Romania Feed

Oveit, the company that brought Live Stream Shopping to Romania, through its own technological solution – Streams.live, opens a round of SAFE financing on SeedBlink, the equity crowdfunding platform. The company aims to attract 400,000 euros from private investors interested in technology, but also from individuals who seek to invest their capital in technology startups […]

Opus Land, one of the most important real estate developers active on the local market, will increase to EUR 29 million its annual investment in the development of Cosmopolis, the largest residential project in Romania after the number of existing facilities. The amount is approximately one third higher compared to the investment undertaken in 2020. […]

Romania’s central bank on Friday (Jan 15) surprisingly lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Monday (January 18, 2021).

Romanian property restitution fund Fondul Proprietatea (FP.RO) ended 2020 with a loss of RON103 million and total assets of RON10.3 billion, down 8.6% compared with the end of 2019, per calculations by Ziarul Financiar (ZF) based on data from the NAV (Net Asset Value) monthly report published on the stock market.

Ufuk Tandogan, CEO Garanti BBVA Romania explains the importance of the digitalization process for both the bank he manages and the entire local banking system and highlights the main achievements of the lender in this direction. By Anda Sebesi   How would you describe the importance of digital channels in this uncertain period? Social distancing […]

For many Romanian firms, 2020 was a great time to go further in their global scaling efforts. Four more Romanian tech companies kicked of their internationalisation plans. By Claudiu Vrinceanu   Tailent Just a few months after securing their first investment round from Neogen Capital, Romanian startup Tailent started its international expansion by creating the […]

Tommy Hilfiger, owned by PVH Corp. [NYSE: PVH], announced open applications for the third edition of the Tommy Hilfiger Fashion Frontier Challenge between January 6 and March 8, 2021. The global program aims to support entrepreneurial start-up and scale-up stage businesses that develop solutions that make a positive social impact on the fashion landscape. Since […]

The European Commission said in a press statement on Friday that it approved an investment of over EUR222 million from the Cohesion Fund to upgrade and install drinking water and wastewater infrastructures in the Ilfov County in Romania.

Real estate developer Impact Developer & Contractor will invest EUR690,000 to build a kindergarten in the Boreal Plus residential project it is developing in northern Constanta.

IMPACT Developer & Contractor obtained from the City Hall of Constanța the urbanism certificate for the construction of a kindergarten within the premium compound Boreal Plus, developed in the north of Constanța. The developer’s investment values 690,000 Euros and the construction of the kindergarten aims to increase the quality of life of young families, by […]

Sales of used cars stood at 880,000 units in Romania last year, 380,000 of which imported as such and 500,000 sold and bought on the local market.

Food ordering and delivery platform foodpanda is launching pandamart, its own retail concept where users can order groceries and other essential items with 30-minute delivery.

Metal roofing tile manufacturer Blachotrapez, held by the Polish group by the same name, plans to build a new metal roof tile production facility in Baia Mare. It already has a plant in the same city and one in Ploiesti.

Spain’s fashion group Inditex, which operates via eight brands in Romania, has closed the Bershka and Pull & Bear stores on the ground floor of the Unirea Shopping Center in downtown Bucharest due to low foot traffic, ZF has found.

Mixit, the Czech company that produces personalized breakfast muesli and lyophilised fruit, expanded to Romania just before Christmas, so that clients from 5 countries can now their customized muesli mix. After the Czech Republic (2010), Slovakia (2013), Poland (2014) and Hungary (2019), Mixit entered the Romanian market at the end of 2020. The expansion will […]

Euroins Romania released a response to ASF regarding the state of complaints. The company shows that it has a decrease in the total number of complaints and they are committed to keep lowering the numbers.  ”Euroins Romania values and puts an emphasis on its relationship, satisfaction, and trust with its customers and partners, which are […]

METRO announces the launch of DISH, a platform that offers digital solutions developed with the support of entrepreneurs in the hospitality industry, to ensure online visibility and increase business efficiency. METRO is a global leader in providing digital solutions to the HoReCa sector and continues to support the digitalization of the hospitality business by developing […]

Samsung Electronics introduced Galaxy S21, Galaxy S21+ and Galaxy S21 Ultra, the latest flagship devices that empower you to express yourself. Made for the way we live now, Galaxy S21 is loaded with state-of-the-art innovations so you can make the most of every moment. The smartphones will be available starting Juanary 29 and prices will […]

Mihai Marcu, Chief Executive Officer and majority shareholder of private medical services provider MedLife, sold a total 300,000 shares in the company on January 11, 2021, within a transaction worth RON3.4 million, according to calculations by Ziarul Financiar, based on a report published Thursday on the stock market.

Shareholders of Romanian property restitution fund Fondul Proprietatea (FP.RO) on Thursday approved the extension of the duration of the Fund until December 31, 2031.