Romania Feed

Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, has budgeted EUR5 million investments for 2022 to expand the plastics plant of Eurobusiness Oradea industrial park, where it has operated since 2015.

IPEC, a major local supplier to IKEA, currently has 50 jobs available at Alba Iulia porcelain plant.

Gherla-based Sortilemn, a major local supplier to Sweden’s group IKEA, has budgeted investments of around EUR1 million for this year, aimed at automation and infrastructure.

German-held car parts supplier Kromberg & Schubert Romania ME currently has 92 jobs available at the Medias plant.

The Romanian Football Federation has opened its first physical store, which is located within the Mega Mall shopping center in capital Bucharest, in the vicinity of the National Arena.

Lender Banca Transilvania on Friday said it would have its own technology company, Code Crafters, through which it will increase its capacity to develop IT solutions.

Streaming platforms (Netflix, Disney + and Amazon Prime) target investments of $230 billion in video content in 2022 to benefit from the increases estimated for these services in the coming years and to retain clients and attract new ones, on an increasingly competitive market, as per an analysis by the strategy+business publication of the PwC network.

IULIUS continues its efforts to support Ukrainian refugees alongside other responsible companies and members of the civil society. As of today, Iași is the first city in Romania to have its own platform providing employment opportunities and useful information dedicated to those who wish to remain here. “Ukrainians in Iași” is an endeavor initiated by […]

France's Orange Group, one of the biggest players in the global communications market, has asked Greece’s OTE to lower the final price for the majority stake in former fixed-line monopoly Romtelecom (Telekom Fix) by EUR24 million, a document OTE sent to investors says.

Fintech company Degethal, established in 2021 by Alin George Luca, Cristian Mateescu and Peter Barta, has concluded an agreement with Austria’s investment fund Valuex ALUEX for gradual funding of up to EUR50 million over the next two years.

The supply of remote jobs on the local market has increased in the last two weeks to 7.7% from 5%. After a long period of time, the first three regional cities - Cluj-Napoca, Timisoara and Brasov – are no longer able to surpass or match the supply of jobs in capital city Bucharest, in line with data from eJobs Romania.

In the days after Russia’s President Vladimir Putin declared war on Ukraine, the team at the film network Crew United decided to turn their attention to doing what they normally do for the film industry as a whole, specifically for the people of Ukraine, and that is bring people together and provide them with verified […]

Claudia Stan, Cluster Director of Sales at Apex Alliance Hotel Management, sat down with Business Review to discuss the added value the Sales and Marketing Cluster brings to corporate clients on the local hospitality market. By Anda Sebesi   Where did the idea for a Sales and Marketing Cluster come from and what was the […]

The growth of e-commerce will continue in 2022, following two years of boosted expansion, and customers will enjoy faster delivery and better services. At the same time, the Deposit Return System (DRS) is seen as Romania’s biggest and most important sustainability project of the past 30 years, and not just from an investment perspective. These […]

The March 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “People to Watch in 2022”. 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 this issue: People to […]

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 surged to 4.36% a year on Friday (March 11, 2022), from 4.35% a year on Thursday (March 10), in line with central bank data.

Having made her mark on some of  IMMOFINANZ Romania’s major business accomplishments last year, Fulga Dinu, Country Manager Operations, sat down with Business Review and talked about the real estate developer’s plans in Romania for this year. By Anda Sebesi   2021 was quite a challenging year for Fulga Dinu, but for different reasons than […]

Golden Drum, the international festival of creativity, has suspended Russia and Belarus from submitting entries into this year’s competition and from having representatives in the juries, with immediate effect.    Although we are a politically neutral body promoting the interests of the advertising and communication industry, we feel a firm stance is essential in these […]

The massive influx of Ukrainian citizens caused by the armed conflict in Ukraine was managed by private companies and numerous Romanian volunteers through an unprecedented mobilization. Although most Ukrainians who entered Romania are in transit, a significant percentage will remain here over the following period. Besides the obvious need for accommodation and food, they will […]

Courage, innovation, and performance: these attributes defined the 10th edition of the Superbrands program for Romania, implemented on the local market by BDR Associates, a strategic communication agency. The current edition ended with the Superbrand trophy awarding ceremony and the official release of Volume 10 of the Superbrands book for Romania. The special event brought […]