Romania Feed

Retailer Mega Image will end the year with another sound growth of its sales, but CEO Mircea Moga says this year, marked by the COVID-19 pandemic, was a year of change and challenges.

As you may know by now, this month we focused entirely to Romanian entrepreneurs and Romanian businesses in order to sustain small businesses for Christmas Shopping List. Buying locally also helps keep money circulating in the community, while the local economic return from independent businesses is on average 48% of revenue from independent businesses. Chain retailers, by […]

End of a decade. The crisis caused by the COVID-19 pandemic not only marks 2020, but also leaves its mark on the entire decade that is ending, as well as on the first few years of the coming decade.

Romania exported services worth a total EUR7.4 billion in 2019, of which EUR1.5 billion represented exports of IT services.

The George Enescu International Festival invites classical music lovers to enjoy Enescu’s Vox Maris on www.festivalenescu.ro during this year’s Christmas Holidays. The recording offered presents the symphonic poem Vox Maris with London Symphony Orchestra under the baton of Maestro Gianandrea Noseda and the Romanian Radio Academic Choir conducted by Ciprian Tutu, with tenor Cosmin Ifrim […]

Packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast, said Thursday in a stock market announcement that the intermediary IFB Finwest had notified the company regarding the subscription of shares for the share capital increase.

Construction material producer TeraPlast Group (TRP.RO) has received the financing agreement for the state aid project submitted in November by TeraPlast Folii Biodegradabile SRL, its biodegradable packaging manufacturing subsidiary.

Romania's new government led by liberal prime minister Florin Citu gained a vote of confidence in Parliament Wednesday.

Xiaomi’s stock price reached an all time high at USD 4.11, with its market value at around USD 100.04 billion officially propelling the company into the USD 100 billion club.   Xiaomi’s upgraded “Smartphone x AIoT” strategy launched in 2020 continues to be recognized by the capital market. In Q3, Xiaomi’s global smartphone shipments reached […]

Romania's government will start selling three new bond issues for the general population starting January 4, 2021, the finance ministry announced Wednesday.

Romanian hydropower producer Hidroelectrica has signed a deal with Germany energy group STEAG to acquire the Crucea wind farm in Constanta county, southeast Romania.

Romania's finance ministry on Wednesday raised 984.5 million lei (EUR202 million), versus its RON700 million target, selling bonds maturing in October 2023 at an average yield of 2.54%, central bank data showed.

Aurachain is the new technology partner for the Bucharest Stock Exchange (BVB) and the Central Securities Depository. Two innovative solutions developed using the low-code Aurachain platform will be implemented to accelerate and optimize the shareholder voting process at exchange listed companies using blockchain technology, and to facilitate access to the capital market by digitizing investor enrollment.   BVB […]

On 23 December 2020, STEAG GmbH (“STEAG”) and Societatea de Producere a Energiei Electrice în Hidrocentrale Hidroelectrica S.A. (“Hidroelectrica”) signed an agreement concerning the sale of STEAG’s shares in Romanian subsidiaries Crucea Wind Farm S.A. (“Crucea Wind Farm”) and STEAG Energie Romania S.R.L. (“STEAG Energie Romania”) to Hidroelectrica, following a highly competitive process which involved […]

Desiring to support early education in Romania, SkyTower becomes a partner for the national program “Read me 100 stories!” implemented by the OvidiuRo Association.   Through the “Read me 100 stories!” program, OvidiuRo aims that by 2025 all kindergartens in Romania will become Libraries kindergartens, true reading islands for children, with the purpose of improving […]

The #Localnicii platform, developed by Kané Group, is about transforming a restaurant into a platform designed to encourage the purchase of local products from entrepreneurs who have emerged in recent years and who, this year, have lost their channels of interaction with their customers.   Together with over 90 local producers in the hospitality industry, […]

The European Fund for Southeast Europe (EFSE) has lent EUR2 million to Vitas IFN to enable it to extend its financing capacity for micro-enterprises and small- and medium-sized enterprises (SMEs) which have difficulty in contracting loans in the context of an unfavorable economic conditions generated by the sanitary crisis.

Romania's Competition Council said Wednesday it was analyzing the deal whereby Romanian Business Consult (RBC), the largest integrator of IT solutions for the food and retail industry, plans to acquire Ropeco Bucuresti, a company specialized in the sale of IT solutions and equipment.

Businessman Omer Susli, the owner of home décor stores Homelux, has bought four buildings located in Barlad (two buildings), Tulcea and Drobeta Turnu Severin, from American-held investment fund Portico Investments Romania, in December 2020.

French-held retailer Auchan has announced the implementation of the Auchan Drive service whereby customers can pick up the orders placed and paid online via the application or the online store, from the parking lot of the nearest Auchan hypermarket.