Romania Feed

Altex, the leader of the retail market, and the one has always been injecting “normality” in Romanians’ lives, puts the accent on a series of modern services, meant to transform the shopping experience into a complete one, in its newest campaign.   “For 30 years, Altex has remained faithful to its mission to make technology […]

Private lending grew by 14.6% in nominal terms to RON321.9 billion in November 2021 compared to November 2020, as local currency lending grew by 19% and foreign currency lending by 4.7% when expressed in lei, central bank data showed Monday.

Țuca Zbârcea & Asociații is strengthening its partnership with the appointment of six Partners, effective 1 January 2022, while five other lawyers were promoted to key roles such as Managing Associate and Senior Associate. These promotions are instrumental to support important growth areas of the firm, such as dispute resolution, labour & employment, competition & State […]

Nordis Group, a developer specialized in premium hotel and residential developments, is expanding its team of legal professionals by appointing Florina Homeghiu as Head of Legal Department. In her new role, Florina will coordinate Nordis Management’s legal activities. At the same time, Camelia Bindiu takes on the role of Deputy Manager Legal Department for Nordis […]

For Romanians, The New Year’s Eve party has always been a special moment. If Christmas is the quiet and more traditional celebration dedicated to the family, New Year’s is its more rebellious, crazy, unpredictable, and free-spirited brother.   But no matter how unconventional the New Year’s Eve might be, of course, it also has a […]

A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?

Adinish, one of the best known local businesses focused on the sale of children’s items, for 2022 plans to open showrooms, in a franchise system, in Timisoara, Iasi, Brasov and Constanta, strengthen its online foothold in Hungary and expand to the Republic of Moldova.

Nestle Romania, a major player on the confectionary, coffee and pet food market, wants to create 170 new jobs in the next 5-10 years on the local market.

Techtex, a company specializing in technical textile production, part of Taparo group, in 2021 completed a EUR5 million investment in its third production unit, a new plant near Baia Mare, according to the company’s officials.

Romanian regional investment fund SIF Transilvania has signed with lender Banca Comerciala Romana a revolving credit agreement for the amount of RON90 million, for a 12- month period, intended for the company’s investment activity.

For this Christmas, Business Review has started a list of Romanian entrepreneurs and businesses offering Christmas packages and gifts. In a new installment of this series, we talked to Iulia Titimeaua, who created her own line of hand-made knitted clothing items, perfect gifts for the Holiday season.   How do you describe your work to […]

In this second pandemic year, the Christmas shopping list continues to be a challenge for us all. We are sure that Santa will manage to find everyone though, so Business Review has created a list of shopping ideas for all your loved ones. By Oana Vasiliu   There is no Christmas without a tree, whether […]

Law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided legal assistance to real estate developer Speedwell in acquiring a nine-hectare land plot in capital Bucharest, on the Griro platform, one of the biggest land plots available in the capital city.

With 2021 coming to a close, we hope you had a great year and you will enjoy this Holiday Season responsibly in order to have an even better 2022. The Business Review team wishes you a Merry Christmas, a Happy New Year, and may your world be filled with joy and good cheer!   The […]

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, remains below the 3% threshold, ending the December 20-24 week at 2.98% on Friday (Dec 24).

Alro Slatina (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, said in a stock market report on Friday that it completed the process of integrating the sales activity in the structure of Alro Group by finalizing the acquisition of the company Vimetco Trading SRL from its majority shareholder Vimetco PLC and its subsidiary Vimetco Management Romania.

Despite the global pandemic, the growth rate of holiday sales between 2019 and 2020 was more than double the average year-over-year growth of previous years, exceeding predictions from the US National Retail Federation. This enduring upward tick in holiday sales illustrates that consumers have built lasting habits around holiday spending. Smart brands will respond accordingly. By Romanita […]

CRIF – a global company specializing in credit bureau and business information, as well as advanced digital solutions for business development and open banking – announces the acquisition of ICAP – the largest B2B Services Group in Greece, with a strong presence also in Romania, Bulgaria and Cyprus.    ICAP was established in 1964; in […]

Business Review sat down with Iuliana Tiba, Director of Environmental, Social and Positive Impact Financing at BRD – Groupe Société Générale, to talk about employing sustainable practices without sacrificing financial performance, her company’s achievements in 2021, and the sectors in which Romania is in urgent need of investments.   Why do you think sustainability should be a […]

Roxana Dumitru, Coffee Marketing Manager for Romania & Hungary at De’Longhi, sat down with Business Review and highlighted the latest trends among Romania’s coffee consumers and explained how the coffee machine segment has evolved during the pandemic. By Anda Sebesi   Coffee machines have been very popular throughout the pandemic. How have your products in […]