Romania Feed

Friday, June 3, the second edition of SAGA kicks off! The Festival brings an electrifying concept based on imagination, transformation and energy to the National Arena and its surrounding park. On 3, 4 and 5 June, festival-goers will be transported into a world of creativity and innovation. Source, the main stage, is a true spectacle, […]

Romanian authorities issued 3,956 residential building permits in April 2022, 9.9% fewer than in March 2022 and 15.5% fewer than in April 2021, data from the country’s statistics board INS showed Tuesday.

Europe’s attractiveness for foreign direct investment (FDI) started to recover following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, the latest annual EY European Attractiveness Survey shows.

Regional investment fund SIF Oltenia (SIF5.RO) has received the approval of Romania’s financial supervisory authority ASF for a public offer for purchasing shares issued by the Fund, in line with a stock market report released on Tuesday (May 31).

The Bucharest Stock Exchange on Tuesday said the shares of building material wholesaler Sipex will start trading on the AeRo market, the equity segment of the Multilateral Trading System of the Stock Exchange, on Friday (June 3), under the stock ticker SPX.

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Tuesday said it completed refurbishment works on the 220/110 kV Hasdat transformer station (Hunedoara County), following an investment of over RON60 million from own funds.

Fintech platform Omnicredit has obtained financing worth nearly EUR2 million from a debt investment fund specialized in factoring-related financing and the funds will be used for microfinancing services for small- and medium-sized enterprises (SMEs).

The insurance company SIGNAL IDUNA ASIGURARE REASIGURARE has received all the approvals from the Financial Supervision Authority (ASF) and announces the completion of the transaction and the beginning of the integration process of the two companies, ERGO Asigurări and ERGO Asigurări de Viață within the SIGNAL IDUNA Group.   ERGO Asigurări will continue its activity […]

French hotel group Accor, which currently has more than 950 employees in Romania, seeks to add 600 more people to its team until 2025, in order to support the opening and operation of more than ten new hotels.

Transavia Group, Romania’s largest poultry producer, registered exports of RON202 million in 2021, almost double from RON124 million in 2020, in line with data from the Group’s representatives at the request of Ziarul Financiar (ZF) daily.

Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, has reached in 15 years more than 2,100 employees at its services center in capital city Bucharest, the only of this kind in Europe, the company said in a statement.

Another top business professional in Romania takes center stage under the #Call4.0Leaders spotlight! In this installment of Business Review special interview series, Michel Eschenbrenner, General Manager at Servier Pharma Romania, answered our call and the 4 questions about the trends of the new reality: resiliency and sustainability, the human-machine balance, organizational agility, and Co-opetition.   What projects have […]

When the business environment is facing the challenges of the SAF-T reporting, for which the first deadlines are fast approaching (until 31 July 2022, a number of 3,280 companies will have the obligation to file the 406 statement), two other projects undertaken by the tax authorities in the reforms included in the National Plan for […]

Raiffeisen Bank on Tuesday said it appointed Mihail Ion to run its new Division of Capital Markets, Investment Banking and Personal Financial Planning Division.

Smart ID Dynamics, a provider of software and hardware solutions has fully acquired Brasov-based provider of integrated software solutions Spectrum, which has over 20 years of experience in providing software, hardware and post-implementation support solutions, the company said in a release.

Over the last 10 years, Romania has had a positive economic evolution from the perspective of the dynamics of the gross domestic product. An overview of this dynamic is provided by data published by Eurostat, which shows an increase in gross domestic product expressed in euro at current market prices from around € 131.8 billion […]

Top Seeds, a provider of integrated solutions for the agricultural field, on Tuesday said it ended 2021 with a turnover of RON249 million, up 40% on the year, and a net profit of RON9 million, up 24% versus 2020.

The net profit generated by the entire Romanian banking system at the end of the first quarter of 2022 touched a new record high of RON1.96 billion, up 3.7% from the level reported in the same period of 2021.

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, climbed to 5.97% a year on Tuesday (May 31) after stagnating at 5.95% on Monday (May 30) and Friday (May 27), as per central bank data.

Romania’s unemployment rate stood at 5.5% in April 2022, lower by 0.1 percentage points than 5.6% in March 2022, data from the country’s statistics institute INS shows on Tuesday (May 31).