Romania Feed

The November 2021 issue of Business Review Magazine is now available in digital format, featuring the main story titled “Vodafone Brings Digitalization Closer to SMEs” with Mihnea Radulescu, Business Unit Director at Vodafone Romania. Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a […]

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 magazine. The top challenges to organizations’ talent and workforce goals, as rated by the surveyed CEOs, are attracting and recruiting talent (57%), designing a post-pandemic workplace (53%), retaining talent (51%) and building a diverse, equitable and inclusive workforce (43%).

Romania ranks 27th among 27 EU Member States in the overall ranking of the European Commission's 2021 Digital Economy and Society Index (DESI) released on Friday (Nov 12).

The European Investment Bank (EIB) will provide financing worth EUR305 million for the construction of a new Regional Hospital in Cluj, of a total cost of the project estimated at over EUR500 million.

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) said Friday in its financial report that it ended the first nine months of 2021 with a net profit of RON18.93 million, up 90.5% from the same period in 2020, and a turnover of RON160 million, up 13.8% on the year.

Euroins Romania, which remained leader on the civil liability car insurance (RCA) segment after the recent collapse of City Insurance, continues the strategy of reducing its exposure in the RCA sector, seeing a 5% increase in RCA policies up to 4.2 million in the first nine months of 2021.

Antibiotice Iasi (ATB.RO), the largest Romanian-owned pharmaceutical company, on Friday notified the Bucharest Stock Exchange that regional investment fund SIF Oltenia (SIF5.RO) bought 1.5 million shares at a price of RON0.57 each on Thursday, November 11.

CTP, the largest developer and manager of industrial and logistics space in Romania, has concluded a five-year lease contract with Tuborg Romania.

BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange, on Friday said it registered a net profit of RON19.3 million in the first nine months of 2021, compared with a loss of RON2.2 million in the same period in 2020, per its financial report.

The progressive use of electricity emerges as the most efficient energy vector to achieve net-zero ambitions, in particular, in fields such as industry, buildings and transport, as these sectors are the main causes of global greenhouse gases emissions, according to a Deloitte analysis quoted in the B20 Italy Energy & Resource Efficiency policy paper, for […]

Shifting consumer sentiment around data usage and digital well-being, combined with more frequent cyber attacks, sees changing imperatives in privacy, security and trust climb from fifth to second place in Top 10 risks in telecommunications 2021. The annual EY report ranks the most urgent threats facing telcos based on analysis of EY industry and consumer […]

Carrefour announces the launch of an ambitious strategic partnership with Meta, which will be rolled out across the group’s nine integrated countries (France, Italy, Spain, Romania, Poland, Belgium, Taiwan, Argentina, and Brazil).   The partnership will span many aspects of Carrefour’s business from internal communication and employee experience through to customer relations, digital advertising and […]

IULIUS continues to invest at home, in Iași, and is organizing an international architecture competition with guests for the design of a new complex in the downtown area of the city. The contest is a promise undertaken by the Iași based company back in 2019, following the public consultations preceding the development of the same […]

FREE NOW, the European leader in multimodal mobility services, is doubling the value of the tip offered by passengers who show their gratitude to the drivers who have provided them with safe journeys to their chosen destinations on the World Kindness Day, on Saturday, November 13th. According to FREE NOW platform data, in Romania, between […]

DIGI Communications N.V. announces on Friday, 12th of November 2021, its financial results for the nine months period ended at 30th September 2021. The Group recorded revenues of €1.1 billion, up 12% compared to the same period last year, and the revenue generating unit (RGU) base increased by 12%, indicating a substantial expansion of services […]

Restart Energy, one of the largest independent electricity suppliers in the local market with a portfolio of around 50,000 customers, announces its strategic decision to stop supplying natural gas to focus on green energy, starting in 2022.   “The natural gas market in Romania, but also at European level, is going through an extremely difficult […]

Romanian state-run lender CEC Bank provides a pre-financing loan of RON175.3 million, over an 11-year period, for the construction of the ClusterPower data center located in Dolj County, a greenfield investment of RON208 million.

Romanian state-owned power grid operator Transelectrica (TEL.RO) said in its financial report released on Friday that its net profit declined by 46.7% on the year to RON81 million in the first nine months of 2021, and its revenue grew by 37% on the year to RON2.82 billion in January-September 2021.

Electricity and natural gas supplier Restart Energy has decided to withdraw from the natural gas supply business and focus on green power as of 2022. Its 18,000 customers will be allocated by energy market regulator ANRE to suppliers of last resort.

Romanian state-owned gas natural transmission company Transgaz (TGN.RO) said Friday in a stock market report that ended the first nine months of 2021 with a net profit of RON112 million, down 45% on the year, and operating revenue before the balancing and construction activity of RON954 million, down 5% from the same period in 2020.