Romania Feed

The latest EY Mobility Consumer Index shows that 52% of respondents looking to buy a car plan to buy an electric vehicle (EV); it is the first time the number has exceeded 50%, representing an increase of 22% percentage points in just two years.

Capital city of Bucharest registered 13,537 jobless people (of whom 7,163 women) at the end of April 2022, taking the unemployment rate to 1.10%, data from the Bucharest Municipal Employment Agency showed Friday.

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, advanced to 5.95% a year on Friday (May 27) from 5.93% on Thursday (May 26), as per central bank data.

Returning to the office and defining the future working style has changed employees’ perceptions of their office. Romanians want offices where they have options for networking and interacting both at work and in their free time, a trend that is increasingly visible around the world. Thus, for 77% of Romanian employees, the ideal office should […]

The Romanian entrepreneur, Eugen Saulea, founder of ESSA Group, is investing in a new field – digital inventory – and announces the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman Petr Adámek. The first phase of the newly created company is set for an investment of about 100,000 euros, […]

The number of consumers looking to buy electric vehicles (EVs) has hit a global tipping point, according to the latest EY Mobility Consumer Index, which shows that 52% of respondents looking to buy a car want to buy an EV. This is the first time the number has exceeded 50%, representing a rise of 22 […]

The Kazakh-Romanian Energy Investment Fund (KREIF) has successfully closed a EUR 83m syndicated loan for financing the construction of a new cogeneration plant on the Petromidia Refinery platform. The financing banks are Banca Comerciala Romana (Romanian Commercial Bank) as mandated lead arranger, bookrunner, documentation, facility and security agent, together with Raiffeisen Bank Romania, Raiffeisen Bank […]

The first Romanian single malt whisky, produced at the Alexandrion Saber 1789 Distilleries, was presented to the audience for the first time abroad, but also on Romanian land, at the residence of H.E. the Romanian Ambassador to the USA, only a month before the celebration of 25 years of strategic partnership between Romania and the […]

The European Reconstruction and Development Bank (EBRD) has recently announced it’s expanding its presence in Romania by opening a new regional office in Cluj-Napoca, the country’s second largest city.

Greek company Entersoft, a major player on the business software solutions markets of Greece and southeastern Europe, has acquired the majority stake in BITSoftware, a renowned supplier of business software solutions in Romania.

German building materials producer Hasit, part of Fixit group, reached RON76M Turnover in 2021, 18% higher year-on-year.

RTG Solar Energy, a project company owned by Nidik Holdings Limited of Cyprus, has obtained a technical approval to connect a 70.4 MW solar park of Giurgiu to the network.

Staer International, a company that controls several Staer-branded stores, ended 2021 with turnover worth RON89.2 million (EUR18.1 million), up 2.5% year-on-year, in line with ZF calculations based on Finance Ministry data.

Romanian home deco chain Delta Studio is readying to develop its second housing project and targets the luxury segment with 30 houses in Corbeanca, Ilfov county, in an investment put at over EUR5.6 million, explained Dragos Bonea, a stakeholder and general manager in the company.

Teletext, owner of Diami dairy brand, controlled by entrepreneur Mitru Crisan, expects turnover to hit EUR18 million this year, from EUR16 million in 2021.

Technology company AROBS Transilvania Software, listed on the AeRO segment of the Bucharest Stock Exchange as AROBS, posted revenue of RON52.6 million in the first three months of the year, 33% higher than in the same period last year.

Philip Morris Romania exports stood at EUR718 million in 2021, seven times higher than in 2016 and 90% of the vaping products and cigarettes made in Otopeni are exported to 50 countries, the company officials said.

Romania's finance ministry raised RON615 million on Thursday (May 26), selling bonds maturing in 2034, at an annual average yield of 7.95%.

German Bosch group, which has more than 8,000 employees in Romania, plans to boost its local workforce by at least 400 people.

Chemical producer Chimcomplex (CRC.RO), with industrial platforms in Onesti and Ramnicu Valcea, has bought 2,138 shares, respectively 94.4% of the share capital of Sistemplast Ramnicu Valcea.