Romania Feed

Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in the city of Pitesti, on October 7, reaching a 107-unit network.

Enrico Perini, the majority shareholder of Romstal Group, is providing EUR100,000 financing to Romanian startup Sypher within a financing round on crowdfunding platform SeedBlink, at the end of which Sypher aims to raise EUR550,000.

Green Resources Management, an organization that implements the extended responsibility of packaging waste producers (OIREPs) and is part of recycling group Green Group, has announced the appointment of Constantin Bratu to the position of general manager, effective October 1, 2021.

The Bucharest Stock Exchange (BVB) will have a new brand identity starting October 2021. Its new identity aims to reposition the brand as a suitable choice for the investments of each Romanian and a catalyst for the development of companies in Romania.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and surged to 1.81% a year on Monday (October 4), from 1.79% a year on Friday (October 1).

KPMG in Romania on Monday announced two new appointments through internal promotions at management level, and a new hire. Starting October 1, 2021, Daniel Pana has become a Partner in Tax, Victor Iancu was promoted to Associate Partner in Advisory and Inga Tigai joined KPMG as a new hire in Tax, also as an Associate Partner.

Business Review talked to Virgil Stanescu, the Executive Director of CEO Clubs Romania and President of Sports HUB, to find out more about Romania’s former captain of the National Basketball Team, his transition from sports to business, his thoughts on leadership, performance mentality, digitalization in sports, and more; all of which you can read below […]

For many people, the idea of going solar seems like a big investment that may or may not pay off. However, it’s important to understand that this is actually an investment in your future. Going solar offers a way for you to save money and live greener at the same time! Read this article to […]

2Performant (2P.RO), the main player on the Romanian affiliate marketing market, listed on the AeRO market of the Bucharest Stock Exchange, will grant the company’s shareholders registered on October 28, four free shares for one share held, through a share capital increase by RON495,970.4, which corresponds to a total 4,959,704 new shares with a nominal value of RON0.1 per share.

The European Bank for Reconstruction and Development (EBRD) and Aquila, the market leader in consumer goods distribution and logistics, announced that they agreed on the terms of a loan of 5 million Euros and an EBRD option to buy shares of up to 5 million euros from the founders of Aquila, at a pre-agreed price. […]

Industrial production prices for the domestic and non-domestic markets grew by 1.5% in August 2021 versus July 2021 and by 15.9% in August 2021 versus August 2020, data from Romania’s statistics board INS showed Monday.

Appraisal & Valuation (APP.RO), a provider of appraisal, consulting and real estate development services, 67.8% controlled by Ioan Botis, founder and chairman, ended the first six months of this year with turnover worth RON2.76 million, up 20.5% from the similar period of last year, while net profit rose by 17%, to RON363,065.

Almost 4 million tourists were registered in Romania’s accommodation units during the three summer months of 2021, 50% more than in the same period of last year, data from Romania’s statistics board INS showed Monday.

Mortar, paint and base coat manufacturer Baumit, owned by Austrian concern Schmid Industrie Holding, is expanding the plant it holds in Sag, Timis county.

Domeniile Prince Matei, a company owned by Vintruvian holding, which also holds Viticola Sarica Niculitel, expects turnover to double in 2021 from 2020, to around RON3.5 million, in line with ZF calculations based on company information.

Bucharest's ophthalmological clinic Infosan, set up in 2002 by two doctors, ended 2020 with turnover worth RON10 million and targets a 10% increase this year amid rising demand for medical services, according to the company’s officials.

American multinational semiconductor company Advanced Micro Devices (AMD) has opened a design center in Romania's northeastern city of Iasi. The center will hire a team of engineers to work on new hardware and software innovations.

Individual investors bought RON943 million worth of government bonds within the three tranches of Fidelis government bonds issue for the general population, per calculations by Ziarul Financiar (ZF).

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, concluded EUR56.7 million loan contracts on Sept 30, of which EUR26.7 million from state-run lender CEC Bank and EUR30 million from Alpha Bank.

French giant Danone, leader on the local yogurt market, announced the appointment of Robert Jasinski to the position of managing director of Danone Romania, effective October 1, 2021.