Romania Feed

Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, on Wednesday announced a partnership with Fidelis Cybersecurity, a US-based cybersecurity company focused on quickly detecting and responding to cyber threats and data breaches.

Romania’s beer market remained stable in 2021, with a 0.7% decrease by volume to 16.6 million hectoliters, the Romanian Brewers Association said Wednesday.

Shareholders of wine producer Purcari Wineries (WINE.RO) are expected to approve at their general meeting of April 28 a proposal to distribute a gross dividend of RON0.51 per share, with the yield reaching 4.4%.

Connections Consult (CC) announces the establishment of its wholly-owned US subsidiary, Connections Consult USA LLC (CC USA), in Fairfax, Virginia.    CC USA will focus on digital transformation and the delivery of software solutions to public and private sector customers in the United States of America.  The location of CC USA in Northern Virginia, part […]

Connections Consult (CC), a Romanian company specialized in providing software and IT service, on Wednesday announced the establishment of its wholly-owned US subsidiary, Connections Consult USA LLC (CC USA), in Fairfax, Virginia, company officials said in a statement.

iGaming software provider EveryMatrix is expanding its development hub in capital Bucharest and announces the conclusion of a lease contract for an office space of 7,500 square meters within Bucharest-based Arghezi 4 project developed by Strabag Real Estate.

MedLife Medical System, the leader of the private medical services market in Romania, announced in a stock market on Wednesday the acquisition of a 60% stake in Pro Life Clinics which will be integrated into the Sfanta Maria network.

Encorsa, an integrator of digital transformation services, has completed the implementation of a digital assistant for Electrica Furnizare.

Law firm Filip&Company has made multiple promotions within its team of lawyers at the beginning of 2022.

OTP Group, also present in Romania through OTP Bank Romania, has started the integration of a new platform, FLOWX.AI, the low-code/no-code provider in the enterprise space, to accelerate and reshape its digital experiences for customers and employees, according to data from OTP officials.

The foreign exchange (forex) market can experience high levels of both liquidity and volatility, which is one of the reasons for it being a popular venture amongst many traders.   As forex trading involves the exchange of global currencies, there are a range of events which can alter the strength of the economy — and […]

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, surged to 4.68% a year on Wednesday (April 6) from 4.62% a year on Tuesday (April 5), as per central bank data.

For some time, the idea of working from home was frowned upon by many. Employers thought it would encourage laziness and a lack of productivity amongst their workers.   However, COVID-19 brought a change in perception. And for several months, many companies allowed their workers to work from home. Now, the world has returned to […]

Whether you’re buying or selling a house, hiring a real estate agent would be one of the best solutions for you if you want to get through this process as smoothly as possible. However, working with a real estate agent comes with a fee, so you need to ensure that you get the best services […]

Many people spend one-third of their day at work – so it’s important we’re happy. Sadly, people stay in jobs that are no longer fulfilling, just because it’s comfortable and easy. However, for some, staying in a job they hate isn’t worth their time. Therefore, they go on the hunt for something new in the […]

Moody's Investors Service (Moody's) on Wednesday (April 6) upgraded the long-term deposit ratings of Alpha Bank Romania S.A. (ABR) to Ba1 from Ba2, and changed the outlook on these to stable from positive.

Romania’s modern retail stock reached 4.02 mln. sq m at the end of the first quarter of 2022 and the year ahead contours as being propitious for both retail formats, retail parks & shopping centers, considering the new supply and the under-construction projects.   Even if by the end of the previous year, the stock […]

Rating agency Moody’s Investors Service upgraded the long-term deposit rating of Alpha Bank Romania to Ba1 from Ba2, as well as the rating for the bank’s Baseline Credit Assessment (BCA) to ba3 from b1.   The outlook on the long-term deposit was changed to stable from positive. The rating action was triggered by a similar […]

Encorsa, an integrator of digital transformation services through low-code and no-code hyper-automation technologies, Robotic Process Automation and Artificial Intelligence, has completed the implementation of a digital assistant for Electrica Furnizare.   The solution based on Artificial Intelligence is mainly aimed at simplifying and streamlining the digital interaction of customers with the company, one of the […]

Retail sales in Romania, excluding vehicle and motorcycle sales, inched up 0.1% in unadjusted data in February 2022 compared to January 2022, data from the country’s statistics institute INS showed Wednesday.