Romania Feed

Romanian software solution development and implementation company and IT and Cloud infrastructure provider Bento (BENTO.RO) ended 2021 with RON27.3 million revenue, an increase of 78% year-on-year and RON4.5 million net profit, 144% higher than in 2020.

ING Bank Romania made net profit of RON1.03 billion in 2021, up 109% compared with 2020, while total revenue rose to RON2.35 billion, up 11%.

On January 17, 2022, Romanian Law no. 22/2022 entered into force for amending and supplementing the Emergency Ordinance no. 194/2002 regarding the status of foreigners in Romania, a regulation that outlines the legal status of the concept of digital nomads in Romania.   This regulation represents a considerable legal novelty given the changes of work conditions […]

Management consultancy firm Horváth ended 2021 with a turnover of approximately EUR5.4 million, after recovering the losses from the pandemic, which translates into an increase of almost 30% versus 2020.

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 4.53% a year on Tuesday (March 22, 2022) from 4.49% a year on Monday (March 21), in line with central bank data.

The Board of Directors of regional investment fund SIF Oltenia (SIF5.RO) has summoned the fund’s shareholders on April 28, 2022 to vote on how to distribute the net profit for 2021, in the amount of RON387 million.

KPMG and FLOWX.AI announced today a strategic collaboration to support enterprises developing unified, customer-centric, personalized digital experiences. This partnership enables large companies to create personalized, streamlined and delightful products and services in the digital environment – at only a fraction of the typical cost and time associated with digital developments.   KPMG is a world-leading […]

Agroserv Măriuța (BVB: MILK ), a Romanian agricultural company and owner of the Lăptaria cu Caimac brand, posts a turnover of 68.3 million lei for 2021, an increase of 40% compared to 2020 and a net profit of 1.7 million lei, compared to a loss of 6.2 million lei recorded in 2020. The company recorded an operating […]

Postis, the first Romanian digital platform for delivery management, automation, and optimization, launches Parcely, the first integrated Track & Trace app for end-customers. They will be able to seamlessly track directly on their smartphone all the orders they are about to receive, regardless of the store they purchased from, and the courier company used for […]

Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) is proposing to shareholders a gross dividend of RON7.28 per share, meaning the distribution of a total sum of RON50.4 million from the RON52 million profit registered in 2021.

Agroserv Mariuta, the Romanian company that owns Laptaria cu Caimac brand, ended 2021 with RON68.4 million turnover, up 40% from 2020 and net profit of RON1.7 million, from RON6.2 million losses in 2020.

Pharma group Bioeel, owned by businessman Albert Attila, a founding member, and Jean Scheftsik de Szolnok, a French citizen, expects 7-8% turnover growth at group level for 2022 on the year.

Smart Fintech launches a new open-banking product, Smart Accounts, the only account interrogation service – AIS, developed in Romania and authorized by the National Bank of Romania (NBR). The solution suits individuals and legal entities (who will thus be able to access all their bank accounts in one place) and all the companies processing their […]

VarunaS, a company operating in the field of toy retail and wholesale, registered a two-digit turnover increase in 2021 against 2020, to around RON14 million, in line with ZF calculations based on company data.

Amid dwindling hydrocarbon output due to natural decline and the sale of some deposits, coupled by lower demand for natural gas, OMV Petrom has budgeted only 6% higher profit for 2022 year-on-year and 1% lower sales.

Verdino, a Romanian producer of meat alternative products using pea protein co-founded by Raul Ciurtin, is strengthening its position in Germany, with its products listed in 8,000 stores in the country.

Bittnet (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock Exchange has announced the completion of the negotiations for the full takeover of IT&C integrator TopTech. The deal is subject to approval by the Competition Council.

Pharmaceutical wholesaler Mediplus Exim, part of the A&D Pharma group, controlled by Penta Investments, increased its revenue by 15% to RON4.6 billion in 2021, the company said.

Romania's finance ministry on Monday raised 537 million lei (EUR108.7 million), selling bonds maturing in 2034, at an average annual yield of 6.21%, central bank data showed.

Kinderpedia, the communication and management platform for kindergartens and schools created in 2014 by Evelina Necula and Daniel Rogoz, has signed a partnership with Maple Bear Global Schools, the largest global Canadian bilingual education franchise network, for the integration of all educational, operational and financial activities in a single digital platform.