Romania Feed
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ZF English - 14:56 Oct 05, 2023
Romania's central bank has decided at its board meeting on Wednesday (October 5, 2023) to keep its benchmark interest rate on hold at 7% a year. -
ZF English - 06:44 Oct 05, 2023
Antibiotic Iasi, the biggest Romanian-held drug producer, is mulling new export markets, including Nordic ones, where it is trying to already develop its first local partnerships. -
ZF English - 06:35 Oct 05, 2023
IPEC Alba Iulia, one of Europe’s leading producers of porcelain plates, plans to invest EUR10 million in a porcelain cup production unit. -
ZF English - 23:25 Oct 04, 2023
An International Monetary Fund (IMF) mission, led by Jan Kees Martijn, has presented in Bucharest, on October 4, its preliminary findings regarding the evaluation of Romania's economy. -
ZF English - 22:52 Oct 04, 2023
Romanian low-voltage electrical equipment maker Contactoare Buzau (CONQ.RO) has announced the acquisition of a package of 720,000 shares in Sinterom Cluj (SIRM.RO), a Romanian manufacturer of components for the automotive and electromechanical industries, from Infinity Capital Investments (the former SIF Oltenia). -
ZF English - 22:24 Oct 04, 2023
Golden Foods Snacks, which owns the ELMAS brand of seeds, peanuts and dehydrated fruits, expects exports to make up 10% of its sales in 2023, compared to 6.9% in 2022, in line with the company's half-year financial report sent to the Bucharest Stock Exchange. -
ZF English - 21:56 Oct 04, 2023
NN Pensii, the largest private pension fund operating on the mandatory segment in Romania (Pillar II), in August 2023 increased its ownership stake in telecom operator Digi (ticker symbol DIGI.RO) by acquiring shares from stock market investors. -
ZF English - 21:21 Oct 04, 2023
Poland's private equity firm Innova Capital has changed the name of Netopia SRL, in which it had acquired the majority stake in summer 2023, into UP2PAY SRL, as per an announcement made by the company and in line with Trade Register data. -
ZF English - 20:47 Oct 04, 2023
IKEA Romania, one of the largest furniture and home décor retailers, part of Swedish IKEA Group, is set to build its fourth store in Romania, in the north-eastern city of Iasi, within the future Moldova Mall (the current ERA Shopping Park), according to www.iasi4u.ro. -
ZF English - 20:03 Oct 04, 2023
Romania’s current labor deficit is estimated at 145,000 people in 2022 and is expected to increase to about 224,000 people in 2026 without taking any measures, representatives of the American Chamber of Commerce in Romania (AmCham Romania) said in a press statement based on data from a recent PwC analysis regarding the labor market. -
ZF English - 19:45 Oct 04, 2023
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, continued to stagnate at 6.40% a year in early October, just like in September and the second half of August 2023. -
ZF English - 19:15 Oct 04, 2023
Startup Nooka Space Has New CEO; On The Verge Of Raising New Funding Round Estimated At Around EUR2M
Startup Nooka Space, which created a platform that connects companies and their employees to a network of offices, has announced the appointment of Irina Leca as Chief Executive Officer of the company. -
ZF English - 18:34 Oct 04, 2023
Do-it-yourself (DIY) retailer Dedeman, the most powerful Romanian entrepreneurial business, is opening its second store in the town of Craiova, on Thursday (October 5), reaching 60 units in Romania. -
ZF English - 18:08 Oct 04, 2023
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported revenue of EUR95 million for the first half of 2023, up 28% on the year, and a net profit of EUR18.4 million. -
ZF English - 13:12 Oct 04, 2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched up 0.6% in unadjusted data and grew 1.1% when adjusted for seasonality and number of working days, in August 2023 compared to August 2022, data from the country’s statistics institute INS showed on Wednesday (October 4). -
ZF English - 09:46 Oct 04, 2023
German-held builder Geiger expects 20-25% higher turnover this year at the level of Romania operations, after having reported EUR70 million revenues in 2022, up 31% year-on-year. -
ZF English - 08:15 Oct 04, 2023
Accor, a leading hotel group in Europe, is expanding and entering with its first hotel on the market of Cluj, where an ibis Styles-brand hotel will be opened in the second quarter of 2025. -
ZF English - 07:12 Oct 04, 2023
Private hospital Sanconfind of Campina, with a 90-bed capacity, wants to add new medical specialties to the 20 already existing ones. -
ZF English - 06:41 Oct 04, 2023
Drug store chain Tei, one of the most dynamic on Romania’s market, founded by entrepreneur Roxana Maftei, continues to expand outside Bucharest and has opened a new store together with Bebe Tei in Pitesti, according to the company’s officials. -
ZF English - 06:33 Oct 04, 2023
Car parts manufacturer Joysonquin Automotive Systems Romania, the local subsidiary of Chinese concern Joyson, for 2022 reported turnover worth RON584.4 million (EUR118.5 million), up 2.3% on the year, in line with ZF calculations based on Finance Ministry data.