Romania Feed

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, grew to 6.15% a year on Friday (June 10) from 6.13% a year on Thursday (June 9), as per central bank data.

A new gastronomic attraction has opened in the Metropolitan area of Bucharest. Located on 46 Pipera Boulevard in Voluntari, Sciccheria is an Italian restaurant with Sicilian influences, whose menu was created by chef Michael Passarelli and his father, chef Antonio Passarelli. The list of dishes of the place includes outstanding products made of quality ingredients, […]

Skanska’s commercial development business unit in CEE has a long-term experience in creating inclusive workplaces in terms of gender and various ability levels.   As confirmed by an internal annual survey, 84% of employees of Skanska commercial development business unit in CEE consider their company as an inclusive workplace with inclusive leadership. Nevertheless, the company […]

Net investments in the Romanian economy grew by 1.2% in the first quarter of 2022 compared with the same period in 2021, up to RON24.416 billion, data from the country's statistics board showed Friday.

Wolf Theiss welcomes Flavius Florea as Counsel and Head of the TMT, IP & Data Protection practice in Romania. He will lead and strengthen the practice, adding valuable expertise to the local team.   Flavius Florea has practiced law for more than 10 years, focusing on technology law, intellectual property and data privacy. His areas […]

The average net salary in Romania increased by 0.8% in nominal terms in April 2022 compared with March 2022, to 3,967 lei (EUR803), data from the country's statistics board INS showed Friday (June 10).

Romania's annual inflation rate surged to 14.5% in May 2022 compared to May 2021, data from the country's statistics board INS showed Friday (June 10).

The International Monetary Fund improved its economic growth prognosis for Romania to 3.5%-4.5% this year and next year.

Reckitt Benckiser Romania, the local subsidiary of the British company, which brings Nurofen brand locally, the bestselling over-the-counter drug, ended 2021 with RON390 million turnover, down 11% on the year.

Spirits producer Prodvilanco, majority held by Mircea Todea, Vasile Albon and Marcel Hosu, projects RON57 million turnover for 2022, up 5% on the year. As regards profit, the company’s representatives expect a decline on inflation fallout.

Vlad Ardeleanu, CEO of medical operator Medima Health, says the company will see turnover more than triple in 2022 against 2021. This would drive its business to over RON40 million, in line with ZF calculations.

Alternative investment fund Agista, helping local SMEs get listed on the Bucharest Stock Exchange, mulls clinching as many as six deals in 2022, says CEO Nicolae Kovacs.

SIF Oltenia (SIF5.RO), as a shareholder holding 4,364,430 shares or 3.270% of Romania’s export and import bank EximBank, on Thursday expressed its intention to withdraw from the status of shareholder thereof in accordance with the provisions of Article 134, paragraph 1 of Law 31/1990 R, the company announced in a report to the Bucharest Stock Exchange.

Michelin Romania, part of the French Michelin Group, one of the world's largest tire manufacturers, posted more than RON4.21 billion (EUR856.3 million) revenue in 2021, up 32.4% from the previous year’s RON3.18 billion (EUR658 million), according to data from the Finance Ministry.

The green bonds of Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, started trading on the Main Market of the Bucharest Stock Exchange on Thursday (June 9), under the ticker symbol BCR27A.

Shareholders of Romanian electricity supplier Electrica Furnizare approved on June 9, 2022 a total ceiling of short-term financing of RON1.5 billion up to RON1.7 billion to be contracted in 2022 from commercial banks and international financial institutions for the company’s current activity, as per a stock market report.

Romania’s Competition Council has approved a transaction whereby Marcos Provit, part of Evofarm group, acquired the Gifarm pharmacy in Tecuci at end-March 2022.

Construction company P.A.B. Romania, controlled by entrepreneur Ion Sandu in Arad, posted RON195.5 million (EUR39.7 million) revenue in 2021, down 19.7% compared with the RON243.6 million (EUR50.4 million) of the previous year, ZF has calculated from Finance Ministry data.

Theta Furniture&More, one of the largest players in the interior design and custom furniture market in Romania, has invested EUR4 million in an own factory located in the Paulesti commune (Prahova County).

Low-cost airline Blue Air has recently canceled flights scheduled for the summer season 2022 on at least 20 routes to and from Romania.