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Bonapp.eco, a mobile application that aims to combat waste by connecting consumers with retailers that sell food and beauty products which are close to their expiration date, has expanded to Cluj-Napoca (north-western Romania).
PAID (the Pool of Insurance against Natural Disasters) Romania will grant dividends worth RON11.6 million to its shareholders for 2021, even though its shareholders include four bankrupt companies, respectively Astra, Carpatica Asig, Certasig and City Insurance, in line with data from the company’s report for 2021.
The number of companies listed on the regulated market of the Bucharest Stock Exchange, with at least one woman holding a Board position, has increased by almost 20% since 2015 to reach 62%, in line with the latest data available included in the “Women on Boards” report conducted by Deloitte Romania in collaboration with Professional Women’s Network Romania (PWNR).
At the beginning of April 2022, Poland’s software engineering company Spyrosoft Solutions opened a local office in Timisoara (western Romania), within the Vox Technology Park, where it leased 400 square meters of office space.
Half of the local financial-banking analysts expect Romania's annual inflation rate to range between 8% and 10% at the end of 2022 and 35% expect an inflation rate above 10%, as per a survey by the Association of Romanian Financial and Banking Analysts (AAFBR) regarding the economic impact of the war in Ukraine.
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, took a step back on Wednesday (April 13), going to 4.70% per year from 4.71% on Tuesday.
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, posted revenue of RON2.6 billion (EUR528.5 million in 2021, as well as net profit of RON96.7 million (EUR19.7 million) and had more than 5,000 employees last year, the company said in a press release.
Tech startup Voxa, the first Romanian streaming platform for audiobooks and e-books, targets a new funding round of EUR1 million for 2022.
Airline Blue Air on Wednesday said it would launch 11 new routes in the summer of 2022 and it would also open a new base in Iasi (north-eastern Romania).
Fondul Proprietatea (FP.RO), a 20% shareholder in electricity producer Hidroelectrica, seeks to get RON1 billion (EUR200 million) in special dividends from the state-owned company's retained earnings, a move that has been common practice for the fund in recent years and one to which the Energy Ministry has agreed.
Romanian electricity supplier Electrica Furnizare, part of state-owned utility group Electrica (EL.RO), is carrying out for glass processing company Cristal Brad Service the turnkey construction project of a photovoltaic power plant, which will have an average annual energy production of 401.70 MWh.
Vlad Stanescu takes over as the position of Chief Executive Officer (CEO) of Blugento, a company based in Cluj-Napoca and specialized in providing e-commerce solutions.
British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, on Wednesday said it contributed almost RON11 billion (EUR2.2 billion) in excise and taxes to the Romanian state budget in 2021, up over 10% versus 2020.
Liberty Galati, formerly Sidex, produced a record amount of steel products in Galati in 2021, company representatives announced.
TotalSoft, one of the most important software producers on the Romanian market, ended 2021 with a turnover of nearly EUR25 million, up over 10% from 2020, company officials said in a statement.
Rating agency Moody’s Investors Service upgraded by one notch, to A2 from A3, the rating assigned to the mortgage covered bonds issued by lender Alpha Bank Romania.
Romania's current account balance posted a deficit of EUR2.25 billion in January-February 2022, higher by 60% than EUR1.4 billion reported in the same period in 2021, central bank data showed on Wednesday (April 13).
OX2 AB, a Swedish renewable energy company that develops, finance, and manages large-scale solar and wind projects, established an office in Romania in 2021 and is now developing a portfolio of wind power projects of 500 MW in Romania.
French construction material manufacturer Saint-Gobain Group will be relocating its offices in capital Bucharest to the One Tower office building developed by One United Properties in the capital city's Floreasca area.
Business solutions developer BITSoftware on Wednesday said the total sales volume grew to EUR3.2 million at the end of fiscal year 2021.19075 items