Romania Feed

A company of Brasov, founded in 2013 by two brothers, Tudor and Alexandru Iliescu, which has become, with its Mondly brand, a global leader on foreign language learning app market, has been acquired by British giant Pearson, the global leader of the learning services market.

DP World, one of the world’s biggest port operators, is set to invest $15 million in an intermodal terminal in Decea, near Aiud, which will connect the central area of Romania to Constanta harbour.

Romanian businessmen Manole Gheorghe and Vasile Domente are virtually turning Moldavia into Romania’s new wind power pole.

The shareholders of river shipping company Transport Trade Services (TTS) approved the Management Board’s proposal related to the distribution of RON17.8 million worth of dividends.

Craiova-based Softronic, the only manufacturer of electric multiple units and locomotives in Eastern Europe, ended the first quarter of 2022 with of growth of 52% on the year-ago period, the company officials said.

Real estate developer Impact Developer & Contractor (IMP.RO) has signed two general contractor agreements worth EUR10.48 million plus VAT or more than 10% of the net revenue in the last financial statement, the company said in a notification to the Bucharest Stock Exchange.

Beginner entrepreneurs in Romania may enroll between May 2 - 20, 2022 into the Startup Studio by Factory program launched by Raiffeisen Bank, within which business ideas are debated with mentors and specialists in order to stand a better chance of obtaining funds.

Prime Minister Nicolae-Ionel Ciuca, Energy Minister Virgil Popescu and David Muniz, Chargé d’Affaires ad-interim of the US Embassy to Romania, on Tuesday attended the signing of the contract for the sale of Exxon’s stake in the Neptun Deep block to Romgaz, a government press release says.

About 1,600 creditors of Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON9 billion (EUR1.8 billion), in line with information from representatives of CITR, the court-appointed liquidator of the insurer.

Deloitte Romania and Reff & Associates | Deloitte Legal assisted Knauf Insulation, one of the world’s largest manufacturers of insulation solutions and part of the German Knauf group, in taking over the mineral glasswool factory Gecsat located in the Romanian locality of Tarnaveni (Mures County).

Romania’s national commission for prognosis and statistics in its spring report revised downward its projection for the country’s economic growth for 2022 to 2.9% from a previous projection of 4.3% in its winter forecast, in the context of Russia-Ukraine conflict and the international sanctions imposed.

DRUID, the end-to-end platform for building AI-driven conversational business applications, announces that it has raised a fresh round of funding. This new $15 million round will be used to fuel its international expansion, by actively hiring new talents, to support its accelerated growth across Europe and North America. Furthermore, DRUID will extend its technological leadership […]

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, has increased to 5.07% a year on Tuesday (May 3) from 5.01% on Monday (May 2), as per central bank data.

Bento – Intellectual Curious (2B Intelligent Soft), a Romanian entrepreneurial company founded in 2004 and specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, has implemented the Bento Granar solution within Comvex, the most modern grain port terminal in Romania.

Romania's state-owned lender CEC Bank becomes primary dealer on the government securities market, starting May 2, thus joining the other seven primary dealers.

Romania's Transport Ministry has approved the purchase of 12 hydrogen fuel cell trains as part of a pilot project aimed at testing "green" trains.

Industrial production prices for the domestic and non-domestic markets grew by 51.7% in March 2022 versus March 2021 and by 7% in March 2022 compared to February 2022, data from Romania’s statistics board INS showed Tuesday.

Sodexo, one of the largest players on the Romanian meal vouchers market, has concluded a strategic partnership with furniture retailer IKEA that will enable customers to use Gusto and Gift cards in IKEA Romania stores.

Starcom Romania launches the Events Behavior in 2022 study, which analyses Romanians’ preferences in terms of events and how these preferences differ according to age segments, as well as how people make decisions on the events they will attend, which are the main sources of information on events and which are the most anticipated festivals […]

Johan Gabriels, the Regional Director for South-East Europe of fintech iBanFirst, has been appointed President of BEROCC – the Chamber of Commerce for Belgium, Luxembourg, Romania and Moldova at the General Assembly. He succeeds Koen Vanvinckenroye, who has led the organisation for the past two years.   Johan Gabriels coordinates the expansion strategy of Belgian-French […]