Romania Feed

Omniasig, the biggest company part of Austria’s Vienna Insurance Group (VIG), in the first three months of 2022 posted a gross underwritten premium volume of over RON500 million, 40% more than in the same period of last year, according to information provided by the company’s representatives.

Farmaciile Medimfarm, one of the largest regional networks in pharm retail, ended 2021 with RON137 million turnover, up 7% from 2020.

Drug maker Infomed Fluids, with a production unit in Bucharest, ended 2021 with RON137.7 million, up 6% year-on-year.

In the first quarter of 2022, a little more than 70,000 square meters of new modern office spaces were delivered in Bucharest, driving the total amount to almost 3.3 million square meters.

Thermal-insulating panel producer Topanel of Ramnicu Valcea, controlled by a Cyprus company, reached RON336.1 million turnover in 2021, up 73% from the previous year.

2021 was the best of the past five years for Romania’s M&A market in terms of the number of sealed deals.

When you are renting a house or an apartment, you need appropriate insurance to cover your belongings. You should know that your landlord’s property insurance specifically covers the building and excludes the tenant’s possessions. However, a renter’s insurance is designed to cover tenants should anything happen to their belongings. Here are four reasons why you […]

When you run a small business you have a lot of responsibility to keep it afloat and manage your finances responsibly. Luckily, there are some simple but highly effective measures you can take to ensure that you are managing your small business’ money the best way you can. Through clever budgeting, you can manage costs […]

The Board of Romania’s central bank is not that optimistic about the trend of the inflation, which will continue to remain extremely high until June 2023. The latest data show inflation will reach 12.5% in December and 12.4% in June 2023, much higher than the 9.6% and 5% previously forecast.

CEC Bank posted RON54.2 million net profit in the first quarter of 2022, as well as RON50.4 billion assets, an increase of 19% on the year-ago period, higher than the overall banking system’s increase of 11.9%.

Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, posts a turnover of 9.7 million lei in Q1 2022, an 57% increase compared to the same period last year and a net profit of 0.29 million lei, an 137% appreciation compared to the loss of 0.77 […]

Canon and their partners presented, in an unconventional way, Canon’s cutting-edge solutions for hybrid working.   As part of the Canon CEE Hybrid Working Roadshow, which includes stops in Croatia, Slovenia, Bulgaria, and Greece, the Canon Truck Show was in Timişoara and Bucharest for a few days. Canon and its partners showcased efficient working solutions […]

The first quarter of 2022 saw a delivery of a bit over 70,000 square meters in new modern office spaces in Bucharest, taking the overall stock closer to 3.3 million square meters.   Despite the new uncertainties, caused by the pandemic, the shocks in the global economy and the Russian invasion in Ukraine, companies active […]

The Council of Europe today issued a set of guidelines to its 46 member states aimed at preventing and combating hate speech, both online and offline. In a Recommendation adopted during its annual session held in Turin, the Council of Europe Committee of Ministers calls on governments to develop comprehensive strategies to prevent and fight hate speech, including […]

Banks are reducing their decades-long reliance on legacy mainframe technology and planning to move a significant portion of their core business functions to the cloud to launch new products quickly and remain competitive, according to a new research report from Accenture. Titled “The great cloud mainframe migration: what banks need to know,” the research is based on […]

Russia’s invasion of Ukraine is the third asymmetric global shock following the 2008 financial crisis and the COVID-19 pandemic, which may shrivel the global economy’s recovery path, says GlobalData. The leading data and analytics company notes that supply chain disruption, rising price levels and an uneven vaccination drive were the major risk factors globally in […]

Initiative Romania is the new media agency that, starting with May, will provide strategy, research, planning, and offline media buying services for Avon Romania, one of the most famous brands in the beauty industry.   The partnership resulted following a regional pitch held in 11 countries, with a local decision in each market. The selection […]

Square 7 Properties announces it has acquired a 30,000 sqm land in Medias, Aurel Vlaicu area, where they have begun authorizing procedures for a new retail park. The development will be carried out as a single investor.   “We have over 15 years of expertise in the development of retail projects, which we continue to […]

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 5.71% a year on Friday (May 20) from 5.62% on Thursday (May 19), as per central bank data.

Square 7 Properties, a company that develops and manages retail parks, owned by Austrian businessman Clemens Petschnikar, has announced the acquisition of a 30,000-sqm land plot in Medias, where it has started authorization procedures for a new retail project.