Romania Feed

Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92 million for properties and RON4.5 million for VAT financing.

Three entrepreneurial companies in the meat processing busines in Romania are testing investor interest in a potential deal, ZF sources say. The three are Meda Prod 98, Kosarom and Agra’s.

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) said Friday in a stock market announcement that it appointed Dorin Tudora to the position of provisional Chief Executive Officer, from Feb 5 until the completion of the recruitment and selection procedure for the new CEO, respectively, until June 4, 2021 (inclusive of).

We’re living in a time when world-changing ideas are moving as quickly as possible, with some of them coming from organisations which are able to disrupt the status quo and drive sustainable, large-scale change. Every idea starts with someone trying to solve a problem, and new social entrepreneurs and new ideas on how to impact […]

According to data gathered by Learnbonds.com, as of January 2020, video-based social network TikTok had surpassed the mark of 40 million daily active users worldwide, on both iOS and Android devices.  By Romanita Oprea   TikTok is a mobile app where users post short videos, usually around 15 seconds long, producing what is known as […]

The COVID-19 pandemic took a painful toll on Romania’s economy in the second quarter of 2020, when gross domestic product (GDP) plunged by 12.2 percent compared to the previous quarter. But despite the fact that most restrictions were lifted during last summer, the economy has struggled to recover amid weak external demand, poor agricultural output, […]

Romania is on the 20th place in a ranking of the countries that have raised the most investments in the fintech field, according to tech.eu. By Claudiu Vrinceanu   With five notable financings, Romania is thus in a club of select countries with companies in the fintech sector, being surpassed by countries such as Estonia, […]

Romania was ranked 46th in the 2020 Global Innovation Index. This was reflected in the Global Innovation Index study. The following places were taken by Vietnam (42), Greece (43), Thailand (44) and Ukraine (45). Romania’s best ranked neighbors were Hungary (35) and Bulgaria (37). The study, at its 13th edition, is co-published by Cornell University, INSEAD, and […]

Sony Pictures Networks India has signed a three-year broadcasting deal with the Pakistan Cricket Board (PCB), making them the fifth cricket board to do so and rounding out an increasingly impressive-looking cricket portfolio.   The deal gives Sony the right to broadcast all of Pakistan’s home international Tests, One-Day Internationals, and T20-Internationals as well as […]

Deloitte was ranked the most valuable and strongest commercial services brand in the world for the third consecutive year, according to the Global 500 2021 report, released by Brand Finance, an independent brand valuation consultancy firm recognized worldwide. The global ranking is based on calculations of the overall brand value and of the relative strength […]

The European Commission said Friday it has opened an in-depth investigation to assess whether Romanian support measures in favor of energy holding CE Oltenia are in line with EU rules on state aid to companies in difficulty.

Romania's finance ministry launches three new bond issues for the general population Monday, February 8, which can be subscribed by February 24.

Romania's telecom regulator ANCOM plans to hold a 5G license tender in the third quarter of 2021, after postponing it repeatedly since 2019.

Private equity firm Abris Capital, which owns four companies in Romania, chose a wait-and-see approach in Romania in 2020, which it saw as a time of protection and consolidation of position. However, it bets on growth in 2021.

Wizz Air, the largest airline in Romania by number of passengers, saw a 70% decline in the number of passengers carried to and from the country in 2020 to merely 3 million compared with more than 9 million in 2019.

Globalworth, the owner of Dacia’s biggest warehouse in the world, plans to expand the industrial site that contains it. Automobile Dacia, the largest company in Romania by revenue, will replicate the model of the Mioveni (Arges) site in a new town in the county, Oarja.

CTP, a top 5 European industrial developer with a portfolio of 6.3 million m2, expands its CTPark network in Poland to satisfy the high demand for logistics properties in the region.   “Poland is not only the largest economy in CEE; its strategic location and proximity to Germany also make it a logistics hotspot,” explains Remon Vos, CEO of CTP. “As we start construction […]

Federatia Patronatelor din Industriile Creative – FEPIC (the Federation of Creative Industries Employers) expressed its intention of developing the first hub dedicated exclusively to the creative industries in Iasi, in partnership with the City Hall. The cultural project „CREATIVE HUB”, named in a conceptual manner Iasi Creative Space, aims to create a temporary unconventional space […]

Starting with February 2021, Mihaela Ioniță is the new National Director of Human Resources of Lidl Romania and, once she takes over the new role, she becomes a member of the company’s Board of Directors. From this position, she will coordinate the entire human resources activity of the company.   With an experience that includes […]

In the summer of 2020 Publicis Events launched Arena Tei, a space with closed circuit, in the Romsilva base –9A Petricani Street, in a green, airy area, with a capacity of over 500 people that can stay on chairs, at table or individually. The audience has at its disposal also a food & drinks area, […]