Romania Feed

Software solutions provider Life is Hard (LIH), listed on the AeRo market of the Romanian stock exchange, ended the third quarter of this year with turnover worth RON15.9 million, up 290% from the year-earlier period, and net profit of RON2.79 million, 999.4% higher.

Arges-based Forte Vita Farm, developed by pharmacist Cristiana Ungureanu, posted turnover worth almost RON20 million, 17% higher than in the previous year.

The company that manages Bucharest’s Caro hotel complex registered turnover worth RON10 million and losses of RON2.5 million in 2020, against RON35.5 million turnover and RON9.7 million profit in 2019.

Alexandrion Group, the biggest alcoholic drinks maker domestically, with turnover worth almost RON1 billion in 2020, has launched Alexandrion Flavour on the Romanian market, including Alexandrion Coffee and Alexandrion Greek Orange, based on Alexandrion 5*, for which it hopes to get a 2% share of the category’s total sales.

Santa Pharm, a company controlled by brothers Atilla Santa and Nandor Santa, which in late 2017 took over Brasov-based Europharm drug factory, two years after GB’s GSK closed down the unit, ended 2020 with RON34 million turnover, around 30% higher than in 2019.

Construction material manufacturer TeraPlast Bistrita’s (TRP.RO) board of directors has called shareholders for a meeting on December 3, 2021 to approve increasing the maximum price of the shares to be repurchased from RON1 to RON2 for no more than 7.5 million shares, its report to the Bucharest Stock Exchange on Friday shows.

Almost three quarters (72.2%) of employees in Romania said they were currently working from the office at least three days per week, although the impact of the COVID-19 pandemic is now ampler than in 2020.

UniCredit Bank has received from the finance ministry a supplementation of RON464 million, up to RON1.78 billion, of the existing guarantee ceiling for loans granted to small- and medium-sized enterprises (SMEs) with mid-capitalization, through the government's IMM Invest program for SMEs, the 2021 edition.

Lender Banca Transilvania said in a stock market report on Friday (Oct 29) that it finalized the acquisition of the entire ownership stake held by Poland’s Getin Holding Group in Idea::Bank, Idea::Leasing and Idea::Broker de Asigurare.

Business Review talked to Okan Yurtsever, General Manager at Garanti BBVA Leasing, for an exclusive interview about the demand of financial leasing in 2021, the support offered to Romanian companies, the company’s plans and expectations for the future, and more.   How would you characterize 2021 in terms of financial leasing demand? 2021 has shown us […]

Social media are fantastic platforms for companies that want to strengthen their brand and reach their target group in a more personal way. Potential customers usually analyze an online business before deciding to reach out or buy a product. They look at a company’s website, social media profiles and read reviews before committing to a […]

Have you or our company recently been looking for some new and innovative ways to make sure that you are doing everything in your power to ensure the safety of your employees in the workplace as it pertains to the coronavirus pandemic? Maybe you have been running a business safely for years now, and you […]

In love with marketing and behavioral economics, he enjoys identifying patterns and then digging up numbers to test them. Obsessed with creating and bringing value to the table, he loves brand strategy, brand building and growth. Often placing himself in the customer’s shoe, you will hear him asking a lot of “whys” and “hows”. With […]

With the launch of the payment gateway in Welthee, the innovative investment platform in volatile markets, anyone can have access to calculated risk investment opportunities. In the application launchpad, the selected startups in the pre-sale stage are already available. These include TOKHIT, the first blockchain-based social network, or Superkoin.   About 5,000 people around the […]

Farming company Bravcod has contracted a loan of RON5 million from lender CEC Bank to develop its business.

Philip Morris International, Inc. (PMI) continues its investments aimed at transforming the Otopeni factory into a manufacturing unit of consumables for IQOS, the electronic tobacco heating system developed by the company. Since 2017, when the transformation process for the Otopeni factory started, USD 500 million have been invested in the development of manufacturing capacities, the […]

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, continued its upward trend on Friday (Oct 29) and grew to 2.36% a year, per central bank data.

Belgian investor Mitiska Reim, specialized in European shopping centers, has announced the opening of a new project in Baia Mare (northwestern Romania) and the expansion of the Medias retail park, in partnership with builder Square 7 Properties.

Salad Box founders are bringing a new restaurant brand in Romania after signing an agreement with US fried chicken chain Popeyes, which is set to open 90 restaurants domestically over the next 10 years.

OMV Petrom, the largest energy company in South-Eastern Europe, reached a turnover worth RON17 billion at the end of the first three quarters of 2021, up 13% from the year-earlier period, and its net profit doubled on the year to RON1.67 billion.