Romania Feed

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, grew to 3.29% a year on Wednesday (Feb 9) versus 3.22% a year on Tuesday (Feb 8), central bank data showed Wednesday.

Energy company OMV Petrom has an investment budget of nearly RON4 billion for 2022, significantly higher than RON2.8 billion in 2021.

Romanian-held cryptocurrency investment and digital asset management company Tradesilvania has recruited Mihaela Dragoiu, a former director with Romania’s National Office for Prevention and Control of Money Laundering, to supervise its regulation and legal compliance department.

CBRE, the global leader of real estate consultancy market, secured for The 11 Entertainment Group, the owner of Cyberjump concept, their very first location in Romania, in a high traffic and family destination retail center located in the Eastern part of Bucharest that in couple of months will include among its variety of amenities like […]

PayPoint, the main operator of cash payments and electronic top-up through retail points in Romania, announces the acquisition of the 24pay application, the digital payment solution for public transport with the largest expansion nationwide, owned by PTP Online. Thus, PayPoint completes its portfolio of services available to consumers and diversifies the range of digital solutions, […]

BAT is proud to announce that it has been named a Global Top Employer for the fifth year running by the Top Employers Institute.    BAT is one of just 11 companies to receive Global Top Employer certification for 2022, which is based on an extensive review of employer practices across six HR domains and […]

Romania's trade balance posted a record deficit of EUR23.69 billion in 2021, higher by EUR5.3 billion compared with 2020, data from the country's statistics board INS showed Wednesday.

euShipments, one of the most experienced providers and integrators of courier and fulfillment services in Eastern Europe and the leader of the fulfillment market in Bulgaria, expands its presence on the Romanian market, as part of a strategic investment of several million euro, aimed at accelerating its international expansion.   This year, the company estimates […]

Sortilemn (based in Gherla), one of the most important local suppliers of Sweden’s IKEA group, controlled by Austrian Michael Brandhuber, has budgeted about EUR43 million revenue for this year, up 15% on last year, the company said.

Caretta, a manufacturer of metal tile roofing, metal fencing systems and industrial hall elements, wants to open new showrooms in 2022, despite fears of further increases in raw material prices.

Airline Blue Air on Tuesday said it would resume seasonal regular flights from Cluj-Napoca to Constanta starting June 20, 2022.

Real estate developer One United Properties (ONE.RO) on Tuesday (Feb 8) completed the acquisition of a majority stake in the company Bucur Obor, the owner of shopping center Bucur Obor.

KooKoo Grocery, an online store engrossed in fast delivery from its own warehouses, in one or two hours, in Bucharest and Ilfov County, has raised EUR500,000 in a pre-seed funding round from Blueberry Muffin and an operating leasing of EUR250,000 from Autonom Inchiriere Echipament, as per a statement from company officials.

In the last few years, native ads have continued to gain popularity, mainly due to higher engagement compared to other advertising formats. Consumers tend to look at native ads 53% more often than they do display ads. Engagement as well with native content is found to be on par with regular editorial content engagement. By […]

Schneider Electric, the leader in the digital transformation of energy management and automation, has earned its place in the top ranks of Corporate Knights’ annual Global 100 list of most sustainable corporations for the 11th time. The Canadian media and research company examines over 6,900 companies worldwide every year to determine the top 1% most sustainable […]

Cluj Business Campus becomes the first office project to implement the Bright Spaces solution in Cluj, Romania. Through this partnership, the most complex business campus in Cluj-Napoca can be visited digitally, in a 3D environment, 24/7, on leasing.cbcampus.ro.   Cluj Business Campus offers 28.000 sqm of available premium office spaces, in 3 seven-floored buildings. Besides […]

Following the success of the first phase of construction of Bonton Luxury Villas, which is 65% sold, the developer City Garden is starting work on the second phase of the project located in the Pipera area. The new development phase will complete the luxury complex with 30 spacious villas, optionally equipped with elevator, with access […]

Local educational software producer Ascendia (ASC.RO) switched to a net profit of RON2.2 million in 2021, compared to a loss of RON751,186 in 2020.

The Economist Impact Events and its exclusive representative, Hazlis & Rivas, in partnership with Oxygen, announces the ROMANIAN BUSINESS & INVESTMENT ROUNDTABLE Conference, titled “Is there ground for sustainable optimism?”, to take place on March 29th, 2022, in Bucharest. American technology entrepreneur and former Obama CTO Harper Reed and John Bruton, former Irish Prime Minister […]

Lofty Pets, a pet grooming business founded by Andreea Darbouli and Elena Negrila in 2015, reported a turnover of EUR200,000 at end-2021, up nearly 35% on the year, and for 2022, it eyes a turnover of almost EUR300,000, company officials said in a statement.