Romania Feed

FAN Courier, Romania’s leading courier services company, expects to generate RON1.1 billion revenues this year as in the first nine months volumes rose by 10% against the year-earlier period, according to the company’s representatives.

Chiajna-based Renaissance Public Service, the only Romanian-held TV set manufacturer, posteda turnover worth RON323 million in 2020, down 25% from 2019. Its profit rose, however, to over RON10 million, up 25% year-over-year.

Online sales will see an about 23% growth in Romania in 2021, higher than the European average put at 12%, Romania’s association of online stores ARMO said in a release.

Romanian IT company AROBS Transilvania Software primarily owned by Cluj-based entrepreneur Voicu Oprea has completed a private stock placement on Friday and raised RON75 million from investors, ZF has found.

The annual inflation rate would probably rise over the short time horizon to much higher values than those anticipated in the August forecast, which had indicated a 5.6% in December 2021 and levels of around 3.4% starting the third quarter of 2022, Romania’s central bank (BNR) Board members said during the monetary policy meeting on Friday.

Romania’s central bank (BNR) warns about the Government’s fiscal policy stance, which is likely to jeopardize budget consolidation. Romania has a high budget deficit, which will be very difficult to curb, since the budget has high permanent expenditures, Romania’s central bank Board said during its monetary policy meeting on Friday, October 5.

The Romanian entrepreneur Mădălin Tomescu launched Kuziini, the only custom-made kitchens concept-store operational 100% digital, following a net investment of approximately 1,000,000 lei. The founder of Kuziini has over 20 years of business experience in the furniture industry, where he has developed several businesses in the segment of production of residential and commercial furniture, intended […]

ICAP Romania announces the 12th edition of the Annual Credit Risk Management Conference. This year’s conference will be held online on October 26, 2021. The main theme of the conference is “Credit risk in the age of major changes and evolution“, and the guests will address topics in the following areas: Macroeconomics / Economic Forecasts, ESG and sustainability, Financial analysis, […]

Clariant, a focused, sustainable and innovative specialty chemical company, today announced the official completion of its sunliquid® cellulosic ethanol plant in Podari, Romania. The completed construction is an important next step for the commercial deployment of sunliquid® technology and thus supports Clariant’s sunliquid® licensing business strategy. The facility will be operational in the fourth quarter, […]

MOCAPP, the Influencer Marketing platform, recently attracted a new financing of €175,000, which will be used to enter the UK market starting 2022. The invested amount comes from ROCA X (lead investor), respectively NETOPIA Ventures, being a Bridge Round, for a new investment round MOCAPP is going to support in the next year spring and […]

A total number of 38 law firms and 150 lawyers have made it to the final rankings of IFLR 1000. As well as being one of the highest ranked law firms, Țuca Zbârcea & Asociații also received the largest number of lawyer nominations in Romania.   Țuca Zbârcea & Asociații reconfirms its top-notch position in […]

TEILOR, the chain of luxury jewelry stores present across the CEE region, reports an 85% increase in the sales of wedding bands and a 40% increase in the sales of engagement rings in Romania in the summer period, between June 1st and September 30th, 2021, as compared to the same period of the previous year. […]

The global IPO market continued to boom through Q3 2021, resulting in the most active third quarter by deal numbers and proceeds in the last 20 years, according to EY IPO Q3 2021 report.   Q3 2021 saw 18% more deals than the previous third quarter record set in 2007, and 11%     higher proceeds than […]

Tailent, the Romanian tech company known for democratizing access to Robotic Process Automation (RPA) solutions, continues to expand globally and is entering the Portuguese market through a partnership with integrated management solutions provider Winsig. Following this move, Tailent becomes the preferred RPA provider for Winsig clients and will bring cost-effective automation solutions including to the […]

95% of Bucharest residents have changed their lifestyle and perspectives on housing quality in the last year and a half, as a result of the pandemic, according to a study commissioned by Impact Developer & Contractor. For the inhabitants of the capital, peace, outdoor green space and air quality are the most important aspects for […]

The global IPO (initial public offering) market continued to boom through the third quarter of 2021, resulting in the most active third quarter by deal numbers and proceeds in the last 20 years, according to the EY IPO Q3 2021 report.

Dent Estet, the established market leader in the field of dentistry services in Romania, part of MedLife Medical System, has acquired the majority stake of 60% of the shares of Stomestet Cluj, one of the leading dental clinics in central region of Transylvania.

Ashoka Romania presents October as Social Finance Month, a complex event with several key discussions for social entrepreneurs in which cross-sectoral collaboration is the envisaged and possible way to reach the good of all. Social finance is not a common topic on the Romanian market, but Ashoka aims to support the construction of a healthy […]

Tailent, the Romanian tech company known for democratizing access to Robotic Process Automation (RPA) solutions, continues to expand globally and is entering the Portuguese market through a partnership with integrated management solutions provider Winsig.

New car registrations in Romania grew by 4.3% on the year to 88,262 units in January-September 2021, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Friday.