Romania Feed

Local coffee shop chain Captain Bean expanded in full gear last year, amid the pandemic, when its franchisees opened ten coffee shops. The network therefore ended 2020 with 17 coffee shops, and there is still room for development, Captain Bean owner Ruben Filimon says.

Pillar II private pension funds generated an average yield of 6.2% in 2020, triple compared with the 2.06% inflation rate, despite the effects of the pandemic, stock declines in spring and uncertain economic climate, an official of the the Romanian association for private pensions APAPR said Monday.

Romania had the lowest government support package to fight the effects of the coronavirus pandemic in Central and Eastern Europe, of just 4% of GDP, a report by ratings agency Moody’s showed.

Paint and coatings manufacturer Köber is investing EUR5 million in manufacturing and logistics space in 2021.

Otopeni, Cluj-Napoca, Timisoara, Iasi and Sibiu, Romania’s five largest airports saw an up to 70% decline in passenger traffic last year compared with 2019, the data the airport officials supplied show. Timisoara recorded the worst decline, more than 70.5%, while Iasi only 64.4% decline.

Real estate developers bought some EUR300 million worth of land in 2020 to build homes and residential projects, real estate consultant Colliers Romania says. However, they either did not buy land for office space projects or postponed such plans.

Shell Commercial Road Transport will start direct operations in Romania from 1st of April 2021. An initial team of 57 employees will support Romanian B2B transport customers, with the majority of the team based in Bucharest. The same services offered over the last 15 years by the local agent will now be offered directly by […]

More than 10 years after the launch of NESCAFÉ® Plan, Nestlé company announces the results obtained under the sustainability program. Between 2010 and 2020, Nestlé has invested over €320 million in projects to support coffee production, distributed 235 million coffee plantlets worldwide and helped more than 900,000 farmers grow and produce more quality coffee.   […]

How does disinfection work by ozone? Ozone is the most powerful ecological oxidizer available, which ensures the total inactivation of pathogens that cause diseases such as salmonella, e. coli, listeriosis or botulism. Ozone is 100% environmentally friendly because, after use, it always returns to the state of breathable oxygen O2, without leaving residues. It has been […]

Global Mergers & Acquisitions activity is expected to accelerate in the next six to twelve months due to low interest rates, a desire to acquire innovative, digital or technology-enabled businesses, and an abundance of available capital in the market, according to the PwC Global M&A Industry Trends report. Companies have over USD 7.6 trillion available […]

Since the outbreak of the COVID-19 pandemic, we have all realised how critical it is to have the right communication tools in place to remain connected to each other. However, as we become more aware of and attached to our privacy rights, we also become more attentive to the conditions of use of our communication […]

For the latest Connected Biking solution – the all-in-one on-board computer Nyon – Bosch eBike Systems has been named as “CES® 2021 Innovation Awards Honoree” in the category “Vehicle Intelligence & Transportation”. The Consumer Technology Association (CTA) presents the CES Innovation Awards each year for pioneering innovations in technology and design in consumer products.   […]

Danish pharmaceutical group Novo Nordisk, the leading insulin and diabetes medications globally, has appointed Cristina Popescu as its new corporate affairs director for Romania starting January 2021.

More than a third (36.5%) of employees who responded to a recent survey initiated by Genesis Property, to better understand perceptions regarding the return to the office and expectations regarding the office of the future, believe that the entire team within the company they are working for will return to the office this year. Most […]

Benefito Mobile, a virtual mobile operator (MVNO), targets 150,000 euros on SeedBlink, the largest crowdfunding platform for tech companies in Southeast Europe. The listing of Benefito Mobile, a service launched by two of the most reputable specialists in Romanian telecom, will take place on Tuesday, January 26.   In exchange for this funding, the founders […]

In 2021, we will most likely witness an acceleration of the completion of older investigations and the initiation of new ones. We also anticipate certain changes and developments in relation to the methods of investigation, with a focus on the electronic tools and methods. The Competition Council is on the verge of taking on more […]

In 2020, the Romanian startup ecosystem constantly expanded, startups attracting 50% more local capital than in 2019. How to Web launches today Romanian Venture Report 2020, a complete analysis and collection of statistics about the local startup investments in Romania, between 2017-2020.   Even though last year was full of uncertainties, this was not the […]

Brasov-based real estate developer Qualis Properties has raised RON10.2 million in a private placement of bonds maturing in 2024 and an annual interest of 9%, brokered by BRK Financial Group (BRK).

Oil group Shell, which had sold all its Romanian assets in 2007, is returning to Romania, where it will carry out commercial road transport activities, according to company representatives.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, inched up to 1.60% a year on Friday (Jan 22), after stagnating at 1.59% a year over the last four days.