Romania Feed

The Romanian mergers and acquisitions (M&A) market recorded 48 transactions1 in the first three months of 2022, a 17% increase compared with the first quarter of 2021.   Despite the higher volume of deal making, the estimated value of local M&A activity was lower on a year-on-year basis, at USD 1.8bn2 in Q1 2022 vs […]

Financial analysts expect Romania’s central bank to increase its benchmark interest rate to at least 4.25%, the national currency to depreciate to an average of 5.082 units to the euro and the inflation is seen averaging 8.03% in the next 12 months, a monthly poll by CFA Romania showed Tuesday.

Cornerstone Communications, a local consulting firm specializing in investor relations and capital markets advisory, together with MIA Marketing, a Romanian market research company, published a new series of results from the study regarding the capital market and the analysis of the behavior of Romanian retail investors.

More than 60% of Eastern European Chief Financial Officers (CFOs) say their businesses have returned to pre-pandemic levels – the end of 2019, according to the CFO Panel 2022 survey conducted earlier 2022 by management consulting company Horváth.

Nine in ten companies in Romania will invest in staff reskilling and training for their financial departments, as they implement and use new technologies for daily activities, in line with the latest edition of the Deloitte CFO Survey Romania, conducted among over 100 Chief Financial Officers (CFOs) in Romania.

Perfumery chain Douglas, which entered Romania in 2007, continues its expansion in the country and opens three new stores outside Bucharest, in Corbeanca, Targoviste and Alba Iulia. To this end, a partnership has been agreed with real estate developer Prime Kapital, the company said in a press release.

Germany’s Bosch is consolidating its development activities in Romania and the strategic position within its global engineering network, by expanding the Bosch Engineering Center in capital Bucharest, within the company’s head office.

Electricity distributor and supplier Electrica (EL.RO) on Monday said the Board of Directors approved on April 15 the consolidated value of the Investment Plan (CAPEX) of Electrica Group for 2022, in the total amount of RON750.5 million, as per a stock market report.

The number of employees in the Romanian furniture industry continued to decrease in 2021, although at a more moderate pace compared to previous years, reaching 54,700 employees in 2021, in line with data from Romania’s association of furniture manufacturers APMR.

Enel X Romania, part of Enel X, the advanced energy services division of Italy’s Enel Group, said in a statement that it put into operation two photovoltaic power plants, with a total installed capacity of over 900 kWp, for two stores of cash & carry chain Selgros, located in the counties of Mures and Timis.

Tazz introduces a new payment method in the application, in partnership with Sodexo Romania, the leader of the local market for extra salary benefits to improve the quality of life for employees.   Therefore, Tazz becomes the only food delivery application where users can pay directly with the Gusto Pass meal card to more than […]

BLIK, a modern mobile payment system that was launched with the support of all major banks in Poland in 2015, is currently the most popular way to pay in this country.   21 million users of mobile banking applications in Poland already have access to BLIK, and over 10 million people use it regularly for […]

Carbochim Cluj-Napoca (CBC.RO), the largest manufacturer of professional abrasives in Romania, indirectly controlled by Iulius Group owner Iulian Dascalu, announces investments of more than EUR5 million in relocating and upgrading its plant, with a focus on expanding industrial activity.

It can be tough to find good coupons and promo codes. Many people spend hours online trying to track them down. However, there are a few tricks that you can use to make the process a bit easier. This blog post will discuss some of the best ways to find coupons and promo codes for […]

Under the coordination of the branding specialists at INOVEO, TEILOR laid the foundations of a new brand book for their integrated global communication. The TEILOR logo has been subtly enhanced, and the new visual identity direction includes color choices, imagery, and fonts that convey the brand’s promise and mission more accurately.   The decision of […]

Entrepreneur Horatiu Tepes, the owner of Brasov-based roofing systems maker Bilka, said the company’s RON245 million profit reported in 2021 will go into new investments.

Companies based in capital Bucharest exported goods worth EUR12.5 billion in January-November 2021 period, accounting for 18.3% of Romania’s exports in the first eleven months of 2021, higher by 25.6% than in the same period of 2020, a median superior to the increase in the Romanian expert during the respective period (19.4%), as per an analysis by the Bucharest Chamber of Commerce and Industry.

Specialized in car financing and part of the international fintech Eleving Group, Mogo Romania announces the appointment of a new General Manager.   With 15 years of experience in consumer and business financial services, Ionuț Badiu has joined the team of the financier starting March of this year and has as a principal objective the […]

Over 27,000 homes are under construction at this moment in Bucharest and its surrounding according to a report released by real estate consultant SVN Romania. This is the largest number of dwellings under construction in the region in the modern history of the local residential market.   Of the homes under construction, approximately 21,000 dwellings […]

The personal car remains the most used daily travel mode for 40% of Romanians, and 63% believe it will remain the preferred mobility choice in the coming years, according to “Deloitte 2022 Global Automotive Consumer Study” conducted across 25 countries around the world, including Romania.