Europa Partners, had a turnover of RON9.5 billion in 2021, up 7.8% from 2020.

Supply chain challenges arising from the COVID-19 pandemic and Russia’s invasion of Ukraine could result in a potential EUR920 billion combined losses to gross domestic product (GDP) across the Eurozone by 2023, as per a report released by Accenture.

The Bucharest office of CEE / SEE law firm Wolf Theiss has extended its team of lawyers with new recruitments within two practice groups: Investigations, Crisis Response & Compliance and Competition & Regulatory.   Following the recent announcement of Dana Toma and Ana-Maria Mustăţea joining the Real-Estate team, Wolf Theiss welcomes further four new lawyers […]