Romania Feed

Romania's business services industry generated revenue of EUR9 billion in 2019, employing some 179,000 people countrywide and having almost 1,080 firms registered at the finance ministry with specific CAEN (Classification of Activities in the National Economy) codes, per a survey by the Association of Business Service Leaders in Romania (ABSL) in association with PwC Romania.

Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) said in a stock market report Thursday that it raised RON45.8 million from 52 shareholders which subscribed 18.3 million shares within the company’s share capital increase carried out via Prime Transaction.

Business software producer EPAM Systems has leased 1,100 square meters of office space in Bucharest’s Crystal Tower project, based on a contract concluded with PPF Real Estate, a Czech developer and investor with real estate assets worth EUR2.4 billion globally.

Romania's finance ministry on Thursday reopened a bond issue due in November 2025, raising 413.6 million lei (EUR83.5 million), RON87 million below the targeted level, at an average yield of 3.86%, central bank data showed.

Romania's Finance Ministry attracted RON650.5 million and EUR59 million through an issue of government bonds for individual investors (FIDELIS), with three different maturities, sold on the capital market. It is the fifth offer of government securities carried out by the Ministry of Finance on the stock exchange in the last five quarters.

The Romanian capital market registered significant growth rates in the first nine months of 2021, and the companies listed on the Bucharest Stock Exchange (BVB) managed to obtain significant performances in relation to other developed markets.

Microsoft announces the appointment of Bogdan Putinică as General Manager for its Romanian operations, effective November 1 of this year.   Bogdan Putinică joins the Microsoft Romania team from the position of Senior Vice President of the Swedish group Enea – a global provider of telecommunications and cybersecurity solutions. In an international leadership role, Bogdan […]

Cosmin Baba, one of the awarded and appreciated creatives in the advertising industry in Romania, joins Oxygen as Creative Director, responsible for managing the creative team and the creative product. Cosmin joins Oxygen’s leadership team in order to strengthen its position on the advertising and integrated communication agencies market. By Romanita Oprea   Having gained […]

Steel mill Liberty Galati (former Sidex Galati) on Thursday said Romanian authorities have issued the environmental permit for the closure of the steelwork’s slag dump and the reinforcement of its right bank, in order to protect the Malina watercourse.

Wet, the new drink launched by Valvis Holding Group and communicated by Cohn & Jansen, is a hard seltzer with natural mineral water and 4.5% alcohol. Wet is gluten-free, with no artificial coloring or preservatives. Produced in Romania, Wet is available in different flavors: Wet Mango, Wet Peach, Wet Minty Lime and Wet Grapefruit. By […]

For the second year in a row, the Romanian full-service media agency United Media Services is present in Adweek’s independent agencies’ global top (Adweek Global Top 75: Fastest Growing Agencies). Moreover, the agency succeeded in climbing some positions since last year’s edition, reaching number 65. The result is even more significant as in the top […]

Dream Prints, a premium wallpaper brand that aims to make art accessible, was launched on the Romanian market, after an investment of 150,000 euros. Benefiting from the support of a global team of artists and illustrators, the brand’s founder, Valentin Bratu, estimates that Dream Prints will be able to differentiate itself on the Romanian market […]

As part of the group’s digital innovation strategy, NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, announces for the first time on the local market the development and implementation of its loyalty mobile application, SPOT. The application allows customers to use the benefits accumulated in any of the […]

The Iconic Estate, member of the Alexandrion Group, the largest producer and distributor of spirits and wines in Romania, has unveiled the new visual identity of Rhein Extra sparkling wine, during an elegant event, organized at the Elisabeta Palace, in the presence of Her Majesty Margareta the Custodian of the Crown and His Royal Highness […]

PPF Real Estate, leading developer and investor with property assets exceeding EUR 2.4 billion globally, announces it has signed two new tenants in its class A office building in the downtown business district of Bucharest.   Multinational IT giant EPAM Systems has leased 1,100 sqm in Crystal Tower to open its first Romanian headquarters. Global […]

The average value of a transaction closed in Romania stood at $15 million in 2021, lower by 24% than the average recorded in 2020. Domestic deals grew by 13%, accounting for half of the volume of transactions and averaging $8 million per deal, according to EY data.

Verifone Romania, a FinTech leader providing end-to-end payment and commerce solutions, is increasing its operations within the Innovation Center in Bucharest, formerly known as 2Checkout, which Verifone acquired in 2020. After a year of presence on the Romanian market, Verifone intensifies its efforts to grow the research and innovation team in the Romanian capital.   […]

The international fashion brand ZARA presents, for the first time on the local market, with the reopening of its store in Plaza Romania, the new global concept, which proposes customers a complete and surprising shopping experience, as well as a design that combines the influences of art deco with sustainability and eco friendly elements.   […]

Meta Estate Trust, a Romanian holding–type company focused on investments in the local residential sector, on Thursday said it appointed Raluca Dragan to the position of Chief Financial Officer (CFO).

Kangoopack, an Alba Iulia-based company providing integrated packaging solutions, founded and controlled by entrepreneur Mariel Petric, in the first six months of this year registered a 50% turnover increase against the same period of last year, to EUR3 million, while operating profit rose by 60%, according to the company’s representatives.