Romania Feed
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ZF English - 15:56 Feb 10, 2022
ABN Systems International, an entrepreneurial company that distributes IT&C products and accessories and owns the Tellur brand, is opening a US subsidiary in Texas to support sales in the American market. -
ZF English - 14:42 Feb 10, 2022
System Innovation Romania, an integrator of complete business software solutions, which has two branches on the local market - one in Bucharest and one in Cluj-Napoca, estimates revenue stood at more than EUR1.8 million at the end of 2021, 40% higher than the previous year, the company said in a press release. -
ZF English - 13:50 Feb 10, 2022
The retail market remained highly active in 2021, amid a return of consumer spending and developers delivered ten new retail projects by the end of the year, totaling an about 100,000 square meter gross lettable area, with six of them totaling 70,000 square meters delivered in the fourth quarter. -
ZF English - 10:39 Feb 10, 2022
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 3.53% a year on Thursday (Feb 10), 7.29% above the Wednesday (Feb 9) rate, central bank data showed on Thursday. -
ZF English - 10:08 Feb 10, 2022
Agroland Business System (AG.RO), a Romanian retail, agricultural and food business entrepreneurial group, estimates total sales of RON241 million and a net profit of RON13 million for 2022, according to the budget that will be submitted to shareholders for approval on April 22. -
ZF English - 09:10 Feb 10, 2022
BRD SocGen, the third largest lender in Romania, is calling on shareholders to vote on distributing 70% of last year's net profit as dividends. -
ZF English - 08:54 Feb 10, 2022
BRD-SocGen, the third largest bank on the Romanian market by assets, ended 2021 with a net profit of RON1.27 billion, up 34% on the previous year, while net banking income stood at RON2.95 billion, up from RON2.92 billion in 2020. -
ZF English - 08:38 Feb 10, 2022
Nomis 2003, a construction company in Galati, is now among the largest builders in Romania, after overshooting the RON100 million revenue mark in 2020. Compared to the previous year, the result was up 87%, data from the Ministry of Finance website shows. -
ZF English - 08:22 Feb 10, 2022
Hotel company Ana Hotels, one of the largest on the local market, which operates the Athénée Palace Hilton and Crowne Plaza hotels in Bucharest, as well as hotels by the sea and in Poiana Brasov, ended last year with 63% of the revenue of 2019, the best year in tourism. -
ZF English - 08:04 Feb 10, 2022
The price per net square meter of new homes has gone up 23% to 116% in Romania in 2010-2022, with the smallest increase being reported in Bucharest and the highest in Cluj-Napoca, ZF has calculated based on the data provided by Imobiliare.ro according to ads listed on the site. -
ZF English - 07:17 Feb 10, 2022
Nord Wind Power is the project company that broke the ice this year, obtaining the first technical permit to connect to the grid in 2022 for a wind farm in Iasi that, if completed, is estimated to be worth around EUR100 million. -
ZF English - 17:25 Feb 09, 2022
Romanian company KIM specialized in providing software solutions for the digitalization of business processes in the naval, oil and gas, logistics and production industries, seeks to attract a new funding round and plans to launch a new software product, KIM officials said in a statement. -
Business Review - 17:07 Feb 09, 2022
re:Focus on eCommerce, Retail & Logistics is almost here, so tune in with BR’s first event of 2022. The live stream will start at 11:00 AM on BR’s YouTube channel, make sure to subscribe and click the bell to set a reminder so you won’t miss a second of BR’s first event of 2022! The […] -
ZF English - 16:48 Feb 09, 2022
euShipments, a supplier and integrator of courier and fulfilment services in Eastern Europe, is expanding its foothold on the Romanian market, as part of a strategic investment of several million euros targeting its international expansion on several markets, company representatives said in a statement. -
ZF English - 16:04 Feb 09, 2022
Romania’s State, on behalf of the energy ministry, has requested that seven new interim members of the Board of Directors should be elected at natural gas producer and supplier Romgaz (SNG.RO), in line with a stock market report released Wednesday (Feb 9). -
Business Review - 14:58 Feb 09, 2022
SAGA announces new artists in the line-up of the second edition of the first festival of 2022 in Romania, which will take place on 3, 4 and 5 of June, at National Arena in Bucharest. With dozens of hits, amazing sets in the whole world and millions of fans, DJ Snake, Tiesto, Ofenbach, Fisher, Meduza […] -
ZF English - 14:54 Feb 09, 2022
Startup StockBinder, which facilitates rapid integration between online stores, suppliers and manufacturers, has raised as much as EUR200,000 of the amount of EUR300,000 it seeks to attract from investors through the Ronin investment platform, company officials said in a statement. -
ZF English - 14:38 Feb 09, 2022
Gothaer Asigurari has started the necessary steps to align with Allianz-Tiriac's operations. Ciprian Pop, Gothaer's new CEO recently approved by the Romania’s Financial Supervisory Authority (ASF), and Cosmin Angheluta, deputy CEO, will ensure the transition, the Gothaer representatives said. -
ZF English - 14:14 Feb 09, 2022
Sipex, a wholesaler of materials and finishes for constructions, plans to raise RON32 million through a private placement aimed at funding the company’s development projects. -
ZF English - 13:51 Feb 09, 2022
Romania's central bank on Wednesday (February 9) raised its benchmark interest rate by 0.5 percentage points to 2.5% a year from the current rate of 2% a year, starting February 10, 2022.