Romania Feed

Agroland Agribusiness (BVB: AAB), a Romanian entrepreneurial company, part of the Agroland group, specialized in the sale of inputs for conventional and organic agriculture, targets net sales of RON 47.9 million, EBITDA of RON 4.2 million and a net profit of RON 3.3 million in 2022. The company aims to become the leading supplier for […]

Stejara Pircan, Senior VP eMAG and one of the speakers at the upcoming re:FOCUS on eCommerce, Retail & Logistics, sat down with BR, prefacing the conference in an exclusive interview about the evolution of eCommerce in recent years and the prospects for 2022 and beyond.   How has the e-commerce sector in Romania evolved in 2021, the second […]

Simion Prunean, manager of Grand Hotel Italia, the five-star hotel of Cluj part of Italy’s chain Select Hotels Group, says he hopes for a better year and has budgeted 18-20% higher turnover than last year’s.

Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, is seeking spaces for new openings outside Bucharest, in Alba Iulia, Galati, Bacau, Targu-Mures and Bistrita.

Oddly enough, the restaurant of networkers, lobbyists, and EU meetings in Brussels is called London, after a place that left the EU in 2021. There are certainly other similar places in the city, but this one is right near the European Parliament, in Place de Luxembourg ("Lux", for insiders). I'm here to meet Frank Schwalba-Hoth, a former MEP, nowadays a networker.

Stanleybet Capital, a holding company that integrates and coordinates a network of sports betting agencies and slot machines, gambling halls and online gambling platforms, debuted on Friday (Feb 4) at the Bucharest Stock Exchange with its first issue of bonds worth RON20 million.

As an eCommerce business, you need to know a lot of information to gain data points for making the most optimal decisions regarding your business. However, gathering this information can be challenging and sometimes outright restricted. In this article, you will learn how to bypass these restrictions and collect data efficiently and securely using an […]

International rating agency Fitch Ratings has revised Garanti Bank S.A.’s (GBR) Outlook to Stable from Negative, while affirming the Romanian bank’s Long-Term Issuer Default Rating (IDR) at ‘BB-‘ and Viability Rating (VR) at ‘bb-‘, in line with data from the bank’s representatives.

Romania's finance ministry will be launching three new bond issues for the general population on February 7, 2022, which can be subscribed until September 24.

If you’re like most nonprofit managers, you’re always looking for ways to improve the management of your organization. But with so much to do and so little time, it can be tough to know where to start.   Fortunately, there are plenty of tips and techniques that can help you get your bearings and streamline […]

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, spiked to 3.11% a year on Friday (Feb 4) versus 3.05% a year over the last two weeks, except the level of 3.06% a year reached on Jan 26, central bank data showed Friday.

SPARK Technologies, a top European electric car-sharing company, has signed an agreement with Global Emerging Markets (GEM), a Luxembourg-based private, alternative investment group, for a 30 million euro capital commitment to be allocated towards the stock purchase guarantee for a 36-month term, when SPARK goes public.   The proceeds from this financing will be used […]

Entering the business world can be intimidating. Not only does it require constant vigilance to avoid common mistakes but also a certain level of shrewdness in order to outsmart the competition. Nevertheless, above all, building a successful business from scratch is almost impossible without extensive planning and knowledge.   Every organization needs to prepare a […]

Romanian software development company TARA Interactive, with 20 employees in Bucharest and ten in Chisinau, expects to end 2022 with a turnover of nearly RON8 million, double from over RON4 million in 2021, according to company representatives.

Thoughtworks, a global technology consultancy that integrates strategy, design, and engineering to drive digital innovation, announced that it has been selected for the first time in Brand Finance’s report of the 25 most valuable and strongest IT services brands globally.   Every year, world-leading brand valuation consultancy Brand Finance puts 5,000 of the biggest brands […]

ING transformed its Corporate Social Responsibility (CSR) department, founded in 2012, into a Sustainability department to facilitate the transition to a green economy and the development of partnerships with civil society. Over the 10 years in which the CSR department was active, together with its NGO partners, ING invested over €8 million in community, social and […]

The company Masterbuild, general contractor & developer, plans to invest EUR20 million in a logistics park of over 16,000 square meters north of Bucharest, in Butimanu – Dambovita area, with direct access to national road DN1A, according to company officials.

Techcelerator, the most active accelerator for technology startups in Romania, has selected ten startups from five countries - Bulgaria, Grecia, Romania, UK and Armenia – for the second edition of the NEXT FinTech acceleration program.

Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, projects EUR25 million turnover for 2022, up around 13% on the year, in line with ZF calculations based on company data.

Marius Vinatoru, marketing manager of International hotel of Sinaia, says 30% higher turnover has been budgeted for this year.