Romania Feed

Dutch computer services firm Getronics NV Getronics is expanding its presence in Romania by opening a new office in capital Bucharest, company representatives said in a statement.

The accelerated increase in energy and fuel prices and the situation of the conflict in Ukraine will prompt business leaders in Romania to adopt an austerity plan in the second half of 2022, in line with an analysis by the company HR Arthur Hunt.

Germany’s retailer Kaufland continues its expansion in eastern Romania by opening a hypermarket in the town of Husi (Vaslui County), and thus reaches a 152-store network in Romania.

Dragos Oltenescu has taken over the position of deputy general manager of Euroins Romania, being responsible with the financial strategy and the company’s makeover, in line with data from company representatives.

Credit Europe Bank Romania becomes a partner of the Romanian Fintech Association (Rofin.tech), an association that includes companies founded by Romanian entrepreneurs, which develop technological solutions.

The office space stock in the Center-West area of capital city Bucharest, near the Politehnica University, will exceed the existing stock in the Floreasca-Barbu Vacarescu (which has been the main office hub in Bucharest for eight years) in 2022, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Practic SA (PRBU.RO), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte, will pay out a gross dividend of RON55.3342 per share to its shareholders, with the total amount allocated for dividend payment reaching RON32.8 million.

Private lending grew by 15.8% in nominal terms (6.7% in real terms) to RON330.7 billion in February 2022 compared to February 2021, as local currency lending grew by 20.1% (10.7% in real terms) and foreign currency lending by 5.9% when expressed in lei (4.3% when expressed in euros), central bank data showed Wednesday.

Nooka Space continues its development plan and aims to develop in Bucharest an extensive network of micro proximity offices, through strategic partnerships with real estate developers, companies from HORECA industry and many more.   Launched on the Romanian market last spring, after an investment of over 1 million Euros, the Irish Nooka Space start-up aims […]

The office stock in the Center-West area of Bucharest, near Politehnica University, will surpass the existing stock from Floreasca-Barbu Văcarescu (which has been the main office hub in Bucharest for eight years) in 2022, , according to data from the Cushman & Wakefield Echinox real estate consultancy company.   The modern office stock in the […]

In the five months since its launch, Cargus Mobile has become one of the most used business applications in Romania. In March, Cargus Mobile reached a total of over 110,000 downloads from online app stores, Google Play and Appstore, since its launch.   Compared to the beginning of the year, the number of users has […]

Credit Europe Bank Romania becomes a partner of Romanian Fintech Association (Rofin.tech), an association that includes companies founded by Romanian entrepreneurs, which develop technological solutions. The initiative shows the bank’s support for innovation and the constant evolution of the Romanian business environment through technology. At the same time, it reconfirms the strategic direction of digitalization, the collaboration […]

Alpha Bank Romania introduces on the local market three investment funds available in euro and dollar denominations, which are registered in Luxembourg and address investors who wish to have a flexible and diversified portfolio with a global asset allocation in the medium to long term investment horizon.

The second half of 2022 will force company leaders to adopt an austerity plan, in the context of the accelerated increase of energy or fuel prices, but also in the current conflict in Ukraine context.   Thus, in some industries, marketing budgets or certain bonuses for employees may be waived and there will be cases […]

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, grew to 4.55% a year on Wednesday (March 23, 2022) from 4.53% a year on Tuesday (March 22), in line with central bank data.

MedLife (M.RO), the leader of the Romanian private medical services market, said in a stock market report on Wednesday that Mihai Marcu, CEO and Chairman of the Board of Directors, sold a package of 620,000 M shares, at the price of RON23 per share, on Monday (March 21, 2022).

NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, announces the “Donate for the Ukrainean people” campaign, conducted through SPOT, the mobile loyalty application of the company.   Thus, the group commits to donate the amount of 75.000 euro to the humanitarian organization Crucea Roșie Română, for the acquisition […]

Alpha Bank Romania introduces to the local market three investment funds part of Alpha (LUX) Global Funds, managed by Alpha Asset Management A.E.D.A.K., the Alpha Bank Group company specialized in fund management, and supervised by the Commission de Surveillance du Secteur Financier from Luxembourg.   Alpha (LUX) Global Funds incorporate environmental, social, and governance criteria […]

Romanian students who wish to study at universities abroad pick as first options areas like computer science, economy, law, psychology, medicine, and engineering, according to data retrieved from Upgrade Education, the educational consulting company.   The most popular destination is The Netherlands – due to economic reasons. “Pupils are considering an EU university as a […]

Footwear retailer Benvenuti, controlled by local entrepreneur Dan Pavel, has budgeted 10%-15% turnover growth for 2022 year-on-year, supported both by the online store and the opening of new units.