Romania Feed

HeidelbergCement Romania, the local subsidiary of Germany’s group by the same name ended 2021 with 1% rise in revenue to some RON1.3 billion.

Cement manufacturer Romcim, previously known as CRH Ciment, posted growth of 4% in revenue to RON1.4 billion in 2021, the latest data available on the Finance Ministry website show.

Ramona Bratu, Marketing Director at ALDA Romania, the company behind the SAGA Festival, sat down with Business Review to talk about the upcoming second edition of the festival and offer an overview of ALDA’s other projects in Romania and all the backstage efforts involved in organising these events.   With the second edition of the […]

Swiss-held Holcim group, the largest construction material manufacturer in Romania via its local subsidiary, saw its revenue increase by 8% to RON1.7 billion year-on-year in 2021, Finance Ministry data show.

BCR Asigurari de Viata, part of Austria’s Vienna Insurance Group (VIG), ended 2021 with RON30.7 million profit, an increase of 2.7% on 2020 and intends to disburse RON24.8 million dividends from it, its 2021 report says.

Ford is taking the next significant step in its transformation in Europe. Effective June 1, 2022, Martin Sander becomes General Manager, Ford Model e, for Ford in Europe.   Ford Model e, Ford’s new global business unit, was introduced earlier this year as the company accelerated the transformation of its global automotive business. Martin Sander, […]

Amazon is opening the online food delivery business just as leading local firms Swiggy and Zomato cut their staff to navigate through the coronavirus outbreak and many months after Uber Eats left the country. Amazon’s entry comes at the perfect time.   Today, the e-commerce behemoth food amazon that has spent more than $6.5 billion […]

Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase in income along with the rise in interests, as well as a decline in risk costs and provisions.

Real estate developer Impact Developer & Contractor (IMP.RO) has notified its shareholders and investors of the signing of a working capital type loan agreement. Impact Developer & Contractor is the borrower, Garanti Bank is the lender and Bergamot Developments is the mortgage guarantor, according to the company’s report to the Bucharest Stock Exchange.

Kansas has legalized sports betting, so that’s where we are now! While we await the product’s commercial debut.   When the Kansas legislature agreed to SB 84 in 2022, the Kansas Lottery was expanded to include internet sports betting. With the House’s 73-49 vote on Thursday and the Senate’s 21-13 vote on Friday, the new […]

As a business owner, it’s crucial to ensure your payroll system is effective and accurate. Unfortunately, inaccurate payroll is an issue among many UK businesses. In their recent report, financial planning software specialists MHR found that between the period of 2020 and 2021, 94% of British businesses reported making mistakes with payroll. The report also […]

If you’re sniffing out the best paper writing services to save some time during your overloaded academic life, you need to kill a couple of hours to uncover the right one that suits your needs. Just like with any other product or service, opinions vary widely. Add your own background, unique topics, and academic requirements […]

There are many forex brokers out there that you might want to utilize when you first start getting into forex. Although a platform like FXList can help you find lists of brokers, it’s still up to you to figure out what broker will be right for you. Additionally, there’s not always such a thing as […]

When it comes to the stock market, there are always going to be trends. Some will be promising and others will not be so much. It can be tough to figure out which ones are worth following and which ones aren’t, but if you do your research, you can make informed decisions about which trends […]

Friday, June 3, the second edition of SAGA kicks off! The Festival brings an electrifying concept based on imagination, transformation and energy to the National Arena and its surrounding park. On 3, 4 and 5 June, festival-goers will be transported into a world of creativity and innovation. Source, the main stage, is a true spectacle, […]

Romanian authorities issued 3,956 residential building permits in April 2022, 9.9% fewer than in March 2022 and 15.5% fewer than in April 2021, data from the country’s statistics board INS showed Tuesday.

Europe’s attractiveness for foreign direct investment (FDI) started to recover following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, the latest annual EY European Attractiveness Survey shows.

Regional investment fund SIF Oltenia (SIF5.RO) has received the approval of Romania’s financial supervisory authority ASF for a public offer for purchasing shares issued by the Fund, in line with a stock market report released on Tuesday (May 31).

The Bucharest Stock Exchange on Tuesday said the shares of building material wholesaler Sipex will start trading on the AeRo market, the equity segment of the Multilateral Trading System of the Stock Exchange, on Friday (June 3), under the stock ticker SPX.

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Tuesday said it completed refurbishment works on the 220/110 kV Hasdat transformer station (Hunedoara County), following an investment of over RON60 million from own funds.