Romania Feed

Aluminum smelter Alro Slatina (ALR.RO) on Monday announced that Alexandr Barabanov, Pavel Primakov and Pavel Machitski (son of Russian oligarch Vitaliy Machitski) had resigned its Board of Directors, in a report to the Bucharest Stock Exchange.

Romania will not ban grain exports because there is currently no syncope in the food supply of the population, as there is enough food in the state reserves, the country’s agriculture minister Adrian Chesnoiu said on Monday (March 7).

Anchor Grup, the company which developed the first two shopping malls in Romania, Bucuresti Mall and Plaza Romania, respectively – has obtained EUR80 million financing from lender Banca Transilvania to refinance the Group’s retail and office segments.

Romania's finance ministry on Monday (March 7) reopened a bond issue due in 2025, raising 158 million lei (EUR31.9 million), below the planned level, at an average yield of 5.67% a year, central bank data showed.

Private healthcare operator MedLife (M.RO) will be included in the Romanian Traded Index (ROTX), which was created by the Bucharest Stock Exchange in collaboration with the Vienna Stock Exchange (VSE), according to a statement by the VSE.

Inequalities between women and men in the labour market have widened during the pandemic, erasing at least two years of progress made over the past decade, according to the PwC Women in Work Index report, which shows that it will now take years and even decades to close the gap.

Canada's lithium development company Rock Tech Lithium could invest EUR400 million to build its second European lithium converter and refinery in Romania, as per a Memorandum of Understanding signed with the Romanian Government on Monday (March 7).

Naos Skin Care Romania, the owner of the Bioderma brand, extends its office space in capital city Bucharest, doubling the rented area, and moves to The Mark office complex.

Turin / Milan, 7 March 2022 – Intesa Sanpaolo will donate €10 million to support solidarity and hospitality measures for the Ukrainian people. The Bank’s donation will go to support the work of local and international organizations, which will be identified soon.  Carlo Messina, CEO of Intesa Sanpaolo, explained the Group’s intervention:   “Intesa Sanpaolo has […]

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 grown to 4.25% a year on Monday (March 7, 2022), from 4.03% on Friday (March 4), in line with central bank data.

Rompetrol Rafinare (RRC.RO), member company of the KMG International Group (KMGI) and the operator of Petromidia Navodari, Romania’s largest oil refinery, announced on Monday in a stock market report that it faced a complex cyber-attack Sunday night.

The Bucharest National Opera joined the efforts to help the artists who are victims of the war on Ukrainian territory and, on March 4th, five ballerinas of Ukraine refugees in Romania have begun the study program.    Thus, they will study together with the ballet dancers and ballet masters of the Bucharest Opera, which will […]

Inequalities between women and men in the labor market have widened during the pandemic, erasing at least two years of progress made over the past decade, according to the PwC Women in Work Index report, which shows that it will now take years and even decades to close the gap.    The estimates show that […]

Starcom România launches 2021 edition of the Consumer Report benchmark study, which analyses the behavior of Romanian consumers in terms of purchasing preferences, consumption of online and offline content, home and away-from-home activities and use of technology. Now in its 8th edition, the study provides particularly valuable information for understanding consumers and their changing behavior.  […]

Colete Online, a marketplace-type platform via which users can compare and select from among the services of several courier services firms to send packages and parcels in Romania and abroad, wants to double its number of employees in 2022 and expand to cities such as Cluj, Timisoara, Oradea, Brasov and Iasi.

Cold cuts producer Meda Prod 98, one of the largest on the local market, ended 2021 with RON236 million turnover, from RON217 million in 2020, according to the company’s officials.

Proinvest Group, a company specialized in steel products, has a EUR10-12 million investment budget for 2022, part of a long-term growth plan that started in 2021 and involves EUR100 million overall.

Vassilis Chaniotis, general manager of private healthcare operator Medsana, says the company will open the new Medsana center in Bucharest at end-2022, with the investment carried out so far standing at EUR2.1 million.

German giant Varta is considering Romania for an around EUR1 billion EV battery plant investment.

Airbag maker GST Safety Textiles Ro, the local subsidiary of Germany’s concern Global Safety Textiles, acquired in 2011 by South Korea’s Hyosung group, currently has 95 jobs avaibale at its Sighisoara plant.