Romania Feed

Companies operating in the fast-moving consumer goods (FMCG) industry have set revenue growth as their main objective in 2022 compared to 2021, as a result of the decisions adopted in 2021 which are now paying off, according to Deloitte 2022 Consumer Products Industry Outlook.

Bogdan Purcherea, Managing Director at Envipco Romania, will be a speaker in the third panel of BR’s upcoming re:FOCUS on eCommerce, Retail & Logistics, dedicated to the Deposit Return System, where he will talk about why implementing the DRS will be Retail & Logistics’ biggest challenge of 2022.   Bogdan Purcherea has been representing Envipco’s interests in […]

Tiberiu Teleanu, Expansion & Asset Management Director at Auchan Retail Romania, will be a speaker in the second panel of BR’s upcoming re:FOCUS on eCommerce, Retail & Logistics, dedicated to Retail & Logistics, where he will talk about his company’s efforts to adapt and transition to a new, digital, reality.   Tiberiu Teleanu is an experienced Asset […]

Large companies in Romania risk losing valuable employees unless they start to increase investments in employee retention and skills development, while resource management, digitalization and efficiency will become increasingly important in the new context generated by the pandemic, in line with a survey by K.M.Trust & Partners.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 3.22% a year on Tuesday (Feb 8) versus 3.19% a year on Monday (Feb 7), central bank data showed Tuesday.

TeraPlast Group targets exports, mergers and acquisitions in 2022 in order to achieve its 28% turnover growth targets. Against the backdrop of a constructions market with rising raw material prices, TeraPlast continues to carry out investments.

The Carfix App was launched in April 2021, after two years of development and an investment of RON 3 million, to help car owners to save time. Sorin Iacob, founder, and CEO of GT Managing Services spoke in an interview about the development journey of the app and the demand of Romanians for digitalization in […]

Achilleas Kanaris, the CEO of Vodafone Romania, sat down with Business Review to share his views on Romania as a society and a growing economy. He also brought up two scenarios for the local economy in light of the National Recovery and Resilience Plan (PNRR) and revealed the company’s main strategic directions on the local […]

The February 2022 issue of Business Review Magazine is now available in digital format, featuring the main story titled “Vodafone Pursuing Full Convergence On Romanian Market”. Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a PDF copy.   In this issue: Growth […]

Romanian DRUID, a local startup specialized in developing chatbots, has concluded a partnership with Omnix International, a leading provider of end-to-end digital solutions in the Middle East, part of the strategy to expand on external markets.

The Romanian State refunded RON5.9 billion in value-added taxes to companies in the fourth quarter of 2021, a record amount for this period of the year and 14% higher than in the fourth quarter of 2019, in line with data from Romania's tax administration agency ANAF.

Romania’s insurance market ended 2021 with underwritten gross premiums of RON14.3 billion (nearly EUR2.86 billion), seeing the biggest annual growth of the last decade, of 24%, versus 2020, said Cristian Rosu, vice-president of the country’s financial supervisory authority (ASF) on the insurance segment.

The majority of consumer products multinational companies (93%) have set revenue growth as their main objective this year compared to the previous year, as a result of the bold decisions adopted in 2021 which are now paying off, according to Deloitte 2022 Consumer Products Industry Outlook. They also estimate some challenges posed by persistent supply chain disruptions, labor shortages and rapidly rising costs. On the other hand, most respondents believe that 2022 will mark a battle for trust - 95% of them consider organizations that have high consumer trust are more resilient.

TEILOR, the chain of luxury jewelry stores present across the CEE region, on Tuesday announced the appointment of Giani Kacic as the Chief Financial Officer (CFO) of the company.

Natural gas producer and supplier Romgaz (SNG.RO) on Tuesday said its hydrocarbon production grew by 11% and its electricity production declined by 31.7% year-over-year in 2021, in line with the company’s preliminary report.

Construction material manufacturer TeraPlast Bistrita (TRP.RO) ended 2021 with consolidated net profit (which does not include the impact of 2021 exits) of RON44.6 million, 40% higher than in 2020. Revenue rose by 55% to RON615 million, TeraPlast’s financial report published by the Bucharest Stock Exchange on Monday evening shows.

VoxiKids, a platform dedicated to parents and speech therapists that aims to accelerate the recovery of children with speech sound disorders, has attracted a new bridge-type investment worth EUR100,000 that will be used to support sales growth and also communications and marketing plans, company officials said in a statement.

Sales of dermo-cosmetics in pharmacies in Romania increased by 27% to a total of RON360 million (EUR73.2 million) last year and the market was dominated by facial care products, which accounted for 38% of the total, body care (19.8%) and hair care (19.4%) products, according to a Cegedim report.

Romania's finance ministry on Monday rejected all bids for treasury bonds maturing in 2036, as it deemed the bid price unacceptable, central bank data showed.

Coca-Cola HBC Romania, the leader of the local soft drinks market, has appointed Mihaela Hoffman to the position of Business Director of the company’s Coffee & Premium Spirits Division.