Romania Feed
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ZF English - 18:12 Nov 09, 2022
The number of companies facing imminent insolvency decreased by 10% in 2021 versus 2020, down to 5,971 firms, but grew by 7% compared to the level recorded in 2019, at the onset of the coronavirus pandemic, a survey by insolvency specialist CITR shows. -
ZF English - 17:31 Nov 09, 2022
Consulting company Premier Hospitality, held by Calin Ile and Lucian Marinescu, becomes the first local company certified by international hotel group Marriott. -
ZF English - 16:37 Nov 09, 2022
In 2022, companies have increased the number of employees in HR (human resources) departments by 60%, according to internal data of EXEC-EDU, a company operating on the executive education market. -
ZF English - 16:29 Nov 09, 2022
Romania’s IT market maintained its annual growth rate of 15%-17%, reaching a volume of over EUR9 billion at present from EUR4.6 billion in 2015, and the value of this economic sector is expected to exceed EUR12 billion in the next two years, as per a survey by the Romanian Employers Association in the Software Industry (ANIS). -
ZF English - 15:20 Nov 09, 2022
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages 11 hotels and restaurants in seaside resorts, reported a net loss of RON6.8 million for the first nine months of 2022, from a profit of RON8.9 million in the same period of 2021. -
ZF English - 14:15 Nov 09, 2022
International in vitro fertilization services operator Future Life, held by investment fund CVC Capital, has acquired the majority ownership stake in CytoGenomic Medical Laboratory SRL, a company specialized in advanced genetic diagnosis, as per a press statement. -
ZF English - 13:25 Nov 09, 2022
EximBank and Baia Mare-based entrepreneurial company Trencadis, specialized in the provision of IT integration solutions and services, have concluded a financial agreement worth RON60 million, a facility that will be used to finance the expenses related to the implementation of a contract for the EDULIB educational platform. -
ZF English - 13:02 Nov 09, 2022
Romania’s Energy Minister Virgil Popescu received on Wednesday, during a visit to Egypt, from the President of US Exim Bank, Reta Jo Lewis, the letters of intent for two loans worth $50 million and $3 billion, respectively, for the construction of two new reactors at the Cernavoda nuclear facility in Romania. -
ZF English - 12:03 Nov 09, 2022
Michal Mrowiec, the current Sales Vicepresident of Kompania Piwowarska, will take over the role of President of Ursus Breweries starting with January 1, 2023, after Paul Barnetts' decision to return to his home country, Australia. -
ZF English - 11:35 Nov 09, 2022
Romania's trade balance posted a deficit of EUR25.06 billion in January-September 2022, higher by EUR8.3 billion compared with the first nine months of 2021, data from the country's statistics board INS showed on Wednesday. -
ZF English - 09:18 Nov 09, 2022
Teilor, the luxury jewelry store chain with bonds listed on the Bucharest Stock Exchange, continues to expand in Poland by opening a new store, in Wroclaw, thus reaching a portfolio of 13 units outside Romania. -
ZF English - 08:42 Nov 09, 2022
Alpha Bank, among the ten largest banks by assets in Romania, in the first nine months of 2022 generated profit before tax worth EUR36.7 million, 82.5% higher than in the year-earlier period. -
ZF English - 08:29 Nov 09, 2022
Peter De Boer, a member of the managing board of DN Agrar Group, made up of 15 companies with a total of 10,000 bovines and working 10,000 hectares of land, says the group’s intention had been to grow more rapidly in Romania via acquisitions, but as there are not many large farms locally it can only grow organically, by building new farms. -
ZF English - 08:07 Nov 09, 2022
Bicycle producer Eurosport DHS, controlled by Chinese and German investors, says the local market declined by 5-6% in the first half of this year from the year-earlier period amid the low demand from buyers as compared with previous year. -
ZF English - 07:58 Nov 09, 2022
Hotel company Ana Hotels, one of the largest domestically, operating Athenee Palace Hilton and Crowne Plaza hotels of Bucharest, but also seaside and Poiana Brasov hotels, will in 2022 reach 91% of 2019 turnover. -
ZF English - 07:49 Nov 09, 2022
Luca de Meo, Renault Group CEO, stated during the Capital Market Day conference he banks on boosting the profitability of Dacia brand, which, beside Bigster will launch another two new compact models in the next two years. -
ZF English - 18:08 Nov 08, 2022
The management of One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential projects in Romania, has informed the capital markets of the receipt of planning permission for Phase 1 of One Lake Club. -
ZF English - 18:08 Nov 08, 2022
The management of One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential projects in Romania, has informed the capital markets of the receipt of planning permission for Phase 1 of One Lake Club. -
ZF English - 14:53 Nov 08, 2022
Technology company Life is Hard (LIH.RO) posted RON18.5 million revenue in January-September 2022, an increase of 15.53% on last year's figure. -
ZF English - 13:46 Nov 08, 2022
Romania's central bank has decided at its board meeting on Tuesday (November 8), its eighth and last monetary policy meeting of 2022, to raise its benchmark interest rate by 0.50% to 6.75% a year from the current rate of 6.25% a year, starting November 9.