Romania Feed

Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Monday said it ended the first nine months of 2021 with a net profit of RON22.9 million, up 20% on the year, and a turnover of RON235.8 million, up 10% on the year, per calculations by Ziarul Financiar (ZF) based on data from IAR’s quarterly financial report.

Possible increases in public spending are currently unsustainable and impossible to cover from budget revenues and will end up in an increased level of public debt, more need for loans from the financial markets and the risk of ad hoc fiscal measures, with unpredictable effects.

Impact Developer & Contractor (IMP.RO), the real estate developer controlled by entrepreneur Gheorghe Iaciu, made RON110 million revenue of from the sale of real estate properties in the first nine months of 2021, down 19% compared with the same period last year, while net profit decreased by 43% to RON7.5 million.

Romanian aluminum processor Alumil Rom Industry (ALU.RO) on Monday said it ended the first nine months of 2021 with a net profit of RON5.08 million, up 127.9% on the year, and sales revenue of RON67.2 million, up 32% on the year, per calculations by Ziarul Financiar based on data from the company’s quarterly report.

Online retailer and manufacturer of mobile phones and gadgets iHUNT (HUNT.RO) on Monday reported a turnover of RON34 million for the first nine months of 2021, up 28% on the year, and a net profit of RON5.1 million, up 32% from the first nine months of 2020.

The engineering division of Porsche Romania is expanding its network of innovation centers for developing intelligent connected vehicles by opening its new office in the United Business Center (UBC) 0 office building in Iulius Town Timișoara in 2022. The world class company will occupy an area of 2,100 sqm, and the team will develop automotive […]

Globalworth Foundation and Igloo – Habitat and Architecture Association launch the international competition “2031 NOW_our cities in 10 years” dedicated to students in architecture, city planning and design from Poland and Romania. By expressing a future vision within a project until January 20, 2022, the winning participants will be rewarded prizes worth €11,000, as well […]

Nearly three-quarters (73%) of companies are concerned about the way labor and skills shortage will influence their business strategy within the next 12 months, slightly higher than the share of those which are concerned about the pandemic evolution, such as future COVID-19 variants (70%), according to the latest CEO survey conducted by Deloitte and Fortune […]

One United Properties (BVB: ONE), one of the leading green developers of residential, mixed-use and office real estate in Romania, posts a record turnover of 627.7 million lei in the first nine months of 2021, an 87% increase compared to the same period of 2020. After closing Q3 2021, the best quarter in the company’s […]

Impact Developer & Contractor (stock symbol IMP), the first real estate developer listed on the Bucharest Stock Exchange, recorded a 51% increase in the number of contracted housing units in the first 9 months of the year, compared to the same period last year. Thus, pre-sales and reservations were concluded for 379 housing units, with […]

The software development hub of ING Group is getting ready to enter a new IT market in Romania, by opening an office in Cluj-Napoca (north-western Romania) in the coming period.

For the joy of thousands of children in our country, in Negrești, Neamț, began the construction of the only theme park dedicated to Santa, entitled as simple as possible, “Santa’s Village”. And the best news is that it will be open all year!     An original project, inspired by the stories of an old […]

Dental and maxillofacial imaging chain DigiRay, founded by doctor Cristian Pop in Zalau in 2011 and acquired in 2020 by investment fund Black Sea Fund, has acquired the Dental Scan clinics in Bucharest and thus entered the Bucharest market with two other units.

E-mobility, self-driving and artificial intelligence software developer Porsche Engineering Romania has signed a lease with Iulius Group for 2,100 square meters of office space in the United Business Center building of the mixed-use project Iulius Town Timisoara.

Small business owners regularly make the following mistake. Assuming AI tools are solely the domain of larger corporations. Realistically, nothing could be further from the truth. Because small business owners, unlike large companies, are often unable to afford full-time HR and customer care representatives, while corporations can. Here’s where AI tools change the game for […]

Fabrica de Lapte Brasov, the producer of the Olympus dairy products, has invested EUR139 million in the plant in Halchiu, Brasov County, so far, in the decade since opening it, the company officials say.

Shelter or housing is one of the three primary needs that help a man to sustain in this world. However, as civilizations began to evolve so did the type of shelters as well. What started as mere settlements in the prehistoric era is now an industry worth billions and is now known as real estate […]

Dr. Fischer Dental, which operates on the Romanian dental technique market and is held by Doctor Antoaneta Fischer, on Monday announced its intention to list on the AeRO market of the Bucharest Stock Exchange in January 2022.

Romanian state-owned hydropower producer Hidroelectrica on Monday reported record results for the first nine months of 2021 against the backdrop of a 48% increase in the average electricity sale price and an 18% higher amount of electricity sold.

Consumer behaviour has changed dramatically as a result of the pandemic. While shopping at the store used to be the norm, today stores are rather empty of customers and sometimes even of products due to the exponential growth of online commerce. This change has forced all companies, and not just those in retail, to find […]