Romania Feed

Mihai Precup, with experience as a banker, was appointed Secretary of State at the Ministry of Finance by Nicolae Ciucă, the Romanian Prime Minister. A former lecturer at the Sorbonne, he worked for 6 years at the EIB and specializes in capital markets and monetary policy.   Precup was a lecturer at the Sorbonne University, worked for […]

Business education is especially in demand now. In this article, we’ll talk about why you should enroll in business school and the specifics of enrollment.   What moves a person when he decides to go to one of the MBA programs? Such an important step requires good reasons. They are not always obvious, conscious. Very […]

Shocking research recently suggested that an estimated 10 million employees have access to discounted shopping schemes through work benefits, but they rarely make use of them.   Around 38%, nearly two in five employers, revealed to consultants LCP that they offer retail discount perk schemes to their staff. With the cost of living rising at […]

Real estate developer Element Industrial has announced the inauguration of the first phase of the ELI Park 3 logistics project in Buftea-Chitila area.

Tudor Georgescu has been the CEO of Promateris for the past six and a half years, a period in which he guided the sustainable packaging manufacturer through many changes, for both the market and his company. In 2021, the group posted a record revenue growth and an EBITDA increase of 129%, estimating a net profit of EUR 4.3 […]

Tarfin, the regional leader in agricultural financial technology (agri-fintech) launches in Romania.   The company of Turkish origin focuses on supporting the Romanian farmers and suppliers of agricultural inputs by combining traditional distribution channels with technology and financial resources. Tarfin aims to lower farmers’ costs of agricultural production by providing quick, cheap, and transparent financing […]

Tradesilvania, the premium platform for investing in digital goods, has concluded a new strategic partnership with TechVentures Bank whereby Romanians will be able to safely access digital assets.

AROBS Transilvania Software, the largest IT company listed on the Bucharest Stock Exchange, announces the signing of a contract for the acquisition of Enea’s Software Development Services business (Enea Services Romania SRL), a subsidiary wholly owned by Enea Software AB whose parent company Enea AB is listed on Nasdaq Stockholm in Sweden. Through this transaction, […]

Romania's gross domestic product (GDP) grew by 2.4% in real terms (in unadjusted data) and by 3.9% in seasonally adjusted data in the fourth quarter of 2021 as compared to the same quarter of 2021, the country’s statistics board INS said Friday.

US restaurant chain Popeyes, due to officially enter the Romanian market in April 2022 in a franchise system, wants to open six units this year, all in Bucharest. The first unit will be opened on April 9, in Baneasa Shopping City of northern Bucharest.

Apparel producer Hermosa of Braila now has four own stores, another one operated by a partner in a franchise system and wants to almost double its network this year.

Italy’s farm machinery producer Maschio-Gaspardo, which owns a plant in Chisineu-Cris of Arad, currently has 65 jobs available.

Austrotherm Romania, the local subsidiary of the Austrian group of the same name, a producer of polystyrene for constructions, has recently launched participation invitation for company that can provide machinery and technological equipment for a new plant the company will open in Romania.

Jozsef Varadi, CEO of Wizz Air, the biggest airline in Romania by passenger numbers, projects a 9.4 million passenger traffic in Romania in the next 12 months, namely April 2022-March 2023, almost double the level of April 2021-March 2022.

Euroins Romania is the new leader of the local insurance market, with over RON2.19 billion gross underwritten premiums at end-2021, up 67.4% from 2020, equaling a 15.4% market share, in line with information published in ASF (Financial Supervision Authority) report on the 2021 insurance market evolution.

Romania’s Finance Ministry raised RON650 million from banks via two government paper auctions at an annual yield of 6.49% and 6.37% on Thursday, April 7.

ClusterPower, a company founded by Romanian entrepreneurs Cosmin Georgescu, Vladimir Ester and Carmen Ursa Georgescu in 2019, inaugurated on the largest data center in Romania, in Mischii, Dolj County April 1, 2022.

Dental clinic network Dr. Leahu, which has a bond issue listed as DRL22 on the Bucharest Stock Exchange, has announced the opening of its 18th clinic on April 9.

At the end of the first quarter of 2022, the Bucharest modern office stock reached 3.27 mln. sq m after the delivery of three new buildings with a combined gross leasable area (GLA) of 73,500 sq m.    From the total new supply, the Center-West sub-market claimed the largest share, respectively 43% with Sema Park […]

The easing of the Covid-19 restrictions, two years after the start of the pandemic, strengthens the prospects of employees returning to the office, but also increasingly highlights the effects of the lack of physical interaction between employees and teams during this time.   Thus, 82.6% of employees say that working from home has affected their […]