Romania Feed

GTC received a Silver Award in EPRA Sustainability Best Practices Recommendations Awards. Such recognition on first-ever participation in the contest proves high standards of environmental, social and governance reporting practices implemented by the Group on the CEE scale.   GTC has successfully debuted in the EPRA sustainability best practices award and achieved silver level compliance […]

From 13 to 15 October 2021, 27th Golden Drum, an international festival of creativity, invites everyone to join more than 50 world-renowned speakers from 20 different countries sharing the most trending topics, stories, and advice. A wide selection of marketers, PR managers, entrepreneurs, designers, and creative directors will reveal how they keep business agile, innovative […]

MOM, the gastronomic project started by Toni Godeanu, Răzvan Buruiană, Claudia Becea and Andrei Vintilă, is open to the public starting with October 11, on Strada Franceză 2, corner with Calea Victoriei.   MOM is about the celebration of feminine energy, the absolute sincerity of simplicity, the continuous struggle between the natural and what is […]

Starting October 2021, ICEBERG launches a Hub in Romania supported by EIT Urban Mobility, together with its partners, Spherik Accelerator and The Romanian Federation of Metropolitan Areas and Urban Agglomerations.   Hub in Romania supported by EIT Urban Mobility By representing EIT Urban Mobility, which is an initiative of the European Institute of Innovation and […]

Transportation is one of Romania’s major problems, so how do we integrate sustainable business models in the automotive industry and change the way we move? How do we integrate more green cars in our smart cities? Important questions asked at BR’s recent Environmental & Sustainability Summit 2021 were promptly answered by Adrian Huma, Sector Head […]

At BR’s Inspiring Voices #EqualFuture conference, we talked about Gender Equality, Diversity & Inclusion, and Alina Amza, Group Wellbeing & Inclusion Director at Superbet, a global company with employees of many nationalities, talked about the challenges of the new reality and how the company managed to homogenize the diverse human factor, with different personalities and cultural […]

OMV Petrom, the largest energy company in South-Eastern Europe, on Friday reported a 10% decrease in the natural gas production in the third quarter of 2021 compared to the second quarter and a 15% decline compared to the third quarter of 2020.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, stayed at 2.10% a year on Friday (October 8), the same level as on Thursday (October 7).

Early Game Ventures announces the signing of an investment worth EUR 1.8 million in Kinderpedia (kinderpedia.co), the complete digital communication and management solution for schools and kindergartens built in Romania and recognized in Europe for innovation and social impact. Existing investors, RocaX, Growceanu, and business angels also participated in the round.   Kinderpedia is an […]

Raiffeisen Asset Management (RAM), which specializes in managing the investment funds of Raiffeisen Group in Romania, has become the largest mutual fund manager on the local market, after the company’s assets exceeded RON6 billion at the end of August 2021.

The latest ABSL study, carried out in collaboration with PwC, presents the business services  industry at a macroeconomic level, as well as in an European context. In 2020, the business services industry contributed with 5.4% to Romania’s Gross Domestic Product (GDP), ranking in the top five industries, along with real estate development (7.7%), construction (6.1%), public administration (5.5%) and retail (5.3%).   The business services sector has seen substantial growth over time, from a share of about […]

Producers of electronics and electrical home appliances in Romania manufactured products worth over RON8.1 billion in 2020, higher by 12% than the 2019 level and almost fourfold higher than in 2008, per calculations by Ziarul Financiar based on Trade Registry data.

Construction company Masterbuild wants to carry out development activities and is readying a project involving an industrial park with cooling systems, located in Butimanu (Dambovita County), which entails investments worth around EUR15 million, said Mirela Harmanescu, COO, Head of Engineering & Technical Dept. with Masterbuild.

Croissant, biscuit and wafer maker Alka Trading, including brands such as Alfers and Toortizi in its portfolio, is poised to invest RON10 million in production, with half of the sum coming as state aid. The project is about to be kicked off.

The biggest domestic cosmetics maker Farmec Cluj targets brand internationalization on the long term, in ten years.

German-owned discount store chain Penny aims to have 60% of products sold in Romania manufactured and processed in Romania by 2022, according to the company’s representatives.

Romania's business services industry generated revenue of EUR9 billion in 2019, employing some 179,000 people countrywide and having almost 1,080 firms registered at the finance ministry with specific CAEN (Classification of Activities in the National Economy) codes, per a survey by the Association of Business Service Leaders in Romania (ABSL) in association with PwC Romania.

Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) said in a stock market report Thursday that it raised RON45.8 million from 52 shareholders which subscribed 18.3 million shares within the company’s share capital increase carried out via Prime Transaction.

Business software producer EPAM Systems has leased 1,100 square meters of office space in Bucharest’s Crystal Tower project, based on a contract concluded with PPF Real Estate, a Czech developer and investor with real estate assets worth EUR2.4 billion globally.

Romania's finance ministry on Thursday reopened a bond issue due in November 2025, raising 413.6 million lei (EUR83.5 million), RON87 million below the targeted level, at an average yield of 3.86%, central bank data showed.