Romania Feed

Cargus, one of the largest players in the courier industry in Romania, continues to adapt to the changes of the local market by investing consistently in digital and logistic solutions, which provide businesses and individuals delivery services at a high standard of excellence.   In the last two years, Cargus invested 20 million euros in […]

The Fed raised the key policy rate by 0.75%, the biggest hike from 1994, signaling further increases in order to curb inflation. After the hike, the rate is at 1.75% but Jerome Powell, Fed Chair sees it in the range of 3 to 3.5% by the end of the year calling it “a modest restrictive […]

According to w3Tech, 62.1% of online content is in English, even though 16.2% of the world’s population are native English speakers. Because of this, many eCommerce businesses are missing an opportunity to attract more customers if they make it multilingual.   In a survey by Unbabel, about 69% of global consumers reported that brands should […]

There are several reasons why every business owner would want to adopt information technology (IT) solutions into their business systems. Yet the most important of all is to improve communication and streamline operations.     While that’s the case, IT isn’t without risk. This is true, mainly since hackers use the same technology to threaten the […]

Starting a production company can be an exciting and daunting task. There are many things to consider when getting your business off the ground, such as finding the right crew, renting equipment, and securing permits. But one of the most important aspects of any production is having the right tools for the job. In this […]

Startup Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted its first client from abroad and plans to launch its platform internationally in the coming period.

Arad-based Smart Diesel, founded by Romanian entrepreneurs Ovidiu Andries and Daniel Imbre and taken over in late 2020 by Germany’s DKV, for 2021 reported turnover worth RON1.571 billion (EUR319.3 million), 6% higher than in 2020, in line with ZF calculations based on Finance Ministry data.

Alka Trading Co, the biggest company part of Alka group, a producer of croissants, biscuits and wafers, has budgeted RON329.8 million turnover for 2022, up 17% from the previous year.

Cognyte Romania, a global leader in investigative analytics software development, invests in its employees’ wellbeing and work-life balance and enhances its compensation and benefits package to adapt to future trends.   The company introduces the concept of long weekends and offers employees the possibility to enjoy additional paid leave four times a year, over the […]

Local real estate developer Camicna Development started the construction of Acmanic, a boutique luxury residential project worth EUR 25 million, which proposes a small community, totaling only 51 apartments, consisting entirely of duplexes of over 120 square meters each, with spacious terraces and gardens.   The project is in Iancu Nicolae area from northern Bucharest, […]

ADA Fabrica de Mobila, one of the ten largest furniture producers in Romania, for 2021 reported turnover worth around RON208.3 million (EUR42.3 million), up 13.5% on the year, in line with ZF calculations based on Finance Ministry data.

Pharmaceutical wholesaler Europharm Holding, a major player on Romania’s market, for 2021 reported turnover worth RON778.4 million (EUR158.2 million), up 12.4% from the previous year, in line with ZF calculations based on Health Ministry data.

One United Properties (ONE.RO), a developer of sustainable residential, office and mixed-use projects in Romania, announced a cash position of EUR110 million on May 31, 2022, the company said in a report to the Bucharest Stock Exchange.

Germany’s Metro Group, which owns a local network of 30 cash & carry stores, is making a surprising move towards production, investing in its own meat processing line. This production facility is located in the logistics warehouse in Stefanesti.

Romania’s Finance Ministry raised RON567 million from banks via a government paper auction, at an annual yield of 9.23% on Monday, June 20.

The group of companies that owns the Romanian cosmetics brand Cupio has leased 3,200 square meters of warehouse space in the CTPark Timisoara Ghiroda project, located near Timisoara International Airport, to support plans to develop its network of physical stores, as well as its online store.

The 19th edition of Business Review’s conference dedicated to Tax, Law & Lobby topics touched upon the legal and fiscal issues of recent years and highlighted the urgently needed digitalization of our country’s entire public system. The pandemic, the economic and social crisis, and the war in Ukraine have forced us to make major changes […]

Romania’s Competition Council has greenlighted the takeover of Porsche Bank Romania by Dan Ostahie, the businessman who owns the Altex Group.

We are in a very difficult post-pandemic and geopolitical context, which forces us to reflect upon our European identity, the future of our continent, and our values. The future of our planet has been an issue of major concern for some time now. The Green Deal is the EU’s answer to the climate and environmental […]

The curtains dropped on Business Review’s Rising Cities. Smart Future 2022 after more than four hours of lively debate between top business leaders, local officials, the heads of the European Investment Bank and European Commission representations in Romania, and members of the civil society. The main conclusion was that without a clear strategy for making […]