Romania Feed

Stay Fit Gym, the second largest chain of gyms in Romania by the number of fitness centers opened, on Wednesday announces the opening of a new unit in capital Bucharest, in Colosseum Mall, following an investment of almost RON3 million.

Romanian natural gas producer and supplier Romgaz (SNG.RO) said on Wednesday that it signed a bank loan agreement with Raiffeisen Bank in the amount of EUR325 million which covers a part of the price for the acquisition of the stake held by US’ Exxon in the Neptun Deep gas exploration and drilling project in the Black Sea.

The local real estate market has rapidly adapted to the new social and business environment, largely countering the imbalances stemming from the restrictions imposed during the state of alert, according to the “Opportunities and challenges of the real estate market after the pandemic” report by Cushman & Wakefield Echinox.   Moreover, an upward trend in all […]

UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its local sales increase by 15% in 2021 versus 2020, to GBP279 million (almost EUR335 million), in line with Kingfisher’s annual report.

Interior design company Chairry Design & Furniture had a turnover of EUR1.1 million in 2021 amid an effervescent market on the furniture and interior design segment in Romania, especially in the hospitality sector which saw a fast recovery in the post-pandemic context.

Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), said in a stock market report that it acquired MCAB shares worth almost RON2.7 million, within four trading sessions held on March 24, 25, 28 and 29, 2022.

Bucharest Stock Exchange system processed RON351.1 million funding for BCR bonds (BCR27.RO) on March 29, 2022, which means the second largest bank in Romania sold bonds to investors, among which Pillar II pension funds and is preparing to the bond issue listed soon.

Romania’s Competition Council is looking into a transaction whereby Dan Ostahie is acquiring Porsche Bank Romania S.A.

Alexandrion Group has a new organizational structure that allows a more efficient management of the group’s businesses, which have broadly expanded globally within the past few years. Thus, key to this is the Family Office entity lead by Mr. Nawaf Salameh, Chairman and two Vice Presidents, roles which will be filled by two of his […]

Romanian fintech FLOWX.AI on Tuesday announced it entered a technological partnership with robotic process automation startup UiPath which will enable the development of customer and employee experiences at unprecedented speed.

Law firm Filip & Company has assisted Tiriac Imobiliare in the sale of a plot of land of 14.5 hectares in the locality of Dumbravita (Timis County) to do-it-yourself (DIY) retailer Dedeman.

Arctic Stream (AST.RO), a Romanian-held company, an integrator of IT infrastructure and security in Romania, is summoning its shareholders on April 27 to approve the distribution of a gross dividend of RON0.8 per share, respectively the payout of dividends worth a total RON3.35 million from its 2021 net profit of RON4.37 million.

Mihaela-Simona Nadasan, Deputy CEO at lender Banca Transilvania (TLV.RO), on Monday (March 28) sold 175,000 shares of the bank, at an average price of RON2.47 per share, with the total value of deals carrying out on the Bucharest Stock Exchange reached RON433,650, as per calculations by Ziarul Financiar (ZF) daily based on a stock market report.

The Bucharest Stock Exchange published on Tuesday (March 29) the volume “Made in Romania: 15 companies for the growth of the Romanian economy and their success stories” and kicks off the fifth edition of Made in Romania.

It’s been one year since Claudia Fleischer, General Manager at Roche Romania, took over at the pharmaceutical company, but with almost 18 years under her belt with the Swiss group, it’s no wonder she already established herself as a leader, not only for her company or the pharma sector, but for the Romanian industry as a […]

Prime Kapital, a real estate developer and investor active in Central and Eastern Europe, has finalized a EUR125 million green loan agreement with a group of banks through its joint venture with MAS plc, a Johannesburg Stock Exchange-listed real estate investor.

FLOWX.AI, a hot startup with a revolutionary new low-code/no-code experience orchestration technology for large enterprises, announced today it has entered a technological partnership with UiPath (NYSE: PATH), a leading enterprise automation software company, which will enable the development of customer and employee experiences at unprecedented speed.   FLOWX.AI, which raised one of the largest seed […]

What do Elon Musk, Kings of Leon, Lil Baby, Aphex Twin, MF Doom, Gucci, Delia or Stefan Popa Popa’s have in common? When art and digital meet technology and blockchain we get NFTs (non-fungible tokens), the latest buzz in the artistic world. Most NFTs are part of the Ethereum blockchain. Any piece of digital content […]

Seven out of ten companies active in Romania have resorted in the last year to stress and anxiety management programs, according to K.M.Trust & Partners data.

Investments in startups by TechAngels members more than doubled year-on-year to EUR 9 million in 2021, and a similar performance is expected this year. Malin-Iulian Stefanescu, the president of Tech Angels, talked to BR about the steady growth of angel investments in Romania and the ambition of seeing a Romanian startup grow into a unicorn […]