Romania Feed

ING Bank Romania has granted investment loans worth over EUR25 million over the last three years to Boromir, the largest Romanian-held business in the milling and bakery sector.

Four months after the start of hostilities in Ukraine, first lessons can be drawn: the conflict, which is set to last, has already upset the global geo-economic balance.

Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON393.35 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Thursday (June 23).

ASEE, the largest IT company in Southeast Europe (SEE), part of ASEE Group (Asseco Group) is acquiring Romanian company Bithat Solutions, which develops storage, digitalization, archiving and management solutions (data and documents), the two companies said in a statement.

Wine producer Crama La Salina is listing its first bond issue, worth EUR2 million, under the stock ticker ISSA26E, on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange, on June 23, 2022.

Ransomware, info-stealers, phishing emails: malware has many faces, and many companies and organizations reveal weaknesses in the defensibility of their IT security systems. Hackers blackmail companies with their own data, a backup is not available and so the restoration of the systems sometimes takes months until daily operations can be returned to. By Dan Popa, […]

The overall economic situation and the social and political context are the main reasons for concern for Romanian Millennials and Generation Z, who expect worse economic conditions (59% of Millennials and 49% of Gen Z) and sociopolitical context (55% and 45%, respectively) this year, up by at least ten points compared to last year, according […]

The real estate developer STC Partners launches the residential project Quartier Azuga with over 200 apartments and an investment of more than 20 mil. Euro. The apartment complex, located in the Doamna Ghica area of Bucharest, will be developed in two phases, with five buildings.   The developer will start construction of Quartier Azuga this […]

Chairry Design & Furniture, a company specializing in fit-out – complete interior design solutions – is leasing a 240 sqm space in the UpGround compound, owned by the international investor Globalworth, in the Northern area of Bucharest. The company’s 12 Bucharest-based employees will relocate to the new space starting July this year.   The new […]

Vodafone, a major player on Romania’s fixed and mobile communications market, has started a business model redesign program, which envisages the identification of new growth sources for the company and which will also entail, at this stage, organizational structure changes and a reduction in the number of positions that will impact less than 5% of the total number of employees.

French group Lagardère, present in Romania via Travel Retail, Lagardère Travel Retail, active in the travel retail sector, plans to open 30 new spaces in Romania by the end of this year, mainly focusing on proximity concepts and development in airport areas.

One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out on the market by being the sole authorized distributor of Apple gadgets in Romania, in 2021 joined the club of RON billionaires, after its turnover skyrocketed from RON16 million in 2020 to RON1.3 billion in 2021.

Albalact, the largest company in Romania’s dairy sector and part of Lactalis Romania group, in 2021 reached RON848.7 million turnover, up 11% year-on-year.

Four-star Nyota Hotel & Conference Center of Mamaia, with a capacity of 73 accommodation places, has budgeted 10% higher turnover for this year.

YouTube is a great place for anyone to find helpful tips and tricks for just about anything. And business is no exception. There are channels dedicated to helping entrepreneurs learn all aspects of the business from those looking to generate more sales, improve their marketing, be a better leader, or even how to hire the […]

The Internet of Things (IoT) is helping businesses to prosper. It creates a competitive advantage for the business and helps create new openings in businesses.    Present businesses are data-oriented, where each piece of information bears importance. One more thing that requires mention in this flow of analysis is data security. Blockchain Technology can be […]

If you can play smarter, you can mitigate the risk of Cryptocurrency. And if you just invest your money because your boss has also invested, you are actually gambling with your hard-earned money.   Cryptocurrency! There are some people who just want to walk aside when they hear this name. And there are also some […]

Did you know that Blockchain wasn’t even a term a decade ago? Yes, it all commenced with the idea of Cryptocurrency, and now it is one of the mainstream names in society. So, what is everyone talking about Blockchain revolutionizing many industries in 2022? Have some industries already started using Blockchain as a service? What are the different services […]

There is a thin difference when we discuss the industries in which Blockchain will revolutionize, and we talk about the industries in which Blockchain will disrupt.   The industries which we will be pointing out today are definitely industries that can benefit from Blockchain Technology. But, the reason why we use the disruption is that […]

As NFTs revolutionize the world with their innovative technology, many industries have seen how they have changed the industry completely. However, some of the biggest growth has come from the gaming sector.   NFTs in gaming have allowed gamers to participate in the Crypto industry. The sheer possibility has made gamers, and Crypto investors sink […]