Romania Feed

Emerson, a global technology and software company, is to be a Globalworth tenant starting with April 2022. The company has signed a seven-year lease for a 1,100 square meter office space in the Globalworth Campus C in Bucharest.    Emerson, comprised of two global business platforms — Automation Solutions and Commercial & Residential Solutions, is […]

Euroins Romania, par of Bulgaria’s Eurohold Group, ended 2021 with underwritten gross premiums of RON2.2 billion (BGN888 million), up 67% from 2020, in line with data from the group’s financial report.

Online supermarket sezamo, part of Czech Rohlik Group, which will be inaugurated in Romania this spring, has announced the creation of some 1,000 jobs in its first year of activity on the local market.

The European Union's dependence on Russian gas must end and countries must insist more on alternative energy sources, Romania's President Klaus Iohannis told a joint news conference with European Commission President Ursula von der Leyen, held in Bucharest on Thursday (March 3).

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 soared to 3.97% a year on Thursday (March 3, 2022) from 3.91% a year on Wednesday (March 2), in line with central bank data.

Independent law firm Noerr on Thursday announced that it recruited Anca Mihailescu as associate partner and head of its Energy Practice in capital Bucharest.

One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, said in a stock market report on Thursday that the One Cotroceni Park residential development has obtained the Green Homes pre-certification granted by the Romania Green Building Council.

Raiffeisen Bank ended 2021 with a net profit of RON788 million (EUR160 million), 22% higher than RON644 million in 2020, the Bank said in a stock market report on Thursday (March 3).

Romania's seasonally adjusted unemployment rate reached 5.7% in January 2022, data from the country's statistics board INS showed Thursday.

Emerson, part of US concern of the same name, active on the local market for over 15 years, signed a seven-year lease contract for 1,100-sqm office space in Bucharest’s Globalworth Campus C project.

Theta Furniture&More, a major player on Romania’s interior design and custom-made furniture, expects EUR14 million turnover for 2022 after completing a new furniture plant.

Dragos Damian, CEO of one of Romania’s major drug makers, Terapia Cluj, says the company plans to carry out investments worth EUR5.5-5.8 million in Romania.

Uniqa Romania, made up of two companies belonging to Austria’s group Uniqa, wants to expand its business, with warranty insurance as a segment where the company wants to develop solutions, stated Paul Cazacu, Uniqa Asigurari CEO.

Rodbun group has a total investment budget of RON50 million in 2020 and envisages company acquisitions, renewable energy production and the setting up of a digital agricultural bank, explained Octavian Petrescu, CEO of the group.

SII Romania, a company specializing in IT services and solutions, saw an increase of about 200% in the number of projects handled last year, which had an impact on the number of employees, which grew by about 250 IT engineers, exceeding the initial targets set by the company's representatives.

Aerostar Bacau (ARS.RO), a manufacturer of aircraft components, posted about RON376 million revenue last year, up about 30% on the previous year, its preliminary results report says.

The European Commission (EC) on Wednesday approved the establishment of a humanitarian corridor for Ukraine, an initiative promoted by Romanian MEP Victor Negrescu and backed by some 90 MEPs.

Smartree, a company providing integrated human resources services and software solutions, on Wednesday said it concluded a partnership with Salarium Fintech, the first platform for instant payment of salary advances and financial education in Romania.

New car registrations in Romania grew by 24.92% on the year to a total 8,616 units year-over-year in February 2022, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed Wednesday.

Individual investor Behboud Madadi plans to acquire 35 million shares of regional investment fund SIF Oltenia (SIF5), the equivalent of a 7% ownership stake, and the package of shares is worth RON70 million (EUR14 million).