Romania Feed

Austria’s Wienerberger Group, which produces building materials, has appointed Christian Reingruber as interim managing director of its Romanian subsidiary, after Iulian Mangalagiu left the company, Wienerberger representatives said.

RTPR has assisted ENGIE Group in relation to the sale of its entire participation in Flashnet S.A. to Lucy Group Ltd.   The transaction also involved the sale of minority shareholding stakes by the other two minority shareholders, who remained in the business. Flashnet S.A. is a company that integrates the latest IT, energy and […]

The Vacaresti Natural Park Association and the Globalworth Foundation are launching the “Butterfly Trail”, a new visiting route in the Vacaresti Natural Park, part of the education and public awareness project on the importance of butterflies and other urban pollinators.   The new thematic route promotes urban nature and the ecosystem services provided by the […]

BTC Europe GmbH and NXTLEVVEL Biochem have recently signed an agreement on the distribution of biobased and biodegradable solvents derived from levulinic acid for the European market.   Levulinic acid can serve as a versatile building block for chemicals and materials derived directly from biomass. Due to their broad solvency power, low volatility, high safety […]

On 8 June 2022 the event “The easybox effect” – the solution of the future in courier services – took place. The event was attended by representatives of online shops, integrators and developers, partners and the most important players in the e-commerce and courier ecosystem, with news on industry trends, customer expectations and last-mile experiences. […]

Dino Parc Râșnov, the largest dinosaur park in South-Eastern Europe, is celebrating 7 years of activity this year, the number of people who visited it reaching 2,769,375 over this period.   In 2022, 132,398 persons visited the dinosaur park so far, while the park’s record attained in the best year before the pandemic was beat […]

Real estate developers continue to expand their portfolios of retail projects in Romania, over 500,000 sq. m of new spaces being announced for the next 4 years, with 10 of the pipeline projects each having more than 10,000 sq. m, according to the Bucharest Retail Market and the Romania Retail Regional Cities reports, produced by […]

Companies operating in the Romanian technology sector, public or private, which register accelerated growth, may enroll in the Technology Fast 50 Central Europe competition organized by Deloitte across 17 countries in the region.

Technology startup investment platform SeedBlink has opened an office in Athens, Greece, being its second branch outside Romania.

Almost 118,000 transactions were carried out on the Bucharest Stock Exchange in May 2022, 44.6% more than in May 2021, but against the background of smaller volumes.

Financial institution Capital Financial Services S.A., which operates under the Twispay brand, announces that it has been accepted as principal member of the Visa payment scheme, an extremely important recognition that will allow it to develop its activity both in the card issuing area and on the payment acceptance area of ​​Visa cards.   Thus, […]

Insurance company Allianz-Ţiriac ended the first quarter of 2022 with underwritten gross premiums of almost RON820 million, more than twofold the level reported in the same period of 2021, with sales growth being driven by the expansion of the customer portfolio.

The European investment platform for tech startups SeedBlink has opened an office in Athens, Greece, to complement the company’s expansion plans and continue its accelerated growth.   The recently opened Athens office will offer a range of investment instruments (such as Equity, Convertible loans, SAFE, ASA) and tech startup opportunities and market access solutions to […]

Cybersecurity continues to be a key focus for business leaders as more and more threats emerge in these challenging times. All companies need to step up their digital defenses and adapt to a world where zero trust models are becoming the norm. The Ukraine-Russia conflict has sharpened the focus of state-sponsored cyber-attacks to cyberespionage efforts […]

Cronos Med, the leading player on the Romanian medical aesthetics market, together with private equity fund Morphosis Capital, announces the setup of an Advisory Board consisting of three top executives in the medical field.

Meetgeek.ai, a technology startup that builds an AI meeting assistant helping teams take control over their meetings, has completed an investment round of EUR500,000 run by investment fund Early Game Ventures (EGV), company representatives said in a statement.

Following a digital home boom established during COVID-19 pandemic lockdowns, consumers are prioritizing financial and mental well-being.   This is according to the latest EY Decoding the digital home study, which surveyed more than 20,000 households to analyze consumer attitudes toward technology, media and telecoms experienced in the home across eight countries: Canada, France, Germany, […]

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, grew to 6.17% a year on Thursday (June 16) after stagnating at 6.15% a year for three days, as per central bank data.

Real estate developers are further expanding their retail project portfolios in Romania, so that spaces with a total area of above 500,000 square meters are announced for the next four years, reveal Bucharest Retail Market and Romania Retail Regional Cities reports recently launched by Cushman & Wakefield Echinox.

City Grill group, controlled by businessman Dragos Petrescu, is adding the first hotel to its portfolio. The hotel is due to be opened on July 1st in the historic building that hosts Hanu Berarilor, close to Bucharest’s old town.