Romania Feed

The Kazakh-Romanian Energy Investment Fund (FIEKR), held by KMG International and the Romanian State, has contracted a syndicated loan of EUR83 million that will be used to fund the construction of a new cogeneration plant on the Petromidia Refinery platform.

Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of agricultural stores in Romania, posted consolidated revenue of RON66.8 million in the first quarter, up 21% compared with the year-ago period and net profit of RON1.6 million, up 31%.

British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, has increased the number of employees in Romania by almost 10% every year, with an average of 200 new employees recruited annually.

Romanian entrepreneur Eugen Saulea has announced the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman Petr Adámek.

Romanian video game developer Amber has relocated its more than 120 employees in Botosani to a new head office and plans to increase its Amber Botosani team by 100 more specialists, company representatives said in a statement.

Terapia Cluj, a local pharmaceuticals producer held by pharmaceuticals giant Sun Pharma, has acquired the Uractiv product range of the portfolio of Iasi-based company Fiterman Pharma, according to an announcement by Sun Pharma.

The Modernization Fund is a program of the European Union (EU) aimed at supporting ten Member States to meet 2030 energy targets by helping to modernize energy systems and improve energy efficiency.

Chimcomplex, the largest local manufacturer of chemicals, has purchased a package of 2. 138 shares, representing 94.4% of the share capital of Sistemplast S.A. Râmnicu Vâlcea.  The company, located on the Oltchim platform is specialized in providing integrated solutions for mechanics, design, construction, verification, and monitoring of industrial works.  The total purchase value is of […]

Alpha Bank, ranked among the top ten largest lenders in Romania by assets, on Friday reported an operating profit of EUR5.6 million for the first quarter of 2022, up 143% from EUR2.3 million in the same period of 2021.

BAT Trading, the local distribution entity of BAT Romania, was designated by Romanians as the most appreciated employer in the local FMCG segment, according to the global Randstad Employer Brand 2022 study.   BAT, the leader of the local tobacco market, is a strategic employer: the company has tripled the number of its employees in […]

Verdino Green Foods, a Romanian producer of meat alternative products using pea protein, has concluded a strategic partnership with energy services company Resalta in order to take the first steps towards carbon neutrality.

The European Bank for Reconstruction and Development (EBRD) is expanding its presence in Romania by opening a new office in Cluj-Napoca, the country’s second largest city. The EBRD is the first international financial institution to open a regional office there, recognising the significant potential of its location. Situated in the heart of historical Transylvania, Cluj-Napoca […]

The first quarter of 2022 was full of challenges, determined by both domestic and international developments, which impacted Romania’s economic growth. Even in this challenging environment, the evolution of Alpha Bank Romania has registered a positive dynamic: Alpha Bank Romania’s loan portfolio increased by approximately 6.1% compared to the first quarter of the previous year, […]

The latest EY Mobility Consumer Index shows that 52% of respondents looking to buy a car plan to buy an electric vehicle (EV); it is the first time the number has exceeded 50%, representing an increase of 22% percentage points in just two years.

Capital city of Bucharest registered 13,537 jobless people (of whom 7,163 women) at the end of April 2022, taking the unemployment rate to 1.10%, data from the Bucharest Municipal Employment Agency showed Friday.

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, advanced to 5.95% a year on Friday (May 27) from 5.93% on Thursday (May 26), as per central bank data.

Returning to the office and defining the future working style has changed employees’ perceptions of their office. Romanians want offices where they have options for networking and interacting both at work and in their free time, a trend that is increasingly visible around the world. Thus, for 77% of Romanian employees, the ideal office should […]

The Romanian entrepreneur, Eugen Saulea, founder of ESSA Group, is investing in a new field – digital inventory – and announces the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman Petr Adámek. The first phase of the newly created company is set for an investment of about 100,000 euros, […]

The number of consumers looking to buy electric vehicles (EVs) has hit a global tipping point, according to the latest EY Mobility Consumer Index, which shows that 52% of respondents looking to buy a car want to buy an EV. This is the first time the number has exceeded 50%, representing a rise of 22 […]

The Kazakh-Romanian Energy Investment Fund (KREIF) has successfully closed a EUR 83m syndicated loan for financing the construction of a new cogeneration plant on the Petromidia Refinery platform. The financing banks are Banca Comerciala Romana (Romanian Commercial Bank) as mandated lead arranger, bookrunner, documentation, facility and security agent, together with Raiffeisen Bank Romania, Raiffeisen Bank […]