Romania Feed

SoftServe, a technology company and specializing in consultancy services and software development, has opened a new office in Romania’s capital city of Bucharest, as part of its strategy to expand global delivery capabilities.

Distributie Energie Electrica Romania, the electricity distribution subsidiary of Electrica Group, has an investment plan of RON689 million for 2022, for the modernization and development of the electricity distribution system.

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The Bucharest Stock Exchange on Wednesday said the shares of Chromosome Dynamics will start trading on the AeRO market, the equity segment of the Multilateral Trading System, under the stock ticker CHRD, on Thursday, May 5.

The Elisabeta Palace Evening was celebrated on Tuesday, May 3rd, event dedicated to the International Festival EUROPAfest in the presence of His Royal Highness Prince Radu. The event on Kiseleff Road was attended by Mr. Luigi Gageos, the director of the festival, and a series of business representatives.   The last two years marked a […]

Romanian video game developer Amber on Wednesday said it ended 2021 with a turnover of RON126.8 million (USD$30.5 million), up 56% versus 2020.

In April 2022, KPMG published its Global Economic Outlook report, based on expert analysis by economists from throughout the KPMG network of member firms. At a time when economic forecasting has become more challenging, the report aims to offer a degree of guidance which can help businesses, governments and individuals to navigate the uncertainties ahead. […]

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, has increased to 5.10% a year on Wednesday (May 4) from 5.07% on Tuesday (May 3), as per central bank data.

Stay Fit Gym, the second largest chain of gyms in Romania by the number of fitness centers opened, on Wednesday announced the full takeover of two fitness centers held by Gym District in the town of Pitesti.

Instant Factoring, the Romanian fintech specializing in microfinancing for small and medium companies, launches a sector study on the challenges faced by the road freight transport industry in Romania, caused by two consecutive crises, the pandemic and the military conflict in Eastern Europe and their economic impact. According to Romanian entrepreneurs in the field, financing […]

Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision this evening. Asian turnover is being further muted by a long week of holidays this week. Mainland China, Japan, Malaysia, Indonesia, and Thailand are on closed today. […]

The “Kickoff” for the realisation of the Floating Storage and Regasification Unit (FSRU) of Liquefied Natural Gas (LNG) in Alexandroupolis by Gastrade SA was formally given in a special ceremony that took place in the old Storage House of the Alexandroupolis Port Customs on Tuesday, May 3, 2022. The Prime Minister of Greece, Kyriakos Mitsotakis, […]

The Ministry of European Investments and Projects (MIPE) has published on 29 April the draft GEO for POC 4.1.2, a new non-reimbursable funding axis for working capital in the agri-food sector, with a total allocated budget of around EUR 300 million.   The objective of the scheme is to support SMEs in the context of […]

Retail sales, the most important barometer for private consumption, went up by 5.5% in unadjusted data year-over-year in the first three months of 2022 amid rising sales of car fuel in specialized stores (+9.8%), of non-food items (+7%) and food items, beverages and tobacco (+1.7%), in line with data from the country’s statistics board (INS).

A company of Brasov, founded in 2013 by two brothers, Tudor and Alexandru Iliescu, which has become, with its Mondly brand, a global leader on foreign language learning app market, has been acquired by British giant Pearson, the global leader of the learning services market.

DP World, one of the world’s biggest port operators, is set to invest $15 million in an intermodal terminal in Decea, near Aiud, which will connect the central area of Romania to Constanta harbour.

Romanian businessmen Manole Gheorghe and Vasile Domente are virtually turning Moldavia into Romania’s new wind power pole.

The shareholders of river shipping company Transport Trade Services (TTS) approved the Management Board’s proposal related to the distribution of RON17.8 million worth of dividends.

Craiova-based Softronic, the only manufacturer of electric multiple units and locomotives in Eastern Europe, ended the first quarter of 2022 with of growth of 52% on the year-ago period, the company officials said.

Real estate developer Impact Developer & Contractor (IMP.RO) has signed two general contractor agreements worth EUR10.48 million plus VAT or more than 10% of the net revenue in the last financial statement, the company said in a notification to the Bucharest Stock Exchange.