Romania Feed

Euro zone inflation hit another record high, up 5% in December 2021, a sign that the economy is under renewed stress as surging coronavirus infections force governments to tighten restrictions.

Romania’s Competition Council has approved a transaction whereby E-INFRA Group made up of Electrogrup, Nova Power & Gas, Direct One and Netcity Telecom transferred in December 2021 half of the shares of NetCity Telecom, a company that develops and manages the underground fiber optic and telecom piping infrastructure in capital Bucharest.

Shareholders of industrial abrasives manufacturer Carbochim Cluj Napoca (CBC.RO), 76% owned by Carbo Europe, a company controlled by businessman Iulian Dascalu, approved the sale of the company’s platform of 120,500 square meters consisting of several plots of land and related buildings, for at least EUR42 million.

Romanian deep-tech company Humans.ai recruits Bart Veenman, experienced Marketing and Digital Commerce professional, with a passion for technology, as CEO at Tovid.ai, the SaaS platform that produces high-quality video content at scale using AI & Synthetic Media, powered by Humans.ai.   Bart Veenman has an experience of over 12 years in Management and Business Administration, […]

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, increased by 0.99% to 3.05% a year on Friday (January 7) compared to 3.02% a year reported on Monday (Jan 3), central bank data showed Friday.

Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019.

Germany-held Kaufland, with a network of around 150 hypermarkets in Romania, is carrying out a new logistics project in Sinesti, Ialomita, around 30 away from capital Bucharest, according to ZF sources.

Leonidas chocolate shop network, present in Romania in a franchise system, will relocate the store of Radu Beller street of Bucharest on Calea Dorobantilor, in the same area. The opening is scheduled for end-January, with the space set to be a flagship store, the biggest chocolate shop of Romania.

Romania’s M&A (mergers and acquisitions) market in 2021 grew in terms of both value and volume against the previous year, marked by the coronavirus pandemic, stated PwC representatives, adding the upward trend will continue in 2022.

Windows maker Barrier is expanding the production capacity of Bacau plant this year, with a state aid that will represent the final stage of a broader investment scheme.

Jagoda Gwardys-Zientara, Carrefour Romania CFO, says the company plans to further grow along all these formats in the near future, with a clear focus on the proximity segment, through our express stores.

December brought an acceleration in the average price increase of old three-room apartments in Bucharest, so that the amount paid by buyers climbed to EUR103,900, a decade high, unparalleled since the first half of 2009, according to the calculations of the real estate consulting company SVN Romania.

Romanian paint and coatings manufacturer Sarcom, part of ROCA Industry, has appointed Laurenta Crudu to the position of Chief Executive Officer (CEO).

Romania's finance ministry on Thursday (Jan 6) raised RON710 million (EUR143.6 million) selling bonds maturing in 2029 and 2036, at annual average yields of 5.3% and 5.62%, respectively.

Societe Generale SA’s car leasing division ALD SA has agreed to buy Dutch rival LeasePlan for EUR4.9 billion ($5.5 billion) to give it more scale as the auto rental market goes electric, the French bank said on Thursday.

A true leader in the trade sector, Kaufland Romania was one of the laureates of the True Leaders Awards Gala organized by ICAP Romania and Business Review Magazine on December 14, 2021. In order to find out what went on behind the scenes of this success story, Business Review talked to Marco Hoessl, CEO Kaufland România & Republica Moldova […]

Sales engagement is the single most critical factor to sales productivity. Salespeople who are not engaged with their customers cannot sell effectively. So, how can sales leaders measure sales engagement? What is the best way to build a culture of high-performance selling in an organization? How can you ensure that your best salespeople are genuinely engaged […]

Nearly a quarter of young people between the ages of 18 and 24 worldwide, or about 325 million people, have lost their jobs or incomes due to the pandemic, with automation being the next threat over the medium and long term, reveals the “Reaching YES. Addressing the youth employment and skilling challenge” report by PwC, […]

The ten most active brokers on the Bucharest Stock Exchange in 2021 brokered transactions worth RON40.3 billion or a little over 93% of the total.

Visual Fan (ALW.RO), owner of the Allview brand, has received favorable approval from Romania’s Competition Council to become majority associate, with an ownership stake of 51%, in the company Intervision Trading RO SRL, the sole distributor in Central and Eastern Europe (CEE) of products under Japanese electronics brand AKAI.