Romania Feed

WOMEN LEADERS, a series of 12 inspiring interviews with 14 remarkable women, members or ambassadors of the Professional Women’s Network (PWN) community, was launched this month by PWN Romania and the Center for International Private Enterprise (CIPE). Business Review sat down with Virginia Otel, co-president of PWN Global, to find out more about the project, […]

Romanian business managers expect robust price growth in the construction and retail trade sectors for the December 2021-February 2022 period in parallel with a slight decrease in the number of employees in constructions and an increase in staff numbers in retail trade, a survey by the country’s statistics board INS showed Tuesday.

ROCA Investments carried out a capital increase at RDF and became the majority stakeholder in the company, a major grain trader of Banat, founded by Florin Deznan.

Over 15,000 new companies operating in the fields of agriculture, forestry and fishing were set up during January-November 2021, 280% more than in the same period of last year, in line with Trade Registry data.

Aluminum smelter Alro Slatina (ALR.RO), the largest consumer of electricity in Romania, announced on the Bucharest Stock Exchange on December 27, 2021, that its aluminum production would decrease from five electrolysis plants to two plants due to high power prices.

Theta Furniture&More, one of the largest players in the interior design and custom furniture market in Romania, is also considering growth through acquisitions.

Rondocarton, part of the Austrian group Rondo Ganahl, one of the largest corrugated cardboard producers, which operates three packaging plants on the local market, plans to develop a vertical warehouse in Targoviste, an investment estimated at EUR10 million.

Booking Holdings Romania, a company established in July 2021 by Booking Holdings, has received a capital increase of RON22 million ($5 million) from its sole shareholder, according to Trade Register data.

Businesses around the world are strengthening their support for globally consistent and enforced standards on environmental reporting, but many still have some way to go to improve their own efforts, according to the 2021 EY Global Corporate Reporting Survey.   The report, now in its eighth year, canvasses the views of more than 1,000 finance leaders […]

The Bucharest Stock Exchange on Monday said that MV Green Power Export, a producer of photovoltaic electricity, will be listing this year its second bond issue on the Multilateral Trading System (MTS), on Tuesday (December 28).

Investment fund CEECAT Capital carried out a new transaction on the Romanian market after buying the majority stake in Cluj-based company Modulo Decorative Solutions specialized in the production of decorative stone cladding solutions.

Net revenue from the value added tax grew by 36.2% to RON72.79 million in January-November 2021 compared to the same period in 2020, holding a 6.1% share in gross domestic product (GDP), in line with the budget execution released by the finance ministry on Monday.

Romania's unemployment rate stood at 2.72% at end-November 2021, lower by 0.04 percentage points than in October 2021 and by 0.60 percentage points than the rate recorded in November 2020, data from the country’s employment agency ANOFM showed Monday.

Capital city of Bucharest registered 14,080 jobless people (of whom 7,497 women) at the end of November 2021, taking the unemployment rate to 1.15%, data from the Bucharest Municipal Employment Agency showed Monday.

Romanian regional investment fund SIF Transilvania (SIF3.RO) is summoning its shareholders on January 28, 2022 to vote on a decision aimed at changing its name to Transilvania Investments Alliance.

Romania's general consolidated budget posted a deficit of RON55.98 billion in January-November 2021, or 4.70% of the gross domestic product (GDP), lower than RON84 billion, or 7.94% of GDP, in the first eleven months of 2020, finance ministry data showed Monday.

According to Universum’s Employer Branding NOW 2020 survey, the share of large companies that say they are “very concerned” about growing competition for key talent from the startup sector dropped by half in 24 months. In 2018, 38 percent had said they were very concerned; in 2020, only 17 percent felt the same. The stability of […]

The myriad of adverts bombarding consumers every day has made people virtually immune to commercial messaging. This is why advertisers are trying to find new, alternative, and creative ways to reach customers. By Romanita Oprea   Throughout the years, the idea of an unconventional marketing or advertising campaign has evolved, especially around the amount of […]

Around 50 million tonnes of electrical and electronic waste (e-waste) is generated worldwide each year, a figure expected to more than double by 2050 to 120 million tonnes, according to a 2019 report from the World Economic Forum (WEF). As reported by Reuters, half of all e-waste is made up of personal devices such as computers, monitors, […]

Reff & Associates | Deloitte Legal assisted the real estate developer Speedwell in purchasing a nine-hectare plot of land located in Bucharest, on the Griro platform, one of the largest plots of land available in the capital. Speedwell will build on this land a project estimated at 500 million euros that will include apartments, office […]