Romania Feed

Simplify, the business ecosystem for online stores launched in Autumn 2020, doubled its turnover in less than a year since its inception, becoming KLG Europe Romania’s “star”. To better understand how this remarkable growth was made possible, and to find out what the future holds for Simplify by KLG, Business Review sat down with Cosmin Căpățâneanu, Digital […]

The demand for logistics and industrial spaces reached 562,000 sq. m during the first 9 months of this year, a slight decrease of only 3% compared with the same period of 2020, according to the Cushman & Wakefield Echinox real estate consulting company. The leasing activity was driven mostly by new demand, which accounted for […]

Impact Developer & Contractor, the first real-estate developer listed at the Bucharest Stock Exchange (BVB), reveals it’s new brand identity. Under the statement “Developing sustainable communities”, the new branding reflects the company’s vision of developing large residential communities using sustainable technologies and solutions, with a low environmental impact.    Impact Developer & Contractor’s mission is […]

Ever wonder why the business process management (BPM) software market in Romania is so small? And more importantly, will it ever grow? The COVID-19 pandemic may be exactly what the BPM market needs to gain traction to reach its true potential. According to the Global Mobile Business Process Management Market report for 2016–2022, the global BPM market is expected to reach $3.7 billion by 2022, with an annual growth rate of 21.5%. And Romania is definitely a part of this market.

emz, a producer of electrical home appliances and environmental technology headquartered in Nabburg, Bavaria, is poised to set up an around 3,000-sqm production unit in Resita industrial park.

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken before May 2019 rose 2.43% a year on Friday (November 5) from the 2.40% on Thursday.

Romania retail turnover, the main barometer for private consumption, in the first nine months of this year rose by 11.9% as gross series from the same period of last year, amid rising sales of non-food items (17.6%), fuel (11.8%) and food, beverages and tobacco (6%), in line with National Statistics data.

Digital marketing has become a driving force behind many companies’ successes. Social media is a powerful tool that allows businesses to reach a wider audience than they could have ever been able to before. Although digital marketing has become highly popular, it is still a new and strange concept to some businesses. This is why […]

Dedeman, one of the biggest players on the regional DIY market, but with operations only on the domestic market, wants to resume talks about regional expansion after having covered almost all domestic counties.

Romania’s outsourcing industry can reach 208,000 employees in 2022, after an almost 17% increase, namely 30,000 persons, in line with data provided by the Association of Business Service Leaders in Romania (ABSL).

Intesa Sanpaolo Romania, the domestic subsidiary of the Italian bank of the same name, for the first nine months of 2021 reported revenues worth EUR29 million, down 5.2% against the same period of 2020.

Real estate developer PSC Group, controlled by Cristi Pascu, is seeking land plots in northern Bucharest and partners to launch a large project that could include over 10,000 housing units and elements such as kindergartens, schools or commercial units in its final stage, explained Irina Stoenescu, PSC Group vice-president.

Private cleaning services provider Deziclean has reached annual turnover worth EUR6 million with over 600 employees.

Management solutions and BPO service provider Sykes Enterprises Eastern Europe, part of US Sykes group, has 90 jobs available at its Cluj-Napoca office, according to the website of the Cluj County employment agency.

Sweets producer Pan Food Sibiu ended last year with RON20 million (EUR4.2 million) revenue, up 1% year-on-year, ZF has calculated from Finance Ministry data.

Draghici Dental group of firms reported an increase of over 30% in turnover on the year in the first nine months of 2021, due to the development of its core business- dental technique laboratory Laboratorul de Tehnica Dentara Draghici Dental-, and its profit doubled compared to 2020.

Bosch, leading global supplier of technologies and services, has recently signed a collaboration agreement with Orange Business Services. Bosch Engineering Center Cluj will start testing new features designed for automated vehicles, through Celluar-based Vehicle-to-Everything (C-V2X) communication with the help of 5G technology. C-V2X communication technology is a vital pillar of automated and connected driving.   […]

Agent Green, together with the famous TV producer Charlie Ottley, launch together a unique call for the construction of a new bear sanctuary in Romania. International companies are called to join the Bear Right campaign, by paying copyright to… bears.   What would it be like for bears to receive copyright? Bears have inspired so […]

The total value of property investments exceeded EUR540 million in Romania in the first nine months of 2021, lower by 30% than the EUR820 million level in the same period in 2020, with almost half the amount transacted being recorded in the third quarter of 2021, per Colliers Romania consultants.

Verdino Green Foods, a Romanian producer of meat alternative products using pea protein, has sold a minority stake to private equity firm BlackPeak Capital via BlackPeak Southeast Europe Growth Equity Fund.