Romania Feed

Trustul de Montaj Utilaj Chimic Bucureşti (TMUCB) - Bucharest Chemical Equipment Assembly Trust - one of the oldest privately-held Romanian companies and one of the largest companies in the construction sector, is exiting insolvency after eight years, insolvency practitioner CITR, part of Impetum Group, said on Thursday (June 2).

ABIT Puresoft and Efecte have concluded an official partnership in Romania whereby a Service Management and Identity and Access Management Platform will be launched on the Romanian market.

Shareholders of lender Banca Transilvania (TLV.RO) unanimously approved at their general meetings of April 28, 2021 and of April 28, 2022, respectively, the lender’s purchase of own shares on the capital market as part of a stock option plan program, in line with a stock market report.

The Bucharest Stock Exchange (BSE) saw a 1.7% decrease in May 2022, as measured by BET (Bucharest Exchange Trading index) -the first index developed by BSE which includes the most traded stocks on the local market-, but gained 0.45% if dividends are priced in BET-TR (the total return version of BET), as per calculations by Ziarul Financiar (ZF) daily based on stock market data.

Romania’s airports reported a total three million passengers for the first three months of 2022, over three times more than in the same period of 2021, in line with data from the Romanian Civil Aviation Authority (AACR), as quoted by Ziarul Financiar (ZF) daily.

British American Tobacco (BAT), with a market share of 50% on the local tobacco market, on Thursday said it had contributed over EUR125 billion to Romania’s economy during its 25 years of activity on the local market.

TEILOR Holding on Thursday announced the appointment of Mircea Varga as Chairman of its Board of Directors.

Revolut, the financial super-app with more than 18 million customers globally and over 1.7 million in Romania, and Bringo, the e-grocery app specialized in personal shopper and fast delivery services, today announced a new partnership to offer new benefits to their Romanian customers.   Starting from June 2022, Revolut users in the Romanian market will […]

Results of the latest international study ‘Attitudes towards payment methods’ commissioned by eService and other EVO Group entities reveal that almost 6 out of 10 Romanians declare to pay digitally due to ease of use and convenience. Visa is a partner of the study, in the Central Eastern European region, including Romania.   The study […]

Japan Tobacco International (JTI), one of the largest cigarette manufacturers in Romania, on Thursday said it appointed Alexander Pitchka to the position of General Manager of JTI Romania, Moldova and Bulgaria.

Industrial production prices for the domestic and non-domestic markets grew by 47% in April 2022 versus April 2021, but were 1.9% lower compared to March 2022, data from Romania’s statistics board INS showed Thursday.

The perspective of Russian supplies to Europe being halted does not alter the EU’s energy transition agenda; on the contrary, it further underlines the importance of switching to renewable fuels that are not subject to the kind of geopolitical blackmail we are currently witnessing, nor vulnerable to the volatility of the gas market. By Ramona Chiriac, […]

Just as the global economy started to move steadily towards recovery from the covid-19 pandemic, there was another major systemic shock. Russia’s invasion of Ukraine marked a tectonic shift in geopolitical risk levels. Beyond triggering a horrific humanitarian crisis in Eastern Europe, the economic effects of the conflict and the associated sanctions will be felt […]

g7 Marketing, a key player in the Romanian Retail Marketing industry, announces the merger with Wavecrest Group, a leading European shopper marketing & experiential agency, embarking on a journey to create the next-gen brand amplification agency.   Established in 1999, g7 Marketing cares about growth. Growing clients’ businesses, its own business, and the people inside […]

Romania's foreign exchange reserves increased by EUR419 million in May 2022 versus April 2022, to EUR40.5 billion, central bank data showed Thursday.

A new competitor enters the Bucharest private medical services market. Doctor Gabriel Balcangiu Stroescu and assistant professor Doctor Andra Balcangiu Stroescu opened the Doctor Balcangiu – Stroescu Clinic following an investment of over 800,000 EUR.   The clinic is located in Pipera and provides services covering 8 medical specialties: dermatology, nephrology, diabetes, nutrition and metabolic […]

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 5.99% a year on Thursday (June 2) versus 5.97% on Tuesday (May 31), as per central bank data.

The Grown – Up Playground is the latest Globalworth project, based on a creative idea signed by Ogilvy Romania, that has as main objective a different kind of a little reminder: the importance of play in adults’ life, as a source of mental health.   Between June 1st and 10th, The Grown-Up Playground becomes the […]

TEILOR Holding SA, a group of companies that includes the chain of luxury jewellery stores, TEILOR, the financial lending company Invest Intermed GF IFN, and Teilor Invest Exchange, announces the appointment of Mircea Varga as Chairman of the Board of Directors.   The Board of Directors of TEILOR Holding consists of three members – Mircea […]

BAT, the largest tobacco company in Romania, has contributed over 125 billion euro to the economy during its 25 years of activity on the local market.   Out of this amount, the company has paid almost 24 billion euro directly, or close to 1 billion EUR per year, as excises and other taxes, salaries, and […]