Romania Feed

Accor, world–leading hospitality group, announces one more addition to its portfolio in Romania – the new Mercure Alba Iulia Cetate. The new development will be the first hotel in Alba Iulia, affiliated to an international chain and will be operational in the second quarter of 2024. The hotel will work in the framework of a […]

After an investment of over 400,000 euros and 12 months development, MerchantPro, the local platform for SaaS solutions for eCommerce, launched MerchantPro Next, a new storefront dedicated to the stores on the platform. MerchantPro Next features an open system for editing HTML & CSS code and content rendering templates, a suite of preconfigured design themes […]

Joberty, an online IT job platform that connects employers and candidates in a transparent eco-system, has officially started to operate in Romania starting Tuesday (May 24).

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a pace significantly faster than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation, in line with an analysis by real estate consulting firm Colliers.

Governments around the world seek to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy, according to the 59th EY Renewable Energy Country Attractiveness Index (RECAI).

Visa and Western Union have concluded a partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and international money transfer app.

Bosch Group ended the fiscal 2021 with RON2.4 billion (EUR494 million) consolidated sales in Romania, an increase of about 10% year-on-year.

Ursus Breweries, the largest player in the Romanian beer industry, has launched the Kozel beer brand in Romania.

DRUID and Transilvania Leasing & Credit, one of the most experienced Romanian players on the local credit market, announced the implementation of a conversational artificial intelligence (AI) solution aimed at simplifying customers’ interaction with the company and improving the overall engagement experience.

Private lending in Romania grew by 15.8% in nominal terms (1.8% in real terms) to RON339 billion in April 2022 compared to April 2021, as local currency lending increased by 19.6% (5.1% in real terms) and foreign currency lending by 6.8% when expressed in lei (6.3% when expressed in euros), central bank data showed on Tuesday.

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, increased to 5.83% a year on Tuesday (May 24) from 5.79% on Monday (May 23), as per central bank data.

GTS Telecom, a provider of communication services focused on the corporate market, in 2021 posted 48% higher turnover.

Lear Corporation, a US company producing car seats and electronic systems for the automotive industry, has bought Romania’s software company Thagora Technology, founded by entrepreneur Mihai Mitrica in Iasi.

Romanian upholstered furniture producer MobilaDalin of Reghin, Mures county, a Romanian business founded by Cotoi family 27 years ago, for 2021 reported turnover worth RON50.8 million (EUR10.3 million), 25% higher than in 2020, in line with ZF calculations based on Finance Ministry data.

Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is about to finalize the contruction of its new plant, but is still awaiting machinery for the production unit.

Stationery and office equipment importer and wholesaler Dacris, held by the Fati family, wants to develop a network of hubs in major regions of Romania in a bid to optimize its wholesale activity.

Technology has made our lives incredibly easy in our modern society. Smartphones, laptops, and tablets can do just about anything you need, and just about everyone has one of these devices. On top of that, the list of people who own a deviceis growing day by day.   As much as our devices have made […]

The cloud has become an integral part of our lives. We use it for everything from storing photos and music to working on projects with colleagues worldwide. Businesses have also discovered the benefits of using the cloud, and more and more are making the switch every day. Considering it’s a flexible, scalable, and high-performing hosting […]

Discover the top 4 uses of facial recognition and how they can help your business.   Top 4 Uses of Facial Recognition in Business   Facial recognition is a technology we have seen expand into our everyday lives. We can use facial recognition to unlock our smartphones and enter buildings. Both are convenient tools that […]

Oil transmission company Conpet Ploiesti (COTE.RO), majority held by the Romanian government via the Energy Ministry, announced on the Bucharest Stock Exchange on Monday evening that shareholder Utilico Emerging Markets PLC notified it its stake had dropped below the 5% line to 4.99%.