Romania Feed

Coca-Cola HBC Romania, the biggest beverage bottler locally, ended 2021 with RON2.76 billion turnover, up 13.5% from 2020, in line with ZF calculations based on Finance Ministry data.

Agroland Agribusiness, part of Agroland group, is in talks to acquire a farm and a silo, in an investment put at EUR2 million, explained Florin Radu, general manager of the company.

Tradeville, the broker controlled by entrepreneur Andrei Siminel, for 2021 reported RON29 million turnover, up 34% on the year, and net profit of RON11.8 million, 34% higher than in 2020, in line with ZF calculations based on Finance Ministry data.

Catena-Fildas group reached EUR2 billion cumulated turnover from pharmacies and distribution in 2021, up 8% from 2020, in line with ZF calculations based on company data.

Recruitment process outsourcing is a growing sector with plenty of room for expansion. Workplaces are quickly evolving, and businesses must respond and adapt swiftly to stay competitive. It is critical to be capable of efficiently sourcing and acquiring outstanding talent.   RPO provides innovative technologies, in-depth industry knowledge, and flexible approaches to ensure that today’s […]

Today, Romania is emerging as a top development outsourcing location. According to recent reports, Romania is currently one of the top 20 software development countries in the world. With roughly a 25% yearly growth rate in the Romanian software market, opportunity is booming in the IT field for enterprises and fintech startups. Therefore, tech company […]

Are you an entrepreneur, small business owner, or freelancer who wants to build a successful online presence? If so, you’re in luck! This comprehensive guide will teach you everything you need to know about creating a website, developing an online marketing strategy, and using social media to reach your target audience. We’ll also offer tips […]

Omer Tetik, CEO of Banca Transilvania (TLV.RO), Romania's largest bank by assets, sold one million shares in the lender on June 7, 2022, according to a report to the Bucharest Stock Exchange. The price per unit reached RON2.45, bringing the total to RON2.45 million.

Real estate developer Impact Developer & Contractor (IMP.RO) has notified shareholders of the signing of a working capital loan agreement, under which it got EUR20 million from Alpha Bank, the company said in a report to the Bucharest Stock Exchange.

MedLife, the leader of the Romanian private medical services market, has acquired the entire package of shares in the Tomorad Diagnostic and Imaging Medical Center in the town of Sfantu Gheorghe and also 60% of the shares of the Gastroenterology Medical Center in the town of Targu Mures.

Raiffeisen Bank, one of the largest lenders in Romania, on Friday said it raised RON525 million from stock market investors through an issue of green bonds with a five-year maturity and an annual fixed coupon of 8.927%.

Rompetrol Rafinare (RRC.RO), a member company of the KMG International Group and the operator of the Petromidia Navodari and Vega Ploiesti refineries, has recently completed the repair works of the Diesel Hydrotreating unit (HPM) affected by the technical incident that occurred in July 2021, the company said in a stock market report.

The management of One United Properties, a real estate developer of residential, office and mixed-use projects in Romania, on Friday informed investors of the subscription price of new shares within the share capital increase operation, following the Resolution of the Extraordinary General Meeting of the Shareholders no. 62 of April 26, 2022.

The European Investment Bank (EIB) transferred almost EUR1.4 billion to Romania under the Modernization Fund scheme to finance strategic projects in the country’s energy sector, according to Romania’s energy minister Virgil Popescu.

Hidroelectrica, the largest electricity producer in Romania, plans to build a solar photovoltaic (PV) park and a hydrogen-fueled power plant in central Romania.

The International Monetary Fund (IMF) warned the Romanian government that it must take fiscal measures and reform and boost taxes in order to rebuild the fiscal space below 3% of gross domestic product (GDP) and thus lean against deteriorating financing conditions.

IMPACT Developer & Contractor received the “Developer of the Year” award at the Romanian Property Awards gala, held in Snagov on June 9, 2022.   The award comes as an important recognition considering that 2021 represented for IMPACT a year with many challenges, but also with many successes and objectives achieved, a year in which […]

A study by Compare the Market Australia has ranked 26 European countries on factors such as homeownership rates, average property price per square meter, and average monthly rent in each country to reveal the countries with the highest homeownership rates in Europe.   Romania has the highest percentage of homeowners, with a 96.1% homeownership rate. That’s […]

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced version 22.0 of EcoStruxure™ Automation Expert, further enhancing the capabilities of the world’s first software-centric universal automation system.   Consumer-packaged goods, logistics, water and wastewater operations now have next generation automation capabilities and unrivaled operational flexibility with EcoStruxure Automation Expert […]

The speech-to-text technology developed by Romanian startup Vatis Tech for Romanian language exceeds by far the accuracy offered by tech giant applications when transcribing audio-video files.   Completed in only 9 months after the first investment into the start-up, Vatis Tech platform reaches an accuracy of 97% at voice-to-text conversion. Thus, tens of thousands of files […]