Romania Feed

Schneider Electric, the leader in the digital transformation of energy management and automation is celebrating success and recognition at the world’s most celebrated design awards this year.    The company’s product design and engineering teams continue to apply decades of experience in making homes and buildings safe, sustainable, efficient, and sophisticated – by providing the […]

Romania’s total external debt shrank by EUR66 million to EUR134.5 billion in January-April, of which direct public debt accounted for EUR56.3 billion, EUR2.4 billion lower than on December 31, 2021, Romania’s central bank data released on Tuesday show.

In our latest exclusive interview, Business Review reached out to Adrian Stanciu, Associate Dean for Knowledge and Leadership at Bucharest International School of Management, to talk about what BISM brings new to the business education in Romania, the story behind the project, and how young entrepreneurs can grow and succeed to become established professionals in their […]

TBI Bank, which has operations in Romania, Bulgaria, Germany and Lithuania, posted EUR10.2 million net profit in the first quarter of 2022, 40% higher than in the year-ago period.

THETA Furniture & More, one of the most significant Romanian integrators of interior design solutions, officially opened the doors of the new custom-made furniture production factory, in Păulești, Prahova County.   The moment was marked by an event with guests from the real estate industry and the interior design segment. The investment in the production […]

As of June 1, 2022, the Board of Directors of NEPI Rockcastle has decided to permanently appoint Rüdiger Dany as Chief Executive Officer (CEO) and Eliza Predoiu as Chief Financial Officer (CFO).   The two held the position of CEO, respectively CFO, from February 2022. Marek Noetzel has stepped up as Chief Operating Officer (COO), following his position […]

Bittnet (BNET), a group of IT companies listed on the Main Market of the Bucharest Stock Exchange, announces the signing of a transaction regarding the entry into the shareholding of Dendrio Solutions of Agista, an alternative investment fund under the authorization, part of Impetum Group.   The transaction involves the sale by Bittnet Group of […]

Wolf Theiss has published the newest edition of its comprehensive guide to “Generating Electricity from Renewable Sources in Central, Eastern & Southeastern Europe” for 2022. It reflects the key modifications in the RES-Electricity legislation in 12 countries of this region.   Since 2020, the ambitious targets adopted by the EU Member States for 2030 have […]

Supported by investments, Romania’s industry and agriculture, through existing capacities and competencies, can supplement EU imports from third countries, reducing costs, supply times and dependence on geopolitically and operationally risky areas. By Leonardo Badea, Deputy Governor of the Romanian National Bank   The way forward for the economic development of Central and Eastern European countries […]

Challenging times like these we live in, require an even sharper company vision, a stronger team effort and customer focus from every business. Over the past years TBI Bank has proven to have all these ingredients and the results follow.   TBI Bank’s consolidated unaudited financial results for the first quarter of 2022 show all-time […]

Bittnet Systems (BNET.RO), an IT&C solutions integrator and provider of training services in the IT sector, sold 11.9% in the capital of Dendrio Solutions to investment fund Agista Investments, for RON7.49 million.

THE IVY residential ensemble in Bucharest, Baneasa, has been granted the Green Homes certification by the Romania Green Building Council.   Currently, THE IVY’s first building is getting closer to its delivery date, in August, when the 152 apartments are going to be handed over to their owners, while sales for 3rd one will soon […]

Nestlé launches on the Romanian market NESVITA® brand, a snack of oats with fiber, vitamins and minerals. According to a study conducted by Nestlé in December 2021, for 72% of romanians in urban areas, the ingredients are the most important in the decision to purchase a food product.   That is why the new recipe […]

Sighetu Marmatiei-based Plimob, whose shareholding structure includes Vasile Godka, a major local supplier of chairs for Sweden’s IKEA, reported turnover worth RON190.5 million (EUR38.7 million) for 2021, up 7.5% year-on-year, in line with ZF calculations based on Finance Ministry data.

Maspex Romania, a major player on the soft drinks, as well as on the pasta markets, ended 2021 with RON805.7 million turnover, up almost 18% on the year, in line with ZF calculations based on company data.

German giant Bayer, one of the world’s biggest players in the chemical and pharma industry, which has seed production and fertilizer and plant protection product sales operations in Romania, projects two-digit revenue growth in 2022, after a very good first-half.

Electrical and optical fiber producer Prysmian of Slatina, part of Italy’s Prysmian group, ended the first quarter of this year with 18% higher turnover against the year-earlier period.

Construction company Procema in 2021 hit RON494 million turnover, up 28% from 2020. Profit climbed to RON35.4 million, a 62% increase, while the company’s average number of employees remained flat at around 160.

Oleg and George Tapu, the entrepreneurs owning the two DIY Artsani stores of Prahova county, have an over RON6 million investment budget for 2022. One of the plans envisages e-commerce expansion.

CTP Group, the largest owner, developer and manager of industrial and logistics space in Continental Europe, has invested around EUR160 million in the expansion of CTPark Bucharest North, which will exceed 200,000 square meters by the end of the year, as a result of strong rental demand.