Romania Feed

The owners of Briza Marii Negre, one of the biggest travel companies on the Romanian seaside, which operates MirageMedSpa hotel of Eforie Nord, as well as four restaurants, have built a second hotel and are now investing EUR2.5 million in a health recovery clinic.

Siemens Energy currently has over 110 positions opened for Bucharest, with this being the company’s most active recruitment center globally.

UK software and IT services provider Endava, which has seven delivery centers locally and more than 3,000 employees, plans to expand to three new cities, Craiova, Sibiu and Suceava, and grow its teams, according to the company’s representatives.

Austrian real estate developer CA Immo has decided to consider several strategic options for the Romanian market, including a sale of its entire Bucharest office portfolio, in line with a report published in November 2021.

Furniture manufacturer Elvila (ELV.RO) ended the first nine months of 2021 with a loss of RON1.54 million, compared with a net profit of RON1.78 million in the same period of 2020, while revenue stood at RON24.3 million, down 20.3%, ZF has calculated based on the quarterly report published on the Bucharest Stock Exchange.

The Black Sea Trade and Development Bank (BSTDB) received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings to 'A/A-1' from 'A-/A-2', with Stable Outlook.

Romania’s Finance Ministry has reopened a bond issue due in June 2026 and raised RON214 million from banks on Thursday, lower by RON286 million more than the targeted amount, at a yearly yield of 5%.

EY’s CEO Imperative Study in Romania pointed out that, in terms of transformation initiatives, the majority of the CEOs from Romania (88%) intend to initiate new and comprehensive transformation in a time horizon of 12 months and the most significant investment (78%) will be directed towards data and technology.

MOL Romania is about to start the construction of six of the 14 service stations to be built on the A1 Lugoj - Deva and A2 Medgidia - Constanta highways, under the concession contracts signed with Romania’s national roads company CNAIR at the beginning of this year. The investment will amount to EUR28 million.

BRAND MINDS is The Global Thinkers Business Summit, a Romanian company of premium conferences, which will reach its 10th edition in 2022. BRAND MINDS plans to launch a digital platform in 2022, which will interconnect the international business community built around the brand, with the goal and vision of scaling the company globally, having at […]

The past decade saw rising waves of change that eroded the status quo and began to reshape business and operating models, and the very purpose of organizations. The need for agility and innovation has spurred companies to start giving up their enterprise islands in favour of ecosystem collaboration. And attention has turned away from delivering […]

Lender UniCredit Bank has opened the first Mortgage Center, in Bucharest’s Charles de Gaulle Square, which is intended exclusively for the mortgage lending activity.

Office building Eminescu Offices complements its mix of tenants after the Empatio recovery clinic chain signed a lease contract for a 200-square meter space within the project.

AFI Europe Romania has bought two plots of land covering a total 10,200 square meters from Impetum Investments, the investment division of Impetum Group, in a deal worth EUR12 million.

AFI Europe Romania adds to the company’s assets two land plots worth 12 million Euro, for its first Residential for rent (BtR) project.   The two land plots have an approximated surface of 10,200 sqm, positioned in Dimitrie Pompeiu Blvd. and Pipera Road, Northern part of Bucharest, considered one of the most dynamic areas in […]

Two young people, students and entrepreneurs, have launched a business that combines a healthy lifestyle with a gourmet approach to daily meals and passion for cooking. Thus, through EasyBitez.ro, they deliver fresh ingredients, ready weighed and numbered, together with the corresponding recipe, so that anyone can enjoy meals like at a restaurant, at home. Entrepreneurs […]

Pirelli’s motorsport division has been awarded three stars by the governing body of world motorsport, the FIA, as part of its Environmental Accreditation Programme. This is the highest score possible within the programme, which has been designed to demonstrate a series of measures that participants have to implement in order to achieve the best environmental […]

Mindspace, the global flex office provider, secured funding of $72 million. The investment round is intended to support the continuation of the company’s growth and its further expansion in Europe, the United States, and Israel. The round was led by Harel Insurance Investments and Financial Services Ltd., More Provident Funds, Shalom Meckenzie, Arkin Holdings and […]

Law firm PeliPartners has been engrossed in projects worth over EUR750 million since the onset of the Covid-19 pandemic.

Vestra, the first cluster specialized in the utilities and automation equipment industry, ended the third quarter of 2021 with a turnover of 14.6 million euros. The company expects a cumulative increase in sales of 15% by the end of the year and a turnover of 24 million euros.   The constant evolution and the positive […]