Romania Feed

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.10% a year on Thursday (October 7).

Romanians spent RON1.85 billion on drinking milk-type products, in 2020, with the market growing on average 21.6%, in line with data provided by market research company Euromonitor.

BMW Romania, through APAN Iasi dealer, registered the first order for a fleet of i4 electric cars worth above EUR250,000. The order was logged with an extension possibility.

Paint and coatings manufacturer Sarcom Valcea, owned by brothers Aurel and Marinica Potop, in 2020 registered net profit worth RON12.1 million (EUR2.5 million), 52% higher year-on-year, in line with Finance Ministry data.

A contract worth almost RON28 million has been awarded by Cluj County Council to three builders for the restoration and conservation of the Banffy Castle of Rascruci (Bontida commune), where the Electric Castle festival is held.

HAVI Logistics, a major transport and logistics firm on the Romanian market and one of the world’s biggest operators for fast food restaurant and convenience food brands, in 2020 generated net profit worth above RON3.1 million (EUR655,500), up 78% year-on-year.

Software solutions provider Life is Hard (LIH.RO), which is listed on the AeRo market of the Bucharest Stock Exchange, on Wednesday said its Executive Board approved a decision to lend a total RON1.5 million to Innobyte Solutions (100% held by Life is Hard), at an interest rate of 1.25% per annum.

Romanian investment fund Black Sea Fund, focused on deals with small and medium-sized enterprises in Romania, with a capital of over EUR43 million, has appointed Iulian Portasa, as Partner.

The Bucharest Stock Exchange on Thursday said three new Fidelis government bond issues for the general population, denominated in the local currency and euro, will start trading on the Main Market under the trading symbols R2210A, R2410A and R2610AE, respectively.

Romanian carmaker Dacia sold 3,867 cars in the United Kingdom, in September 2021, fewer by 26.52% than 5,263 units sold in the same period in 2020.

Romania’s Competition Council has approved the transaction whereby Romania’s largest lender, Banca Transilvania, acquired the entire ownership stake of Poland’s Getin Holding in Idea Bank, in early June 2021, for EUR43 million.

Patricia Andrei is the new HR Director of CEC Bank, a position from which she will coordinate the entire human resources activity of the bank with the largest territorial network in Romania, which includes more than 1,000 units and almost 6,000 employees nationwide.   With more than 22 years of experience in the field, the […]

Patricia Andrei has taken over the position of Human Resources (HR) Manager at state-run lender CEC Bank, coordinating the lender’s entire HR activity.

What is Hyperautomation? And how is it different than automation? Hyperautomation is a specific term, coined for this purpose by Gartner’s IT department – and mentioned to be no.1 in their Strategic Technology Trends for 2020 rank. It refers to the logical evolution of automation. By Sabina Amaricai (software testing architect & founder Qualinest)   As […]

As part of its ongoing multi-billion-dollar investment program, KPMG plans to spend more than US$1.5 billion over the next three years specifically to focus on the Environmental, Social and Governance (ESG) change agenda. The ESG strategy is designed to support KPMG firms’ clients in making a positive difference. Importantly, this strategy is underpinned by KPMG’s […]

Entrepreneur family Vasile and Marilena Ene invested EUR3 million to expand and retool the air filter plant of Mizil, Prahova county, which can currently produce 100 HEPA filters per day.

Black Sea Fund, an investment fund aiming to accelerate small and medium enterprises in Romania, with a capital of over EUR 43 million, names Iulian Portasa, aged 33, former Senior Deal Advisory at KMPG, as Partner. Iulian will continue to be responsible for the entire investment process, from detailed analyses and preliminary negotiations to leading […]

Following a strategic partnership, the Romanian village of Floresti becomes the first community beneficiary of the Nooka Space proximity offices, in order to assist the citizens who work remotely or in a hybrid system. The Nooka Two office model is available in Floresti, being located in Poligon Park, and can be accessed non-stop by the […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.07% a year on Wednesday (October 6), above the 2.01% level reached in early 2021.

IMMOFINANZ, one of the most important companies active on the Romanian real estate market, announces the signing of several partnerships with famous brands, following the extensive refurbishment process of VIVO! Baia Mare. The new tenant mix includes Hervis Sports, Sport Vision, DeFacto, Kik, Various Brands, Colin’s, Sabrini, TEILOR, English Home, Dr. Green, Nordpharm, La Casa, […]