Romania Feed

Real estate developer Hagag Development Europe established the company Hagag Privighetorilor 35 at end-2021, per data released on Friday (Dec 31, 2021), and is looking at buying a plot of land of over 18,000 square meters in northern Bucharest.

China-held Oppo, one of the world’s biggest players on the smartphone market, which officially entered Romania in mid-2020, at the end of 2021 saw its sales triple against the first month of the same year.

Romanian National Air Transport Company Tarom last year generated revenues worth RON958 million, up almost 170% against 2020, in line with the adjusted revenues and expenditures budgeted published in the Official Gazette in December 31, 2021.

Aqua Aurum Distribution, the company managing mineral water brand Aur’a Mineral Water, in 2021 posted turnover worth above RON1 million, down 6% on the year.

2022 is expected to be the year Romania’s modern retail will witness the quickest expansion so far, with over 500 new units and investments of at least EUR1 billion.

Bookstore chain Diverta, which entered insolvency at its own request in mid-2021 amid the pandemic, has a restructuring plan made up of three main directions.

Sebastian Bobu, executive manager of paving stone manufacturer Symmetrica, estimates the company ended 2021 with a 10% turnover increase against 2020, when it reported RON162.2 revenues and profit worth RON17.1 million.

Publicis Groupe today announced the acquisition of Tremend, one of the fastest-growing and largest independent software engineering companies in Central and Eastern Europe. Tremend currently reaches 60 million of its clients’ end-users with its proven technology and will serve as the newest global delivery center for Publicis Sapient.   Based in Bucharest, Romania, Tremend was founded […]

The Board of Directors of the Romanian National Air Transport Company Tarom has decided to change the CEO, so Catalin Radu Prunariu will be replaced by Mihaita Ursu, who returns to the helm of the company.

This year, agritech Chromosome Dynamics will launch Spell BOX, a hardware solution for diagnosing crops. Spell BOX comes to the aid of farmers with a solid database of diseases and pests, with maximum accuracy, eliminating any human error related to the nature of the problem placed for analysis due to the controlled environment in which the […]

In Romania’s history, 2006 is remembered as the year when the mandatory military service was abolished and the big anti-corruption offensive began. It’s also the year when Canadian-born Michael Topolinski first came to the country. The thriving economy, mesmerizing consumers with the promise of a better life, made the young investor realize the long-term potential […]

Arcadia – Hospitals and Medical Centers, the largest medical network in Northeast Romania, will launch early next year the Arcadia Medical Recovery Hospital, an innovative concept for the medical recovery of Romanian patients, and beyond. The medical services provided by the hospital will target various medical specialties such as neurology, cardiology, orthopedics, neurosurgery (pre and […]

The pandemic has made the world aware that you can adapt very quickly to the unpredictable. In order to embrace resilience, companies need employees who are as motivated and supportive as possible. The Future of Work concept is based on innovative technology. Two years ago, SAP started a transition from Human Capital Management to Human […]

Digitalization is on the agenda of every company, including that of Mastercard, which is not just a payment provider, but a global technology company. Digitalization has a major impact on our lives, and that is why we need better IT&C education in schools. And the economic importance of digitalization was confirmed – albeit in an […]

Geanina Ungureanu, Senior Asset and Leasing Manager Retail at IMMOFINANZ, returns as a speaker at re:FOCUS on eCommerce, Retail & Logistics 2022 edition, after also being part of BR’s landmark retail & logistics conference in 2021. For this occasion, Business Review sat down with her for an exclusive talk previewing the topics which will be […]

With an EBITDA of RON 260 million and an increase in the number of employees of 4%, Apa Nova Bucharest was one of the laureates of the True Leaders Awards Gala organized by ICAP Romania and Business Review Magazine on December 14, 2021. To find out more about what this recognition means and all the work […]

The Board of Directors of Impact Developer & Contractor (IMP.RO), a real estate developer controlled by entrepreneur Gheorghe Iaciu, has decided to increase its share capital through a private placement on the stock exchange, offering for subscription a maximum of 350 million shares at a price of RON0.7 per unit.

Catalin Samara, chief operating officer and e-commerce director, as well as executive board member of Carrefour Romania, on Monday became director of Bringo International, in charge with overseeing the international operations of the personal shopping and delivery service.

When we think of people with a business degree, we picture individuals in suits and ties working for top corporations. Over time, people with a business degree as their secondary education have been perceived as the next big shots in the market. However, is it all there is? Could a degree in business education guarantee […]

Six out of ten (60%) Romanian Millennials and earliest members of Gen Z prefer a working arrangement that allows them to work from various locations, including home, during flexible hours, according to the latest edition of Deloitte Central Europe (CE) First Steps into the Labour Market report, conducted in 19 European countries, including Romania.   […]