Romania Feed

Rombat Bistrita sold 2.65 million automotive batteries on the markets where it operates in 2021, up 15% from the previous year, the company said.

Regional investment fund SIF Muntenia (SIF4.RO) said in a stock market report on Thursday that it was notified by regional investment fund SIF Banat-Crisana (SIF1.RO) of the latter’s overshooting the 10% ownership threshold of SIF4 shares following deals geld on January 18, 2021.

The roofing and insulating panels manufacturer Impro, a subsidiary of the Polish group of the same name, has planned investments in its factories in Romania, in Timisoara and Cluj-Napoca this year.

Romania's finance ministry on Thursday raised RON1.15 billion selling bonds maturing in 2026 and 2030, at annual average yields of 4.99% and 5.35%, respectively.

SmartWrap, a producer and distributor of smart flexible packaging, ended 2021 with a turnover of over EUR7.5 million, up 18% from 2020.

Shareholders of Evergent Investments (EVER.RO) on Thursday approved the reduction of the share capital to RON96.2 million from RON98.1 million in accordance with and motivated by the general meeting of shareholders of April 29, 2021, in line with a stock market report.

Romania's finance ministry has raised a total $2.4 billion tapping international markets with US dollar-denominated five and ten-year bonds, including the refinancing of dollar-denominated bonds issued in the previous years.

Following the announcement related to the consolidation of the team of partners with the internal appointment of Roxana Ionescu and Cosmin Tilea, RTPR announces new promotions within its team of lawyers. Vlad Stamatescu was promoted to Senior Associate, while Andrei Tosa, Marina Fecheta-Giurgica and Cezara Urzica to Managing Associates. Iustina Nastasa, Laura Costea and Radu […]

Romanian shipyard Santierul Naval Orsova (SNO.RO) said Thursday in a stock market announcement that it had concluded two external contracts worth EUR4.06 million for the construction of two river vessels to be delivered to The Netherlands.

Real estate consultancy company CBRE has appointed Victor Rachita to lead the Industrial & Logistics (I&L) Department in Romania, pursuing its consistent efforts to strengthen the industrial & logistics team and extend the local market share.

Cristian Secosan, 54, will take over 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 deputy general manager of E.ON Romania, from the beginning of April 2022.

EA – The Entrepreneurship Academy appointed Ioana Ceaușu as its new Chief Operating Officer, starting this month. Ioana joins the management team alongside Alexandru Ghiță, President of the faculty, and Cosmin Alexandru, Dean and co-founder. Prior to this role, Ioana was a Program Manager in the EA team, starting in the summer of 2019.   […]

The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in the last six years, per the 11th edition of the McKinsey Global Annual Banking Review, which also shows the financial services industry survived the pandemic better than expectations, but the sector is under the sign of a great divergence.

The Board of Directors of EVERGENT Investments, a financial investment company with assets under management of over 2.5 billion lei, convened its shareholders for an Extraordinary General Meeting on January 20, 2022. All the items on the agenda of the General Assembly were approved.   The main resolutions were: The amendment of EVERGENT Investments’s Memorandum […]

The value of remittances to Romania in 2021 reached EUR 316 million, an increase of 79% compared to 2020, as shown by data provided by Revolut super-app with 18 million customers globally, of which over 1.5 million in Romania. At the same time, the number of remittances generated by Revolut customers to Romania increased by […]

PlanRadar, Europe’s leading digital field management platform for construction and real estate projects, today announced a $69 million fundraising round co-led by Insight Partners and Quadrille Capital. The third-largest Series B in Austrian history and the largest-ever for a B2B company, the round also drew substantial participation from existing investor Cavalry Ventures. Additional participants included […]

Most commercial real estate (CRE) companies (80%) estimate revenue increases in 2022 compared to 2021 and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study.

Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, announces the conclusion of the share capital increase operation and the raising 10.6 million lei from investors. The raised capital will expand the company’s business by setting up two new subsidiaries in the UK – London and […]

FLOWX.AI, the enterprise platform that helps enterprises build omnichannel experiences unbounded from legacy stack limitations – announced today the appointment of Rodica Guisset as its Managing Director for EMEA and UKI, as well as the opening of the company’s office in Paris, France.   Rodica Guisset will lead the company’s operations in EMEA and UKI, […]

Romanian fintech FLOWX.AI on Thursday announced the opening of an office in Paris and the appointment of Rodica Guisset as its Managing Director for EMEA, UK and Ireland.