ZF

Nuclearelectrica, NuScale and E-Infra Sign Memorandum of Understanding to Develop First SMR in Romania

Tue, 24 May 2022 17:55:09 GMT

Nuclear power producer Nuclearelectrica (SNN.RO), small modular nuclear reactor (SMR) technology provider NuScale and the E-Infra group of companies on Tuesday signed a memorandum of understanding for the development of the first SMR reactor in Romania on the site of the former Doicesti thermal power plant, in Dambovita County.

Farmec Cluj-Napoca Invests EUR500,000M in Brand Relaunch

Tue, 24 May 2022 17:18:49 GMT

Farmec, one of the largest Romanian companies, is investing EUR500,000 in the relaunch of its brand of the same name and the funds will go towards research, design and communication.

EC: Romania's Public Debt Seen Nearing 73% Of GDP In Ten Years

Tue, 24 May 2022 17:00:29 GMT

Romania's public debt will be nearing 73% of GDP within ten years, in 2032, under the baseline scenario, from just above 50% of GDP currently, as per the debt sustainability analysis carried out by the European Commission in the Semester Report on the country's economy.

Uniqa Asigurari, Uniqa Asigurari de Viata Report Combined Underwritings Of EUR27M For Jan-March 2022, Up 7% YoY

Tue, 24 May 2022 16:52:55 GMT

Austria’s Uniqa Group, which owns in Romania general insurance division Uniqa Asigurari and life insurance division Uniqa Asigurari de Viata, ended the first three months of 2022 with gross underwritings of EUR27 million, up 7% from the same period in 2021, in line with data provided by Uniqa representatives.

Transgaz Signs Agreement With Three Seas Initiative Investment Fund For Up To EUR626M Projects

Tue, 24 May 2022 16:38:38 GMT

Romania’s natural gas transmission company Transgaz (TGN.RO) on Tuesday said it concluded a roadmap agreement with The Three Seas Initiative Investment Fund S.A. SICAV-RAIF (3SIIF), a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe, to collaborate on the construction of planned greenfield gas infrastructure in Romania.

Accor To Open Mercure Hotel In Alba Iulia In 2024

Tue, 24 May 2022 16:04:23 GMT

Accor hotel group on Tuesday said it would open a Mercure hotel in Alba Iulia (central Romania), in the second quarter of 2024.

Online IT Job Platform Joberty Starts Operating In Romania

Tue, 24 May 2022 15:28:16 GMT

Joberty, an online IT job platform that connects employers and candidates in a transparent eco-system, has officially started to operate in Romania starting Tuesday (May 24).

Colliers: Fewer And Fewer Romanians Can Afford To Buy A New Home Due To Soaring Prices

Tue, 24 May 2022 14:33:15 GMT

Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a pace significantly faster than wages, amid rising construction material prices and current economic conditions, favoring the perception that the housing market offers a refuge from inflation, in line with an analysis by real estate consulting firm Colliers.

EY: Energy Security Concerns Prompt Governments To Focus On Renewable Energy Programs

Tue, 24 May 2022 14:14:44 GMT

Governments around the world seek to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy, according to the 59th EY Renewable Energy Country Attractiveness Index (RECAI).

Visa And Western Union Conclude Partnership In Germany And Romania

Tue, 24 May 2022 14:03:23 GMT

Visa and Western Union have concluded a partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and international money transfer app.

Bosch Group Sales up 10% to Almost EUR500M in 2021

Tue, 24 May 2022 13:41:34 GMT

Bosch Group ended the fiscal 2021 with RON2.4 billion (EUR494 million) consolidated sales in Romania, an increase of about 10% year-on-year.

Ursus Breweries Launches Kozel Beer Brand In Romania

Tue, 24 May 2022 11:38:11 GMT

Ursus Breweries, the largest player in the Romanian beer industry, has launched the Kozel beer brand in Romania.

DRUID And Transilvania Leasing & Credit Implement AI Solution

Tue, 24 May 2022 10:30:49 GMT

DRUID and Transilvania Leasing & Credit, one of the most experienced Romanian players on the local credit market, announced the implementation of a conversational artificial intelligence (AI) solution aimed at simplifying customers’ interaction with the company and improving the overall engagement experience.

Romania Private Lending Grows 15.8% YoY To RON339B In April 2022

Tue, 24 May 2022 10:17:59 GMT

Private lending in Romania grew by 15.8% in nominal terms (1.8% in real terms) to RON339 billion in April 2022 compared to April 2021, as local currency lending increased by 19.6% (5.1% in real terms) and foreign currency lending by 6.8% when expressed in lei (6.3% when expressed in euros), central bank data showed on Tuesday.

Three-Month ROBOR Spikes To 5.83% A Year On May 24

Tue, 24 May 2022 09:00:00 GMT

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, increased to 5.83% a year on Tuesday (May 24) from 5.79% on Monday (May 23), as per central bank data.

GTS Telecom Sees 2021 Turnover Rise by 48% YOY to EUR42M

Tue, 24 May 2022 07:14:23 GMT

GTS Telecom, a provider of communication services focused on the corporate market, in 2021 posted 48% higher turnover.

US Lear Corporation Buys Romanian IT Firm Thagora Technology

Tue, 24 May 2022 07:02:19 GMT

Lear Corporation, a US company producing car seats and electronic systems for the automotive industry, has bought Romania’s software company Thagora Technology, founded by entrepreneur Mihai Mitrica in Iasi.

MobilaDalin Ends 2021 with Over EUR10M Turnover, Up 25% YOY

Tue, 24 May 2022 06:54:57 GMT

Romanian upholstered furniture producer MobilaDalin of Reghin, Mures county, a Romanian business founded by Cotoi family 27 years ago, for 2021 reported turnover worth RON50.8 million (EUR10.3 million), 25% higher than in 2020, in line with ZF calculations based on Finance Ministry data.

Evopack Set to Finalize New Plant Shortly

Tue, 24 May 2022 06:48:11 GMT

Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is about to finalize the contruction of its new plant, but is still awaiting machinery for the production unit.

Dacris Mulls Setting Up Network of Hubs in Major Regions of Romania

Tue, 24 May 2022 06:37:49 GMT

Stationery and office equipment importer and wholesaler Dacris, held by the Fati family, wants to develop a network of hubs in major regions of Romania in a bid to optimize its wholesale activity.