Romania Feed

Romanian startup Flip.ro, a marketplace for the purchase and sale of refurbished mobile telephones, has raised a new funding round worth EUR6.5 million from eMAG Ventures – an investment fund created by giant online retailer eMAG, company representatives said in a statement.

Almost half of Romanians would like to buy a hybrid or electric vehicle (46%) in order to lower fuel costs and to protect the environment, according to Deloitte 2022 Global Automotive Consumer Study conducted across 25 countries around the world, including Romania.

The Board of Directors of Romania’s central bank has established a Payments Committee.

Following a year’s worth of upgrading the office projects within the portfolio of approximately 300,000 sqm GLA in Romania, AFI Europe Romania is now announcing the completion of the refurbishment of all public areas within its AFI Lakeview office building, as an investment of approximately EUR 2 million.   The introduction of the newly updated […]

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 5.79% a year on Monday (May 23) from 5.71% on Friday (May 20), as per central bank data.

Nooka Space, the startup that designed the world’s first network of proximity offices, ranked first at the regional Startup World Cup 2022, which took place in Cluj Napoca, Romania, from 18th to 20th of  May. The Startup World Cup competition, now at its first edition in Romania, took place during the Innowave Summit 2022 event, […]

Wolf Theiss law firm welcomes Dana Toma as Counsel and Coordinator of the Bucharest Real Estate practice team and Ana-Maria Mustăţea as Associate. They will focus on further developing the local Real-Estate practice, aligned with these successful practices in Romania and other Wolf Theiss jurisdictions.   Dana Toma brings significant experience, with 20 years as […]

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 […]