Romania Feed

Travel agency Eturia ended 2021 with a 35% increase in sales volume compared to 2019, to about EUR15 million. The tour operator has reintroduced to its portfolio of offers for 2022 destinations that were partially or totally closed in the last two years, such as Cuba, Thailand, Sri Lanka, Mauritius, USA, Argentina, Jamaica and Bali.

New consumer and mortgage loans taken by consumers from banks, in lei and euros, accelerated in 2021 to a 15-year high, after declining in 2020, the first year of the COVID-19 pandemic, Romania’s central bank data show.

Romania’s Finance Ministry plans to raise RON5.2 billion on the domestic market in February 2022, of which RON4.6 million from banks, to which the amount of RON630 million can be added from the allocations of additional sessions of non-competitive offers organized exclusively for benchmark-type instruments.

Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in Campina (Prahova County), on Thursday (Feb 3), reaching a 113-unit network on the local market.

Germany’s retailer Kaufland is opening a hypermarket in Turnu Magurele (Teleorman County), reaching a total 149 hypermarkets in Romania.

Impact Developer & Contractor received the maximum rating from the Romanian Investors Relations Association (ARIR) based on the evaluation of the VEKTOR index. This indicator of communication performance for 2021 was awarded based on a strict methodology that analyzes 15 criteria of transparency, accessibility and information swiftness provided to investors.   “The VEKTOR index assesses […]

The Romanian Senate adopted on Wednesday (February 2) a legislative proposal aimed at simplifying the taxation of capital market investors, but the Chamber of Deputies is decider on the matter.

The Bucharest Stock Exchange on Wednesday said the bonds issued by Stanleybet Capital, in the amount of RON20 million, will start trading on the Multilateral Trading System, under the ticker SBET24, on Friday (February 4).

OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, has announced a 75% surge in the number of clients who carried out banking transactions using the Internet Banking service in the pandemic period 2020-2021, compared to 2019.

Forex robots are created to assist traders. To make the process simpler, less time-consuming, and automated, traders pick and purchase these systems. Otherwise known as expert advisers or EAs, forex robots use algorithms and require programming to do their work.   What are Forex Robots and How They Work Some traders create their strategy to […]

Trading is a big part of the European lifestyle. As a result, people tend to search for the best brokers to make their trading journeys easier and more profitable for them. In this guide, we are going to talk about the best five forex brokers in Europe. So if you want to know all about […]

Machine Learning helps us find innovative approaches to solving today’s problems. Speaking of Web Development, we can definitely note the significant influence of Machine Learning on it   The role of innovative progress for developers In the search for unique and creative solutions to the tasks at hand, developers are struggling to get answers. Given […]

Implementing an enterprise resource planning (ERP) system is one of the most challenging projects your business can ever take on. An ERP touches all aspects of your business operations and may likely change how your employees do their jobs, making it a massive undertaking.   If you want to ensure a successful ERP implementation, there […]

The truth is that it’s not easy for businesses to expand into new markets. Every year some of the biggest and most successful companies make big announcements about launching their products in some new international market. This is a source of constant excitement for small businesses as they watch these huge corporations expand into new […]

Notino, one of the largest online retailers of perfumes and cosmetics, outperformed itself by setting a new record of 737 million euros (3.6 billion RON) in annual turnover, registering an increase of 35%, compared to the previous year. Romania’s share in the total turnover is 8% putting it among the top 5 best-performing countries for […]

Are you in a dilemma about whether or not to outsource your production needs? Many medical business owners have embraced outsourcing their manufacturing needs. This article will enlighten you on how seeking these managed services will help grow your business. Read on!   Outsourcing ensures growth by:   Availing Capital   Deciding to manufacture your […]

The leading European renewable energy developer Green Genius plans to build over 500 MW Solar PV capacity in Romania by 2025 to generate green and clean energy in the country. According to Green Genius representatives, the company aims to invest about EUR 450 million in this project, through which, by producing and selling green energy, […]

ESX, the largest network of gyms and sports centers in Romania, open to any individual, has reached the business target of 1 million euros for last year and estimates a 4-fold increase in business up to 4 million euros this year, an accelerated growth that has remained at the same level for the last three […]

AROBS Transilvania Software (AROBS.RO), a Romanian IT company that provides software services and solutions, wants to increase its share capital by RON45.5 million up to RON91 million, by incorporating the issuance premium.

Real estate consultancy company Colliers has promoted Oana Stamatin to the position of ESG (Environmental, Social and Governance) Chief Officer in Central and Eastern Europe (CEE), now including Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia.