Romania Feed

New and used car registrations in Romania grew 9.2% year-over-year in January-September 2021, to 393,402 units, data from the Automotive Manufacturers and Importers Association (APIA) showed Friday.

Chimcomplex SA Borzești concluded on September 30, 2021, financing contracts of 56.7 million EURO, which include 26.7 million EURO from CEC Bank and 30 million EURO from Alpha Bank. They will be used for the full refinancing of the existing loans from VTB and Credit Suisse/Argentum Netherlands BV and for the continuation of development projects. […]

Today, Electronic Arts Inc. is celebrating the record-breaking launch of EA SPORTS™ FIFA 22, where players can experience revolutionary next-gen HyperMotion gameplay technology on PlayStation®5, Xbox Series X|S, and Stadia™. Featuring innovation across all game modes including VOLTA FOOTBALL Arcade Tournaments, all-new FIFA Ultimate Team™ Heroes, and much more. FIFA 22 is now available worldwide […]

From October 2021, Robert Jasinski will be the managing director of Danone Romania SRL, which produces and distributes fresh dairy products and plant-based products, and Nutricia Romania SRL, which deals with the baby-food and clinical nutrition products of the company. The leader was the managing director of Nutricia Romania SRL so far.   In November […]

On the 5th and 6th of October, Future Banking Summit puts together the most advanced financial players in Romania to showcase their digital transformation journey and share insights on how to offer a digital proposition or adopt an agile mindset.   Over 300 people have already registered for the event and more than 20 speakers […]

Following the adoption of the Long-Term Strategy for the period of 2021-2030 earlier this year, the Board of Governors of the Black Sea Trade and Development Bank (BSTDB) at its extraordinary meeting today decided to increase the subscribed capital of BSTDB from the current EUR 2.29 billion to EUR 3.10 billion.    The new subscription […]

Goldring, the brokerage company, is launching “The sound of money in pictures”, a contest through which illustrators can make cartoons inspired by the business world, specifically by the capital market. The cartoons may be sent by Sunday – October 10th – and the votes can be cast by November 5th, 2021.   The contest theme […]

Dr. Leahu Dental Clinics Network, listed on the AeRO market of the Bucharest Stock Exchange, closed the first half of the year with a net profit of 4.8 million lei and a turnover of 44.4 million lei, 104% more than in the first six months of 2020. The geographical expansion of the network and the […]

The European Commission has proposed, this month, a Path to the Digital Decade with principles to promote and uphold EU values in the digital space and support the digital transformation ambitions for 2030. The Path sets up a concrete legal framework to help achieve the 2030 Digital Compass targets, the four cardinal points for the […]

Deloitte’s Corporate Finance practice has advised the shareholders of Duraziv, the largest independent manufacturer of construction materials in Romania, in the successful sale of the integral share package to global leader Saint-Gobain. The transaction was completed on September 30, 2021, after receiving necessary approvals from authorities.   Deloitte Romania has structured and coordinated the sale […]

Distribution and logistics company Aquila, with an annual turnover of EUR370 million, borrows EUR10 million from the European Bank for Reconstruction and Development (EBRD) for the development of its own brands, modernization of warehouses, digitalization and working capital.

Last month, the Gobalworth Foundation launched in partnership with the Renaşterea Foundations the Mobile Caravan for Cervical Cancer Diagnosis at Chitila Logistics Hub, one of the benchmark projects for Globalworth’s logistics and light industry sub-brand. Thus, between September 12 and December 10, approximately 1,200 women will have free access to Pap tests for detecting gynecological […]

The European Fund for Southeast Europe (EFSE) has provided a new loan worth the equivalent in lei of EUR10 million to BT Microfinantare (BT Mic), part of lender Banca Transilvania.

The transaction whereby Duraziv, the largest independent producer of building materials in Romania, sold the entire package of shares to world leader Saint-Gobain was completed on September 30, 2021, upon receiving all approvals from competent authorities.

Norofert Group, Romania’s leading Romanian producer of organic inputs, on Friday announced the appointment of Marcel Caruz to the position of Chief Operational Officer (COO) of the company.

Romania's finance ministry will be launching three new bond issues for the general population Monday, October 4, which can be subscribed until October 27.

Romania's foreign exchange reserves fell to EUR41.2 billion in September 2021, lower by EUR400 million than in August 2021, central bank data showed Wednesday.

Real estate developer One United Properties, and Le Manoir Group, active in the field of fine gastronomy, have bought boutique hotel Carpathian Lodge Magura in Buzau, for EUR2.35 million.

Stefan Vuza, president of chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said he would borrow RON2.5 billion (over EUR500 million) on the international market in order to launch the biggest investment on the local chemical market of the last 30 years.

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 climbed to 1.79% a year on Friday (October 1), from 1.77% a year on Thursday (Sept 30).