Romania Feed

The courier industry has witnessed significant growth in the past decade, going from 875 million lei revenue in 2008 to more than RON4 billion ten years later, according to the National Statistics Institute data.

Prime Minister Florin Citu on Monday said the salaries of employees in the public sector would be frozen at the level of December 2020.

Creditors of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, approved the reorganization plan submitted and undertaken by the special administrator RTZ & Parteners SPRL, mandated by the general meeting of shareholders, per a stock market report released Monday.

E-Distributie Muntenia, the electricity distribution operator part of Enel Group, has invested nearly RON230 million in 2020 in digitalizing and modernizing the equipment and electricity networks in capital Bucharest and the counties of Ilfov and Giurgiu.

Nova Power & Gas, a member of E-INFRA Group, on Monday announced the inauguration of a natural gas network in the town of Huedin (Cluj County). The investment in the first development stage of the project exceeds RON11.3 million.

Romania’s new government led by Prime Minister Florin Citu said it would discuss this week increasing the minimum gross wage to RON2,300 (around EUR471) in 2021, from RON2,230 (around EUR457) currently, which means an increase of RON70 (EUR14.3).

French-held Carrefour group will end the year with 368 brick and mortar stores under various formats in Romania, in addition to the online store and Carrefour’s presence on the Bringo platform in 36 cities.

Private lending in Romania grew 0.7% in nominal terms and 0.5% in real terms in November 2020 compared with October, to RON281 billion, central bank data showed Monday.

The year 2020 was a really good year, given the 220% rise in revenue compared with 2019, despite the challenges of the COVID-19 pandemic and the drought, says Adrian Cocan, chief executive officer of Agroserv Mariuta, the company behind the Laptaria cu Caimac dairy brand.

MedLife Group, the leader of the private medical services market in Romania, announced Thursday it has acquired 100% in CED Pharma group of companies.

Retailer Mega Image will end the year with another sound growth of its sales, but CEO Mircea Moga says this year, marked by the COVID-19 pandemic, was a year of change and challenges.

As you may know by now, this month we focused entirely to Romanian entrepreneurs and Romanian businesses in order to sustain small businesses for Christmas Shopping List. Buying locally also helps keep money circulating in the community, while the local economic return from independent businesses is on average 48% of revenue from independent businesses. Chain retailers, by […]

End of a decade. The crisis caused by the COVID-19 pandemic not only marks 2020, but also leaves its mark on the entire decade that is ending, as well as on the first few years of the coming decade.

Romania exported services worth a total EUR7.4 billion in 2019, of which EUR1.5 billion represented exports of IT services.

The George Enescu International Festival invites classical music lovers to enjoy Enescu’s Vox Maris on www.festivalenescu.ro during this year’s Christmas Holidays. The recording offered presents the symphonic poem Vox Maris with London Symphony Orchestra under the baton of Maestro Gianandrea Noseda and the Romanian Radio Academic Choir conducted by Ciprian Tutu, with tenor Cosmin Ifrim […]

Packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast, said Thursday in a stock market announcement that the intermediary IFB Finwest had notified the company regarding the subscription of shares for the share capital increase.

Construction material producer TeraPlast Group (TRP.RO) has received the financing agreement for the state aid project submitted in November by TeraPlast Folii Biodegradabile SRL, its biodegradable packaging manufacturing subsidiary.

Romania's new government led by liberal prime minister Florin Citu gained a vote of confidence in Parliament Wednesday.

Xiaomi’s stock price reached an all time high at USD 4.11, with its market value at around USD 100.04 billion officially propelling the company into the USD 100 billion club.   Xiaomi’s upgraded “Smartphone x AIoT” strategy launched in 2020 continues to be recognized by the capital market. In Q3, Xiaomi’s global smartphone shipments reached […]

Romania's government will start selling three new bond issues for the general population starting January 4, 2021, the finance ministry announced Wednesday.