Romania Feed

Resource Partners signed an agreement to sell its holding in World Class Romania to African Industries Group for an undisclosed sum.   On April 15th 2022, Vectr Fitness (part of African Industries Group, a group of privately held companies), and Resource Partners, the majority shareholder of World Class Romania, announced the execution of a transaction […]

KeysFin analysts expect food retail sales in Romania to exceed the RON142 billion threshold in 2021, due to increased demand and to elevated inflationary pressures.

African Industries Group (AIG) has acquired control of fitness center network World Class Romania via Vectr Fitness, which means Poland’s Resource Partners exited the business.

Romanian startup Bunnyshell, the Environment-as-a-Service (EaaS) platform, on Thursday said it had raised $4M in additional funding.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) launches the corporate social responsibility (CSR) platform “Nucleus of care”, which follows the strategic directions and the company’s vision to build a sustainable future for the next generation by producing clean energy at excellent standards and through the socio-economic impact it has in Romania.

The shareholders of Romanian energy supply and distribution company Electrica Group (EL.RO) approved at their ordinary general meeting on April 20 the distribution of dividends in the amount of RON152.8 million for the financial year 2021, in line with a stock market report.

The European Bank for Reconstruction and Development (EBRD) announced that it was continuing its partnership with Startup Wise Guys (SWG), one of the leading startup accelerators in Europe, with the launch of a new programme named “Fintech 5”.

Austrian property developer Immofinanz reported revenues of EUR48.8 million at the end of financial year 2021 from renting its office and retail properties in Romania.

Advances in technology have brought many benefits. One of the most outstanding is the ability to make houses smart. This has, in a sense, reduced your home’s reliability to you and somehow allowed it to “think” for itself while still giving you control in a luxurious, efficient and comfortable manner.   Technology is getting more […]

2021 was another chaotic year. One week, restaurants were open and celebratory pints were guzzled with gusto, the next we were facing yet another lockdown. Spending more time at home and having nowhere to go, many Brits jumped on the home improvement wagon. As a result, 2021 saw an onslaught of demand for tradespeople.    […]

The 2021 financial year brought a massive increase in IMMOFINANZ’s earning power: The results of operations rose by roughly 46% to EUR 210.1 million and clearly topped the previous year as well as the pre-crisis period in 2019. Net profit improved significantly to EUR 345.8 million, compared with the crisis-related loss of EUR -165.9 million in the […]

Want to check if someone is using the same images as yours? When you post images on your site or your social media platform, there is always a chance that another account or site can copy them. This is because people today are not aware of the consequences of image plagiarism; moreover, creating new images […]

Football Museum Bucharest, the first Romanian museum dedicated to football, and Mircea Dinescu, the owner of several unique restaurants in Romania, announce the signing of a partnership agreement for the management of the Football Museum Bucharest’s bistro and café. The new partnership will bring the bistro’s clients an atypical gastronomic offer, based on a “farm-to-table” […]

Have you ever thought about starting a cell phone accessory business? While it is a highly competitive niche, with independent stores and kiosks located in the majority of shopping malls and other public areas, starting such a business can end up being quite profitable. However, in order to become successful, you will need to take […]

Tommy Hilfiger, which is owned by PVH Corp., announces the launch of a five-part podcast series, titled The Invisible Seam: Unsung Stories of Black Culture and Fashion, which seeks to highlight the overlooked contributions of Black culture and communities, to expand the narrative around the history of American fashion.   The series has been developed […]

The Romanian residential sector saw a 16 percent increase in the average price per square metre in 2021, and the trend appears to have continued since the beginning of 2022. Last year, price hikes were supported by the high demand for apartments and houses, but now they seem to be a consequence of the rising […]

Ozan Tuncer, the new CEO of Cosmopolis, the largest private residential district in Bucharest, spoke to Business Review for the first time and provided insight into the company’s new expansion plans and the uniqueness of the city with turquoise roofs. By Aurel Constantin   You have been in Romania for over 15 years now. How […]

The food retail turnover increased by almost 10% compared to 2019 and was 97% above the 2011 level, reaching the level estimated in last year’s analysis dedicated to this market, of almost lei 130 billion in 2020.   For 2021, KeysFin analysts estimate exceeding the lei 142 billion threshold, due to the increased demand but […]

Integrated mobility services provider Autonom Services, held by brothers Marius and Dan Stefan, on Thursday said it ended 2021 with consolidated revenue of RON394.3 million, up 20.6% versus 2020 and up 16% from 2019, a benchmark year for the company before the pandemic.

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, surged to 4.73% a year on Thursday (April 21) from 4.71% a year on Wednesday (April 20), as per central bank data.