Romania Feed

Romania's central bank on Tuesday (May 10) raised its benchmark interest rate to 3.75% a year from the current rate of 3% a year, starting May 11, 2022.

DevTalks Romania, the largest expo conference for software developers and IT professionals in Romania, returns on June 8-10, 2022 in a new hybrid format, in-person and online, under the concept umbrella “AI & Innovation. Humanity Reimagined.” More than 400 daily participants are expected at Globalworth Campus Hall in Bucharest and over 8,000 participants are expected […]

Romanians are worried about the future economic situation, therefore, an overwhelming proportion say they intend to save more (68%) and invest in education (22%), as per the latest Future Consumer Index survey by EY Romania conducted at end-April 2022.

In April 2022, Gi Group, one of the world’s largest human resources companies, became GI GROUP HOLDING, adopting a new corporate brand and a new business structure that aim to further unify the strategic approach and to consolidate the position of a world leader and top employer of the company in the human resources sector. To […]

Thales, a global technology leader, is advancing air traffic surveillance and safety in Chile with a revolutionary new radar station 100% powered by sustainable solar energy. Located in Calama, in the Atacama Desert, the first of its kind radar system leverages 330 solar panels to take full advantage of the high levels of sunshine in the region. […]

The Urban Fountains in Unirii Square, one of the most important attractions of Bucharest, whose rehabilitation was implemented due to Apa Nova’s investments, the water and sewerage service provider of the Capital, will reopen with the support of Bucharest City Hall on Saturday, May 14 2022, with an impressive multimedia show, after more than two […]

Recovery from addiction, whether it’s drug or alcohol, is a long-running process. Thankfully, owing to various studies, we have empirical data on short-term treatment modalities. But, when looking at a long-term synopsis, the results seem pretty bleak and vague.   Why? Well, when it comes to long-term addiction, the risk of withdrawal and relapse tends […]

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 5.21% a year on Tuesday (May 10), the highest level of the last nine years.

Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, on Tuesday announced the appointment of a Board of Directors.

Ahead of the RESinvest 2022 conference, the premier event that will bring together EU Commission leaders, national government authorities from across Europe and wind and solar industry top executives, on May 17-18 at the Face Convention Center in Bucharest, Business Review sat down for an exclusive interview with Carlo Pignoloni, the President of the Romanian Wind Energy Association […]

Various economic conditions, support measures and legal changes have affected insolvency trends in the Central and Eastern Europe (CEE) region over the last two years. The COVID pandemic triggered an economic downturn, with a 4% drop to regional growth.

Coca-Cola HBC Romania has appointed Marko Andrić to the position of Sales Director, starting April 2022, company representatives said Tuesday.

The number of real estate deals in Romania stood at 53,225 in April 2022, 18,898 fewer than in March 2022, data from the national cadaster agency ANCPI showed Tuesday.

Marko Andrić has been appointed Sales Director of Coca-Cola HBC Romania since April.   In the new role, Marko Andrić becomes a member of the Senior Management team of Coca-Cola HBC Romania, the leader of the local beverage industry and will coordinate a sales team of approximately 700 people, responsible for the relationship with the […]

Reff & Associates and Deloitte Romania provided assistance to Studium Green, the real estate developer from Cluj owned by businessman Dorin Bob, in the acquisition of a portfolio of 100 buildings and properties from Immobiliare Italo Romena, a subsidiary of the former Italian bank Veneto Banca (since 2017 in state of compulsory administrative liquidation).   […]

Techcelerator, the most active accelerator for technology startups in Romania, is running, in partnership with its investment partners and SeedBlink platform, the second edition of the Investment Readiness Program, which prepares technology startups to attract SEED investors and raise successive investment rounds of up to 1 million euros.   The program is tailored for technology […]

Studium Green, a real estate developer of Cluj owned by businessman Dorin Bob, took over a portfolio of 100 properties from Immobiliare Italo Romena, the subsidiary of former Italian bank Veneto Banca, which is undergoing a compulsory administrative liquidation process.

Romanian-held Arxia, a company with 20-year expertise in the creation of IT solutions and digitalization consulting, plans to double its number of employees during 2022, in a bid to meet rising demand.

Agricola Bacau group, a major player on the poultry meat market in Romania, also a producer of cold cuts and ready-meal items and eggs, aims to increase its turnover by 11% in 2022 despite challenges related to soaring costs.

Fiberglass mesh producer BICO Industries, part of building materials holding ROCA Industry, wants to access state aid to expand its current product portfolio.