Romania Feed

Private lending in Romania grew by 16.5% in nominal terms (1.8% in real terms) to RON345.2 billion in May 2022 compared to May 2021, as local currency lending increased by 20% (4.8% in real terms) and foreign currency lending by 8.2% when expressed in lei (7.6% when expressed in euros), central bank data showed on Monday.

Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, has attracted EUR2.4 million in EU funds from the European Regional Development Fund REACT-EU for a total investment of EUR4.3 million in Suceava County.

Romania’s finance ministry listed four new issues of FIDELIS government bonds totaling over RON1.44 billion, on Monday (June 27). The four issues are traded under the stock symbols R2306A, R2506A, R2306AE, R2406AE.

Dacia Plant, which specializes in manufacturing food supplements and tea, overshot the RON50 million turnover mark in 2021 after a 24% year-over-year increase.

This year Dentons celebrates a quarter century of delivering legal advice to its clients in Romania and the region. Perry V. Zizzi, Managing Partner of Dentons Romania, sat down with BR to discuss how the practice of law has changed and the long-term outlook on the Romanian market. By Anda Sebesi   Dentons has been […]

The four building materials factories in Romania of Austrian Leier Group generated combined revenue of RON286 million in 2021.

US President Joe Biden at the G7 Leaders’ Summit on Monday announced allocation of a $14 million grant under the Partnership for Global Infrastructure and Investment (PGII) initiative for a new phase of the small modular nuclear reactor development by NuScale in Romania, Nuclearelectrica (SNN.RO) said.

Petronius Secareanu, General Manager at Canon Romania and Bulgaria, sat down with Business Review to talk about how the company helps its corporate clients become more productive and collaborate more efficiently, in a secure manner, in the hybrid work environment. By Anda Sebesi   Hybrid work has become the new normal for many companies. What […]

Four years after entering Central & Eastern Europe, Maple Bear, the largest and fastest growing franchise of K-12 bilingual schools in the world, is partnering with Vantage Capital in a €100 million investment program for the region.   The Vantage investment program in Maple Bear Central & Eastern Europe has four components: An equity investment […]

Starcom Romania launches the Purchase Journey – Gen Z vs. Millennials study, that takes an in-depth look at each stage of the purchasing process of Generation Z and Millennials, as well as other aspects that contribute to the decision-making process, such as the advice they receive from their parents on buying various products or the […]

Deep-tech company Humans.ai is launching Humans Scale, a complex launchpad focused on connecting innovative AI startups with real world use cases by enabling AI researchers and developers to expand their projects beyond the initial PoC stage, from web2 to web3, by helping them to bring their technology to the market.   With its complex ecosystem […]

The Romanian PM’s announcement that it identified a solution to reduce the price of gas at the pump by 50 bani per liter is yet a new compensation scheme meant to ease the impact of energy prices on the population. So far in Romania the government decided to reduce VAT on energy for the home […]

Romanian Tech Startups Association – ROTSA, in partnership with Techcelerator and Rōnin, launches Startup Reaktor, an incubation platform for technology start-ups in Central and Eastern Europe. The goal of the program is to identify and develop 200 start-ups through entrepreneurship education programs in the next three years and provide them access to investors, accelerators, universities […]

Real estate developer Zacaria, part of international Alf Mizzi & Sons group, is to open a retail park in Cisnadie, Sibiu County, in the second half of next year, following a more than EUR11 million investment.

Retail pharmacy chain Farmacia Tei, a business set up by entrepreneur Roxana Maftei, reaches seven units after opening a new pharmacy in northern Bucharest, within the Metav industrial park, close to the Baneasa international airport.

The Romanian subsidiary of Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, had a net profit of RON21.7 million in 2021, up 45% on the year, in line with finance ministry data.

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, resumed its upward trend after a five-day break and increased to 6.26% a year on Monday (June 27), as per central bank data.

The level of stress faced by more than half of working women (53%) is higher than a year ago, and 46% say they are exhausted, according to Deloitte’s Women @ Work 2022 Study, conducted globally. Moreover, exhaustion (burnout) is one of the main reasons why women decide to resign (40%). More than half of the […]

Business travel and employee commute have always been hot topics for any company. Of course, buying and maintaining a car fleet is a reasonable decision, but not always a practical one.   When your company is large or medium-sized, extra costs begin to pile up, starting with maintenance, fuel, parking, and ending up with all […]

Simus Trading, the company operating photo and video equipment store Photosetup, saw its turnover surging by 63% in 2021 to RON12.1 million, in line with finance ministry data.