Orange Romania had a consolidated business figure of 430 million euros in quarter 4, 2021, with an organic growth of 3% against quarter 4, 2020. In Romania, quarter 4 marked the completion of the transaction through which Orange Romania purchase the majority package of 54% shares owned by fixed telephone operator Telekom Romania Communications. The consolidated business figure for 2021 is 1.235 billion euros, with an organic increase of 4% against 2020, the contribution of Telekom Romania Communications being only in quarter 4. On December 31, 2021, Orange Romania offered mobile services to 10.6 million customers, broad band fixed services to 1.4 million customers, cable TV and satellite services to 1.5 million clients. Throughout 2021, Orange extended the 4G network to 254 localities, while 4G+ extended to 1637 localities. In quarter 4, 2021, thousands of people in the rural area got access to 4G, the coverage being 98.31% of people , while 366 new localities in the rural and urban areas enjoyed advantages of 4G+ network. 5G network is available in 17 cities. Independent measures made by ANCOM in the first half of 2021 through Netograf.ro showed that Orange has the best speeds for fixed and mobile Internet in Romania. In 2021, total incomes from B2B services recorded a significant increase compared to 2020. The most dynamic IT&C area in 2021 was Cloud, where the increase was 25% against 2020. At the end of 2021, Orange Money had 300,000 clients, on the rise by 15% against the end of 2020. Last year, Orange Money launched its first credit card, which had one of the most competitive offers in the market, confirmed by the trebling of sales in Q 4, 2021 against Q3, 2021.
Eight of the largest business organizations active in Romania have voiced their concern over the accelerating deterioration of the business climate and the erosion of Romania’s credibility. The call is signed by AmCham Romania – American Chamber of Commerce in Romania, AOAR – Association of Romanian Businessmen, AHK – Romanian-German Chamber of Commerce and Industry, […]
Low-cost carrier Wizz Air announced six new routes from Timișoara and Brașov, two major cities in western and central Romania, respectively, as well as a third aircraft allocated to its Timișoara base. The additional aircraft will support the launch of five new international routes from Timișoara to Larnaca, Nuremberg, Basel, Frankfurt Hahn, and Naples, with […]
The Ploiești Court of Appeal reinstated the status of protected natural reserve for the Crâng Forest, a remnant of the famous Vlăsiei Woods, in a ruling made public on Tuesday, May 13. In 2024, the Buzău County Council approved the revision of a 1995 decision concerning the protection of natural areas and monuments, removing Crâng […]
Cristina Uruc, interim manager of Romania’s Artexim - the organizer of the George Enescu International Festival and Competition, has been unanimously elected president of the European Association of Artist Managers (AEAA). The decision was made during the organization’s General Assembly held recently in Istanbul, hosted in partnership with Borusan Sanat, one of Turkey’s leading cultural […]
Marriott International announced plans to expand its presence in Romania with five new hotels and more than 550 additional rooms expected by the end of 2028. The expansion will also mark the debut of two Marriott brands in the country, Residence Inn by Marriott and Four Points by Sheraton, as the company strengthens its portfolio […]
Bucharest City Hall (PMB) listed a new bond issue (PMB31) on the Bucharest Stock Exchange (BVB) on Wednesday, May 14, with a total value of RON 555 million (EUR 108.7 million). It is the eighth issue of the Municipality of Bucharest listed on the stock exchange in the last 10 years, and was subscribed by 26 […]
