Romania Feed

Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, posted revenue of RON2.6 billion (EUR528.5 million in 2021, as well as net profit of RON96.7 million (EUR19.7 million) and had more than 5,000 employees last year, the company said in a press release.

LIBERTY Galati, the largest integrated steel producer in Romania, has reported its strongest annual production levels since 2010, with its Blast Furnace No. 5 achieving 2.1 million tonnes of hot metal, the highest production level since its installation in 1978. The business reported a total production volume of 2.35 million tonnes in 2021, due to […]

Voxa, the first Romanian streaming platform for audiobooks and e-books, targets a new round of financing of 1 million euros for the current year. The tech start-up reached a market capitalization of 6 million euros, compared to the value of 3.9 million euros in November last year, when the company was founded.   With the […]

Tech startup Voxa, the first Romanian streaming platform for audiobooks and e-books, targets a new funding round of EUR1 million for 2022.

Airline Blue Air on Wednesday said it would launch 11 new routes in the summer of 2022 and it would also open a new base in Iasi (north-eastern Romania).

Fondul Proprietatea (FP.RO), a 20% shareholder in electricity producer Hidroelectrica, seeks to get RON1 billion (EUR200 million) in special dividends from the state-owned company's retained earnings, a move that has been common practice for the fund in recent years and one to which the Energy Ministry has agreed.

Romanian electricity supplier Electrica Furnizare, part of state-owned utility group Electrica (EL.RO), is carrying out for glass processing company Cristal Brad Service the turnkey construction project of a photovoltaic power plant, which will have an average annual energy production of 401.70 MWh.

Vlad Stanescu takes over as the position of Chief Executive Officer (CEO) of Blugento, a company based in Cluj-Napoca and specialized in providing e-commerce solutions.

British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, on Wednesday said it contributed almost RON11 billion (EUR2.2 billion) in excise and taxes to the Romanian state budget in 2021, up over 10% versus 2020.

Women representation in leadership positions recorded progress in Romania over the last years.   Romania reports progress in leadership gender balance, as the number of companies listed on the regulated market of the Bucharest Stock Exchange (BSE) with at least one woman occupying a board position increased by almost 20% since 2015 and reached 62%, […]

Liberty Galati, formerly Sidex, produced a record amount of steel products in Galati in 2021, company representatives announced.

TotalSoft, one of the most important software producers on the Romanian market, ended 2021 with a turnover of nearly EUR25 million, up over 10% from 2020, company officials said in a statement.

Rating agency Moody’s Investors Service upgraded by one notch, to A2 from A3, the rating assigned to the mortgage covered bonds issued by lender Alpha Bank Romania.

Romania's current account balance posted a deficit of EUR2.25 billion in January-February 2022, higher by 60% than EUR1.4 billion reported in the same period in 2021, central bank data showed on Wednesday (April 13).

A speaker in the All-Star | Employer Branding panel at BR’s recent Working Romania conference, Doina Filip, Head of Reward & HR Budget at Orange Romania, sat down with us after the event for another exclusive #HRSpotlight interview. Read below her answers to the 5 questions of the #HRSpotlight2022 series!   Starting with a bit of background, how […]

OX2 AB, a Swedish renewable energy company that develops, finance, and manages large-scale solar and wind projects, established an office in Romania in 2021 and is now developing a portfolio of wind power projects of 500 MW in Romania.

McCann PR has taken over the communication for Burlington English Romania, a leading company in the field of education, with a global presence in 32 countries.   Starting April, McCann PR became the communication agency of Burlington English Romania, in order to develop and implement external communication actions to support the company’s business strategy. In […]

BAT was Romania’s biggest taxpayer in 2021, with a total contribution of almost 11 billion lei (€2,2 billion) in excise and taxes to the state budget, an increase of over 10% versus 2020.   BAT is also one of the top exporters of agricultural products processed in Romania, with over 60% of the volumes produced […]

The One, Bucharest’s first premium concept of flexible spaces, reached an occupancy rate of 90%, in less than six months after its inauguration.   The One occupies the 6th floor and the last floors, 17th and 18th, of the One Tower office building. The investment exceeding 4 million Euros is under completion during this period […]

Rating agency Moody’s Investors Service upgraded by one notch, to A2 from A3, the rating of the covered bonds issued by Alpha Bank Romania.   The A2 rating reflects, among others, the high quality of Alpha Bank Romania’s mortgage portfolio, strong Romanian legal framework for covered bonds as well as the bank’s resilience and stability. […]