Romania Feed

Romanians spent EUR1.9 billion on travel abroad in January-April 2022, as compared to EUR953 million in the same period of 2021, when there were travel restrictions in force amid the pandemic, in line with official data from Romania's central bank .

Par baked bread and pastry company La Lorraine has a EUR70M investment project to develop its activity in several stages.

Dai-Tech SA, which owns Romanian brand nJoy of IT&C equipment and solutions for the protection of electrical and electronic equipment, launched in 2010, plans to expand sales into new external markets, aiming for North Africa and the Middle East, as per a statement by company representatives.

76% of Romanians are concerned about a possible economic crisis that might impact their financial situation, as per the latest edition of the UNSAR - IRES Barometer regarding the perception of risk and insurance in Romania (2022).

Agroland Agribusiness (AAB.RO), a company that sells inputs for organic and traditional agriculture and is part of the Agroland group, has notified the Bucharest Stock Exchange of its plan to conduct a share buyback program between June 20, 2022 and December 4, 2023.

Polish-held retailer of products for children Smyk All for Kids Romania posted RON90.5 million sales in 2021, 70% higher than in 2020 and expects the trend to continue in 2022, says general manager Sorin Stancu.

AFI Tech Park 2, the second phase of the AFI Tech Park office development built by AFI Europe Romania near the Palace of Parliament in capital city Bucharest, has received the LEED Platinum precertification after successfully completing the GBCI review of early design stage documentation.

SeedBlink, the European investment platform specialising in funding and scaling technology startups, is launching a new funding round for Agriniser, the UK-based Bulgarian Agritech company that has developed a digital marketplace where one can buy and sell grain, as per a statement.

Cargus, one of the largest players in the courier industry in Romania, ended 2021 with a turnover of RON450 million, down almost 9% from 2020, and had a constant level of the volumes delivered, maintaining the same trend as in the previous year.

Logistics and industrial real estate developer Element Industrial plans to deliver 200,000 square meters of space in Romania by the end of 2023, says managing director Andrei Jerca.

Romanian real estate developer Camicna Development is set to invest EUR25 million in a residential project with 51 apartments near Baneasa forest (in the north of capital Bucharest), which is due to be completed in the fourth quarter of 2023.

MedLife, the leader of the private medical services market in Romania on Tuesday (June 21) announced the signing of the acquisition for 80% of the shares of Medici’s, the most important local medical operator in Timisoara (western Romania).

Telecommunications operator Digi Communications (DIGI.RO) announced that Citymesh Mobile, a joint venture where the Romanian subsidiary of Digi and Citymesh, a company registered in Belgium and part of the IT group Cegeka, on June 21, 2022, won the 5G spectrum frequency user rights in the auction organized by Belgian Institute for Postal Services and Telecommunications (“BIPT”).

Actual Individual Consumption (AIC) is a measure of material welfare of households. In 2021, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 63% to 146% of the EU average across the 27 Member States.

The Bucharest Stock Exchange on Tuesday said the bonds issued by Crama La Salina, in the amount of EUR2 million, will start trading on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange on Thursday (June 23).

Private and public owners of plots of land appropriate for afforestation are offered grants under a EUR500 million scheme 100% funded under the Recovery and Resilience Facility (RRF), already approved by the European Commission.

The shares of Romanian fast-moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) will be included in the FTSE Russell indices dedicated to emerging markets, starting with June 20.

SAS, a global leader in advanced data analytics solutions, is launching a postgraduate continuous education program in partnership with Polytechnic University of Bucharest – UPB.   The decision is part of SAS’ sustained effort to create new capabilities in the advanced data analytics labour market, in the context of a shortage of approx. 25,000 roles […]

The Romanian Diversity Chamber of Commerce (RDCC) and the European Bank for Reconstruction and Development (EBRD) are proud to be organizing the second regional Equality, Diversity and Inclusion in Central and Eastern Europe Conference: Today and Tomorrow on Wednesday 29 June 2022, from 09:00 to 16:30, at the Radisson Blu Hotel in Bucharest.   The […]

SeedBlink, the European investment platform specialising in funding and scaling technology startups, launches new funding round for Agriniser, the UK-based Bulgarian Agritech company, that has developed a digital marketplace where one can buy and sell grain. The funds will be used to support the startup’s expansion plans, with a first goal to enter the Romanian […]