Romania Feed

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 exceeded the 5% threshold for the first time, climbing to 5.01% on Monday (May 2, 2022), as per central bank data.

New week, new month, new #HRSpotlight! Kicking off May, Business Review sat down with Nevenca Doca, Senior Executive Human Resources Director at Banca Transilvania, for another installment of the established interview series dedicated to the #futureofwork!   Starting with a bit of background, how was 2021 from an HR perspective and what were the most important actions […]

Bad Habits becomes Strongbow®’s digital communications agency and launches a strong partnership, based on strategy and innovation, in which the brand will explore new platforms and communicate through extensive projects, thus accelerating the online presence of the strongest cider brand in Romania.   Following a pitch organized at the beginning of 2022, Bad Habits had […]

Oveit, ticketing and cashless payments company headquartered in Austin TX, USA, has partnered with Romanian deep-tech startup Humans.ai, for the development of artificial intelligence powered NFTs for live stream shopping.   The partnership is the next step forward, as part of the company’s strategy to move towards Web 3.0 and the Metaverse by incorporating experiential […]

AROBS Transilvania Software, a tech company listed on the Bucharest Stock Exchange under the AROBS ticker, targets RON197.3 million, RON54.9 million EBITDA and net profit worth RON47.3 million at end-2022.

The shareholders of Banca Transilvania (TLV), among which Pillar II pension funds, regional investment funds, the EBRD, approved the distribution of RON800 million from 2021 profit under the form of dividends, the equivalent of a 5.2% return, as well as a RON765 million share capital hike via the granting of free stock.

Romania’s unemployment rate was flat on the month at 5.7% in March 2022, data from the country’s statistics institute INS shows on Monday (May 2).

Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, got the ok from Romania’s National Defense Council (CSAT) to sell and install 5G networks in Romania.

Hotel company Tusnad, which manages two accommodation units in Tusnad resort, doubled its revenues last year, to around RON11 million, from RON5 million in 2020.

Italian-held Maschio Gaspardo, which produces farm machinery in Romania in the plant of Chisineu-Cris of Arad county, expects to generate EUR70 million turnover in 2022, after having lifted production capacity by 20% last year, according to Mirco Maschio, chairman of Maschio Gaspardo group.

Investing in indices trading is crucial for the traders to diversify their trading portfolio and understand the overall market sentiment. So, if you are looking for investing in indices trading, the best trading to start your journey is CAPLITA. This internationally respected trading platform offers you an outstanding environment for trading by providing essential technical […]

For a beginner, trading can be really interesting. It’s also a lucrative way to earn some real quick cash. Considering that there is a very quick return on investment, trading has been taken up by a lot of people. Yet only 1% of the traders are successful.   But what is even more interesting is […]

Have you always wanted to be the next Conor McGregor or Anderson Silva? Mixed martial arts (MMA) is the full contact sport that has been around for centuries but has grown in popularity in the last few decades.   If you feel like you’re ready to get in the cage but don’t know where to […]

Austin, Texas, is attracting VC firms, tech giants, and a slew of professionals from different American cities. This is pushing the demand for commercial and residential real estate in Austin.   In early 2021, the Austin Chambers of Commerce published a report that stated that the city lost 33,400 jobs in 2020 in the aftermath […]

Multi-platinum selling artist and heavyweight producer, DJ and songwriter Calvin Harris is coming to Romania for an exclusive headline show presented by SAGA Festival and electronic music event pioneers, ALDA.   After having dominated headline slots over the years at the world’s biggest festivals, Calvin will be performing in Mamaia, Romania for the first time […]

Romania’s Energy Ministry, as majority shareholder and Fondul Proprietatea as shareholder (20%) of Hidroelectrica approved payment of RON3.8 billion dividends by the country’s largest electricity producer, on April 28.

Agricover Group, the leader of the agribusiness market in Romania, ended 2021 with RON1.71 billion revenue, an increase of 50% year-on-year, as a result of an increase in market shares, it said in a release. Consolidated revenue stood at RON1.13 billion in 2020.

Romanian maker of parts for gas turbines and aircraft Turbomecanica (TBM.RO) has approved distribution of RON10.1 million dividends, the company said in a report to the Bucharest stock Exchange.

Erste Group, which owns Romanian lender Banca Comerciala Romana, on Friday published a report on the economy of the Central and Eastern European countries, in which it revised its forecast for Romania’s economic growth to 2.8% of the GDP.

ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, which serves as an umbrella for various Romanian construction material manufacturers, announced the acquisition wire product manufacturer Dial in Harsova in its entirety in a EUR14 million deal.