Romania Feed

Revolut, the global financial super-app with more than 25 million retail customers globally and 2.5 million in Romania, announced the introduction of precious metals Platinum and Palladium into the portfolio of investment solutions for the users in the European Economic Area (EEA), Switzerland and the UK.

OMRO IFN, one of the first microfinance institutions in Romania, increased its share capital by RON3.3 million since the start of the year.

Mateja Podgornik has taken over the position of Managing Director Romania and Slovenia within Mondelez International, starting from January 2023.

Romanian software company EXE Software increased its team of experts by some 40 people in 2022, company representatives said in a press statement.

Online bookstore Libris.ro sold more than 2.3 million books in 2022 and the average order grew by 10% to RON113.

Mashreq, the oldest private bank in the United Arab Emirates (UAE), has appointed Romanian Radu Topliceanu as its new Head of Neo and Personal Banking.

Romania's trade balance posted a deficit of EUR31 billion in January-November 2022, higher by EUR9.6 billion (+45.2%) compared with the first eleven months of 2021, data from the country's statistics board INS showed on Monday (January 9).

More and more CEOs believe that data used effectively can lead to medium- and long-term strategy change and revenue growth, but they still don’t feel confident enough in their organization’s data governance and security to make decisions based on it, according to the studies carried out by PwC globally.

Romania’s unemployment rate stood at 5.4% in November 2022, lower by 0.1 percentage points than 5.5% in October 2022, data from the country’s statistics institute INS shows on Monday (Jan 9).

Carmistin group, a major Romanian food producer, controlled by Paraschiv family, has started bio egg production and has accessed new funding worth EUR42 million to continue its investment strategy.

E.ON Energie Romania and Transparent Design, a plain glass processor, have recently completed the construction of a photovoltaic plant of almost EUR1.6 million, an investment that secures around 25% of the energy the plant of Popesti Leordeni, Ilfov county, needs.

2Performant, the main player on Romania’s affiliated marketing market, listed on the AeRO market of BVB, announces sales generated by its own platform reached EUR101.9 million (VAT not included) in 2022, up 39% from the previous year, a level that for the first time overshot the EUR100 million mark.

Travel agency Eturia, specialized in exotic destinations, in 2022 reached EUR20 million revenues, way above the 2021 figures.

SME-type companies in 2023 have funding totally worth around EUR2 billion available, in line with data provided by consulting firm REI Grup.

One of the positive pieces of news at the end of 2022, with a relevant contribution for Romania’s macroeconomic and financial stability in 2023, is that the country’s international reserves touched a new record high in December 2022, exceeding EUR52.3 billion (an annual increase of almost 14%), according to Leonardo Badea, deputy governor and member of the Executive Board of Romania’s central bank.

Romanian authorities issued 40,969 residential building permits in January-November 2022, 13.3% fewer than in the same period of 2021, data from the country’s statistics board INS showed on Friday (Jan 6).

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, ended the first week of 2023 at 7.48% a year, lower than the 7.56% level registered on January 3, 2023, as per central bank data.

Online supermarket Sezamo, part of the European Rohlik group, has introduced cash payment for orders placed online.

Retailer Kaufland will open at least ten new stores and remodel ten others in 2023, thus continuing at the same pace as in the last three years, Kaufland Romania and Moldova CEO Marco Hoessl says.

Three-star Capitol Hotel in the center of Brasov, held by Aro-Palace, will move to an international brand this year, says Aro-Palace chairman of the board of directors Calin Ilie.