Romania Feed

Oradea-based producer of PVC and aluminum windows and doors Optimedia, owned by Romanian entrepreneurs Marius and Simona Pantis, for the first 11 months of 2021 reported turnover of around EUR41 million, 44% higher than in the same period of last year.

Ergonomic chair maker Antares Romania, a subsidiary of Czech group Antares, expects to hit turnover worth RON37.7 million (EUR7.6 million) in 2021, in line with ZF calculations based on company data.

Romania’s economy significantly slowed down its growth rate in the third quarter of 2021 and a slight recession is possible in the fourth quarter of 2021, in the context in which the economy exceeded the pre-pandemic level, the pandemic situation keeps deteriorating and the rising inflation has started to bite on people's household income, according to OTP Bank analysts.

Automotive component manufacturer Compa Sibiu (CMP.RO) said in a stock market report Thursday that private pension fund Vital, managed by Aegon Pensii, owns 12.3 million Compa shares, respectively 5.62% of the company’s voting rights, following several deals carried out on November 24, 2021.

Polish fashion retailer Sinsay, part of LPP Group, will be opening two stores in the Family Market shopping centers developed by Iulius Group in Iasi County.

Claudia Pendred has received the approval of Romania’s central bank for the position of independent member in the Supervisory Board of Raiffeisen Bank.

Polish fashion retailer Sinsay will open its first locations in Iași, the two stores spanning on approximately 1,000 sqm each in the Family Market projects developed in Iași by IULIUS Company. Both projects are under development and will open in Q2/2022, the retail concept will integrate essential services for growing communities.   IULIUS Company signed […]

SuperTeach expands its management team with Oana Zapca, the new Executive Director of the Association. Oana Zapca took up this position on 15 November this year, after a career of over fifteen years in multinational companies, culminating in her role as Vice President of Ipsos Interactive Services, an organization with over 900 employees in Romania. […]

Law firm Filip & Company has assisted DIGI Group in the process of selling DIGI Távközlési Szolgáltató Ltd. and the subsidiaries Invitel, I TV and DIGI Infrastructure towards 4iG, which operates on the Hungarian IT and telecom market.

Leo Burnett Bucharest was the agency with the most awards in the 25th Effie Awards Europe 2021 competition, winning 2 Silver and 2 Bronze awards for clients Procter & Gamble, Telekom Romania and Fashion Days. The gala took place online on 1 December 2021.   This is the third year in a row that Leo […]

New car registrations in Romania dropped by 13% on the year to a total 11,480 units year-over-year in November 2021 and by 0.9% to a total 110.377 units since the beginning of 2021, data from the association of automotive manufacturers in Romania (ACAROM) showed Thursday.

REGINA MARIA, the Healthcare Network launches the results of an extensive research on the psychosomatic effects of longing and homesickness on the communities affected by migration. The results illustrate the most frequent symptoms of longing – the only condition transmitted at a distance: decreased sleep quality, increased heart rate, muscle tension or intense anxiety.   […]

Romania's foreign exchange reserves fell by EUR560 million in November 2021 versus October 2021, to EUR39.2 billion, central bank data showed Thursday.

Filip & Company Law Firm assisted DIGI in the sale of DIGI Távközlési Szolgáltató Ltd. and of its subsidiaries Invitel, I TV and DIGI Infrastructure towards 4iG, active on the IT and telecommunications market in Hungary. The transaction was concluded on Monday, 29 November, the value of the investment reaching EUR 625 million.   “DIGI […]

IMMOFINANZ again demonstrated its strong earning power in the first three quarters of 2021. The results of operations rose by nearly 60% year-on-year to EUR 180.4 million and even substantially exceeded the comparable 2019 pre-crisis level (+29% versus Q1–3 2019). Net profit turned clearly positive at EUR 295.7 million and also surpassed the pre-crisis level in 2019 (Q1–3 2019: […]

Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, led by Lucian Azoitei, announces the completion of the international selection for design, engineering and technical assistance services for the construction of the Lagoon City mixed-use complex in Bucharest.

Scandinavian furniture and home accessories retailer JYSK on Thursday said its turnover grew by 30% to RON793.6 million and its profit before tax soared by 82% to RON148.8 million, in Romania, in 2021 financial year ended on August 31.

Vodafone Business today launches Christmas special offers for entrepreneurs, with extra-gifts and benefits helping them grow their business.   “The new offers continue Vodafone Business promise to support entrepreneurs and small and medium businesses to grow and successfully operate in a digital world. Our commitment is to be a trustful partner for this customer segment […]

The group of firms Maviprod-IRUM, held by the Oltean Family in Reghin, expects to end 2021 with a nearly 15% increase in turnover versus 2020, after seeing a nearly 30% rise year-over-year in the third quarter of 2021.

Fast food restaurant chain Subway, present on the Romanian market since the spring of 2012, has closed five stores in Romania over the last six months, reaching a 34-unit chain, per data on its website and calculations by Ziarul Financiar based on previous information.