Romania Feed

Sonimplex Topoloveni, the company that owns Magiun de Topoloveni brand, carries out its entire production in Topoloveni and has invested over EUR1 million in its current warehousing and production capacities.

The EUR5 million investment plan Czech group Packeta announced in Romania for 2022 is likely to suffer some changes amid the Ukrainian war and its fallout, said Alexandr Jeleascov, CEO of Packeta Romania.

In conjunction with the present economic crisis, gold is increasingly being referred as the best “defensive asset.” Investors frequently sell equities in order to purchase precious metals to defend their portfolio from the imminent drawdown, or not only in order to survive the stock market volatility, but also in order to protect themselves against inflation. […]

Hidroelectrica, Romania's largest electricity producer and the most profitable state-owned company, has budgeted total revenue of RON7.4 billion for 2022, up 11% from 2021, while net profit is estimated at RON2.9 billion, down 8% from RON3.16 billion in 2021.

Romanian e-commerce platform Gomag recorded more than EUR2 million revenue at the end of 2021, up by about 45% compared with the previous year, and expects similar growth in 2022, the company said in a news release.

Romania’s Finance Ministry reopened a bond issue due in January 2028 and raised RON363.5 million from banks on Monday, RON163.5 milion more than the planned RON200 million, at an annual yield of 6.29%.

Pharmaceutical manufacturer Biofarm (BIO.RO) expects 16% higher revenue compared with RON239 million of 2021, as well as 15% higher EBITDA from about RON82 million last year.

Euler Hermes, the world leader in trade credit insurance, opens a new chapter in the history of insurance, becoming today, Allianz Trade. Since 2018, the company has been part of the Allianz Group, so the new identity highlights the group’s performance and is a major advantage in supporting the strategic plan for the next three […]

Fortech Investments invests in the Pre-Seed round of start-up partner NRGI.ai to develop an artificial intelligence-based platform that forecasts energy prices and functions as a marketplace that connects electrical energy and natural gas distributors with customers.   Consumers will be able to choose the most convenient option for provided services, in a personalized way based […]

Following the AmCham Romania Annual General Meeting of Members (AGM) on March 23, 2022, the Board of Directors of the organization for the March 2022 – March 2023 mandate, will have the following structure:   President: Ionuț Simion, Partner, Clients & Markets Leader – PwC Romania. Vice-Presidents: Cristian Sporiș, Vice-President, Head of Corporate Banking – […]

Digital investment platform Bitpanda enhances its benefits policy, aiming to offer freedom and flexibility to its team of almost 1.000 people.   Recognizing the lifestyle differences of a diverse, growing team, Bitpanda continues to invest in its people, offering them unlimited, fully-paid Annual Leave, two recharge breaks per year, 20 weeks fully paid parental leave, […]

Biofarm, one of the most important drug producers in Romania, estimates a 16% increase in turnover for this year, after recording a value of 239 million lei and an EBITDA of approximately 2021 in 2021 82 million lei, and for 2022 it aims to increase it by 15% compared to the end of the year. […]

Two campaigns by Leo Burnett Bucharest agency for clients Telekom Romania and Procter & Gamble were included in this year’s Effective 100 by WARC, ranking 49th and 50th.   This is the second year in a row that the agency has had two projects in this ranking – a success even greater as these are […]

Țuca Zbârcea & Asociații acted for WTE Wassertechnik GmbH, one of Europe’s leading companies in water infrastructure, in the awarding of two separate sections of the Cluj – Sălaj water pipeline, with a total worth of almost EUR 60.6 million (300 million RON).   The Cluj – Sălaj pipeline is likely the longest drinking water […]

As most parts of the world begin to emerge from pandemic restrictions, it is clear that the many companies are planning for a future in which their employees will be able to continue to be able to work remotely for at least some of the time, a KPMG survey of over 530 companies in 46 […]

The European investment platform for tech startups SeedBlink has opened an office in Sofia, Bulgaria, to complement the company’s expansion plans and continue its accelerated growth.   After supporting startups to raise 45 million euros in the first two years of its launch, SeedBlink aims to accelerate its expansion into Europe in 2022. Led by […]

Insolvency specialist CITR has sold RON13.15 milion (more than EUR2.6 million) worth of agro-industrial assets to Cerealcom Bacau, a member of the agribusiness group Pambac, the company part of the Impetum Group said.

Technology start-up investment platform SeedBlink announces that it has opened its first branch outside Romania in Sofia, Bulgaria, as part of its expansion strategy.

Romanian business managers for the March-May period expect moderate activity growth in the processing industry, in parallel with a steep price increase in industry, constructions and trade, while the number of employees in industry, constructions and services will stay relatively stable, showed a survey by Romania’s statistics board.

Cegeka Romania, the local division of Belgian IT solutions provider Cegeka, with EUR36.5 million turnover at end-2021, aims to reach 1,000 employees locally and seeks to recruit around 300 IT specialists.