Romania Feed

Coherent Solutions Romania, the local R&D Center of Coherent Solutions, an American software product engineering and consulting company, with annual revenue close to $100M, expands its recruitment objectives and plans to reach a team of 40+ professionals by the end of the year.   Alina Șandru, General Manager of Coherent Solutions Romania said “When we […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.69% a year on Tuesday (Sept 28), from 1.67% a year on Monday (Sept 27) and 1.65% a year on Friday (Sept 24).

Alpha Bank Romania reaffirms its support to the agricultural sector by signing together with the Agency for Financing Rural Investments (AFIR) a collaboration protocol to accelerate the process of absorption of European funds allocated under the National Rural Development Program for the transition period 2021-2022.   “We support the implementation of projects with a European […]

Romanian business managers expect moderate growth in the economic activity in retail trade and services, as well as in prices in the processing industry, constructions and trade, in parallel with a relative stability in staff numbers, for the period September -November 2021, data from the country’s statistics board INS showed Tuesday.

Solina Romania, the former Supremia Grup, one of Romania’s biggest makers of food ingredients and spices, is set to finalize in October a EUR17 million investment in building a plant from scratch in Alba Iulia.

Sphera Franchise Group, owner of KFC, Pizza Hut and Taco Bell franchises, brought 112 workers from Sri Lanka to Romania in the first half of 2021 to set off the domestic workforce shortage.

Spanish giant Inditex, owner of Zara and other major fashion brands, has 1,805 important suppliers worldwide and its items are manufactures in more than 8,500 plants across the world. None of this production units is present in Romania.

Bucharest’s five-star Suter Palace Heritage Boutique Hotel in 2020 registered turnover of above RON2 million. The hotel was opened in 2018 and posted RON2 million revenues in its first year of activity.

Jewelry chain Teilor plans to invest RON30 million by yearend to develop its store network in Romania, Poland and Hungary, with the amounts earmarked per project averaging RON3.5 million.

Real estate consulting company Colliers Romania on Monday announced the appointment of Victor Cosconel to the position of Head of Industrial & Business Development, effective September.

Real estate consulting firm Collier rates the yields of premium office space projects in capital Bucharest at 6.75%, lower than the levels recorded in the previous years (for instance, 7% in autumn 2020), but, for exceptional projects, they are expected to go even below this threshold.

Over 150 participants from Romania have registered for NASA Space Apps Challenge, the largest space and science hackathon in the world, which will take place on October 2-3., online. The grand award of the global competition is the chance to participate in the launch of a space shuttle in 2022.   Those who want to […]

Burger King Romania, operated by AmRest, one of the largest European restaurant and food service platforms, celebrated two years on the Romanian market. Since the opening of the first restaurant in September 2019 in Bucharest, the company has continued to expand, despite the pandemic, currently managing 9 restaurants in Romania. In July 2021, AmRest opened […]

Despite the turmoil brought on by the COVID-19 pandemic, family-owned enterprises have managed to stay resilient. The world’s largest 500 family businesses generated US$7.28t in revenues, employing 24.1m people across 45 jurisdictions. These and other findings were published today in the 2021 EY and University of St. Gallen Family Business Index which reveals how the […]

Part of One Floreasca City multifunctional project developed by One United Properties, One Tower office building has received the WELL Health and Safety certification, which highlights the impact of buildings on the health and well-being of occupants. This accurate certification for office buildings guarantees that the certified building meets all the conditions to provide a […]

With the beginning of the new school year, JA Romania resumes the activities of the project „THE FUTURE IS AT SCHOOL”, accomplished with Metropolitan Life. Their role is to support the schools and students development from disadvantaged communities.   Between September and December 2021, during the second stage of the project, over 4,000 students in […]

For the World Tourism Day, Uber is supporting the progressive return of business trips and commuting now that international travel restrictions are easing.    As restrictions continue to ease and travel bookings are on the incline, airport requests alone on the app in Romania have increased by almost 19 times in the last 4 months! […]

Romania's finance ministry on Monday raised 400 million lei (EUR80.8 million) selling bonds maturing in October 2027 at an average yield of 3.75%, central bank data showed.

Enel X Romania, part of Enel X, the division of advanced energy services of Enel Group, has signed an agreement with Power Electric for the sale of electric vehicle charging stations.

Romania's nuclear power producer Nuclearelectrica (SNN.RO) informed the shareholders and investors in a stock market report about the setup of the SNN branch, the Uranium Concentrate Processing Factory-Feldioara SRL, on September 24, 2021.