Romania Feed

The bet of Constantin Dulute, a major Romanian entrepreneur, on Vinicola Averesti 2000, the company behind Domeniile Averesti wine brand, is ever bigger.

Atenor completed the sale of Dacia One project to Paval Holding, in a sale with a financial impact of EUR50 million, according to the Belgian company.

Luchi Georgescu, the entrepreneur owning cold cuts plant Meda Prod 98, a major player on the market, says she’s seeking solutions to cut electricity costs and wants to generate power from photovoltaic panels for at least 10% of the plant’s daily consumption.

The third clinic under Prevent umbrella is going to be opened in 2022.

Annabella Fabrica de Conserve Raureni, a company part of Annabella group owned by Mutu family of Valcea county, plans to take over Fabka Group, in line with information provided by the Competition Council, which cleared the deal.

Retailer Profi, held by buyout investor Mid Europa Partners, opened a total of 19 new stores in December, 18 of which were in the Loco format used in rural Romania.

Real estate investment trust Star Residence Invest (REIT.RO) said in a stock market report on Tuesday that it completed the share capital increase operation through cash contribution by exerting preferential rights, managing to attract RON5.7 million.

The latest initial public offering in Bucharest in 2021, which started on December 15 and was scheduled to close on December 29 went through some changes, the most important of which being the successful closing condition.

Allianz-Tiriac has received approval from the Financial Supervisory Authority (ASF) to become a significant direct shareholder of Gothaer Asigurari, ASF officials said.

Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts.

At this year’s Foreign Investors Summit, Patricia Wruuck, Economist in the Economics Department of the European Investment Bank, held an insightful presentation titled “Municipal investment and cohesion in Europe: current challenges,” in which she showed why investments at the municipal level are just as important as national ones, as the development of cities can significantly improve […]

The EU and the European Investment Bank may provide financial assistance and advisory services, but it remains Romania’s job to design its own future, Lara Tassan Zanin, Head of the EIB Group Office in Romania, said during the most recent Foreign Investors Summit, BR’s landmark event that reached its 8th edition this year.   “Romania must […]

The Global Wellness Institute believes that residential real estate is the next frontier that will be radically transformed by the wellness movement. Our homes, communities, and surrounding environment directly affect our daily behaviours and lifestyles, and together these determine up to 80-90 percent of our health outcomes. Since our homes are typically our most important […]

A new LinkedIn study shared exclusively with The Drum suggests that despite the pandemic and its economic consequences, opportunities in the marketing sector are only expanding, with roles in digital and media leading. While the economic impact of covid-19 has decimated businesses of all types over the last year and a half, the marketing industry […]

Lighting in healthcare facilities and hospitals is of key importance. According to a study done in the UK, patients who were served in a newly refurbished environment were able to be released a day and a half earlier than those who were served in the old buildings.     An environment’s visual quality has a positive […]

A speaker in the All-Star Employer Branding Panel at Working Romania HR Conference, Alina Amza, group wellbeing & inclusion director at Superbet, presented how her company implemented an assistance programme, launched the OPAL project, created an internal newsletter, organised 80 workshops on various topics, and constantly communicated with its employees.   The pandemic has highlighted the fact […]

Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) on Tuesday said it reimbursed its debts to several lenders among which EximBank, Banca Transilvania and Intesa Sanpaolo Bank Romania, by means of a financing facility in the amount of EUR23 million contracted in March 2021.

A speaker in the All Star | Employer Branding panel at BR’s recent Working Romania HR Conference, Luminita Florea, people & culture director at Philip Morris Romania, shared her views about the new ways we work, live, connect, and how the future workforce is shaping up.   Since it’s becoming abundantly clear that the future belongs to hybrid […]

On a labour market that is dominated by fierce competition between companies trying to attract and keep talent, employee retention is a serious challenge for HR departments. Regardless of their size or industry, organisations are making significant efforts to identify the elements that make or break an employee’s decision to stay in a company. By […]

Accept. Adapt. Be flexibile. Provide constant feedback. See work as an output rather than an input. These are some of the key principles that HR departments in both Romanian companies and multinationals operating on the local market should live by from now on. HR specialists attending the 6th edition of BR’s Working Romania #futureofwork event […]