Romania Feed

2022 started with a positive signal for the hotel sector, with 277 accommodation unit construction sites being already underway by February 14, in line with data provided by IBC Focus, which operates a database about Romania’s constructions market.

Almost 700 construction companies in Romania entered insolvency or bankruptcy in 2021, in line with Trade Registry data.

Craiova-based Softronic, Eastern Europe’s only factory producing electric frames and locomotives, ended 2021 with turnover worth EUR25-26 million and for 2022 expects to reach EUR30 million turnover amid newly signed contracts, according to the company’s officials.

Arctic sales in Romania increased by around 5% in 2021, after a difficult 4Q, in the red.

The Bucharest Stock Exchange on Friday said the shares of Dr. Fisher Dental, which operates on the Romanian dental technology market, would start trading on the AeRO market, the equity segment of the Multilateral Trading System, on Tuesday (Feb 22), under the stock ticker DENT.

Auto parts manufacturer Altur Slatina (ALT.RO), listed on the Main Market of the Bucharest Stock Exchange, on Friday informed its shareholders of the conclusion of two loan contracts with Adrian Andrici, a significant shareholder of the company, as per a stock market report.

House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe, as per a report by Social Monitor ordered by real estate developer Nordis Group.

High-Tech Systems & Software (Htss), specialized in providing business software services, ended 2021 with a turnover of EUR27.7 million, up nearly 15% on the year, and targets over EUR33 million in turnover in 2022, company officials said in a statement.

EY Romania continues to consolidate its financial advisory practice by appointing Iulia Bratu as Associate Partner within its Strategy and Transactions Department.

BR’s recent re:FOCUS on eCommerce, Retail & Logistics, held on February 10, 2022, at the Courtyard by Marriott Bucharest Floreasca, featured 3 engaging panels in which leading retailers, couriers, logistics and commercial developers, and eCommerce major players shared valuable insights, best practices, challenges and opportunities of their respective industries. However, the closing panel of the […]

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, soared to 3.57% a year on Friday (Feb 18, 2022) from 3.56% a year on Thursday (Feb 17), in line with central bank data.

INOX Magurele, one of the most important Romanian producers of stainless steel products and accessories, listed on Friday (Feb 18) its first bond issue worth EUR1 million, under the stock ticker INOX24E.

Romanian startup company Hyperhuman, which developed a digital platform for fitness professionals for video content creation and monetization, is readying the launch of an investment campaign on SeedBlink, a local crowdfunding platform for Romanian IT startups.

Allianz Group, present on the Romanian market through insurance company Allianz-Ţiriac, ended 2021 with total revenue of EUR148.5 billion, up 5.7% on the year, reaching an operating profit of EUR13.4 billion, up 24.6% from 2021, in line with data from Allianz representatives.

Philip Morris International (PMI) is committed, globally to delivering a smoke-free future and replacing cigarettes with better alternatives and Romania sits at the center of this strategy to deliver through its Otopeni factory, according to company representatives. The Romanian factory is one of the most important global production facilities for consumables for smoke-free alternatives. Digital […]

More than 200 skiers from the entire world will participate in two of the biggest alpine ski competitions organized in our country. FIS Children Trophy and FIS Race – two races registered on the official calendar of International Ski Federation (FIS).   More precisely, between 1-3 March 2022, the FIS Children Trophy competition, which is […]

EY Romania further consolidates its financial advisory practice by naming Iulia Bratu as Associate Partner within the Strategy and Transactions department. Iulia Bratu will coordinate the Lead Advisory practice, with responsibility for both M&A and capital & debt advisory.      Iulia Bratu is one of the most appreciated M&A consultants in Romania, having over 17 […]

Agroland Agribusiness (BVB: AAB), a Romanian entrepreneurial company, part of the Agroland group, specialized in the sale of inputs for conventional and organic agriculture, posts operating income of RON 32.3 million for 2021, 75% higher compared to 2020, EBITDA of RON 2.7 million, an appreciation of 83% compared to 2020 and a net profit of […]

The last two years have been one of the most challenging ones in recent history, with companies having to adapt and be very resilient and strong in order to survive a never-before seen situation. With no means to compare it to anything else.  Still, 2021 proved to be good for the marcomm Romanian industry, for […]

The last two years have been one of the most challenging ones in recent history, with companies having to adapt and be very resilient and strong in order to survive a never-before-seen situation. With no means to compare it to anything else.  Still, 2021 proved to be good for the Romanian marcomm industry, especially for […]