Romania Feed

The effects of the pandemic, the “Great Resignation” global phenomenon at various levels of management and currently the regional challenges in the context of the Ukraine conflict – these are just some of the challenges of large companies active in Romania in the recent years.   These and other factors related to the internal pressures […]

Smartree, the strategic partner that offers integrated human resources services and software solutions, announces last year’s financial results, as well as the main development directions for 2022.   Therefore, in 2021, the turnover exceeded 123 million lei, increasing by 17% compared to the previous year. This increase was partly due to the new technology innovation […]

Fintech and blockchain are taking the financial industry by storm. This summer, between the 13th and 14th of July 2022, Oradea, the heart of Central and Eastern Europe, will become ground zero for innovation in financial services.   Bankers, financial institutions, regulators, startups, investors, and all other key stakeholders of the ecosystem will come together […]

Destine Holidays, part of Destine Holding, a group of firms with EUR130 million turnover, controlled by Romanian entrepreneurs, plans to open three new branches by end-May and thus reach 12 units, but the company’s representatives plan to increase their number fourfold by 2024.

Sergiu Cadar, CEO of Somproduct, a local furniture and home décor retailer, says the company is betting on expansion during this period, both with the aid of physical stores and via online platforms.

Turkish-held Tosmur Grup, a group with farming activities, has invested EUR78 million in building a starch plant in Medgidia on a ten-ha area, set to employ 200 people.

Sonimplex Topoloveni, the company that owns Magiun de Topoloveni brand, carries out its entire production in Topoloveni and has invested over EUR1 million in its current warehousing and production capacities.

The EUR5 million investment plan Czech group Packeta announced in Romania for 2022 is likely to suffer some changes amid the Ukrainian war and its fallout, said Alexandr Jeleascov, CEO of Packeta Romania.

In conjunction with the present economic crisis, gold is increasingly being referred as the best “defensive asset.” Investors frequently sell equities in order to purchase precious metals to defend their portfolio from the imminent drawdown, or not only in order to survive the stock market volatility, but also in order to protect themselves against inflation. […]

Hidroelectrica, Romania's largest electricity producer and the most profitable state-owned company, has budgeted total revenue of RON7.4 billion for 2022, up 11% from 2021, while net profit is estimated at RON2.9 billion, down 8% from RON3.16 billion in 2021.

Romanian e-commerce platform Gomag recorded more than EUR2 million revenue at the end of 2021, up by about 45% compared with the previous year, and expects similar growth in 2022, the company said in a news release.

Romania’s Finance Ministry reopened a bond issue due in January 2028 and raised RON363.5 million from banks on Monday, RON163.5 milion more than the planned RON200 million, at an annual yield of 6.29%.

Pharmaceutical manufacturer Biofarm (BIO.RO) expects 16% higher revenue compared with RON239 million of 2021, as well as 15% higher EBITDA from about RON82 million last year.

Euler Hermes, the world leader in trade credit insurance, opens a new chapter in the history of insurance, becoming today, Allianz Trade. Since 2018, the company has been part of the Allianz Group, so the new identity highlights the group’s performance and is a major advantage in supporting the strategic plan for the next three […]

Fortech Investments invests in the Pre-Seed round of start-up partner NRGI.ai to develop an artificial intelligence-based platform that forecasts energy prices and functions as a marketplace that connects electrical energy and natural gas distributors with customers.   Consumers will be able to choose the most convenient option for provided services, in a personalized way based […]

Following the AmCham Romania Annual General Meeting of Members (AGM) on March 23, 2022, the Board of Directors of the organization for the March 2022 – March 2023 mandate, will have the following structure:   President: Ionuț Simion, Partner, Clients & Markets Leader – PwC Romania. Vice-Presidents: Cristian Sporiș, Vice-President, Head of Corporate Banking – […]

Digital investment platform Bitpanda enhances its benefits policy, aiming to offer freedom and flexibility to its team of almost 1.000 people.   Recognizing the lifestyle differences of a diverse, growing team, Bitpanda continues to invest in its people, offering them unlimited, fully-paid Annual Leave, two recharge breaks per year, 20 weeks fully paid parental leave, […]

Biofarm, one of the most important drug producers in Romania, estimates a 16% increase in turnover for this year, after recording a value of 239 million lei and an EBITDA of approximately 2021 in 2021 82 million lei, and for 2022 it aims to increase it by 15% compared to the end of the year. […]

Two campaigns by Leo Burnett Bucharest agency for clients Telekom Romania and Procter & Gamble were included in this year’s Effective 100 by WARC, ranking 49th and 50th.   This is the second year in a row that the agency has had two projects in this ranking – a success even greater as these are […]

Țuca Zbârcea & Asociații acted for WTE Wassertechnik GmbH, one of Europe’s leading companies in water infrastructure, in the awarding of two separate sections of the Cluj – Sălaj water pipeline, with a total worth of almost EUR 60.6 million (300 million RON).   The Cluj – Sălaj pipeline is likely the longest drinking water […]