Romania Feed

The Zara store on the ground floor of the Unirea Shopping Center in the heart of Bucharest has been closed due to a decrease in foot traffic in the area and therefore in sales.

President Klaus Iohannis said on Tuesday, in the context of Russia’s invasion of neighboring Ukraine, that Romania would increase the government expenditure on defense to 2.5% of gross domestic product (GDP) and ensure its energy independence.

Auto parts manufacturer Altur Slatina (ALT.RO) on Tuesday said it ended 2021 with a turnover of RON93.5 million, up 24% on the year, and a loss of RON7.4 million, half the RON16 million level reported in 2020.

Romanian apparel manufacturer Braiconf Braila (BRCR.RO) on Tuesday said it ended 2021 with total revenue of RON23.5 million, down 35% from 2020, and a loss of RON3 million, compared to a net loss of RON5.1 million reported in 2020.

Constant change is inevitable when it comes to the foreign exchange market (known as forex). With this highly liquid market receiving trillions worth in trades each day, currency values can rapidly fluctuate at any moment. In order to stay one step ahead, it is essential that you not only know the movements of currency values, […]

Romanian company Roweb, which implements end-to-end software solutions, on Tuesday said it ended 2021 with sales of over EUR4.3 million, up almost 20% on the year, company representatives said in a statement.

It’s quite frustrating to face issues while using Citrix virtual desktops and applications. These work issues can also decrease the productivity of the employees. Therefore, to ensure an effective Citrix user experience, an organization must immediately detect and resolve the issues. Finding out the root cause behind the issues can help an organization to provide […]

Dov Katz is married with three children and another one on the way and currently living in Ramat Hasharon. He has a lot of experience in leading companies and technology teams in the fields of robotics, artificial intelligence and computer vision. Two of his favourite things are building teams and helping them grow to realise […]

CIEL Romania, one of the most important manufacturers of software for companies, becomes NextUp and invests over 1 million euros in the development of new technologies and rebranding. For 2022, the company targets an increase of over 30% in turnover and a market share of 50% in terms of local businesses.    “The idea of […]

Shareholders of electricity distributor and supplier Electrica will discuss at their general meeting on April 20 approving a ceiling of up to RON900 million for the company’s bond issues for the period 2022-2023.

EMI, a company specialized in integrated solutions and services for industrial access in Romania, announces the acquisition of a majority stake of 70% in Access Systems, a Belgian company specialized in providing industrial access services.

Fast moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) on Tuesday said it recorded a net profit of RON68 million in 2021, up 24% on the year, the highest level since the company’s setup, and revenue of RON1.93 billion, up 13% on the year.

Romania's foreign exchange reserves decreased by EUR1.22 billion in February 2022 versus January 2022, to EUR41.8 billion, central bank data showed Tuesday.

Electrica (EL.RO), one of the main players on the energy supply and distribution market in Romania, seeks to pay out total dividends worth RON152.8 million, respectively 50% of the individual net profit after the distribution to the legal reserve, corresponding to a gross dividend of RON0.45 per share.

Carrefour Romania and the Carrefour Foundation support the efforts of the Romanian Red Cross and the FARA Foundation to provide support to Ukrainian refugees at four border crossing points in Satu Mare, Maramureș, Suceava and Tulcea counties. The donations will be used by the two NGOs to provide over 270 tons of food and hygiene […]

In troubled times there can be many uncertainties, but the past couple of days have shown that one thing is for sure: people, no matter where they are around the world, can get together and support those in need. To show that actions speak louder than words, TBI Bank will provide 250,000 euro to support […]

Paint, coatings and other construction material manufacturer Daw Benta seeks to open a factory and a logistics warehouse in the Republic of Moldova, where it already has distribution activities.

Code for Romania Association has launched an ecosystem of digital solutions to help out the Ukrainian refugees. Currently, it’s available www.refugees.ro, a platform designed as a real-time map of Romania with the resources offered, from accomodation to transportation, food, pet care and many others, as well as border real waiting time, both in Romania and Poland. The […]

Mindspace, the global flexible office provider, announces the appointment of Ana Nekhamkin as its new global VP of Real Estate and Projects. In this role Nekhamkin will be contributing to the Company’s growth including building out the real estate team, signing new properties and delivering projects.    Ana Nekhamkin has robust experience in building and […]

 EMI, leader in integrated solutions and services for industrial access in Romania, announces the acquisition of a 70% stake in Access Systems, a Belgian company specialized in providing industrial access services. The investment in Access Systems is part of EMI’s strategy, developed together with Morphosis Capital, to expand the company’s international presence through M&A transactions.  […]