Romania Feed

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use, and office real estate in Romania, announces intention to raise up to 100 million euro in equity from investors in a share capital increase operation, which will be subject to the vote in the General Meeting of Shareholders on April 26th, 2022.   The […]

Calin Costinas, deputy CEO of Profi, says the company will in 2022 slow down the pace of new unit openings, but step up the pace of existent unit refurbishment.

Salarium, a platform via which employees can get a salary advance payment without fees or interest, wants to reach 12,000 employees registered by partner companies this year, according to Alina Stefan, Salarium CEO.

A major European IT group is likely to directly enter the ranking of Romania’s 20 biggest tech employers with the opening of a center for which it plans to recruit several hundred people.

Global companies with sustainable business practices and a solid international presence, such as Kuhn Group, are continuing to explore new strategic markets in Central and Eastern Europe (CEE), by including the Romanian market into their regional portfolio, despite the current geopolitical and economical context. The Austrian Kuhn Group, one of the most dynamic players leading […]

Romgaz announced on the Bucharest Stock Exchange on Tuesday evening that it was moving towards the completion of the transaction with the US’ Exxon on the acquisition of the latter’s stake in the Black Sea gas project.

Real estate developer One United Properties (ONE.RO) has summoned its shareholders on April 26, 2022 to approve, among others, the distribution of dividends in the amount of RON42.5 million (gross dividend amount), out of which RON38.3 million from the Company’s net profit for 2021 and RON4.2 million representing undistributed profit registered for the previous years, as per the summoning note.

The Board of Directors of Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, is summoning its shareholders on April 27, 2022 to discuss, among others, the distribution of the company’s net profit of RON1.6 million recorded in 2021.

Courier services expect imminent price increases amid rising inflation and rising fuel, gas and electricity prices, according to an analysis by Innoship, a technology company that has developed a global delivery management solution for online stores.

Romanian climber Gabriel Baicus aims to reach in less than 24 hours two of the highest peaks in the world – Everest and Lhotse. He will undertake this trial in April-May this year and it will represent a first for Romanian climbing history. Those who wish to further support him in this project can do […]

Bento – Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company, specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, reports a turnover of 27.3 million lei, an increase of 78% compared to 2020, EBITDA of 5.3 million lei, +124% compared to 2020 and a net profit of 4.5 million lei, […]

A speaker in Business Review’s recent re:FOCUS on eCommerce, Retail & Logistics 2022, Geanina Ungureanu, Senior Asset and Leasing Manager Retail at IMMOFINANZ, talked about the future of retail developments, but also about the latest trends that have emerged during the past year, such as the increased appetite for online displayed by most retailers. By […]

Romanian software solution development and implementation company and IT and Cloud infrastructure provider Bento (BENTO.RO) ended 2021 with RON27.3 million revenue, an increase of 78% year-on-year and RON4.5 million net profit, 144% higher than in 2020.

ING Bank Romania made net profit of RON1.03 billion in 2021, up 109% compared with 2020, while total revenue rose to RON2.35 billion, up 11%.

On January 17, 2022, Romanian Law no. 22/2022 entered into force for amending and supplementing the Emergency Ordinance no. 194/2002 regarding the status of foreigners in Romania, a regulation that outlines the legal status of the concept of digital nomads in Romania.   This regulation represents a considerable legal novelty given the changes of work conditions […]

Management consultancy firm Horváth ended 2021 with a turnover of approximately EUR5.4 million, after recovering the losses from the pandemic, which translates into an increase of almost 30% versus 2020.

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 4.53% a year on Tuesday (March 22, 2022) from 4.49% a year on Monday (March 21), in line with central bank data.

The Board of Directors of regional investment fund SIF Oltenia (SIF5.RO) has summoned the fund’s shareholders on April 28, 2022 to vote on how to distribute the net profit for 2021, in the amount of RON387 million.

KPMG and FLOWX.AI announced today a strategic collaboration to support enterprises developing unified, customer-centric, personalized digital experiences. This partnership enables large companies to create personalized, streamlined and delightful products and services in the digital environment – at only a fraction of the typical cost and time associated with digital developments.   KPMG is a world-leading […]

Agroserv Măriuța (BVB: MILK ), a Romanian agricultural company and owner of the Lăptaria cu Caimac brand, posts a turnover of 68.3 million lei for 2021, an increase of 40% compared to 2020 and a net profit of 1.7 million lei, compared to a loss of 6.2 million lei recorded in 2020. The company recorded an operating […]