Romania Feed

ADA Fabrica de Mobila, one of the ten largest furniture producers in Romania, for 2021 reported turnover worth around RON208.3 million (EUR42.3 million), up 13.5% on the year, in line with ZF calculations based on Finance Ministry data.

Pharmaceutical wholesaler Europharm Holding, a major player on Romania’s market, for 2021 reported turnover worth RON778.4 million (EUR158.2 million), up 12.4% from the previous year, in line with ZF calculations based on Health Ministry data.

One United Properties (ONE.RO), a developer of sustainable residential, office and mixed-use projects in Romania, announced a cash position of EUR110 million on May 31, 2022, the company said in a report to the Bucharest Stock Exchange.

Germany’s Metro Group, which owns a local network of 30 cash & carry stores, is making a surprising move towards production, investing in its own meat processing line. This production facility is located in the logistics warehouse in Stefanesti.

Romania’s Finance Ministry raised RON567 million from banks via a government paper auction, at an annual yield of 9.23% on Monday, June 20.

The group of companies that owns the Romanian cosmetics brand Cupio has leased 3,200 square meters of warehouse space in the CTPark Timisoara Ghiroda project, located near Timisoara International Airport, to support plans to develop its network of physical stores, as well as its online store.

The 19th edition of Business Review’s conference dedicated to Tax, Law & Lobby topics touched upon the legal and fiscal issues of recent years and highlighted the urgently needed digitalization of our country’s entire public system. The pandemic, the economic and social crisis, and the war in Ukraine have forced us to make major changes […]

Romania’s Competition Council has greenlighted the takeover of Porsche Bank Romania by Dan Ostahie, the businessman who owns the Altex Group.

We are in a very difficult post-pandemic and geopolitical context, which forces us to reflect upon our European identity, the future of our continent, and our values. The future of our planet has been an issue of major concern for some time now. The Green Deal is the EU’s answer to the climate and environmental […]

The curtains dropped on Business Review’s Rising Cities. Smart Future 2022 after more than four hours of lively debate between top business leaders, local officials, the heads of the European Investment Bank and European Commission representations in Romania, and members of the civil society. The main conclusion was that without a clear strategy for making […]

Since its entry on the local market, back in 2017, real estate investor and developer Hagag Development Europe has been working to reshape the local urban landscape. Within less than five years, the company has become one of the most prominent real estate players in Romania and the SEE region, by staying true to its […]

The June 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Hagag Development Europe: The Philosophy of Perfection in Business.” Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a PDF copy.   In […]

SPEEDWELL signed a lease agreement with Swiss Coffee, the official importer of JURA for Romania welcoming yet another strong international brand in the MIRO office building, in Baneasa, Bucharest. Swiss Coffee will occupy a total of 170 sqm, a space that will be covering showroom, office and service centre functions, exclusively for the Swiss brand […]

According to the New Media Adoption study, conducted by the Data Intelligence team of media agency Spark Foundry, part of Publicis Groupe Romania, among the main digital activities of Romanians are online payments and shopping, accessing online platforms and social networks, and also accessing news publications. By Romanita Oprea   Compared to the last year, […]

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, inched up, from 6.17% to 6.18% a year, on Monday (June 20).

18 agencies were awarded at the 19th edition of the Effie 2022 Gala. In total, 1 Grand Effie, 9 Gold Effie, 19 Silver Effie and 30 Bronze Effie were awarded. The Grand Effie went to the “Book a Vax” campaign, designed by House of Arrows and developed for the Curtea Veche Publishing House. By Romanita […]

Stoned Jesus was founded in Kyiv in 2009 by frontman Igor Sydorenko and, over time, has released four albums – well received by both the public and critics and the international music industry. Recently, Stoned Jesus signed with the American label Season of Mist and released their new single Porcelain. The band are gearing up to […]

With approximately 0.5 million sq m under construction and 44% of the area under construction being already pre-let, the modern stock of industrial spaces in Romania reached 5.9 million sq m in the first semester of 2022, according to the Romania Industrial Destinations research special report, launched by CBRE Romania, the leader of the real […]

Industrial space demand remains high in 2022, particularly in the western and central areas of Romania, with developers having 500,000 square meters under construction, and 44% of the area is already pre-leased, reveals a CBRE analysis.

Senior Software, a local provider, developer and integrator of software solutions for business management, has earmarked EUR300,000 to develop its operations in Timisoara, with this being the fifth city the company is expanding in.