RBJ

By Edwig Ban Instant Factoring, the Romanian fintech that provides microfinance to small companies, concludes a new round of external financing of 6.3 million euros, raising the total volume of available capital to 12 million Euros, both for Romania and...

By Constantin Radut The Romanian Competition Council authorized the transaction by which Forasol S.R.L., a member of the GSP Group (Petroleum Services Group), Romania, took over the main business belonging to some companies of the Schlumberger Group. Forasol S.R.L., established in...

By Jerom Bolt Franklin Templeton International Services S.À R.L., in its capacity as alternative investment fund manager and sole director (the “Fund Manager”) of Fondul Proprietatea S.A. (the "Fund"), hereby informs the investors that Mr. Mark Gitenstein has resigned from...

By Jerom Bolt Grampet Group, the largest railway group and private logistics operator in Romania and South-Eastern Europe, concludes a year of consolidation at the regional level, in which the focus was on investments in energy efficiency, innovation, and sustainability...

By rbj The Board of the National Bank of Romania, having convened for the meeting of 9 November 2021, decided: >>> to increase the monetary policy rate to 1.75 percent per annum, from 1.50 percent per annum, as of 10...

By Edwig BanArctic, the leader of the Romanian home appliances market and one of the main contributors to the local economy, marks the production of 40,000,000 refrigerators in its Găești, Dâmbovița factory. Following Arçelik's investments, totaling over EUR 154...

By Emea Riga At the University of Craiova, Dolj County, a Romanian-Chinese research center in applied mathematics was inaugurated, a project started a few years ago. The center will also house 9 Chinese researchers, the only Chinese researchers in Romania...

By Edwig Ban The lack of government incentives to promote exports and the negative effects of the Covid-19 pandemic have led Romania to record the largest trade deficit in 30 years. According to the National Institute of Statistics (INS), the trade...

By Jerom BoltLiberty Galati has already employed 532 new employees this year, with at least 100 more roles still to be filledAround 100 of the new joiners have taken up new roles created by Liberty Galati’s ongoing transformation strategyLiberty...

By Emea Riga The annual inflation rate rose to 7.9% in October 2021, from 6.3% in September. An absolute record in the last five years. The largest increases in prices were recorded for non-food goods, which rose by 11.39%, food...