Romania Feed

Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Friday.

International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative outlook and Viability Rating (VR) at 'bb-', per data on the agency’s website.

Agroland Business System, a company that owns the most extended chain of farming product stores in Romania, held by businessman Horia Cardos, has summoned the extraordinary general meeting of shareholders to approve the transformation of Agroland Agribusiness from a limited liability company into a joint-stock company, per a stock market report.

Norway’s VARD Group, one of the major global designers and shipbuilders of specialized vessels, will integrate the shipyards in Braila and Tulcea into a single administrative entity, starting June 30, 2021.

Romania’s private medical services market reported an increase of 18% in turnover on the year to nearly RON14 billion in 2019, and a surge of nearly 330% compared with 2010, per a Keysfin survey.

In a comprehensive report on trends in e-commerce noticed throughout 2020, www.glami.ro the first online fashion search engine in Romania, identified AI (artificial intelligence) as one of the main triggers for fashion e-commerce  innovation in 2021. More than ever before, e-shops are willing to invest in machine learning and AI tools meant to cut losses […]

Digital Stack, the division of the Informal School of IT group, destined for the alternative education segment in the B2B sphere, relies on a return of companies’ investments in staff training in the context in which companies used only 20 % of the amounts they budgeted, focusing strictly on IT and digitization courses related to […]

The new definition of the relevant geographical market considered by the Romanian Competition Council might have a significant impact on the future acquisitions / consolidations on the Romanian pharma retail market. By Silviu Vasile (Senior Associate, Filip & Company)   At the end of 2020, the Romanian Competition Council published its perspective on the amendment of […]

The Globalworth Foundation inaugurates the first Hi-Tech Centre for future architects, within the “Ion Mincu” University of Architecture and Urbanism, Bucharest. Through this modernization and endowment project, with a value of up to 240,000 euros, the foundation aims to bring the prestigious university to a competitive European level from all perspectives: research, design and education. […]

Retailer Profi, held by investment fund Mid Europa Partners, opened Thursday in western city of Timisoara, the first two pilot stores called ProfiGo, which combine the functionalities of a proximity store with those of a convenience store.

The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5% of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, reveals Colliers in its latest […]

Romania's finance ministry on Wednesday raised EUR936 million from the local market, versus its EUR200 million target, selling a new issue of treasury bonds maturing in August 2026 at an average yield of 0.65%, central bank data showed.

Romania's finance ministry on Thursday raised 936 million lei (EUR192 million), versus its RON200 million target, selling a new issue of treasury bonds maturing in August 2026 at an average yield of 0.65%, central bank data showed.

Romania's finance ministry on Wednesday raised EUR309.7 million from the local market selling treasury bonds maturing in December 2023 at an average yield of 0.09%, central bank data showed.

Romania's finance ministry on Thursday raised 309.7 million lei (EUR63.5 million) selling treasury bonds maturing in December 2023 at an average yield of 0.09%, central bank data showed.

The Logiscool Romania programming school, leader in edu-tech programs for children starting the age of 7, digitalizes and automates its activity with the help of intelligent software robots through a technological partnership with the Romanian startup Tailent. The Robotic Process Automation (RPA) technology developed by Tailent allows Logiscool to streamline a wide range of operational […]

Romania’s insurance market reached a volume of underwritten gross premiums of RON11.5 billion in 2020, up 5% compared with 2019, according to Romania’s Financial Supervisory Authority (ASF).

By shifting their focus from digital transformation to digital maturity, managers can discover a few benefits for their organization. Digital maturity is a gradual process that evolves across the organization over time.   By Nicu Enache, Senior Digital Marketing Consultant at Grapefruit   What is digital maturity? Digital maturity isn’t just about a business’s reaction […]

MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, seeks to buy two plots of land located in Bucharest for EUR1.35 million.

Romania's gross domestic product is forecast to grow by 3.8% in real terms in 2021 and by 4% in 2022, the European Commission said in its Winter 2021 Economic Forecast released Thursday.