Romania Feed

Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, ended 2021 with consolidated sales of over RON1 billion, up 41% on the year, with sales in Romania contributing 87% to this result (RON873.7 million), the company said in its preliminary financial report.

The Covid-19 pandemic has had a profound impact on the Romanian society and also on the economic sectors, the medical industry being at the very center of the sanitary crisis. Although, at the beginning of the year, Romania is confronted with a very high number of daily cases of Covid-19, according to the estimations of […]

You are probably wondering whether or not it is fit to start your own business or buy an existing one, which is why you stumbled upon this article. Both ideas have their advantages and disadvantages. This article’s primary focus is why it is better to buy an existing business. That way, it is simpler since […]

Romania's nuclear power producer Nuclearelectrica (SNN.RO) ended 2021 with operating revenue of RON3.2 billion, up 28% on the year, and a net profit of RON1.01 billion, up 45% from 2020, in line with the company’s financial report released on Thursday.

A multidisciplinary team, made of lawyers from Reff & Associates | Deloitte Legal and tax consultants from Deloitte Romania, has obtained a final favorable decision from the High Court of Cassation and Justice (HCCJ) by which the tax authority is bound to motivate the application of a transfer pricing method different from the one chosen […]

Financial analysts expect the Romanian leu will depreciate to an average of 5.0761 units to the euro in the next 12 months, while inflation is seen averaging 6.32% during the same period, a monthly poll by CFA Romania showed Thursday.

LIFE IS HARD (LIH), a technology company listed on BVB, AeRO market, increased its turnover by 198.87% in 2021, reaching 21.5 million lei – compared to 7.19 million lei in 2020. Moreover, its net profit increased by 213%, registering a value of 3.4 million lei.    The largest share in LIH’s turnover was held by […]

Hundreds of millions of people every day visit YouTube to catch up with the latest events in the world or learn new things. Influencers, celebrities, and other content producers compete for precious YouTube views.   Best Sites to Purchase Youtube Views in Their Early Stages Best overall in YouTube marketing niche – SocialsUp Best fits […]

The current pandemic context is accelerating the transformation of the recruitment process, so it becomes a real challenge for a company to hire people for middle or top management roles. Thus, in Romania, 40% of candidates who are selected by recruiters to fill key positions in companies end up refusing the first job offer, according […]

The annual EY Long-Term Value and Corporate Governance Survey finds a significant increase – from 66% to 84% – of board members and C-suite who say the COVID-19 pandemic increased expectations from consumers, employees, governments and broader society that companies will drive societal impact, environmental sustainability, and inclusive growth.   However, there’s also an increase […]

Tea producer Kalpo of Buzau, with sales of around RON10 million annually, run by entrepreneurs Mihaela and Eugen Achim, will switch to growth in 2022, after in 2021 pandemic restrictions hurt its sales.

DIY network Brico Depot Romania, owned by Britain’s Kingfisher, wants to develop the outlet-type chain it launched in 2020 with the opening of a unit in Chiajna, near Bucharest.

Morphosis Capital will start raising the second fund in the second half of 2022, with the target envisaging EUR100 million this year, double the value of the first fund.

Egger Romania, part of Austria’s supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, reported EUR404 million for 2021, up around 34% from the previous year.

Dairy maker Agroserv Mariuta (MILK.RO) of Dragoesti, Ialomita county, a company that owns dairy brand Laptaria cu Caimac, has completed the construction of its second production unit, equipped with a line for cheese products and another one for butter, an over EUR3 million investment.

Erol Baeram, general manager of Cottontex, a textile industry company owning six production units in Romania, says the workforce problem is intensifying, with young people shunning this industry.

TELUS International, a company specializing in business process and IT outsourcing services, has now reached a team of 2,200 people in Romania, up from 1,500 last year and continues recruiting at an accelerated pace.

Norofert Group (NRF.RO), a leading Romanian producer of organic agricultural products, ended 2021 with a turnover of RON51.5 million, up 107% from 2020, and a net profit of RON8.2 million, up 63% from 2020, in line with its preliminary financial report.

Aquila Part Prod (AQ.RO), the largest fast moving consumer goods distributor in Romania, on Wednesday announced on the Bucharest Stock Exchange that its shareholders had approved in their general meeting a share capital increase by RON150 million, representing issuance premiums, to RON180 million.

Covid-19 was a huge economic shock, but the Romanian economy has shown resilience and its recovery is ongoing, as per the Investment Survey of the European Investment Bank (EIB).