Romania Feed

Lender Alpha Bank said its loan portfolio in Romania grew by 3.3% to over EUR2.7 billion at end-2021 due to a 72% increase in new corporate loans and a 46% rise in new retail loans.

PTC Romania, operating in the IT&C industry, has extended its office lease in the Riverplace office compound held by Austrian real estate developer CA IMMO and located in capital city Bucharest, occupying 4,800 square meters.

Publicis Groupe has been honored as Ad Age’s Holding Company of the Year in the publication’s annual A-List and Creativity Awards. 2022 marks the first year that Ad Age has included a Holding Company category in its awards program.   By Romanita Oprea    The Ad Age A-List & Creativity Awards recognizes “forward-thinking leaders, top agencies […]

Burlington English Romania, a leading company in the field of education, joins the efforts to support Ukrainian refugees and offers jobs for Ukrainian neighbors forced to find refuge away from home. Burlington English is hiring English teachers from Ukraine to teach conversational English online.    Through this initiative, Burlington English Romania aims to provide long-term […]

Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in producing biodegradable and compostable packaging, announces intention to increase its share capital.   The operation has been approved by the Board of Directors of Promateris and is subject to the vote of the shareholders in the General Meeting of Shareholders, […]

Four years have passed since the initial application date of the International Financial Reporting Standards (IFRS) 9 Financial Instruments and for a year now, the International Accounting Standards Board (IASB) has been carrying out work related to the post-implementation review of this standard. It is an opportunity to reflect on whether IFRS 9 has met […]

PTC has expanded its offices in Riverplace, a project owned by CA IMMO and located in the Politehnica area of Bucharest, thus occuping 4.800 square meters in the office project. The transaction was intermediated by the real estate consultancy company Cushman & Wakefield Echinox.   PTC, operating in the IT&C industry, has renewed its lease […]

The average monthly net salary in Romania decreased by 4.7% in nominal terms in January 2022 compared with December 2021, to 3,698 lei (EUR748), data from the country's statistics board showed Tuesday.

Ramnicu Valcea-based Don Pedro, a major tissue paper producer in Romania, will bring 20 skilled employees from Nepal after having invested to double its production capacity last year.

Colosseum Center shopping center is set to open in its expanded form on March 24, 2022, after its launch has been postponed several times because of the pandemic.

Scandinavian furniture and home products retailer JYSK is expanding further in Romania and opening a new store in Otopeni, Ilfov county, on March 17th, thus reaching a network of 118 units domestically.

Management solutions and BPO service provider Sykes Enterprises Eastern Europe, part of US Sykes group, currently has 80 jobs available at the Cluj-Napoca office.

Four-star hotel Nyota Hotel & Conference Center of Mamaia seaside resort started procedures to bring employees from Bangladesh to cover the workforce shortage in the cleaning area, as part of moves made for the planned opening during the Easter holidays period.

Gold ingots have come to account for 10% in jewelry store chain Teilor’s turnover, from 0.5% until 2020.

The Board of Directors of Romanian industrial group and leading manufacturer of biodegradable and compostable packaging in Central and Eastern Europe Promateris (PPL.RO) has approved a capital increase of up to RON125 million, a report to the Bucharest Stock Exchange says.

Timisoara-based fuel wholesaler Artoil, held by Alexandra and Alex Bunceanu, estimates EUR200 million revenue for 2022, up 38% compared with last year, ZF has calculated from the data the company supplied.

Romanian Cluj-based startup Stailer.ro, an online booking platform for beauty salons, has attracted a new bridge investment round worth EUR1 million from a group of angel investors, company representatives said in a statement.

Romania’s Finance Ministry reopened a bond issue due in February 2023 and raised RON683 million from banks on Monday (March 14), higher by RON183 million than the targeted level of RON500 million, at a yearly yield of 6.53%.

Simtel Team (SMTL.RO), a Romanian engineering and technology company, said in a stock market report on Monday that it signed a framework contract with industrial and logistics space developer CTP Romania for the construction and installation of some 30,000 photovoltaic panels on multiple buildings within the CTPark Bucharest West industrial park.

Technology makes its way in every field of life. It has a significant impact on online shopping as well. The active people on the internet have great power in their hands. They made a comparison while buying things online and made comments on services. Several decades ago, physical shopping significantly impacted people by introducing pleasant […]