Romania Feed

Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, posts operating revenue of 58.7 million in 2021, an increase of 40% compared to 2020 and a net profit of 6.1 million lei, +55% compared to the previous year. The financial results for 2021 are […]

Trencadis, a technology company specialized in software development solutions for the government and business environment, has appointed Marian Murgulet as CEO starting March 1, 2022.     Marian Murgulet takes over the managing of Trencadis from the founder Radu Negulescu, who will stay the company’s majority shareholder. Furthermore, the entrepreneur Radu Negulescu will focus exclusively on […]

Fitch Ratings has assigned Romania-based CEC Bank S.A. (CEC) a Long-Term Issuer Default Rating (IDR) of ‘BB’ with Stable Outlook, Viability Rating (VR) of ‘bb’ and Government Support Rating (GSR) of ‘b’.

Zitamine is launching the first personalized nutrition service in Romania, an innovation in the vitamin and supplement industry, created through science and technology.    Zitamine offers a subscription to natural vitamins based on a personalized recommendation. The recommendation is generated by an algorithm that determines the unique nutritional profile of each customer. The vitamins are […]

Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, reported RON58.7 million operating revenue in 2021, up 40% on the year, and net profit worth RON6.1 million, 55% higher than in 2020.

Private healthcare operator MedLife reported RON1.4 billion turnover in 2021, up 33% against the previous year.

Lazar group, specialized in freight transportation, controlled by entrepreneur Ion Lazar, plans to invest EUR11 million this year.

Romanian paint and coatings producer Sarcom, part of ROCA Industry holding, plans to boost its production and logistic capacities in the coming period and will bring more workers from Asia to meet rising demand.

Seventy percent of Gastronom Buzau (GAOY.RO), a company that leases commercial space, changed hands in a transaction in which Transilvania Investments Alliance (formerly SIF3) sold its stake on Tuesday.

IT company AROBS Transilvania (AROBS.RO) on Tuesday secured approval from its shareholders to increase the share capital by RON46 million to RON91 million by issuing bonus shares.

Well known Romanian entrepreneur, Dan Șucu, the president and owner of Mobexpert and one of the jury members of the Imperiul Leilor TV show (the Romanian version of the international Dragons’ Den format), announced his plans to invest EUR 5 million in the youth facilities of Rapid Bucharest Football Club, and his intention to also become a […]

The Romanian postal and courier services market reported a turnover higher by 19% compared to 2019 and exceeded the 2011 level by 136%, reaching RON6.4 billion in 2020, according to the latest KeysFin analysis.

Iasi-based medical group Arcadia, which operates several clinics and a hospital, invested EUR11 million in 2021 in developing and equipping its medical units.

Young Romanians continue to choose to study abroad and are not discouraged by the pandemic or Brexit. According to FINS, a non-banking financial institution that offers loans to young people wishing to study for a Bachelor’s or Master’s degree in Europe, applications for funding studies abroad have doubled compared to the last two years.    […]

Chief Marketing Officers (CMOs) around the world are looking to hire talent with more analytical skills, according to the Deloitte 2022 Global Marketing Trends report.

In today’s data-intensive environment, Chief Marketing Officers (CMOs) around the world are looking to hire talent with more analytical skills, according to the Deloitte 2022 Global Marketing Trends report, as they consider that analytical expertise is becoming more important than creative skills in most of the industries – technology, media and telecommunications (34% vs. 23%), […]

IMMOFINANZ today received a request to convene an extraordinary general meeting, together with an agenda covering elections to the Supervisory Board. According to the convocation request, CPIPG holds an investment (directly and indirectly) of approximately 54.86% in IMMOFINANZ and recommends (via its subsidiary WXZ1 a.s.) two new members for election by the general meeting.   […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has grown to 4.31% a year on Tuesday (March 8, 2022), from 4.25% on Monday (March 7), in line with central bank data.

The car manufacturing industry worldwide is bracing for bigger issues following the Russia – Ukraine conflict. The globalization of production, with part of it being in the conflict region, is breaking up supply chains and is halting production of cars inside and outside Russia and Ukraine. Reports are foreseeing a worsening of the electronic chips […]

Tema Energy, the largest player in the field of data center development in Romania, had a turnover of 8.75 million euros last year, 22% more than in 2020. Also, the company’s profit was 40% higher than in 2020.   Tema Energy is a service provider for customers who want an integrated data center by providing […]