Romania Feed
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ZF English - 11:58 Mar 07, 2023
Circular economy can reduce by almost one third the current global volume of resource and material consumption by extending the products’ lifespan and making sure they enter full life cycles, as per “The Circularity Gap” study conducted by the international agency Circle Economy in collaboration with Deloitte. -
ZF English - 08:47 Mar 07, 2023
CreditAmanet, a provider of pawnbroking and money exchange services, this year banks on a 50% turnover increase on the segment of pre-owned electronics, as circular economy seems to be gaining momentum in Romania, in line with global trends. -
ZF English - 07:41 Mar 07, 2023
Glovo, a leading player in the express delivery industry, saw its turnover rise by 45% last year in Romania, reaching an overall deal value of EUR430 million at end-2022, Iustinian Belghir, general manager of Glovo Romania, told ZF. -
ZF English - 07:33 Mar 07, 2023
Polish group Amrest, which owns 55 Starbucks coffee shops and 10 Burger King restaurants in Romania, last year generated EUR2.5 million profit before taxes locally, over ten times higher than the 2021 level. -
ZF English - 20:51 Mar 06, 2023
NN Investment Partners (NN IP), a mutual fund manager also present in Romania through the funds NN International Romanian Equity, NN International Romanian Bond, changed its name to Goldman Sachs Asset Management following the completion of its acquisition in spring 2022. -
ZF English - 20:34 Mar 06, 2023
European investment advisory firm ACP is in talks to buy Telekom Romania Mobile, and the deal is up to the approval of the relevant authorities in Bucharest, financial market sources say. -
ZF English - 20:02 Mar 06, 2023
The first phase of the EUR1 billion investment in the Mintia thermoelectric power plant will be completed in 24 months, while the entire project will be completed 12 months after that, the new owner of the plant, Mass Global Energy Rom announced in a meeting with Romania’s Prime Minister Nicolae Ciuca. -
ZF English - 20:00 Mar 06, 2023
The Board of Directors of industrial material manufacturer Comelf Bistrita (CMF.RO) has summoned the Ordinary General Meeting of Shareholders for April 10 when it shall put a vote the distribution of a gross dividend of RON0.18 per share. -
ZF English - 19:49 Mar 06, 2023
Edenred, the digital platform for services and payments, plans to recruit more than 700 tech specialists worldwide in 2023, including at its two main Digital Centers in Bucharest and Mexico City, as it aims to reach up to EUR5 billion in revenue by 2030. -
ZF English - 19:22 Mar 06, 2023
Allianz-Tiriac, the second largest player on the market, reached a volume of underwritten gross premiums of RON3 billion in 2022, up over 47% versus 2021, and an operating profit of RON250 million, Virgil Soncutean, CEO of Allianz-Tiriac, told a press conference. -
ZF English - 19:12 Mar 06, 2023
BNP Paribas Personal Finance announces the start of the steps to cease operations of its consumer finance unit, Cetelem, in Romania, after having failed to find a partner to continue in the country. -
ZF English - 19:09 Mar 06, 2023
tbi bank continues to extend its partner network and teams up with medical devices company Ortopedica, offering customers the possibility of buying medical devices through the Buy Now, Pay Later (BNPL) solution, in four instalments with no interest or over longer periods of time, in affordable instalments. -
ZF English - 18:27 Mar 06, 2023
Autonom Services, the mobility network controlled by brothers Marius and Dan Stefan, ordered 200 electric vehicles worth EUR10 million and thus speeds up its fleet electrification. -
ZF English - 17:44 Mar 06, 2023
The number of real estate deals in Romania stood at 47,261 in February 2023, 13,987 more than in January 2023, data from the national cadaster agency ANCPI showed on Monday (March 6). -
ZF English - 17:32 Mar 06, 2023
Solar panel manufacturer AE Solar will invest EUR1 billion in a plant to make solar panels in Romania, Romania’s government announced in a release, following a meeting of Prime Minister Nicolae Ciuca and the representatives of AE Solar and of the Black Sea Universities Network on Monday. -
ZF English - 16:16 Mar 06, 2023
Natural gas distributor Distrigaz Sud Retele in 2022 carried out total investments worth RON555 million in the natural gas distribution network in order to meet the company’s two major objectives: the safe operation of the distribution system and the development of the natural gas infrastructure. -
ZF English - 14:56 Mar 06, 2023
Law firm Schoenherr si Asociatii SCA has promoted Laura Buzatu-Teodorescu (a specialist in real estate & construction law) and Adina Rusanescu-Horge (a dispute resolution specialist) to the position of senior attorney in law. -
ZF English - 14:38 Mar 06, 2023
Retail sales volume in Romania, excluding vehicle and motorcycle sales, decreased by 22% in unadjusted data in January 2023 compared to December 2022 and increased by 0.7% when adjusted for seasonality and number of working days, data from the country’s statistics institute INS showed on Monday (March 6). -
ZF English - 12:17 Mar 06, 2023
The Bucharest Stock Exchange (BVB) announced on Monday (March 6) that the bonds issued by Bittnet Systems S.A., in the amount of over EUR2 million, would start trading on its Main Market, under the BNET26E stock ticker, on Tuesday (March 7). -
ZF English - 11:12 Mar 06, 2023
NN, the main player on the Romanian life insurance market, launches in Romania NN Bootcamp, an international accelerated learning program dedicated to students and recent graduates, with a view to training them for obtaining the Salesforce Administration certification