Romania Feed

Component and electronic equipment manufacturer Zes Zollner Electronics, the Romanian subsidiary of Germany’s Zollner Electronics, registered a turnover of nearly RON1.49 billion (over EUR303 million) in 2021, up 26.5% from 2020, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.

Romania's finance ministry raised RON881 million on Thursday (May 19), above the planned level of RON300 million, selling bonds maturing in 2029, at an annual average yield of 8.12%.

United Romanian Breweries Bereprod (URBB), a brewer whose portfolio includes brands such as Tuborg, Carlsberg and SKOL, has contracted a loan of over EUR20 million from ING Bank Romania, which will be used to refund existing loans and new sustainable projects.

Cyscale, software developer of data protection solutions and applications in the cloud, has obtained a EUR3 million SEED funding which will be used to grow the team, the products and to develop internationally, especially in the UK market.

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It is not unusual for workers to seek stimulation during their work day, whether they work in an office or on an active construction site. Regular breaks and socialising with other workers can do a lot to make a workplace more pleasant and engaging – but there are ways to improve stimulation at work even […]

As the fintech industry continues to grow and evolve, so does the process of obtaining a loan. Fintech companies are now changing the way loans are processed and approved, making it easier than ever for borrowers to get the money they need. But what is fintech, and how is it impacting the loan process? Let’s […]

Romanian software development company Softbinator Technologies (CODE.RO) has leased a permanent space in the U.S., in Silicon Valley, which will serve as its office on the American market.

The RESinvest conference gathered over 400 business executives from the solar and wind energy community from all around Europe, in a common call to action – developing a functional supply chain in Southeast Europe. The timing was impeccable – today the EU Commission released its REPower EU Action Plan, meant to ensure Europe’s energy independence, and […]

Electronics retailer Flanco, the second largest player on this market in Romania, on Thursday said Laura Simion has taken over as head of its logistics division, starting May 2022.

Octavian Rusu, Public Policy Expert & Founder of Issue Monitoring, is set to become a speaker at Business Review’s upcoming Tax, Law, and Lobby 2022 conference, part of the Legal & Digitalization Session. Join him and other the top tax & legal experts in Romania at Business Review’s Tax, Law, and Lobby 2022 conference! This year’s edition […]

Adrian Măntoiu, EMBA, Managing Director Wolters Kluwer România, is set to become a speaker at Business Review’s upcoming Tax, Law, and Lobby 2022, where he will be part of the second panel of the day, the Legal & Digitalization Session. Join him and other the top tax & legal experts in Romania at Business Review’s Tax, Law, […]

Inga Ţîgai, Associate Partner, Head of Tax and Legal Technology at KPMG Romania, will moderate the first panel at Tax, Law, and Lobby 2022, which will focus on the latest fiscal developments in Romania. Join her and other the top tax & legal experts in Romania at Business Review’s Tax, Law, and Lobby 2022 conference! This […]

ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, has completed the acquisition of a 70% stake in Eco Euro Doors (EED).

Appointed in January 2022, Silvia Sticlea, the first Romanian woman to take over the Country Manager position in Nestlé Romania, managed to report an increase of 12.9% in the first quarter of the year, an increase attributed to the sustainable choices made by the company. That’s why Business Review sat down with her to talk about sustainability and […]

The Bacolux chain, held by Marius and Razvan Bazavan brothers, which includes the Diana and Afrodita hotels in Baile Herculane, will be opening the four-star Bacolux Koralio hotel in Eforie Nord seaside resort at the beginning of June 2022. The investment in the new hotel exceeded EUR7 million.

Mihai Precup, Secretary of State in the Ministry of Finance, is set to become a speaker at BR’s landmark event for tax and legal professionals in the Romanian industry, Tax, Law, and Lobby 2022, where he will talk about investments and state-owned companies, the relationship with foreign companies, and investments in Romania.   Join Mihai Precup and […]

TeraPlast Group has received the financing agreement through the state aid scheme for an investment of EUR11.2 million in a stretch film production facility.

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, has increased to 5.62% a year on Thursday (May 19) from 5.57% a year on Wednesday (May 18), as per central bank data.