Romania Feed

Bonapp.eco, a mobile application that aims to combat waste by connecting consumers with retailers that sell food and beauty products which are close to their expiration date, has expanded to Cluj-Napoca (north-western Romania).

Arctic, the leader of the Romanian home appliance market, marks a milestone of two million washing machines produced at its Ulmi manufacturing plant, the first Industry 4.0 factory in Romania, where the second production line was recently put into operation.   Thus, the capacity of the unit will double, reaching 2.2 million appliances a year. […]

PAID (the Pool of Insurance against Natural Disasters) Romania will grant dividends worth RON11.6 million to its shareholders for 2021, even though its shareholders include four bankrupt companies, respectively Astra, Carpatica Asig, Certasig and City Insurance, in line with data from the company’s report for 2021.

After a public consultation period, the Guide for the Energy Component of the National Recovery and Resilience Plan was eventually approved by the Ministry of Energy under Order no. 282/30.03.2022. The Guide has clarified most of the unknowns of the draft previously circulated for public consultation; it should also be stated that it did incorporate some […]

MERO, the market leader in salon appointment management solutions announces the acquisition of Logbox, the most advanced resource management system for beauty salons in Romania.   MERO is the platform with the fastest growing volume of appointments, providing a platform to showcase and promote the industry’s specialists and suppliers. Following the transaction MERO becomes the […]

The 65th edition of the annual international exhibition World Press Photo can be visited this year between May and August.   Present for the 11th time in Romania, the exhibition will get  out of museums and will be exhibited to the public in the centers of eight major cities in the country: Bucharest, Timisoara, Cluj, […]

The number of companies listed on the regulated market of the Bucharest Stock Exchange, with at least one woman holding a Board position, has increased by almost 20% since 2015 to reach 62%, in line with the latest data available included in the “Women on Boards” report conducted by Deloitte Romania in collaboration with Professional Women’s Network Romania (PWNR).

At the beginning of April 2022, Poland’s software engineering company Spyrosoft Solutions opened a local office in Timisoara (western Romania), within the Vox Technology Park, where it leased 400 square meters of office space.

Half of the local financial-banking analysts expect Romania's annual inflation rate to range between 8% and 10% at the end of 2022 and 35% expect an inflation rate above 10%, as per a survey by the Association of Romanian Financial and Banking Analysts (AAFBR) regarding the economic impact of the war in Ukraine.

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, took a step back on Wednesday (April 13), going to 4.70% per year from 4.71% on Tuesday.

Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, posted revenue of RON2.6 billion (EUR528.5 million in 2021, as well as net profit of RON96.7 million (EUR19.7 million) and had more than 5,000 employees last year, the company said in a press release.

LIBERTY Galati, the largest integrated steel producer in Romania, has reported its strongest annual production levels since 2010, with its Blast Furnace No. 5 achieving 2.1 million tonnes of hot metal, the highest production level since its installation in 1978. The business reported a total production volume of 2.35 million tonnes in 2021, due to […]

Voxa, the first Romanian streaming platform for audiobooks and e-books, targets a new round of financing of 1 million euros for the current year. The tech start-up reached a market capitalization of 6 million euros, compared to the value of 3.9 million euros in November last year, when the company was founded.   With the […]

Tech startup Voxa, the first Romanian streaming platform for audiobooks and e-books, targets a new funding round of EUR1 million for 2022.

Airline Blue Air on Wednesday said it would launch 11 new routes in the summer of 2022 and it would also open a new base in Iasi (north-eastern Romania).

Fondul Proprietatea (FP.RO), a 20% shareholder in electricity producer Hidroelectrica, seeks to get RON1 billion (EUR200 million) in special dividends from the state-owned company's retained earnings, a move that has been common practice for the fund in recent years and one to which the Energy Ministry has agreed.

Romanian electricity supplier Electrica Furnizare, part of state-owned utility group Electrica (EL.RO), is carrying out for glass processing company Cristal Brad Service the turnkey construction project of a photovoltaic power plant, which will have an average annual energy production of 401.70 MWh.

Vlad Stanescu takes over as the position of Chief Executive Officer (CEO) of Blugento, a company based in Cluj-Napoca and specialized in providing e-commerce solutions.

British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, on Wednesday said it contributed almost RON11 billion (EUR2.2 billion) in excise and taxes to the Romanian state budget in 2021, up over 10% versus 2020.

Women representation in leadership positions recorded progress in Romania over the last years.   Romania reports progress in leadership gender balance, as the number of companies listed on the regulated market of the Bucharest Stock Exchange (BSE) with at least one woman occupying a board position increased by almost 20% since 2015 and reached 62%, […]