Romania Feed

Developing a business can be hugely rewarding, but it comes with its fair share of challenges. There is plenty to consider as you look to achieve success, from issues like money management to other elements like sustainability.   However, another issue that might have crossed your mind is the expansion and the prospect of even […]

Tiberiu Mavrodin, a member of the Board of Directors of state-run lender CEC Bank, was proposed to take over as Chairman of the Board and replace Mirela Calugareanu, in line with banking sources.

Romanian natural gas producer and supplier Romgaz (SNG.RO) has put into operation the Cosereni drying station, with three wells being put into production, stated energy minister Virgil Popescu.

Romania’s finance ministry on Friday confirmed that it would launch and list on the Bucharest Stock Exchange a new issue of FIDELIS government bonds for retail investors, between June 6 and 21.

On World Bicyle Day, myhive is launching a new initiative to support green mobility by joining I’Velo, the only bike-sharing program in Bucharest. Thus, the entire portfolio of myhive buildings – myhive S-Park, myhive Metroffice, as well as myhive IRIDE | nineteen and myhive IRIDE | twenty – has been equipped with automatic bike stations to make home-office commute easier, healthier, […]

Jorg Riommi, Chief Creative Officer, Publicis Groupe Central and Eastern Europe was inducted as the newest member of the Golden Drum Hall of Fame, a selected group of visionaries and dreamers who have fought courageously and passionately for the progress of the creative industry. By Romanita Oprea   Established in 2010, Hall of Fame celebrates […]

Double event in the modernization program of public transport in Iasi: Monday, June 6th, 2022, from 12:15, at the intermodal center on Virgil Sahleanu Boulevard (Industrial Zone) will take place both the inauguration and the commissioning of the first Bozankaya trams purchased with European funds by the Municipality of Iasi.   The event will be […]

Daikin Romania, part of the Daikin Europe N.V. group, world leader in the air conditioners market, with over 90 years of experience in designing and manufacturing innovative heating and cooling technologies opens its first concept store for the general public in Baneasa Shopping City from 1 June to 31 August 2022.   This will provide […]

After one year of having strengthen its commitment to the energy transition assuming an investment of 24 billion euros by 2025, EDP group announces a new brand identity aligned with the positioning of the company in the energy sector and its role in society.   The new identity reflects the transformation that EDP has undergone […]

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, has exceeded the 6% threshold on Friday (June 3), ending the May 30 – June 3 week at 6.01% a year, as per central bank data.

Automotive safety systems maker Autoliv Romania, the local subsidiary of Sweden’s group Autoliv, for 2021 reported turnover worth RON3.889 billion (EUR790.5 million), up 14% year-on-year, in line with ZF calculations based on Finance Ministry data.

ara shoes Romania, which operates the German group’s production locally, in 2021 generated turnover of RON6.4 million (EUR1.3 million), down 96% from 2020, when the business had already plunged.

Germany’s DIY retailer Hornbach plans to open a new unit in Constanta this autumn.

Oradea-based producer of PVC and aluminum windows and doors, owned by Romanian entrepreneurs Marius and Simona Pantis, saw its turnover go up by 60% in the first four months of 2022 from the same period of last year.

Carmo Lact Prod, a dairy and cheese producer of Monor, Bistrita-Nasaud, controlled by entrepreneurs Eugen Creosteanu, Ioan Neagos and Alin Neagos, reached RON158.4 million turnover in 2021, after a 19% increase from the previous year, in line with ZF calculations based on Finance Ministry data.

CrisTim group, one of Romania’s biggest meat producers by turnover, controlled by Radu and Cristina Timis, is set to invest RON50 million this year to retool the cold cuts plant of Filipestii de Padure, Prahova county, in the accommodation capacity of Casa Timis mansion of Chitorani locality and in energy production for self consumption.

The Foreign Investors Council (FIC) believes the current budgetary challenges must be tackled through sustainable measures for the Romanian economy targeting to address current problems without jeopardizing the country’s economic future by overburdening companies or generating a perception of regulatory instability.

French hotel group Accor has recently signed a franchise agreement with local company Leader D.G.S. Construct for the opening of an ibis Styles hotel in the town of Fagaras.

PwC Romania on Thursday announced that Adriana Costea and Radu Badiceanu were promoted as Partners in the Tax and Legal Advisory Practice and the Technology Consulting Practice, respectively, effective July 1, 2022.

Energy supplier Getica 95, held by businessman Viorel Tudose, ended 2021 with a turnover of RON1.9 billion, up 25% from RON1.5 billion in 2020.