Romania Feed

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, spiked to 3.11% a year on Friday (Feb 4) versus 3.05% a year over the last two weeks, except the level of 3.06% a year reached on Jan 26, central bank data showed Friday.

SPARK Technologies, a top European electric car-sharing company, has signed an agreement with Global Emerging Markets (GEM), a Luxembourg-based private, alternative investment group, for a 30 million euro capital commitment to be allocated towards the stock purchase guarantee for a 36-month term, when SPARK goes public.   The proceeds from this financing will be used […]

Entering the business world can be intimidating. Not only does it require constant vigilance to avoid common mistakes but also a certain level of shrewdness in order to outsmart the competition. Nevertheless, above all, building a successful business from scratch is almost impossible without extensive planning and knowledge.   Every organization needs to prepare a […]

Romanian software development company TARA Interactive, with 20 employees in Bucharest and ten in Chisinau, expects to end 2022 with a turnover of nearly RON8 million, double from over RON4 million in 2021, according to company representatives.

Thoughtworks, a global technology consultancy that integrates strategy, design, and engineering to drive digital innovation, announced that it has been selected for the first time in Brand Finance’s report of the 25 most valuable and strongest IT services brands globally.   Every year, world-leading brand valuation consultancy Brand Finance puts 5,000 of the biggest brands […]

ING transformed its Corporate Social Responsibility (CSR) department, founded in 2012, into a Sustainability department to facilitate the transition to a green economy and the development of partnerships with civil society. Over the 10 years in which the CSR department was active, together with its NGO partners, ING invested over €8 million in community, social and […]

The company Masterbuild, general contractor & developer, plans to invest EUR20 million in a logistics park of over 16,000 square meters north of Bucharest, in Butimanu – Dambovita area, with direct access to national road DN1A, according to company officials.

Techcelerator, the most active accelerator for technology startups in Romania, has selected ten startups from five countries - Bulgaria, Grecia, Romania, UK and Armenia – for the second edition of the NEXT FinTech acceleration program.

Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, projects EUR25 million turnover for 2022, up around 13% on the year, in line with ZF calculations based on company data.

Marius Vinatoru, marketing manager of International hotel of Sinaia, says 30% higher turnover has been budgeted for this year.

Adrian Mihai, CEO & Co-founder at FAN Courier, is set to become a speaker at BR’s upcoming re:FOCUS on eCommerce, Retail & Logistics. He will be part of the first panel of the day, dedicated to eCommerce and the Courier Industry, during which he will talk about the future of his industry and how courier companies approach […]

Tudor Iuga, Senior Consultant Industrial & Logistics Services at CBRE Romania, will be a speaker in the second panel of BR’s upcoming re:FOCUS on eCommerce, Retail & Logistics, dedicated to Retail & Logistics, where he will share valuable market insights into the industrial & logistics spaces sector.   Tudor Iuga has been with CBRE Romania since […]

Stejara Pircan, Senior Vice President at eMAG, will be a speaker in the first panel of BR’s upcoming re:FOCUS on eCommerce, Retail & Logistics, dedicated to eCommerce and the Courier Industry, where she will be exploring the challenges, trends and strategies that are revolutionizing eCommerce and omnichannel.   Stejara Pircan, Senior VP eMAG, has been leading the […]

Romanian home deco chain Delta Studio will in 2022 start building a new logistic center, of 25,000 square meters, for which it has already bought the land plot in Bolintin-Deal, near Bucharest.

Brokerage firm Swiss Capital forecasts that building materials producer TeraPlast Bistrita (TRP.RO) ended 2021 with total revenue of RON607.8 million, up nearly 53.1% from 2020, and a net profit of RON51.7 million, up 61.5% on the year, as per calculations by Ziarul Financiar daily based on data from a report published Thursday on www.bvbresearch.ro.

New registrations of road vehicles for passenger transport decreased by 16.8% in Romania in the fourth quarter of 2021 compared to the fourth quarter of 2020, data from the country’s statistics board INS showed Friday.

The fight against COVID-19 has been waged in hospitals, nursing homes, pharmaceutical laboratories, and quietly but powerfully, in a data center in Bologna, Italy. There, a not-for-profit consortium of dozens of Italian universities, research centers, and government ministries called Cineca houses Italy’s largest computing center and one of the most powerful supercomputers in the world […]

Cosmin Carstea, CEO of Dubai Ports (DP) Logistics Romannia and Dubai Ports Constanta, said DP Romania is set to invest in a multimodal terminal in Aiud, due to be connected via direct trains to Constanta harbor. Investments amount to EUR10 million and works have started.

Electrica (EL.RO), the biggest electricity supplier in Romania and a listed company part of BET main index, was granted an electricity trading license by the Hungarian Energy and Public Utility Regulatory Authority, reads a report published on the Bucharest Stock Exchange.

Romanian banking system profit for the entire 2021 may climb to a record high of around RON8 billion or even more, despite the pandemic, given that gains topped RON7.5 billion after the first 11 months of last year.