Romania Feed

Cristian Secosan took over on Friday (April 1) the position of general manager of Delgaz Grid, the natural gas and electricity distribution company in Romania of German utility group E.ON, and that of member of the Board of Directors of E.ON Romania.

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, stagnated on Friday (April 1) at Thursday’s level of 4.6% a year, as per central bank data.

At BR’s recent Working Romania, Aurelian Chitez, Director of Sales at Romanian Software, was interviewed by Aurel Dragan, Tech Journalist, Business Review Magazine, in a Stage Time Spotlight Interview: HR Talks with a spark, in which he talked about the main challenge for companies in their employer branding strategies, HR technologies and their impact on the new hybrid […]

New car registrations in Romania increased by 40.25% year-over-year to a total 11,025 units in March 2022, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed Friday.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Friday that it concluded two contracts worth a total RON1.2 billion for the wholesale energy sale to the companies Enel Energie and E.ON Energie Romania, during the period April 1-30, 2022.

Bike maker Eurosport DHS, controlled by Chinese and German investors, currently has more than 110 jobs available. The company in 2020 had an average number of 319 employees.

SW Umwelttechnik Romania, the local subsidiary of the Austrian company with the same name, a maker of precast concrete products, plans to expand the local production activity by adding a new hall.

The first year of commercial activity on the Romanian market, July 2021-June 2022, will bring Portugal-held company Ascenza Agro Romania around EUR5 million from the sale of plant protection products, according to Antonio Sousa, country manager of Ascenza Romania.

Alpin 2003, managing hotel complex Alpin Resort Hotel, controlled by businessman Claudiu Aron, one of the biggest tourism players in Poiana Brasov resort, ended 2021 with RON36 million turnover, from RON23 million in 2019.

Valer Hancas, communications and corporate affairs manager at Kaufland Romania, says the company has opened five stores since early 2022 and is set to announce further openings. Refurbishment investments will continue, too.

Romania is among the countries were cement sales dropped last year for Germany;s group HeidelbergCement, while in northern European countries sales went up, shows the group’s 2021 financial report.

EMI, a company specialized in integrated solutions and services for industrial access, will invest up to EUR15 million in 2022 for the two acquisitions on the Belgian market and to strengthen production activities in Romania, explained Jerome France, CEO and founder of EMI International.

IFRS means a better, truer and more complete view of financial reporting. But the transition is a complex and resource-intensive process.

Lender Banca Comerciala Romana (BCR) has launched a new issuance of bonds denominated in Romanian lei and worth RON351.5 million, thus continuing the strategy of expanding financing sources.

ING Bank Romania on Thursday announced that Lucica Pitulice would take over the position of Chief Financial Officer (CFO), starting with Friday, April 1, 2022

Carrefour Romania is developing a test project in partnership with startup company AiSA (Artificial Intelligence Space Analytics), a participant the retailer has mentored during last year’s edition of Innovation Labs, the renowned acceleration program for technical newly established businesses.

Fast moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) announces the inauguration of its first solar park following an own investment of over EUR100,000 that is to be amortized in the next four years.

Italian truck, bus and engine maker Iveco group signed a memorandum of understanding (MoU) with Enel X to develop electric mobility for commercial vehicles in Europe.

Impetum Group launched Agista, the first investment fund in Romania focused on AeRO, helping local SMEs to get listed on the stock market, financing and accelerating their increase through the capital market.   Agista sets out with a €25 million capitalization, nearly half of the entire capital raised by the AeRO market companies in 2021, […]

Low-cost airliner Wizz Air announces three new routes from Cluj-Napoca (north-western Romania) to Corfu in Greece and Naples and Turin in Italy and it also increases flight frequency for ten other routes.