Romania Feed

Retail turnover, the main barometer for private consumption, in January 2022 posted a 5.3% increase in gross series against the year-earlier period amid rising sales of car fuel in specialized stores (by 8.2%), non-food items (6%) and foodstuff, beverages and tobacco (3.1%), in line with data from the country’s statistics board INS.

Hotel company Turism Felix, owner of Baile Felix resort tourism compound, for 2021 reported RON82 million turnover, up 54% on the year.

Private hospital Sanconfind of Campina, with a 90-bed capacity, opened in 2015, had 97,000 patients last year and generated RON24 million turnover.

Philips Orastie, part of Dutch giant Philips, is currently recruiting 100 people for unskilled worker jobs in assembling/installing parts at its home appliance factory in Hunedoara County, where it makes espresso machines and oral care products, according to the Hunedoara County employment agency (AJOFM).

Carrefour Group, active in grocery retail sector, has signed a partnership with Rompetrol Downstream, which operates a network of more than 1,000 filling stations in Romania, to open a number of "test" stores in the gas stations, ZF has found.

The local subsidiary of Polish company Kruk has grown from a team of 15 to more than 600 people in 15 years, a development that has gone hand in hand with rising debt levels of consumers and sometimes radical changes in the labor market.

Selected in Top 50 Most Influential Global Thinkers, impacting millions on a global scale and 3 x New York Times bestselling author, Dan Ariely is coming to Romania to attend BRAND MINDS 2022 edition as a speaker. On June 17th, Dan Ariely will share his top insights on the subject “How to change behaviour”. Participants will […]

Norofert (NRF.RO), an agri-food conglomerate that covers the entire chain of agricultural production, from vegetable production to the sale and distribution of organic inputs, celebrated on Thursday (March 3) two years since its listing on the AeRO market of the Bucharest Stock Exchange.

According to the data, in 2022, the freight forwarding market was sized at around 161 billion euros and is only expected to grow in the coming years – even up to 207 billion euros by 2025. There are new companies joining the market virtually all the time, which creates more variety but also can make […]

Over the past few years, there has been a trend in organizations switching from traditional marketing tactics to digital ones. But since many businesses started with conventional marketing methods, digital marketing remains an unfamiliar phenomenon.   Any firm that wishes to stay competitive today needs to adopt digital marketing methods. But the question is, how […]

The ease of rules related to the Coronavirus pandemic was making the airline industry look with optimism at 2022. But in the last week of February, the military conflict between Russia and Ukraine cast a big shadow over the travel and airline industry expectations for recovery. The sanctions imposed by the Western countries are already […]

VTEX (NYSE: VTEX), the enterprise digital commerce platform for premier brands and retailers is glad the announce its first Live Shopping event in Romania, which was promoted by F64, the largest retailer of photo-video equipment and one of the company’s first customers in the country. The event was aimed at enthusiasts of photo-video equipment and […]

Companies should constantly seek out ways to improve their management. Not only will it improve overall productivity, but it has the potential to boost morale among your team. Employees confident in management’s ability to run the business efficiently are far happier to put in the effort required to improve revenue. How, then, can you improve […]

Romania's finance ministry on Thursday (March 3) raised nearly RON456 million (EUR92.1 million), below the planned target of RON900, selling bonds and treasury bills and maturing in 2030 and June 2022, at annual average yields of 6.06% and 4.01%, respectively.

The world's largest sovereign wealth fund, with about $1,400 billion in assets, i.e. six times what the Romanian economy produces in a single year, was a shareholder in nine companies listed on the Bucharest Stock Exchange at the end of 2021, with a total investment value of about $97 million (RON432 million).

Business angels investment platform Growceanu has announced the launch of an investment application which facilitates the development of tech startup portfolios, eliminating all the hassle related to the administrative process, company representatives said in a statement on Thursday.

Growceanu, the business angel investment platform, launches the first investment app in Romania which facilitates the development of tech startup portfolios, eliminating all the hassle related to the administrative process. The business angel platform targets transactions worth over 2.5M euros in 2022.     The Growceanu Investors app brings together all the information a business angel […]

Leading independent law firm Noerr has strengthened its full-service advisory approach and energy practice in Romania by recruiting Anca Mihailescu as associated partner and head of Noerr’s energy practice in Bucharest.    Anca Mihailescu is an outstanding professional with more than 13 years of experience in the field of energy, including energy-related European law, having […]

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate, announces that the residential development One Cotroceni Park has obtained the Green Homes pre-certification from the Romania Green Building Council, which is awarded to a real estate development in the execution phase. One Cotroceni Park has successfully undergone a […]