Romania Feed

Alpha Bank Romania introduces on the local market three investment funds available in euro and dollar denominations, which are registered in Luxembourg and address investors who wish to have a flexible and diversified portfolio with a global asset allocation in the medium to long term investment horizon.

The second half of 2022 will force company leaders to adopt an austerity plan, in the context of the accelerated increase of energy or fuel prices, but also in the current conflict in Ukraine context.   Thus, in some industries, marketing budgets or certain bonuses for employees may be waived and there will be cases […]

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 4.55% a year on Wednesday (March 23, 2022) from 4.53% a year on Tuesday (March 22), in line with central bank data.

MedLife (M.RO), the leader of the Romanian private medical services market, said in a stock market report on Wednesday that Mihai Marcu, CEO and Chairman of the Board of Directors, sold a package of 620,000 M shares, at the price of RON23 per share, on Monday (March 21, 2022).

NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, announces the “Donate for the Ukrainean people” campaign, conducted through SPOT, the mobile loyalty application of the company.   Thus, the group commits to donate the amount of 75.000 euro to the humanitarian organization Crucea Roșie Română, for the acquisition […]

Alpha Bank Romania introduces to the local market three investment funds part of Alpha (LUX) Global Funds, managed by Alpha Asset Management A.E.D.A.K., the Alpha Bank Group company specialized in fund management, and supervised by the Commission de Surveillance du Secteur Financier from Luxembourg.   Alpha (LUX) Global Funds incorporate environmental, social, and governance criteria […]

Romanian students who wish to study at universities abroad pick as first options areas like computer science, economy, law, psychology, medicine, and engineering, according to data retrieved from Upgrade Education, the educational consulting company.   The most popular destination is The Netherlands – due to economic reasons. “Pupils are considering an EU university as a […]

Footwear retailer Benvenuti, controlled by local entrepreneur Dan Pavel, has budgeted 10%-15% turnover growth for 2022 year-on-year, supported both by the online store and the opening of new units.

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use, and office real estate in Romania, announces intention to raise up to 100 million euro in equity from investors in a share capital increase operation, which will be subject to the vote in the General Meeting of Shareholders on April 26th, 2022.   The […]

Calin Costinas, deputy CEO of Profi, says the company will in 2022 slow down the pace of new unit openings, but step up the pace of existent unit refurbishment.

Salarium, a platform via which employees can get a salary advance payment without fees or interest, wants to reach 12,000 employees registered by partner companies this year, according to Alina Stefan, Salarium CEO.

A major European IT group is likely to directly enter the ranking of Romania’s 20 biggest tech employers with the opening of a center for which it plans to recruit several hundred people.

Global companies with sustainable business practices and a solid international presence, such as Kuhn Group, are continuing to explore new strategic markets in Central and Eastern Europe (CEE), by including the Romanian market into their regional portfolio, despite the current geopolitical and economical context. The Austrian Kuhn Group, one of the most dynamic players leading […]

Romgaz announced on the Bucharest Stock Exchange on Tuesday evening that it was moving towards the completion of the transaction with the US’ Exxon on the acquisition of the latter’s stake in the Black Sea gas project.

Real estate developer One United Properties (ONE.RO) has summoned its shareholders on April 26, 2022 to approve, among others, the distribution of dividends in the amount of RON42.5 million (gross dividend amount), out of which RON38.3 million from the Company’s net profit for 2021 and RON4.2 million representing undistributed profit registered for the previous years, as per the summoning note.

The Board of Directors of Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, is summoning its shareholders on April 27, 2022 to discuss, among others, the distribution of the company’s net profit of RON1.6 million recorded in 2021.

Courier services expect imminent price increases amid rising inflation and rising fuel, gas and electricity prices, according to an analysis by Innoship, a technology company that has developed a global delivery management solution for online stores.

Romanian climber Gabriel Baicus aims to reach in less than 24 hours two of the highest peaks in the world – Everest and Lhotse. He will undertake this trial in April-May this year and it will represent a first for Romanian climbing history. Those who wish to further support him in this project can do […]

Bento – Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company, specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, reports a turnover of 27.3 million lei, an increase of 78% compared to 2020, EBITDA of 5.3 million lei, +124% compared to 2020 and a net profit of 4.5 million lei, […]

A speaker in Business Review’s recent re:FOCUS on eCommerce, Retail & Logistics 2022, Geanina Ungureanu, Senior Asset and Leasing Manager Retail at IMMOFINANZ, talked about the future of retail developments, but also about the latest trends that have emerged during the past year, such as the increased appetite for online displayed by most retailers. By […]