Romania Feed

Entrepreneur Omer Susli, who owns furniture and home décor retail chain Homelux, beside many other businesses in various fields, is seeking land plots on which to build own logistic spaces.

Romania’s ClusterPower has set up a digital highway to Frankfurt and Amsterdam, connecting Romania to the world’s major data centers, through the almost EUR40 million project it’s carrying out in Mischii locality of Dolj county, explained Cosmin Georgescu, CEO and co-founder of ClusterPower.

Dr. Max brand, introduced by the private equity firm Penta Investments on the market in 2020, after the acquisition of Sensiblu pharmacies, generated RON2.3 billion revenue in 2021, after an increase of 21% over the previous year.

Adrian Paval and Dragoş Paval, shareholders of the DIY retailer Dedeman, the most powerful Romanian entrepreneurial business, own a stake of almost 1% in BRD Soc Gen - the third largest bank in Romania, through Paval Holding, which makes them the tenth largest shareholders of the lender.

The world has seen increased volatility in recent years, with back-to-back once-in-generation recessions and a once-in-a-lifetime pandemic preceding diplomatic tensions and a deepening climate crisis. All of this volatility is wreaking havoc with the markets, and with UK inflation rates heralding a rise in the cost of living, many will soon see their money fall […]

Over the next three years, Chief Financial Officers (CFOs) in Romania think about becoming more of a business partner to their organization, with 78% believing they will be significantly involved in strategy development and executions, followed by 69% involved in business model innovation and new revenue opportunities, as per the EY Romania CFO Imperative study.

Portugal’s EDP Renewables (EDPR), the third largest renewable energy investor on the Romanian market, said it plans to invest in additional green energy projects in Romania with a capacity of 1,000 MW, the Romanian government said in a press statement on Wednesday (March 16, 2022).

Emergn, a global digital business services company that helps companies deliver faster products and valuable customer experiences, announced its entry into the Romanian market.

Italy’s Beltrame Group, a producer of steel bars and special steels, which also owns Donalam Calarasi steel mill, said it would invest over EUR250 million for the modernization of the special steel producer COS Targoviste (COS.RO), the Romanian government announced on Wednesday (March 16).

Grocery retailer Profi, held by buyout investor Mid Europa Partners, has rented four floors in the Baneasa Airport Tower building of Immofinanz for its new Bucharest office.

Romania's finance ministry will be launching four new bond issues for the general population, under the Fidelis program, which can be subscribed between March 17, 2022 and April 1, 2022.

Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government decided in its Wednesday's meeting.

Romania's current account balance posted a deficit of EUR815 million in January 2022, compared to a surplus of EUR9 million in January 2021, central bank data showed Wednesday.

Since the beginning of the ongoing Russian-Ukrainian conflict, the world’s attention has been focused on the situation in Ukraine and the economic sanctions imposed on Russia. Opinions are divided and attitudes seem to vary depending on a variety of factors. How Romanians see this conflict and its repercussions, we find out from Leo Burnett analysis […]

Voxa, the first Romanian streaming platform for audiobooks and e-books, recorded significant growth in the corporate sector, exceeding 10% of the business within 4 months of launch of the tech start-up. The company is aiming for corporate sector to represent 30% of the business by the end of the year. Voxa estimates a turnover of […]

Revolut, the global financial superapp with over 18 million customers worldwide, is offering payment services to all refugees, regardless of nationality, fleeing Ukraine following the Russian invasion. To ensure individuals displaced by the invasion have quick and easy access to their money, Revolut has eased many of the requirements needed to set up an account […]

Confident Communications is the new public relations agency for Thoughtworks in Romania. Founded in Chicago more than 28 years ago, Thoughtworks is a global technology consulting company with over 10,000 employees that is revolutionizing software design and delivery.   Thoughtworks is constantly building new technologies for its partners around the world to provide them with […]

Dental clinic chain Dr. Leahu has concluded a partnership with the Monza Oncology Hospital within Bucharest-based Enayati Medical City for the integrated approach of patients with oral cancer, from diagnosis to curing and to post-surgery treatments.

Barings, one of the world’s leading investment managers, today announced that it entered into an agreement with MassMutual Romania Global Business Services (MassMutual Romania) to attract talent in Romania. Both companies are subsidiaries of Massachusetts Mutual Life Insurance Company (MassMutual).   This new recruitment partnership follows the opening of MassMutual Romania in 2020 and its […]

Fewer than half of the companies in the European Union are familiar with the Green Deal, and only 49% consider themselves prepared for the measures it involves, according to the European Green Deal Survey, conducted by PwC.