Romania Feed

eToro, the social investing network, launched today its new FemaleLeadership Smart Portfolio, offering investors long-term exposure to companies already exhibiting strong gender-equality credentials and awareness.     Research has shown that increasing the proportion of women in leadership positions has a positive impact on a firm’s profitability and also tends to enhance factors such as mentorship, […]

The Alexandrion Group is strongly involved in supporting those affected by the war in Ukraine through a series of humanitarian actions developed through the Alexandrion Foundation. In order to increase the impact of these actions and to provide assistance to as many people directly affected by the crisis in Ukraine as possible, the Alexandrion Foundation […]

Canadian company CGI, one of the largest IT and business consulting services firms in the world, will be hiring 5,000 people in Europe, of whom 150 people at its head office in Romania.

In 2021, in Romania, a record number of credits has been registered* – the highest of the last 15 years. Romanians’ intentions to access financing have significantly increased, and Volt comes to gratify this wish.      According to statistics analyzed by the company, most users who access a mortgage credit have a credit score of […]

Smartree, the strategic partner that offers integrated human resources services and software solutions, announces a partnership with Salarium Fintech, the first platform for instant payment of salary advances and financial education in Romania. Thus, the employees of Smartree customers will be able to choose the day when they want to receive a salary advance, without […]

The smart video content company for the health & fitness industry aims to boost its global expansion and enable organizations to produce quality video content at scale    Hyperhuman is the omnichannel content platform that empowers digital or traditional health & fitness businesses to create and publish video content on any channel or format. After […]

During the Mobile World Congress in 2022, Huawei unveils a disaster recovery & backup service solution to enable enterprise users to achieve high reliability and resilience in cloud scenarios, and ensure service migration to the cloud.   Hank Stokbroekx, Vice President (VP) of Digitization and Technical Service Dept of Enterprise BG, said: “With the explosive […]

Buying the first house usually means using a mortgage loan solution, involving a credit score that people do not know how to find. Volt users can check their credit score repeatedly, at any given time, without it being negatively affected. In some cases, a simple in-bank interrogation of the score calculated by the Credit Bureau […]

The situation created by the conflict in Ukraine has generated a wave of migration to Romania and other European countries, as Ukrainians but also citizens of other countries in the region seek for safe areas to settle, at least until the end of the war. Beyond the challenges resulted from crossing borders, many of them […]

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, soared to 3.91% a year on Wednesday (March 2, 2022) from 3.87% a year on Tuesday (March Feb 23), in line with central bank data.

Agroland Business System, a Romanian retail, agriculture and food entrepreneurial group, which owns the biggest agricultural store network in Romania, for 2021 reported consolidated revenues of RON233.9 million, up 23% from 2020 and net profit of RON8.5 million, in line with the level projected by the company for 2021.

Romanian maritime port operator Socep Constanta, reported RON2.4 million profit for 2021, down 79.4% from the previous year.

Integrated mobility services provider Autonom Services, which in 2021 secured the largest entrepreneurial bond funding on the Bucharest Stock Exchange, posted net profit of around RON22.3 million last year, from EUR7.2 million in 2020, up 209.3% year-on-year.

Patria Bank (PBK.RO), a lender held by Emerging Europe Accession Fund (EEAF) ended 2021 with a net profit at individual level of RON9.46 million, an increase of 238.3% or RON6.7 million on the 2020 level.

The Zara store on the ground floor of the Unirea Shopping Center in the heart of Bucharest has been closed due to a decrease in foot traffic in the area and therefore in sales.

President Klaus Iohannis said on Tuesday, in the context of Russia’s invasion of neighboring Ukraine, that Romania would increase the government expenditure on defense to 2.5% of gross domestic product (GDP) and ensure its energy independence.

Auto parts manufacturer Altur Slatina (ALT.RO) on Tuesday said it ended 2021 with a turnover of RON93.5 million, up 24% on the year, and a loss of RON7.4 million, half the RON16 million level reported in 2020.

Romanian apparel manufacturer Braiconf Braila (BRCR.RO) on Tuesday said it ended 2021 with total revenue of RON23.5 million, down 35% from 2020, and a loss of RON3 million, compared to a net loss of RON5.1 million reported in 2020.

Constant change is inevitable when it comes to the foreign exchange market (known as forex). With this highly liquid market receiving trillions worth in trades each day, currency values can rapidly fluctuate at any moment. In order to stay one step ahead, it is essential that you not only know the movements of currency values, […]

Romanian company Roweb, which implements end-to-end software solutions, on Tuesday said it ended 2021 with sales of over EUR4.3 million, up almost 20% on the year, company representatives said in a statement.