Romania Feed

Romanian deep-tech startup Humans.ai and its SaaS synthetic video production platform Tovid.ai are partnering with Booming Jobs, the fastest growing career platform in the Netherlands which will use Humans.ai’s artificial intelligence and innovative synthetic media technology within the recruiting process.   “We are excited to announce Tovid.ai’s partnership with Booming Jobs, as we continue to […]

Law firm Filip & Company assists Medicover, one of the largest private healthcare providers in Romania, in the acquisition of Laurus Medical S.R.L., which owns a network specializing in niche medical services covering proctology and venous system disorders.   The transaction was signed on Thursday 28 April and is still subject to obtaining clearance from […]

Amazon Development Center, the development center US giant Amazon owns in Romania, with offices in Bucharest, Iasi and Timisoara, in 2021 posted turnover worth RON555 million (EUR112.9 million), up 20% on the year.

US Apple and South Korea’s Samsung, two companies with high ambitions on the wearable gadget market, in 2021 suffered a surprising defeat by China’s Huawei, which managed to grab around a quarter of the market, by the number of delivered units, market sources told ZF.

Car parts producer Optibelt Power Transmission of Tautii-Magheraus locality, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, projects EUR70.4 million turnover for this year, up 12% from 2021, in line with ZF calculations based on company data.

Fashion retailer H&M, which owns in Romania the brand of the same name and premium brand COS, in 2021 generated turnover of almost RON850 million in Romania, up 25% from the previous year.

Hotel company THR Marea Neagra, which manages 11 seaside hotels and several restaurants, doubled its turnover in 2021 against 2020.

Promed System, which controls two Wellborn hospitals in Bucharest, including in vitro fertilization centers, will open, in June, a maternity with two surgery halls and a third fertilization center in Targoviste next year,

Electrica (EL.RO) the largest actor on the electricity distribution and supply market in Romania, on Thursday night announced Corina Georgescu had been revoked from her position as chief executive officer. The interim CEO is Alexandru Chirita, data protection manager of Hidroelectrica, according to his LinkedIn profile.

The leasing activity of industrial and logistics spaces in Romania increased by 50% in the first quarter of 2022 versus the year-earlier period, exceeding the 300,000 square meter threshold and creating the premises for a new record year in terms of demand for this type of spaces, according to real estate consulting firm Cushman & Wakefield Echinox.

FrieslandCampina Romania, one of Romania’s largest dairy producers, on Thursday inaugurated a new production line for the yellow cheese under the Napolact brand, at its factory in Cluj-Napoca, following an investment of approximately EUR3 million.

Restart Energy, one of the largest independent energy suppliers on the Romanian market, on Thursday said it signed a contract worth over EUR500,000 with sportswear manufacturer Cottontex.

The digital transformation of tax administrations and new regulations that place an increasing emphasis on the transparency of tax reporting are driving companies around the world to implement Next Generation Enterprise Resource Planning (NextGen ERP) solutions, and 24% of them already use such systems, while 86% are in the process of implementing them, in line with Deloitte Tax Transformation Trends – Technology in Focus study.

2Performant (2P.RO), the main player on the Romanian affiliate marketing market, on Thursday said it registered a turnover of RON8.4 million in the first quarter of 2022, up 53% on the year, and a loss of RON1 million versus RON1.7 million as initially projected.

Corina Popescu, the chief executive officer of Romania’s largest electricity distributor and supplier Electrica Group, has been replaced, market sources say, without providing a definite name.

Restart Energy, one of the largest independent electricity suppliers on the local market, announces the signing of a contract worth over 500,000 euros with Cottontex, for the installation of voltaic photo generators with a combined power of 700 kWp.   The project involves the installation of 1556 photovoltaic panels, on an area of ​​5,000 square […]

Rising inflation, which accompanied the economic recovery after pandemic shutdowns, has undermined confidence in the Western economies, with central banks acting timidly out of fear of stifling growth and waiting to see if inflation was transitory. But this week, the US Fed moved more decisively, aiming to slow runaway prices and restore confidence in the […]

SoftServe, a leading global tech company with Ukrainian roots is entering a new talent region. The company has opened a new office in Bucharest, Romania, as part of its strategy to extend global delivery capabilities and plans to hire 350+ associates by the end of 2022.    SoftServe is one of the largest IT companies […]

Romanian state-owned military equipment supplier Romarm and its subsidiary Electromecanica Ploiesti have signed a memorandum with U.S.-based defence contractor Raytheon Missiles & Defense to start manufacturing SkyCeptor interceptor missiles for Patriot air defense systems, said the economy ministry.

2Performant (BVB: 2P), a technology company and leader in the Romanian affiliate marketing market, posts a turnover of 8.4 million lei in the first quarter of 2022, up 53% compared to the same period last year. The registered loss’s net result was lower than the estimated one, 1 million lei against 1.7 million lei.   […]