Romania Feed

The inflation and the rising interest rates will certainly impact the residential real estate market as the market is strongly linked to lending policies, according to Bogdan Sergentu, Head of Valuation & Consulting within real estate consulting firm Cushman & Wakefield Echinox.

Romania's central bank on Wednesday (June 6) raised its benchmark interest rate to 4.75% a year from the current rate of 3.75% a year, starting July 7, 2022.

SmartBill, a company that operates an invoicing and management solution for small and medium-sized enterprises (SMEs), had a turnover of over RON23 million (EUR4.6 million) at end-2021, up nearly 35% from a turnover of over RON17 million (EUR3.4 million) in 2020, company representatives said in a statement.

The number of real estate deals in Romania stood at 52,946 in June 2022, 11,660 fewer than in May 2022, data from the national cadaster agency ANCPI showed Wednesday.

Retail turnover, the main barometer for private consumption, in the first five months of this year went up by 5.7% in gross series from the year-earlier period, amid rising sales of fuel (by 10.1%), non-food items (6.9%) and foodstuffs, beverages and tobacco (by 1.9%), in line with data from the country’s statistics board INS.

Vodafone, one of the biggest players on Romania’s telecom market, has launched the commercial platform named EasyTech, bringing an extensive range of products both in the online store and in physical stores, as well as new services, in addition to the existent convergent communications packages.

Romanian Business Consult (RBC), the biggest IT integrator for the retail industry in Romania, has completed the purchase of local company SmartPay Software (SPS), specialized in the development of solutions for the payment processing industry, thus cementing its presence on the market of IT solutions in banking and electronic payment.

Cargus, one of the biggest players on Romania’s courier services market, has a EUR55 million investment budget for the next two years, with investments set to focus on e-commerce, innovation and the development of the out of home network and logistics.

Tulcea-based Lidas, owned by entrepreneur Elena Anastase, which owns a bakery plant in Mineri locality of Tulcea, but also its own store network, in 2021 generated turnover worth RON86.6 million, 12.5% higher than in 2020 and for 2022 budgets 10% turnover growth.

Software services and solutions provider NTT Data Romania ended 2021 with more than RON425.8 million (EUR86.1 million) revenue, an increase of almost 15% on the previous year, the first year of the pandemic, Finance Ministry data show.

The “Made in Romania” Nominations Committee has selected its 50 semi-finalists out of the 350 companies nominated on the platform www.investingromania.com.

Neversea and TOKHIT have joined forces to create a Crypto-Friendly festival. Content creators, artists and fans who support the project will be able to be rewarded with cryptocurrency prizes for investing in TOKHIT tokens during the festival.   TOKHIT is the first Social Networking Game in Romania, i.e. a social network based on Gaming principles, […]

Spanish investors in Romania are particularly interested in the real estate market, the construction and the IT&C sectors, in line with data from the Association of Spanish Companies in Romania (ASEMER).

Raiffeisen Bank’s Supervisory Board has appointed Alina Rus as Chief Financial Officer (CFO) and member of the Executive Board.

DDB Romania signs the newest McDonald’s brand platform, accompanied by an extensive communication campaign. “Something good awaits you” has two main components: a Brand Manifesto and an Employer branding campaign, addressed to potential and future employees of the famous brand.   McDonald’s Romania has always been a benchmark both in terms of quality standards, food […]

Investment company Encore Capital Trust (ECT) successfully completed the first round of financing by attracting RON 17.7 million from several strategic investors. Thus, the company’s capital reached RON 18.2 million (approximately EUR 3.7 million).   Among the investors that participated to the first round of financing there are several successful entrepreneurs, such as Dan Sucu, […]

Continuing Ford’s accelerated transformation of its business in Europe to achieve an all-electric future, today Ford of Europe officially transfers ownership of its Romanian plant to Ford Otosan. Following a previous announcement and regulatory approval, the agreement between Ford of Europe and Ford Otosan has now been finalised.   By combining the Craiova plant’s production […]

Investment company Encore Capital Trust (ECT) successfully completed the first funding round by attracting RON17.7 million from several strategic investors, with the company’s capital reaching RON18.2 million (nearly EUR3.7 million).

Global tax software provider Sovos today announced an expanded partnership with PwC Romania that will allow for the local distribution of Sovos’ SAF-T solution. The deal will take Sovos’ leading software solution and combine it with PwC Romania’s market-leading service and delivery capabilities in the region.   PwC Romania is working with over 50 businesses […]

The office building situated in Thomas Masaryk Street no. 19, District 2, will become an important medical simulation center starting this year, following the transaction between MAD Planning & Projects – which sold the building – and the “Carol Davila” University of Medicine and Pharmacy in Bucharest – which purchased the property. The transaction was […]