Global fintech company Revolut recently released its Annual Report for 2023, showing record profit and revenue growth, but also increased customer base, particularly in Romania, where retail customers saw a 38% increase.
Revolut’s net profit margin for 2023 was 19%. The company's major strengths are its diversified revenue model, expansion into new markets, and increased customer usage. No single market or business line contributed more than 30% of total revenues in 2023.
Importantly,...
Localities in six counties were affected by floods and storms on Sunday, July 27, but the hardest-hit were those in north-east Romania, specifically in the Suceava and Neamț counties, where precipitation caused rivers to swell out of control. On Sunday, the National Institute of Hydrology and Water Management (INHGA) issued a red alert for rivers […]
Hoghilag - Land of Tuberoses, an event highlighting the tuberose gardens in the commune of Hoghilag, in Sibiu county, will take place on the weekend of August 9 – August 10. Besides exploring the tuberose gardens during guided tours, visitors can also attend a fair of traditional local products and a truffle hunt in the […]
Deputy prime minister Dragoș Anastasiu announced his resignation from office on Sunday, July 27, after it was revealed that he was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. The former official said he […]
Romanian president Nicușor Dan denied claims by Russia that Ukrainian fighter jets were granted permission to fly over Romanian territory, calling the accusations "completely false", Agerpres reported on July 25. The president stated he had full access to all relevant information and confirmed that no...
The Polish group Green Factory, which produces salads for retail and HoReCa, entered the Romanian market through the acquisition of the Eisberg factory in Bucharest, Ziarul Financiar reported on July 28. Eisberg is the largest producer of convenience salads (fresh, pre-washed, and packaged) locally, operating...
Korean investment fund DS Private Equity is expected to join Romania’s small modular reactor (SMR) project at Doicești as an equal partner, taking a 33% stake in the project company RoPower Nuclear, Economica reported on July 28. The remaining shares would...
