Romania Feed

Romania’s general consolidated budget posted almost RON9.51 billion deficit in the first two months of 2022, 25% lower than the RON12.76 billion in the year-ago period, the Finance Ministry announced on Friday.

Impact Developer & Contractor (IMP.RO), one of Romania's largest residential developers, has included on the agenda of its Ordinary General Meeting of Shareholders and Extraordinary General Meeting of Shareholders (April 28) the approval of an additional stock option plan compensation, according to a report from the Bucharest Stock Exchange.

Deloitte Romania and Reff & Associates | Deloitte Legal assisted, via two different multidisciplinary teams, both the sellers and the buyer in the acquisition of the first e-money institution licensed in Romania, Capital Financial Services, which operates under the Twispay brand, by Elrond Network, the blockchain company founded in 2018 in Sibiu by Beniamin Mincu, […]

An International Charity Concert-Marathon aimed at supporting Ukraine and named Save Ukraine – #StopWar will be happening on the basis of TVP, a Polish TV channel, on Sunday, 27 March, at 17:30 CET (18:30 Kiev time) and will take place in Warsaw.   Among the key messages of the project are #StopWarInUkraine, #StandWithUkraine. Musicians, artists, […]

Local startup easySales, which set up a B2B platform for automating and centralizing e-commerce activities, has entered the Hungarian market and is integrating DHL Express services as well as global marketplaces such as eBay USA and eBay Poland.

French group Orange has a long-term plan for Romania’s market and is poised to step up local investments to keep its leading position on the segment of mobile telephony and also gain ground in the area of fixed services, according to the representatives of the group’s top management team and local subsidiary, six months after the completion of Telekom Fix acquisition, an almost EUR300 million deal.

Cosmin Ghita, digital and innovation director at Distributie Oltenia, part of CEZ Romania group, the electricity distributor to which the largest number of prosumers in Romania are now connected, says he expects the company to reach 7,000 prosumers in its distribution area and 45-50,000 countrywide by yearend.

Targu-Mures-based private hospital Nova Vita, one of the largest private hospitals in Romania, with 170 beds, in 2021 posted EUR6.5 million turnover, 15% higher than in 2020.

Construction material manufacturer TeraPlast Bistrita (TRP.RO) is summoning its shareholders on April 28 to approve the distribution of dividends in the amount of RON32.7 million, respectively a gross dividend of RON0.015 per share, from the profits corresponding to the second, third and fourth quarters of 2021, in line with the summoning note published by the Bucharest Stock Exchange.

Fast moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) is summoning its shareholders on April 29, 2022 to approve, among others, the distribution of a gross dividend of RON0.0442 per share, as per the summoning note published by the Bucharest Stock Exchange.

The conflict in Ukraine is impacting the way Romanian companies, especially those involved in international trade, do business during this period, with the number of firms resorting to risk management services being on the rise, according to iBanFirst representatives.

The Board of Directors of Romanian aluminum processor Alumil Rom Industry (ALU.RO) is summoning its shareholders on April 27, 2022 to approve the distribution of a gross dividend of RON0.192 per share, in line with a stock market report released on Thursday by the Bucharest Stock Exchange.

Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, has budgeted restaurant sales of over EUR266 million for 2022, higher by 33% than in 2021, of which 27% is estimated to be generated by the delivery channel, in line with a stock market report released on Thursday.

ABN Systems International, an entrepreneurial company that distributes IT&C products and accessories and owns the Tellur brand, proposes its shareholders a dividend of RON0.105 per share and the distribution of 13 free shares for each ten shares held.

Lender ING Bank Romania participates in 2022 too in the IMM Invest program whereby small and mid-sized enterprises (SMEs) can access state-guaranteed loans for investments or working capital.

BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange, is summoning its shareholders on April 26, 2022 to approve the distribution of 5% of its 2021 net profit, respectively RON1.1 million, to set up the legal reserve, distribute dividends by approving a gross dividend of RON0.0211 per share and allocate the difference as retained result.

Phishing scams are among the top two malicious cyber activities being conducted on the internet. The first, and by far the most nefarious, is ransomware attacks. Phishing, however, is much less dangerous to human life and critical systems directly, but is very good at harvesting credentials and duping naive victims. There is a very logical […]

Supercars are the automotive elite, a special caste that simple crossovers cannot keep up with. Elite sports cars start quickly, pick up speed instantly, are easy to drive and extremely attractive, but they are also expensive cars, so they are available only to the most successful and wealthy citizens who are able to give hundreds […]

For the past two years, Brandocracy, the branding and strategic marketing consultancy platform, has tripled its revenue. Founded in 2017 by Anca Rarau, the consultancy platform has closed the financial year of 2021 with a revenue of 1,3 million lei. The new projects that were added to the platform’s portfolio last year count for a […]

IMMOFINANZ, one of the leading companies in the local real estate market, announces the launch of the successful mycowork, a myhive flexible office product offering customized workspaces for all types of companies in Romania. Internationally, the mycowork concept was first implemented in Vienna in 2020 and rolled out successfully in several European cities. The first […]