Romania Feed

Simplify, the business ecosystem for online stores, is expanding its logistics operations. The new 1,500-square-meter-large e-fulfillment center in Cluj-Napoca provides logistics services for online stores. Customers benefit from integrated services for the entire supply chain, from supply transportation to product reception, storage, packaging, and labelling, as well as access to the receipt of returned products. […]

The global Great Resignation phenomenon will continue next year with even more pressure on wage growth. Of employees in Romania, 40% plan to ask for a pay rise in the next year and 16% want to change employers, according to the results for Romania of the PwC global Workforce Hopes and Fears survey launched on […]

SofMedica Group, a leading European provider of innovative technologies destined to fight the leading causes of mortality worldwide, appoints Angeliki Karava as General Manager for ISLE ACADEMY in all its locations where the entity has already established its presence: Romania, Greece, Hungary, Bulgaria, and Cyprus. This way, ISLE Academy (Innovation, Simulation, Learning, Ecosystem), is becoming […]

The data center built near Craiova by Cluster Power with the help of Tema Energy’s engineering team has officially achieved Tier III Design Accredited accreditation from the US Uptime Institute. Cluster Power is the first hyper-scalable data center with artificial intelligence capabilities in Romania.    Uptime Institute is based in New York and brings together […]

Romanian startup firm Machinations.io, which developed a browser-based platform to design and predict game economies & systems for premium, free2play, and play2earn games, has raised $3.3 million in Series A funding.

Simplify, the business ecosystem for online stores, said on Wednesday (May 25) that it expanded its logistics operations with a new 1,500-square meter e-fulfilment center in Cluj-Napoca (north-western Romania).

The European Commission (EC) has approved a Romanian scheme worth EUR100 million to support the regeneration of damaged forests and the scheme will be funded through the Recovery and Resilience Facility (RRF).

The data center built near Craiova (southern Romania) by Cluster Power with the help of Tema Energy’s engineering team has officially achieved the Tier III Design certification from the US Uptime Institute.

The global Great Resignation phenomenon will continue next year with even more pressure on wage growth. In Romania, 40% of employees plan to ask for a pay raise over the next year and 16% want to change employers, according to the results for Romania of the PwC Workforce Hopes and Fears global survey released on May 24.

An International Monetary Fund (IMF) team headed by Jan Kees Martijn, the IMF mission chief for Romania, will visit Bucharest between May 30 and June 10 to undertake the periodic review of Romania's economy, known as the Article IV consultation, as per an announcement by Nadeem Ilahi, IMF Senior Regional Representative for Central, Eastern and South-Eastern Europe.

NEPI Residential, the residential division of NEPI Rockcastle, on Wednesday said it sold 35% of the apartments of the Vulcan Residence complex, only seven months from the start of construction works.

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, increased to 5.90% a year on Wednesday (May 25) from 5.83% on Tuesday (May 24), as per central bank data.

Promateris (PPL.RO), a Romanian industrial group and the main producer of biodegradable packaging in CEE, announced it obtained a new grant from the part of EEA & Norway Grants within the project Green Energy Production for the manufacturing of bio-based and compostable packaging, developed in partnership with Norway’s Norsk Energi.

Agroland Agribusness (AAB.RO), a Romanian entrepreneurial business, part of Agroland group, specializing in the sale of farming inputs, ended the first quarter of this year with operating revenue worth RON15.9 million, up 86% from the same period of last year, RON1.5 million EBITDA, up 201%, and net profit worth RON0.84 million, 110% higher than in 1Q/2021.

Freight carrier World Mediatrans of Timis, one of the most dynamic companies in this field, founded in 1997 by Gabriel Lungu, with 23 offices locally and logistic warehouses in Budapest, Barcelona and Bratislava, ended the first three months of this year with 15% higher turnover than in the corresponding period of last year.

Duvenbeck Logistik, one of the largest transport and logistic companies in Romania, for 2021 reported turnover worth RON366.5 million (EUR74.5 million), up 12.4% year-on-year, in line with ZF calculations based on Finance Ministry data.

Grain trader Promat Comimpex of Tasnad, Satu Mare, controlled by Swiss group Ameropa and by entrepreneur Cristian Moldovan, in 2021 generated net profit worth RON43.3 million (EUR8.8 million), up 31% from the previous year.

Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, in the first quarter of 2022 saw sales rise by 20% from the same period of last year.

Farmaciile Myosotis, one of the strongest regional pharmacy brands, reached turnover worth RON243 million (EUR49 million) in 2021, up 9% from 2020.

Nuclear power producer Nuclearelectrica (SNN.RO), small modular nuclear reactor (SMR) technology provider NuScale and the E-Infra group of companies on Tuesday signed a memorandum of understanding for the development of the first SMR reactor in Romania on the site of the former Doicesti thermal power plant, in Dambovita County.