Romania Feed

Skiptrans, part of Jost Group, an international carrier located in Luxembourg and Belgium, in 2020 generated net profit worth RON29.8 million (EUR6.2 million), 84% higher than in 2019.

Cristian Rada, Blue Air stakeholder, invests in a new airline called Hello Jets, but the new business line with provide services that are complementary to those of the already existent low cost carrier, says Oana Petrescu, Blue Air CEO.

Metal roofing tile producer Brachotrapez, owned by the Polish group of the same name, is going to create 20 jobs in the wake of state-backed investments in a new plant in Baia Mare.

Luminita Runcan was elected President of the Financial Markets Association (ACI FMA), at a meeting held on September 23.

Companies expect salary increases of 5% in 2021 and 2022, with the biggest pay rises being expected in the retail sector and the carmaking industry, and going into health and life insurance under the form of benefits granted to employees, per a survey by Mercer Marsh Benefits.

Digi Communications (SNN.RO) has summoned its shareholders for November 4, 2021 in order to designate KPMG as the company’s new statutory auditor for the 2021 financial year, per the summoning note published on the stock market.

During the last year, the volume of online shopping has increased significantly, namely by 30% according to RAOS (the Romanian Association of Online Stores) due to the pandemic. Unsurprisingly, Romanians’ preference for online shopping grows consistently.     A recent study conducted by MOCAPP and Cult Research on a sample of 508 daily Internet users […]

It’s back to school for the class of 2021/22 and after a year like no other, when education systems around the world were thoroughly stress tested – there’s an air of optimism. Learning has transformed from rigid classroom-based activities to a blend of on and offline environments. Fast-tracked in response to pandemic needs, the digital […]

The humanitarian program „Solidar Social” was initiated by the Adi Hădean Association, following the path opened in 2015 through culinary and social projects designed to support the community. Since April 2020, the „Solidar Social” team has prepared over 300,000 meals, ie more than 200 tons of food, which have reached thousands of beneficiaries affected by […]

Luxembourg-based private investment fund AMC Capital IV Scsp is acquiring Romanian companies Agrinatura, Silosud, Agrifarm Aliprod, Agroservice Piatra, Independenta G&T Prest, Agrinatura Serv, Agronica and Agritac, active on the grain and oleaginous seed growing market in southern Romania.

Massimo Bettanin, Partner, EY Climate Change & Sustainability Services in CEE, will hold a keynote speech at BR’s Environmental & Sustainability Summit 2021 edition, September 28-29 at the JW Marriott Bucharest Grand Hotel. Register here for the on-site event, and join Massimo Bettanin and other top speakers at the largest Environmental and Sustainability event in Romania!   Before joining EY, Massimo Bettanin […]

Iuliana Tiba, Director, Environmental Social and Positive Impact Financing at BRD – Groupe Societe Generale, will join BR’s Environmental & Sustainability Summit 2021 edition, September 28-29 at the JW Marriott Bucharest Grand Hotel. Register here for the on-site event, and join Iuliana Tiba and other top speakers at the largest Environmental and Sustainability event in Romania!   Iuliana is responsible for […]

Anna COHEN, Head of Marketing at Hagag Development Europe tells about the importance of creating an excellent customer experience in building a strong brand loyalty.   Hagag Development Europe is one of the top players on the local market. Which are your key differentiators in such a dynamic market? The local real estate market is […]

Datanet Systems, an integrator of complex IT&C solutions and systems and a member of Slovak Soitron Group, has bought the majority stake in the company Red Dot based in Cluj-Napoca, and plans to develop its operations in Romania’s central region of Transylvania.

Adrian Huma, Director, Sector Head Automotive, Transportation & Logistics at ING Bank Romania, is set to become a speaker at BR Environmental & Sustainability Summit 2021 edition, September 28-29 at the JW Marriott Bucharest Grand Hotel. Register here for the on-site event, and join Adrian Huma and other top speakers at the largest Environmental and Sustainability event in Romania!   Adrian […]

Romanian startup Comarket, which developed a B2B market-place for companies in the hospitality industry, has attracted a new financing, in the amount of EUR150,000, and is in talks for an additional investment of EUR150,000.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.65% a year on Friday (Sept 24), after stagnating at the 1.61% threshold for seven sessions.

The average net salary in Romania increased by 7.7% to 3,217 lei (EUR650) in 2020 compared with 2019, data from the country's statistics board showed Friday.

The Romanian government in the first half of 2021 approved state aid for 20 projects set to create 2,000 jobs. The total value of 2021 projects nears EUR300 million, while overall state aid tops EUR120 million. Thus, the government provides 40% of total needed money, with various weights along investments.

With almost EUR90 million earmarked for investments, MedLife, leader of Romania’s private healthcare services market, will go beyond the EUR300 million threshold in terms of turnover this year.