Romania Feed

Nestor Nestor Diculescu Kingston Petersen (NNDKP) won the “Romania Law Firm of the Year” award at the Chambers Europe Awards gala, a hallmark event organized on April 22, 2022 by Chambers and Partners, one of the most prestigious directories dedicated to the legal services market.   This is the 6th time NNDKP has received this […]

UiPath, the most valuable startup to come from Romania, which has been on the New York Stock Exchange for more than a year, on Wednesday afternoon announced the appointment of Robert Enslin as co-CEO starting May 16.

Romania’s general consolidated budget increased by 7% to RON15.7 billion in the first three months of 2022 compared with the year-ago period, the Finance Ministry announced on Wednesday.

More than half (54%) of local companies are planning to reduce carbon emissions, according to the latest edition of the Deloitte CFO Survey Romania, conducted among over 100 CFOs based in Romania. Almost a quarter of the respondents (24%) stated their companies planned to reduce own emissions by 50% or more, whilst 16% planned to […]

Real estate developer, Element Industrial, announces a new investment of 20 million euros, for extending another 30,000 square meters of the ELI Park 3.   Ferro Romania, the local division of the Polish Ferro group, which sells sanitary installation equipment, has pre-leased an area of 16,000 sqm. The pre-lease transaction was brokered by ESOP agency. […]

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use, and office real estate in Romania, convened a General Meeting of Shareholders (GMS).   During the GMS, the shareholders approved, among other items, the distribution of the second tranche of the dividends, share capital increase with cash contributions or the issuance of convertible bonds, […]

Campus 6.2, the second phase of the Campus 6 project developed by Skanska in the Iuliu Maniu area, achieves the WELL Core & Shell certification at a Gold level.   The project thus becomes the second office building in Romania to hold all three prestigious WELL C&S Gold, LEED Platinum, and WELL Health-Safety Rating certifications, […]

2,072,469 €: This is how much BASF employees donated to the BASF Stiftung (BASF Foundation) as part of the company-wide initiative #ColleaguesForUkraine – by far the highest result of an employee donation campaign in BASF’s history.   The company will double the amount. This means that a total of more than €4.1 million will benefit […]

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, rose to 4.79% a year on Wednesday (April 27) from 4.76% on Tuesday (April 26), central bank data show.

Private lending in March expanded by 15.7% from the year-earlier period, to RON336.1 billion, after local currency lending increased by 20% and foreign currency lending by 5.6% when expressed in lei, central bank data showed on Wednesday.

Hypermarket network Auchan has expanded with a new logistic center in Calan locality of Hunedoara county.

Switzerland’s Artemis, which owns five industrial parks near Timisoara, is set to deliver in May the third building it developed in Sanandrei Industrial Park.

Petre Niculae plans to develop the biggest housing project in the proximity of Bucharest’s Lacul Morii, a project Crosspoint consultants put at EUR500 million.

Romania’s private healthcare market has been among the most dynamic fields in the past two pandemic years, but inflationary pressures are building and estimates point to a single-digit increase this year.

Makita EU, a Japanese electrical tools producer, P3 Logistic Parks (P3), a logistics investor, and Bacau-based window maker Barrier have already built hundreds of housing units for employees.

TeraPlast Group (TRP.RO) posted RON6.8 million net profit in the first quarter of 2022, compared with RON200.6 million in the first quarter last year, while revenue from its contracts with customers went up 58% to RON170.6 million, the group’s quarterly report published on the Bucharest Stock Exchange on Tuesday shows.

Romanian software development company mindit.io expanded with a new office in Switzerland earlier this year and plans to recruit 10 people for the new office by the end of this year, the company officials said in a release.

eToro, the social investing network, announced today the launch of BatteryTech, the latest addition to its suite of themed Smart Portfolios, offering investors long-term exposure to the fast-growing battery industry.   The focus on advancing energy storage and efficiency has taken center stage in our economies as a key enabler to transitioning to a renewable […]

Orange, the leader of the telecom market in Romania posted consolidated revenue (for Orange Romania, Orange Romania Communications and Orange Money) of EUR384 million in the first quarter, the group said in a release.

Dell Technologies announces the expansion of its edge solutions to help retailers quickly generate more value and deliver enhanced customer experiences from data generated in retail locations.   From grocery merchandising and curbside pickup to frictionless checkout and loss prevention, retailers have embraced edge technologies to keep pace with industry demands and create better customer […]