Romania Feed

Cattle farm Agroindaf Afumati reached turnover worth RON6.7 million in 2020, slightly higher than in 2019, and net profit of RON860,000, almost half the 2019 level, in line with Finance Ministry data.

Ionut Dumitrescu, founder of Element Industrial, and Sacha Dragic, founder of Superbet, will seal a partnership to develop the ELI Parks logistics park network . Also involved is Anca Damour, former Carrefour executive board member, with a 19-year experience in the real estate and retail sectors.

Do-it-yourself retailer Dedeman, the biggest Romanian entrepreneurial company by turnover, leads in the ranking of Southeastern Europe profits, with a net gain of almost EUR300 million in 2020, shows SEE Top 100 ranking by Seenews, a Sofia-based business news provider.

Romania ranks fifth among European Union Member States regarding the annual inflation rate, with consumer prices increasing by 5.2% in September 2021 compared to September 2020, based on the Harmonized Index of Consumer Prices (HICP), according to Eurostat data.

Hungarian low-cost airline Wizz Air carried just 3 million passengers across the entire network during the April-June 2021 period, but despite an increase compared to the same period in 2020, the load factor is below the 2019 level.

Agricost, the largest grain and oilseeds farm in Romania by cultivated land, located in the Great Braila Island, has opened in 2021 the third alfalfa processing plant. The project of the construction from scratch of the three factories rose to EUR65 million.

Business Review talked to Tolga Banyocu, General Manager at Garanti BBVA Consumer Finance, about the company’s initiative to launch green and sustainable lending products, market trends and consumer behavior of Romanians in 2021, and Garanti BBVA Consumer Finance’s medium-term plans.   What market trends and consumption behavior of Romanians did you notice in 2021? Romania’s secret to recovery after […]

Publicis Groupe CEE’s agencies won a total of 31 Drums including 5 Grand Prix and special awards including Network of the Year, #2 and #3 Agency of the Year and Creative Director of the Year for Jorg Riommi. The company’s Bucharest agency took home 14 awards (2 Grand Prix, 6 Gold, 4 Silver, and 2 Bronze) […]

Cegeka, a leading provider of IT&C solutions, has entered into a partnership with DAS Solutions from Chisinau, Moldova. The new partnership is an ‘asset deal’ in which Cegeka takes over 25 employees and 12 international customer contracts. Neither party disclosed any financial details about the acquisition.   Growth in technological expertise DAS Solutions builds and […]

Globalworth, the leader of the Romanian office market, announces that the newly refurbished lobby in its class “A” TCI office building in Bucharest is ready to host its visitors and tenants which include Mindspace, Tradeshift, Cegeka, E&Y, Hidroelectrica, Deutsche Bank and Anima.   Following the strategic positioning pillar, Globalworth – PLACE TO GROW -, the […]

Nooka Space start-up continues its expansion and announces the launch of the largest network of smart proximity offices in Romania, in Cluj Napoca.   So far, the first five such units have been installed, both in the central and peripheral areas of Cluj, in order to be easily accessible by people who need modern workspaces […]

Law firm Wolf Theiss has provided legal assistance to lender Banca Comerciala Romana (BCR) for the latter’s first issuance of senior preferential green bonds worth RON500 million, based on BCR’s Multi Issuer EMTN program.

Approximately three quarters of businesses in the financial and consumer sectors have a false sense of cyber security caused by the positive self-evaluation of their capabilities and their lack of basic defense efforts, according to the latest editions of Deloitte Cyber Surveys for the financial and consumer sectors. More than 70% of respondents ranked their […]

Every year on International Chefs Day, Nestlé runs an awareness campaign of the importance of a balanced diet and children‘s involvement in food preparation, to encourage healthy habits from early ages.   EUROSTAT statistics1 show that in Romania, 1 of 4 children is overweight or obese and only 40% of Romanians eat vegetables and fruits […]

Bento – Intellectually Curious, a Romanian entrepreneurial company specializing in developing and implementing software solutions and delivering IT and Cloud infrastructure services, announces the intention to float on the AeRO market of the Bucharest Stock Exchange (BVB). The company targets its shares, which will be available under the ticker symbol BENTO, to list on BVB […]

Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded with Societatea Enel Energie Muntenia an annex to a contract which stipulates the wholesale energy sale in the amount of RON249.5 million between January 1, 2021 and December 31, 2022.

Sustainable financial products have been booming for a while now. And there’s a good reason for that: green finance products not only offer opportunities for attractive returns but also give investors the chance to serve a higher purpose when investing, changing the economy and society for the better. Prof. Otto Randl, Academic Director of the […]

British American Tobacco (BAT) announced that it had signed up to the United Nations-backed Race to Zero campaign, committing to net zero emissions by 2050.

Startup Smart Fintech, launched two years ago by Mihaela Georgescu, Ana Maria Georgescu, Alexandru Cociu and Andrei Dumitru, marks a new premiere in Romania, becoming the first third-party provider (TPP) licensed on both open banking segments.

Schneider Electric, leader in digital transformation of energy management and automation, contributed to the modernization and equipment of the Athenee Palace Hilton hotel in Bucharest with its latest solutions for the comfort and safety of guests.   Owned by the group with 25 years of experience in the hotel industry, Ana Hotels (as majority shareholder) […]