Romania Feed

FrieslandCampina Romania, one of Romania’s largest dairy producers, on Thursday inaugurated a new production line for the yellow cheese under the Napolact brand, at its factory in Cluj-Napoca, following an investment of approximately EUR3 million.

Restart Energy, one of the largest independent energy suppliers on the Romanian market, on Thursday said it signed a contract worth over EUR500,000 with sportswear manufacturer Cottontex.

The digital transformation of tax administrations and new regulations that place an increasing emphasis on the transparency of tax reporting are driving companies around the world to implement Next Generation Enterprise Resource Planning (NextGen ERP) solutions, and 24% of them already use such systems, while 86% are in the process of implementing them, in line with Deloitte Tax Transformation Trends – Technology in Focus study.

2Performant (2P.RO), the main player on the Romanian affiliate marketing market, on Thursday said it registered a turnover of RON8.4 million in the first quarter of 2022, up 53% on the year, and a loss of RON1 million versus RON1.7 million as initially projected.

Corina Popescu, the chief executive officer of Romania’s largest electricity distributor and supplier Electrica Group, has been replaced, market sources say, without providing a definite name.

Restart Energy, one of the largest independent electricity suppliers on the local market, announces the signing of a contract worth over 500,000 euros with Cottontex, for the installation of voltaic photo generators with a combined power of 700 kWp.   The project involves the installation of 1556 photovoltaic panels, on an area of ​​5,000 square […]

Rising inflation, which accompanied the economic recovery after pandemic shutdowns, has undermined confidence in the Western economies, with central banks acting timidly out of fear of stifling growth and waiting to see if inflation was transitory. But this week, the US Fed moved more decisively, aiming to slow runaway prices and restore confidence in the […]

SoftServe, a leading global tech company with Ukrainian roots is entering a new talent region. The company has opened a new office in Bucharest, Romania, as part of its strategy to extend global delivery capabilities and plans to hire 350+ associates by the end of 2022.    SoftServe is one of the largest IT companies […]

Romanian state-owned military equipment supplier Romarm and its subsidiary Electromecanica Ploiesti have signed a memorandum with U.S.-based defence contractor Raytheon Missiles & Defense to start manufacturing SkyCeptor interceptor missiles for Patriot air defense systems, said the economy ministry.

2Performant (BVB: 2P), a technology company and leader in the Romanian affiliate marketing market, posts a turnover of 8.4 million lei in the first quarter of 2022, up 53% compared to the same period last year. The registered loss’s net result was lower than the estimated one, 1 million lei against 1.7 million lei.   […]

More than two months after the start of the war in Ukraine, of Russia’s invasion of Ukraine on 24 February, prospects for a rapid resolution of the war seem increasingly unlikely. As sanctions against Russia continue to pile up, a return to the pre-war situation seems illusory, even in the event of an early end […]

The shareholders of EVERGENT Investments, a company listed on the Bucharest Stock Exchange under the ticker EVER, by a large majority approved all the proposals on the agenda of the Extraordinary and Ordinary General Meetings.   The main resolutions were the approval of a dividend with a yield of 5.39% with a gross value of […]

Cargus announces the appointment of Olivier Van Houtte as CEO of the courier company. With 20 years of experience in leadership positions in international companies in  Europe and the USA, such as GE, DuPont or Johnson & Johnson, Olivier Van Houtte has been involved with professionalism in major restructuring, integration and transformation projects.  His expertise […]

Real estate developer Raiffeisen Property Holding International (RPHI), owner of SkyTower, the tallest office building in Romania, announces the completion of a new strategic investment in the local office market.   After a year of renovation and reconversion works, SkyTower inaugurates exclusive facilities in Romania for the business community: the multifunctional SkyHub Events Centre featuring […]

Mazars, the international audit, tax and advisory firm, launches the third edition of its annual Responsible banking practices benchmark study. The global study assesses the sustainability practices of 37 of the world’s largest banks1 based across all continents.   The 2021 report shows that most banks assessed have demonstrated an interest in sustainability and have already advanced significantly in their sustainability journey by implementing relevant frameworks. […]

The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, thus creating the premises for a new record year in terms of demand for this type of spaces, according to the Cushman & Wakefield Echinox […]

New registrations of road vehicles for passenger transport decreased by 10% in Romania in the first quarter of 2022 compared to the first quarter of 2021, data from the country’s statistics board INS showed Thursday (May 5).

MedLife Medical System on Thursday (May 5) announced in a stock market report that it completed the acquisition of OncoCard Hospital in the central city of Brasov following its approval by the Competition Council.

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, has increased to 5.16% a year on Thursday (May 5) from 5.10% on Wednesday (May 4), as per central bank data.

BRD Group on Thursday said it ended the first quarter of 2022 with total revenues of RON810 million, up 7.5% on the year, and a net profit of RON263 million, up 18% from the year-earlier period, in line with the financial report released on Thursday (May 5).