Romania Feed

Ukrainian citizens can work in Romania on the basis of a full-time individual work agreement without the need for a work permit and without observing the nine-month period in a year limit for an employment agreement, as under the normal rules, according to Dentons’ legal team in Bucharest.   In addition, the right of residence […]

More than 60% of entrepreneurs in the NextUp community say that their business and activity are directly or indirectly affected by the situation in Ukraine, which has generated higher prices and costs or blocked collaboration with external suppliers, according to an analysis by NextUp, one of the most important software manufacturer for scaling companies.   […]

The Romanian company Color Smart Distribution, sole importer and distributor in Romania and Republic of Moldova of Benjamin Moore and Novacolor, expands its portfolio and brings to Romania and the Republic of Moldova the American brand of premium paints, Pittsburgh Paints.   Pittsburgh Paints is the world’s No. 1 brand of paints and special materials […]

The map of football lovers from Romania and abroad will be enriched, starting with this year’s summer, with a new destination: Football Museum Bucharest. The first museum dedicated to football inaugurated in Romania will be located in a building of over 1.500 sq m in the Old Town of the Capital, dedicated exclusively to exhibitions […]

Who are T-shaping specialists, how do they differ from narrow-profile professionals, and why do many big companies want to get them? Let’s explore these questions and tell you if it is possible to develop T-shaping skills and, most importantly, why.   What T-shaping Means Since the birth of factories and the development of collective production, […]

Romanian startup Salarium and Edenred have jointly developed a package of extra-salary benefits with a component of salary advance payment, company officials said in a statement.

At the beginning of this month, Kanal D Romania celebrated 15 years since its first broadcast in our country, so, to mark the occasion, Business Review sat down with Fatih Salis, News and Internal Productions Director, for an exclusive interview in which we tried to find out more about the TV channel’s journey so far and its […]

Raluca Radu, Country Manager of Answear, was a speaker in the opening panel at Business Review’s recent re:FOCUS on eCommerce, Retail & Logistics 2022, where she shared her perspective as an eCommerce specialist concerning trends, challenges, and strategies to run a thriving online business. By Mihai Cristea & Deniza Cristian   The pandemic-related restrictions on in-store shopping […]

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 increased to 4.39% a year on Friday (March 18, 2022), from 4.37% a year on Thursday (March 17), in line with central bank data.

Romania's seasonally adjusted unemployment rate reached 5.9% in the fourth quarter of 2021, higher by 0.6 percentage points as compared with the one recorded for the third quarter, data from the country's statistics board INS showed Friday.

The Bucharest Stock Exchange, the operator of the capital market in Romania, is summoning its shareholders on April 28, 2022 to approve the distribution of its 2021 net profit in the total amount of RON8.2 million, of which RON485,158 as legal reserve and RON7.72 million as dividends.

Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) is summoning its shareholders on April 27, 2022 to approval the distribution of a gross dividend in the amount of RON0.0042 per share, respectively a total amount of dividends of RON5.05 million from the company’s 2021 profit.

SIF Hoteluri, a company controlled by SIF Banat-Crisana, announced the company’s shareholders approved the sale of DoubleTree by Hilton hotel of Oradea, part of the company’s portfolio.

Healthcare network Regina Maria has invested over EUR15 million in Brasov county over the past ten years.

Radiotherapy center MedEuropa, present in Romania since 2018, plans to expand to Iasi and Bacau and targets EUR80 million turnover in 2022.

Patria Credit, a non-banking financial institution part of Patria Bank Group, in 2021 posted EUR1.59 million net profit, up 42% from 2020, while its loan portfolio expanded by 32%, to EUR26.6 million.

Freshful, an online hypermarket recently added to eMAG’s e-commerce platform group, is looking at cities with over 300,000 inhabitants for expansion and mulls potential agriculture investments to produce its own products for sale.

Rompetrol Rafinare (RRC.RO), the operator of the Petromidia Navodari and Vega Ploiesti refineries, exported $960 million worth of oil products in the region to the subsidiaries of KMG International in Moldova, Georgia and Bulgaria in 2021.

SIF Oltenia (SIF5.RO) has offered two options for the RON37,5 million profit of 2021, the company said in a report to the Bucharest Stock Exchange.

WIP Industries Romania, a supplier of components for the furniture industry, is investing nearly EUR36 million (RON180.3 million), of which EUR17.9 million represents state aid, in a center for the production of furniture components that will be located in the industrial park in Campia Turzii (Cluj County).