Romania Feed

The four-star Zenith Hotel in the Black Sea resort of Mamaia expects a better summer season in 2022 than last year’s, when it was close to the reference year 2019.

Romania's finance ministry raised EUR245 million on Monday (May 2), below the planned level of RON300 million, selling bonds maturing in 2027, at an annual average yield of 6.93%.

Credit Europe Bank Romania on Monday said it ended 2021 with a net profit of RON70 million, compared to loss of RON17 million in 2020.

ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, has signed a contract for a full (100%) takeover of Dial, a Romanian company with over 20 years of experience in manufacturing wire products, such as fence panels.

The European Commission has approved a EUR1.9 million Romanian aid measure to compensate Tarom for the damage suffered on 14 routes due to the coronavirus pandemic and travel restrictions between July 1 – December 31, 2020.

The bonds issued by the Municipality of Bucharest through the City Hall of Bucharest (PMB) are now traded on the Main Market of the Bucharest Stock Exchange.

Romania's foreign exchange reserves increased by EUR358 million in April 2022 versus March 2022, to EUR40.5 billion, central bank data showed Monday.

The Dr. Leahu dental clinic network, listed on the AeRO market of the Bucharest Stock Exchange, invested RON18.8 million in 2021 to expand its business along with the opening of five new dental centers in the Romanian cities and towns of Bucharest, Ploiesti, Galati, Cluj and Craiova.

Green Group, a group of firms active in the recycling sector and majority owned by investment fund Abris Capital Partners, has recently contracted a multi-jurisdiction financing of EUR127 million from a syndicate of banks made up of Banca Comerciala Romana (BCR), ING Bank, OTP Bank Romania, Raiffeisen Bank and UniCredit Bank.

Teads, the Global Media Platform, announced financial results and shared operating highlights for the Fiscal Year ended December 31, 2021. Teads reported revenue of $678 million for FY 2021, representing growth of 25% year-over-year.   Jeremy Arditi, co-CEO of Teads, commented: “Teads delivered a strong financial performance and continued to innovate and advance new advertising […]

Sweden’s Medicover, one of the largest providers of private medical services in Romania, has fully acquired Laurus Medical, a network specializing in proctology and phlebology healthcare services, according to Medicover officials.

“In recent years it has become clear how technology can improve the employee experience, but also the relationship between employee and employer,” says Ionuț Gherle, CEO of UCMS by AROBS, who participated in March at the most important HR conference in Romania, Working Romania, moderated by Anda Sebeși, editor-in-chief of Business Review magazine. During the conference, […]

The campaign promoted by Enel and aimed at the people working in the Group in support of UNHCR (the UN Refugee Agency) and Save the Children has just concluded. Through the initiative, the two organizations have collected a total of one million euros, comprised of voluntary Enel staff donations alongside a contribution from Enel Cuore. […]

New car registrations in Romania increased by 23.42% to a total 8,469 units in April 2022 versus April 2021, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed Monday.

Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening a new store, within Bucharest-based AFI Cotroceni shopping center.

Inheriting a large sum of money can be a very humbling experience. After all, someone cared about you and your well-being so much that they decided to make you an inheritor. This person trusted you to make the best use of their money – to make it count. As such, it would be a shame […]

Are you still searching for the right trading platform? Most of the traders have shared their grievances when it comes to the platform. If the trading platform is not the best suited, it will result in a debacle. Tradereview is one such platform that is won the confidence of traders all across the world. With […]

In a new exclusive opinion article for Business Review, Sorina Faier, Managing Partner at Elite Searchers, writes about the main 10 differences between managers and leaders.   Managers set goals, leaders create vision Managers pay more attention to details. They focus on planning, budgeting and controlling, and stand with both feet on the ground. Leaders know […]

ROCA Industry, ROCA Investments holding from the building materials sector, signed the contract for an integral (100%) takeover of Dial, a company having over 20 years’ experience in manufacturing wire products, such as fence panels.   By this transaction, which is now being assessed for authorization by the Competition Council, the succession of the Romanian […]

Oveit, ticketing and cashless payments company headquartered in Austin TX, USA, has concluded a partnership with Romanian deep-tech startup Humans.ai, for the development of artificial intelligence powered NFTs for live stream shopping.