Romania Feed

Romania's finance ministry on Monday raised 537 million lei (EUR108.7 million), selling bonds maturing in 2034, at an average annual yield of 6.21%, central bank data showed.

Kinderpedia, the communication and management platform for kindergartens and schools created in 2014 by Evelina Necula and Daniel Rogoz, has signed a partnership with Maple Bear Global Schools, the largest global Canadian bilingual education franchise network, for the integration of all educational, operational and financial activities in a single digital platform.

An integrated team of transaction professionals of PwC Romania and D&B David si Baias, the law firm affiliated to PwC in Romania, have provided assistance to Italy’s Beltrame Group in the transaction for the acquisition of the functional production assets of insolvent special steel plant (COS) Targoviste.

Investing in precious metals is a fantastic way for novices and individuals with little expertise to enter the market. Apart from buying jewelry, fancy watches, and perhaps coins, many people are unaware of the numerous investment possibilities available for these metals. Silver, gold, platinum, and palladium have been used as investments for millennia. Indeed, they […]

Recently entered on the Romanian fast-casual market, Submarine Burger announces business plans for 2022. The first point of selling in Romania was opened on the principle of dark kitchens, having the products available only through Glovo, for a pilot period.   The Croatian chain of burgers, currently present in Zagreb, Rijeka, Split and Zadar, already […]

Shareholders of state-owned utility group Electrica (EL.RO) decided in their general meeting of March 21 to approve a total ceiling of short-term financing in the amount of RON1.5 billion that can be contracted in 2022, which will be used for the current activity of its electricity supply branch Electrica Furnizare.

Based on historical growth, women will occupy less than a third (28%) of the leadership roles in the financial services companies by 2030, according to the latest edition of Deloitte report ”Leadership, representation and gender equity in financial services”.   This projection shows that the number of women leaders will slowly grow by 4% in […]

Lemon Office Design, the office division of Lemon Interior Design, announces a partnership with Superbet for the design concept and arrangement of the company`s offices at One Cotroceni Park. The largest sports betting operator announced earlier last year the relocation of its headquarters to the One Cotroceni Park office building, where it will occupy a […]

The digital arm of Grup Feroviar Român (GFR) has launched Synopsis, an application that integrates a large part of the systems developed and implemented so far by GFR, in order to provide real-time operational perspectives and thus support the decision-making process.   The system centralizes several types of essential information for railway operators, already transposed […]

Maple Bear Global Schools, the largest global Canadian bilingual education franchise network, joined hands with Kinderpedia, the complete communication and school management software and app.   The partnership will offer the Maple Bear kindergartens and schools worldwide one unique operating system to integrate all their operational, financial, and educational activities and needs. Kinderpedia integrates tailored […]

Cargus continues to develop the national Ship & Go network and is dedicated to every aspect of e-commerce in Romania. The innovative system of delivery and collection points, together with the complex of services available to customers and end recipients, makes deliveries increasingly simple and satisfying for all buyers.     By connecting online stores […]

Romanian startup Frisbo, which runs an e-fulfilment platform for the collection, packing and delivery of online orders, on Monday announced the expansion of its operations to the UK, Spain, Italy and Austria in the first quarter of 2022, thus facilitating the logistics of European online stores that want to sell on these markets.

MedLife, the leader of the Romanian private medical services market, on Monday announced the increase of its shareholding in two subsidiaries of the group, Genesys and Almina.

The teams of contractors of Delgaz Grid, the natural gas and electricity distribution company in Romania of German utility group E.ON, started the implementation of the project for the modernization of the electricity distribution infrastructure at Stanilesti and Murgeni stations.

The shares of Sphera Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, were included in the FTSE Global Micro Cap index.

Five new Bucharest Stock Exchange listed companies are included as of Monday (March 21, 2022) in the FTSE Russell index series dedicated to Emerging Markets: MedLife (M), Purcari Wineries (WINE), Conpet (COTE), IMPACT Developer & Contractor (IMP) and Sphera Franchise Group (SFG).

Based on historical growth, women will occupy less than a third (28%) of the leadership roles in the financial services companies by 2030, according to the latest edition of Deloitte report “Leadership, representation and gender equity in financial services”.

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, advanced to 4.49% a year on Monday (March 21, 2022) from 4.39% a year on Friday (March 18), in line with central bank data.

The profitability of Romanian state-run and private companies, exclusively the ones in the financial sector, has improved in 2020, but the financial results were decisively impacted by the massive economic support measures adopted by the state, in line with an analysis by the Fiscal Council.

Lemon Office Design, the office fit-up division of the company Lemon Interior Design, will be fitting up the Superbet offices within the One Cotroceni Park project developed by One United Properties in Bucharest’s Cotrocenia area.