Romania Feed

Gross wages in private companies in Romania are expected to increase by an average of 8.11% in 2022, after rising by 8.94% in 2020, according to PayWell 2021 survey on salaries and benefits conducted by PwC Romania.

Romania manufactured 315.115 vehicles in the first nine months of 2021, data from the country's carmakers association ACAROM showed Monday.

Software solutions provider Life is Hard (LIH) has signed an EU financing contract which targets investments in developing the 24Broker brokerage platform. Investments are based on big data and are worth a total RON14.8 million, of which RON10.1 million is non-reimbursable funding, per data from the company’s representatives.

The Bucharest Stock Exchange on Monday launched the first index for the AeRO market, called BET AeRO, which includes representative companies from this market.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, started the week of October 11-15 slightly higher at 2.11% a year on Monday (October 11), from 2.10% on Friday (October 8).

Romania's trade balance posted a deficit of EUR14.6 billion in January-August 2021, higher by EUR3 billion compared with the first eight months of 2020, data from the country's statistics board showed Monday.

Real estate group Maurer, with projects underway in Brasov, Constanta, Cluj, Mures and Sighisoara, has borrowed RON136 million from CEC Bank and Libra Bank to support its expansion strategy on the domestic housing market.

Romania's gross domestic product (GDP) grew 13.9% in real terms (in unadjusted data) in the second quarter of 2021 compared with the second quarter of 2020, data from the country’s statistics board showed Monday.

Over the last five years, German-held retailer Lidl has facilitated exports worth above EUR164 million for Romanian products towards European markets, with the retailer collaborating with 400 suppliers on the local market.

Romania's gross domestic product (GDP) grew 4.2% in real terms in 2019 compared with 2018, final data from the country's statistics board INS confirmed Monday.

Dumagas, one of the largest freight carriers in Romania, controlled by investment fund Bancroft, estimates it will end 2021 with turnover worth EUR32 million from EUR42 million last year, according to the company’s head.

Italian fashion group Prada, a major player in the luxury industry, is building a new, 11,000-sqm, plant in Romania, due to be finalized next year.

Paper producer Pehart Tec Grup, controlled by private equity fund Abris Capital, posted net profit worth RON79.3 million (EUR16.5 million), triple the 2019 figure.

Dental clinic chain Dr. Leahu plans to list on the Bucharest Stock Exchange (BSE) after hitting targets included in the agreement sealed with private equity fund Morphosis Capital that entered the company’s shareholding structure last year, said Ionut Leahu, CEO and founder of the network.

With the current state of technology, there is no reason why education should be confined to the passive learning model. SIT Alemira’s new innovative learning solutions, offer an efficient, all-in-one complete digital ecosystem for education, learning, and science.   SIT Alemira consists of an AI-powered authoring platform, adaptive content from renowned scientists, a platform for collaborative […]

Kinderpedia, a digital communication and management solution for schools and kindergartens, raised EUR1.8 million in a funding round led by Early Game Ventures (EGV), with the participation of existing investors, namely, RocaX, Growceanu and business angels.

The Bucharest Stock Exchange on Friday announced that the RON2 million worth bonds issued by the Polish company Aforti Holding will start trading on the Multilateral Trading System (MTS) on Tuesday (October 12), under the stock exchange symbol AFH25.

Romania's finance ministry raised RON723 million (EUR146.1 million) between October 4 and 8, 2021 after selling bonds at average yields of 2.49% and 3.86%, respectively.

Any company or business has intricacies that they must fulfill to be considered stable and prosperous. However, most of the effort comes from the reputation of the workplace. Especially in a medical health service, this reputation can be hard to maintain, and it will demand a lot of work and attention from the workers.   […]

Endava, the British software company with over 3000 employees in Romania, of which over 1000 in Bucharest, has opened its new offices in the U-Center complex located on Calea Șerban Vodă, near Parcul Tineretului in the capital. The official opening was held in the presence of the company’s CEO, who announced revenues of £446.6 million […]