Romania Feed

The situation created by the conflict in Ukraine has generated a wave of migration to Romania and other European countries, as Ukrainians but also citizens of other countries in the region seek for safe areas to settle, at least until the end of the war.

We’re now in the home stretch, the final mile, for the prestigious Business Review Awards Gala, held this year on March 7 at the JW Marriott Bucharest Grand Hotel. We’re happy to announce that, once again, BR’s signature gala has drawn many excellent nominations across its 11 categories, proving once again how coveted the established “angel […]

Metagame, a Romanian studio developing mobile games in Bucharest, was acquired by Fortis, a video game developer and publisher, representatives of the two companies said in a statement.

The Association for Values in Education (AVE) launches HumanKind, the social-emotional education program – SEL, through which teachers will be trained to support students in the optimal development of social-emotional skills. The program starts with a pilot, which included 12 public schools from Iaşi, Botoşani, Suceava, Dâmboviţa, Olt, Sibiu, Neamţ, Satu Mare and Ilfov counties. […]

Softlead, a marketplace enabling companies to choose the appropriate software application based on digital DNA, said it attracted a funding round worth EUR200,000 through Ronin crowdfunding platform, according to company representatives.

Startup Hyperhuman, which develops a platform of customized fitness trainings using the artificial intelligence (AI) technology, on Wednesday announced a new investment round worth EUR700,000 run by the fund Sparking Capital and backed by investors Early Game Ventures and SeedBlink, company officials said in a statement.

eToro, the social investing network, launched today its new FemaleLeadership Smart Portfolio, offering investors long-term exposure to companies already exhibiting strong gender-equality credentials and awareness.     Research has shown that increasing the proportion of women in leadership positions has a positive impact on a firm’s profitability and also tends to enhance factors such as mentorship, […]

The Alexandrion Group is strongly involved in supporting those affected by the war in Ukraine through a series of humanitarian actions developed through the Alexandrion Foundation. In order to increase the impact of these actions and to provide assistance to as many people directly affected by the crisis in Ukraine as possible, the Alexandrion Foundation […]

Canadian company CGI, one of the largest IT and business consulting services firms in the world, will be hiring 5,000 people in Europe, of whom 150 people at its head office in Romania.

In 2021, in Romania, a record number of credits has been registered* – the highest of the last 15 years. Romanians’ intentions to access financing have significantly increased, and Volt comes to gratify this wish.      According to statistics analyzed by the company, most users who access a mortgage credit have a credit score of […]

Smartree, the strategic partner that offers integrated human resources services and software solutions, announces a partnership with Salarium Fintech, the first platform for instant payment of salary advances and financial education in Romania. Thus, the employees of Smartree customers will be able to choose the day when they want to receive a salary advance, without […]

The smart video content company for the health & fitness industry aims to boost its global expansion and enable organizations to produce quality video content at scale    Hyperhuman is the omnichannel content platform that empowers digital or traditional health & fitness businesses to create and publish video content on any channel or format. After […]

During the Mobile World Congress in 2022, Huawei unveils a disaster recovery & backup service solution to enable enterprise users to achieve high reliability and resilience in cloud scenarios, and ensure service migration to the cloud.   Hank Stokbroekx, Vice President (VP) of Digitization and Technical Service Dept of Enterprise BG, said: “With the explosive […]

Buying the first house usually means using a mortgage loan solution, involving a credit score that people do not know how to find. Volt users can check their credit score repeatedly, at any given time, without it being negatively affected. In some cases, a simple in-bank interrogation of the score calculated by the Credit Bureau […]

The situation created by the conflict in Ukraine has generated a wave of migration to Romania and other European countries, as Ukrainians but also citizens of other countries in the region seek for safe areas to settle, at least until the end of the war. Beyond the challenges resulted from crossing borders, many of them […]

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, soared to 3.91% a year on Wednesday (March 2, 2022) from 3.87% a year on Tuesday (March Feb 23), in line with central bank data.

Agroland Business System, a Romanian retail, agriculture and food entrepreneurial group, which owns the biggest agricultural store network in Romania, for 2021 reported consolidated revenues of RON233.9 million, up 23% from 2020 and net profit of RON8.5 million, in line with the level projected by the company for 2021.

Romanian maritime port operator Socep Constanta, reported RON2.4 million profit for 2021, down 79.4% from the previous year.

Integrated mobility services provider Autonom Services, which in 2021 secured the largest entrepreneurial bond funding on the Bucharest Stock Exchange, posted net profit of around RON22.3 million last year, from EUR7.2 million in 2020, up 209.3% year-on-year.

Patria Bank (PBK.RO), a lender held by Emerging Europe Accession Fund (EEAF) ended 2021 with a net profit at individual level of RON9.46 million, an increase of 238.3% or RON6.7 million on the 2020 level.