Romania Feed

Romania's seasonally adjusted unemployment rate inched down to 5.1% in November 2020 from 5.3% in October, data from the country's statistics board showed Friday.

Adriana Iordand joins SeedBlink team starting January 2021 as VP of Product Management and Marketing. Adriana comes with over 15 years of experience in areas such as Fintech and software development, globally, for companies such as ePayment, Avangate, 2checkout, and Verifone. In her previous roles, Adriana has led online marketing departments, growth services, and product […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the fourth consecutive day, reaching 1.79% per year on Friday (January 8).

The transaction between Czech energy group CEZ and Australia’s Macquarie Infrastructure and Real Assets (MIRA) is now awaiting approval only from Romania’s Supreme Council of National Defense after the EU Antitrust Authority has approved the deal at the beginning of 2021.

Casa Noastra, the manufacturer of QFort windows in Dolj County (southern Romania) has scheduled EUR10 million investments in developing production in 2021.

The Azoitei family (Forty Management – real estate), Stefan Cherciu (Pier Holding – Qfort windows), Cristian Pandel (Christian Tour – travel agencies) and Popic family (RMP Investment) gathered all their businesses under holding companies last year.

The local elections held in Romania in September 2020 highlighted a new electoral approach in Romania’s biggest cities: a large share of urbanites acknowledging the fact that their cities should be more competitive at both the local and European level. By Sorin Melenciuc   Many people currently living in Timisoara envy those living in Cluj, […]

The new form of the Fiscal Code, which entered into force on 1 January 2021, adapts Romania to the new reality by eliminating discrimination, making fiscal compliance easier and aligning Romanian legislation with international standards in the context of the globalized economy.   “The pandemic has highlighted weaknesses in each area, and the fiscal framework […]

Fears surrounding the COVID-19 pandemic have led to numerous government-mandated travel restrictions and non-essential business shutdowns. As a result, consumer spending underwent major channel shifts, with the digital channel turning into the default for many customers, giving way to what will likely be a permanent boost to e-commerce. By Aurel Constantin   Comparing the results […]

NN Group and the pension funds it manages have raised their holding in oil and gas company OMV Petrom (SNP.RO) to 5.03%, Petrom said in a stock market report Thursday.

Romania's fiance ministry on Thursday raised RON800 million lei (EUR164.2 million), versus a RON500 million target, selling bonds maturing in October 2030 at an average yield of 2.97%, central bank data showed.

Romania's fiance ministry on Thursday raised a planned 400 million lei (EUR82.1 million) selling one-year treasury bills at an average yield of 2.14%, central bank data showed.

UniCredit, Group, through the CEE Corporate Finance Advisory team, has advised Credit Agricole, the world’s ten largest bank by assets, on the sale of its Romanian operations to Vista Bank.

Andy Braddell is a British citizen with tremendous experience in travelling and travel writing. In his most recent adventure, a nine month tour of Eastern Europe, which he completed just as the pandemic context was taking hold of Europe, Andy visited Romania, Czech Republic, Slovakia, Hungary and Poland. As you can see from the enumeration, Romania is […]

Democrats Abroad, the official Democratic Party arm for the millions of Americans living outside the United States, issued a press statement regarding yesterday’s violent protests on Capitol Hill. Read the statement, in full, as well as a reaction from Radu Florescu, Committee Country Chair of Democrats Abroad Romania.   “This attempted disruption of Congressional certification of […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the third consecutive day, reaching 1.80% per year on Thursday (January 7).

Sergiu Oprescu, executive president of Alpha Bank Romania, was appointed president of the holding that manages the international network of banks of Alpha Bank Group in Greece.

eMAG, the leading online retailer in Romania, is launching an online lending service, jointly with lender Idea::Bank, in order to finance shopping.

Romania issued 3,152 housing construction permits for residential buildings in November 2020, 21.5% fewer than in October 2020 and 7.9% fewer than in November 2019, the statistics institute INS said Monday.

The fight for the top spot in grocery retail in Romania was tighter than ever in 2020, with discount store chain Lidl breathing down low-price hypermarket chain Kaufland’s neck, the leader of the market since 2012. Kaufland became market leader seven years after arriving in Romania.