Romania Feed

Romania's finance ministry will be launching four new bond issues for the general population, under the Fidelis program, which can be subscribed between March 17, 2022 and April 1, 2022.

Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government decided in its Wednesday's meeting.

Romania's current account balance posted a deficit of EUR815 million in January 2022, compared to a surplus of EUR9 million in January 2021, central bank data showed Wednesday.

Since the beginning of the ongoing Russian-Ukrainian conflict, the world’s attention has been focused on the situation in Ukraine and the economic sanctions imposed on Russia. Opinions are divided and attitudes seem to vary depending on a variety of factors. How Romanians see this conflict and its repercussions, we find out from Leo Burnett analysis […]

Voxa, the first Romanian streaming platform for audiobooks and e-books, recorded significant growth in the corporate sector, exceeding 10% of the business within 4 months of launch of the tech start-up. The company is aiming for corporate sector to represent 30% of the business by the end of the year. Voxa estimates a turnover of […]

Revolut, the global financial superapp with over 18 million customers worldwide, is offering payment services to all refugees, regardless of nationality, fleeing Ukraine following the Russian invasion. To ensure individuals displaced by the invasion have quick and easy access to their money, Revolut has eased many of the requirements needed to set up an account […]

Confident Communications is the new public relations agency for Thoughtworks in Romania. Founded in Chicago more than 28 years ago, Thoughtworks is a global technology consulting company with over 10,000 employees that is revolutionizing software design and delivery.   Thoughtworks is constantly building new technologies for its partners around the world to provide them with […]

Dental clinic chain Dr. Leahu has concluded a partnership with the Monza Oncology Hospital within Bucharest-based Enayati Medical City for the integrated approach of patients with oral cancer, from diagnosis to curing and to post-surgery treatments.

Barings, one of the world’s leading investment managers, today announced that it entered into an agreement with MassMutual Romania Global Business Services (MassMutual Romania) to attract talent in Romania. Both companies are subsidiaries of Massachusetts Mutual Life Insurance Company (MassMutual).   This new recruitment partnership follows the opening of MassMutual Romania in 2020 and its […]

Fewer than half of the companies in the European Union are familiar with the Green Deal, and only 49% consider themselves prepared for the measures it involves, according to the European Green Deal Survey, conducted by PwC.

Bento – Intellectual Curious (2B Intelligent Soft), a Romanian entrepreneurial company founded in 2004, specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, debuted on Wednesday, March 16, on the AeRO market of the Bucharest Stock Exchange, under the BENTO stock ticker.

American company Barings, a leading global investment management firm, has concluded an agreement with MassMutual Romania Global Business Services in order to set up a team of employees in Romania, who will work on a range of strategic projects carried out by Barings.

Metaminds, an integrator of cybersecurity solutions and complex IT solutions, with offices in Bucharest and Ploiesti and 40 employees at present, plans to raise funding in 2022 to support its regional expansion objectives.

East Grain, a grain trader controlled by several entrepreneurs of Romania and Hungary, has budgeted EUR2.8 million investments for 2022, with EUR1.3 million for own truck fleet and EUR1.5 million for purchases of new warehousing bases and for the expansion and retooling of the existent silo network.

Octavian Lazar, a stakeholder in hotel complex Caro Hotels of northern Bucharest, says the company needs workforce as it hasn’t prepared for the current demand increase and it will bring 15 employees from Sri Lanka.

Transport and logistics company Ignite Logistic, based in Sibiu, ended last year with RON40 million revenue, up from the RON35.6 million in 2020, its officials said. It expects revenue to increase by 20% this year, as a result of its new contracts.

Romania’s Competition Council greenlighted a total of 81 transactions in 2021, a record number for the last 15 years. By comparison, the second-best year was 2008 (the last economic boom year before the financial crisis), with a total of 75 approved deals.

US Burger King group, one of the most famous fast-food chains in the world, has stopped development of operations on the Romanian market, where the brand was present by franchising.

Netherlands-based high-tech consultancy firm TMC has made its first acquisition outside the country – a Romanian consultancy company based in capital city Bucharest.