Romania Feed

Veeam Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, today announced that it has appointed John Jester as Chief Revenue Officer (CRO). Jester will lead Veeam’s go-to-market growth strategy and help build upon Veeam’s position as the #1 provider of Modern Data Protection solutions spanning Cloud, Virtual, Physical, […]

The Board of Directors of Germany’s Schaeffler Group has appointed Stefan Gulacsi-Gologan to the position of administrator of the local division Schaeffler Romania starting May 2022.

Stay Fit Gym, the second largest chain of gyms in Romania, after the number of open centers, announces the complete takeover of two fitness centers owned by the Gym District in Pitești. This is the second M&A transaction announced by Stay Fit Gym after taking over Neby Fitness, a center in the Piața Domenii area […]

Amber, the largest Romanian independent game development studio, posts a record turnover of 30.5 million USD (126.8 million lei) in 2021, a 56% increase year on year.   “2021 has been an excellent year for Amber, a year when we saw massive growth in the sales pipeline, driven by the investments carried out over the […]

SoftServe, a technology company and specializing in consultancy services and software development, has opened a new office in Romania’s capital city of Bucharest, as part of its strategy to expand global delivery capabilities.

Distributie Energie Electrica Romania, the electricity distribution subsidiary of Electrica Group, has an investment plan of RON689 million for 2022, for the modernization and development of the electricity distribution system.

FinsRoyal Is a breakthrough in terms of automated trading platforms. Not only does it give you complete freedom over your funds, but it lets you withdraw your profit anytime you want. No more locking your funds for a threshold value. With a huge collection of trading instruments and a great technical analysis tool available, FinsRoyal […]

The Bucharest Stock Exchange on Wednesday said the shares of Chromosome Dynamics will start trading on the AeRO market, the equity segment of the Multilateral Trading System, under the stock ticker CHRD, on Thursday, May 5.

The Elisabeta Palace Evening was celebrated on Tuesday, May 3rd, event dedicated to the International Festival EUROPAfest in the presence of His Royal Highness Prince Radu. The event on Kiseleff Road was attended by Mr. Luigi Gageos, the director of the festival, and a series of business representatives.   The last two years marked a […]

Romanian video game developer Amber on Wednesday said it ended 2021 with a turnover of RON126.8 million (USD$30.5 million), up 56% versus 2020.

In April 2022, KPMG published its Global Economic Outlook report, based on expert analysis by economists from throughout the KPMG network of member firms. At a time when economic forecasting has become more challenging, the report aims to offer a degree of guidance which can help businesses, governments and individuals to navigate the uncertainties ahead. […]

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, has increased to 5.10% a year on Wednesday (May 4) from 5.07% on Tuesday (May 3), as per central bank data.

Stay Fit Gym, the second largest chain of gyms in Romania by the number of fitness centers opened, on Wednesday announced the full takeover of two fitness centers held by Gym District in the town of Pitesti.

Instant Factoring, the Romanian fintech specializing in microfinancing for small and medium companies, launches a sector study on the challenges faced by the road freight transport industry in Romania, caused by two consecutive crises, the pandemic and the military conflict in Eastern Europe and their economic impact. According to Romanian entrepreneurs in the field, financing […]

Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision this evening. Asian turnover is being further muted by a long week of holidays this week. Mainland China, Japan, Malaysia, Indonesia, and Thailand are on closed today. […]

The “Kickoff” for the realisation of the Floating Storage and Regasification Unit (FSRU) of Liquefied Natural Gas (LNG) in Alexandroupolis by Gastrade SA was formally given in a special ceremony that took place in the old Storage House of the Alexandroupolis Port Customs on Tuesday, May 3, 2022. The Prime Minister of Greece, Kyriakos Mitsotakis, […]

The Ministry of European Investments and Projects (MIPE) has published on 29 April the draft GEO for POC 4.1.2, a new non-reimbursable funding axis for working capital in the agri-food sector, with a total allocated budget of around EUR 300 million.   The objective of the scheme is to support SMEs in the context of […]

Retail sales, the most important barometer for private consumption, went up by 5.5% in unadjusted data year-over-year in the first three months of 2022 amid rising sales of car fuel in specialized stores (+9.8%), of non-food items (+7%) and food items, beverages and tobacco (+1.7%), in line with data from the country’s statistics board (INS).

A company of Brasov, founded in 2013 by two brothers, Tudor and Alexandru Iliescu, which has become, with its Mondly brand, a global leader on foreign language learning app market, has been acquired by British giant Pearson, the global leader of the learning services market.

DP World, one of the world’s biggest port operators, is set to invest $15 million in an intermodal terminal in Decea, near Aiud, which will connect the central area of Romania to Constanta harbour.