Romania Feed
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ZF English - 11:33 Feb 17, 2023
CEC Bank, the bank with the longest history in the financial-banking market in Romania, which started to operate in 1864, is listing on Friday (Feb 17), the first two bonds issued and denominated in RON and EUR, totalling over RON650 million, on the Main Market of the Bucharest Stock Exchange. -
ZF English - 08:41 Feb 17, 2023
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, has acquired a 44,863-sqm land plot located at Soseaua Progresului 56-80, in district 5, Bucharest, for EUR35 million, for a new mixed-use development, One Cotroceni Towers. -
ZF English - 08:23 Feb 17, 2023
German carmaker Daimler, which owns Star Assembly company of Sebes, Romania’s third largest exporter, has started construction works for a new electric drive unit assembly plant, an almost EUR140 million investment. -
ZF English - 08:11 Feb 17, 2023
Local startup Druid, founded in 2018 by local entrepreneur Liviu Dragan, plans to raise new funding this year, worth around EUR20 million, and is already in talks with investment funds of the US and Europe. -
ZF English - 08:03 Feb 17, 2023
Roofing manufacturer Caretta increased its number of employees by around 55% in 2022 and intends to expand its team further this year. -
ZF English - 07:55 Feb 17, 2023
Hospital and medical center network Arcadia, the biggest healthcare operator in Moldavia, a family business developed 15 years ago by Fiterman family, has expansion plans, inclusively through a takeover in Bucharest. -
ZF English - 22:00 Feb 16, 2023
Burger King will resume expansion in Romania via a new franchisee, Rex Concepts CEE, which hired Cristian Turculet as head of operations for Romania, to do that. -
ZF English - 20:51 Feb 16, 2023
The general and life insurance market reached a gross written premium volume of RON16.5 billion, preliminary data show, which does not include the gross written premiums of those insurers operating in Romania via the freedom to provide services (FOS) and freedom of establishment (FOE) rights, preliminary official data show. -
ZF English - 20:14 Feb 16, 2023
Romania's finance ministry raised RON1.02 billion on Thursday (February 16, 2023) through two government bond issues, at annual average yields of 6.96% and 7.65%. -
ZF English - 20:13 Feb 16, 2023
With an annual production of 60,000 tons, Romania is the largest producer of walnuts in Europe, ahead of Greece, France and Spain, Eurostat data show. Some of the production is exported, so the leading edible fruit exporters include three businesses that grow or sell walnuts. -
ZF English - 20:05 Feb 16, 2023
Romania's land market remained active in 2022, maintaining trends seen in the past couple of years which marked the best levels since 2007, but dropped by around 45% in volume of deals closed, reaching almost EUR450 million, as per the 2022 Annual Report released by Colliers. -
ZF English - 19:21 Feb 16, 2023
Luxury jewelry chain Teilor, which owns 65 physical stores in Romania and in countries across the region, plus online operations, has appointed Anda Jurca to the position of commercial & product director. -
ZF English - 18:38 Feb 16, 2023
Electrical equipment distributor Promelek XXI in Cluj-Napoca, part of the Spanish group Elektra, posted about RON200 million (EUR40.5 million) revenue in 2022, up 33% from the RON150 million (EUR30.5 million) of 2021. -
ZF English - 17:48 Feb 16, 2023
Agricover, a significant player in the Romanian agribusiness sector, has appointed Bogdan Dimcea to the position of Chief Executive Officer (CEO) of Agricover Distribution SA. -
ZF English - 17:30 Feb 16, 2023
The European Commission has approved, under EU State aid rules, a Romanian scheme worth EUR259 million, within the Recovery and Resilience Facility (RRF), which is geared towards supporting investments in the production, assembly and recycling of batteries, of photovoltaic cells and panels. -
ZF English - 17:11 Feb 16, 2023
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has extended the mandate of Dan Niculaie-Faranga as interim Chief Financial Officer (CFO) of the company for another four months. -
ZF English - 16:53 Feb 16, 2023
Orange, leader of the Romanian telecom market, on Thursday (Feb 16) said it registered a turnover of EUR1.57 billion in 2022, down 2.6% compared to 2021. -
ZF English - 16:09 Feb 16, 2023
Binance cryptocurrency exchange platform plans to increase the number of employees at its technology hub in Iasi, opened in September 2022. -
ZF English - 15:31 Feb 16, 2023
On the occasion of the 10th edition of the now traditional event in the Romanian capital market the Bucharest Stock Exchange has granted today 17 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2022. -
ZF English - 15:19 Feb 16, 2023
Romania must implement the European Fair Minimum Wage by 2024. The provisions of the European Directive and its impact on Romanians are included in an analysis by Claudia Sofianu, Partner, Income Tax and Social Contributions leader, and Dan Raut, Manager, Income Tax and Social Contributions, EY Romania