Romania Feed

Ford Romania on Friday revealed the one millionth vehicle manufactured at its Craiova assembly facility, which is a Puma ST-Line in Desert Island Blue, powered by a 155 PS EcoBoost Hybrid engine.

IMMOFINANZ is making an important contribution to the fight against climate change with its new Net Zero Emission Strategy. Plans call for a reduction of 60% (below the 2019 level) in all greenhouse gas emissions by 2030 – and by 2040, this leading European commercial real estate company intends to be emission-free along the entire […]

FREE NOW, Europe’s leading provider of multimodal mobility services, introduces a Santa’s Fleet in Bucharest and Cluj and offers free rides to passengers who ride with a car from the special fleet, to help them fulfill their holiday plans by traveling safely. In addition, the value of all rides completed between 18 and 22 December […]

Romania’s 2022 state budget was built on a cash budget deficit target estimated at 5.8% of gross domestic product (GDP) and an ESA (European System of Accounts) deficit estimated at 6.2% of GDP, per a bill on approving the caps of some indicators stated in the fiscal-budgetary framework for 2022, released by the finance ministry on Friday (December 17).

For this Christmas, Business Review has started a list of Romanian entrepreneurs and businesses offering Christmas packages and gifts. For those interested in some premium wine boxes, Business Review talked with sommelier Andrei Popa, founder of Dor de vin and co-founder of Anika Restaurant.   How do you describe your work to someone who doesn’t know […]

Catalyst Romania Fund II, one of the most important venture capital funds in the region, joins Code of Talent in its internationalization efforts and confirms again its position as a key enabler of the Romanian technology startup ecosystem.   The Catalyst investment supports the launch of the new generation Code of Talent platform, incorporating advanced […]

By end-2021, Romania is likely to reach a 15,000-prosumer community, a spectacular leap from 1,700 prosumers in February, in line with official data.

Courier services company Sameday, holding a network of around 2,200 lockers in Romania, has seen the number of deliveries to easyboxes rise by over 200% this year.

Real estate developer Speedwell signed a pre-contract to buy a 9-ha land plot with the aim of building a new project, in Bucharest’s district one.

FAN Courier, leader of Romania’s courier services market, a company founded in 1998 by Felix Patrascanu, Adrian Mihai and Neculai Mihai, expects to end 2021 with RON1.06 billion turnover, up 5% year-on-year.

A just one-page document published on December 16th on the Bucharest Stock Exchange, laying out the development plans for the green unit and chemical unit of chemical producer Chimcomplex Borzesti (CHOB), is penciling what could be recent years’ biggest deal in the petrochemical industry, one Ziarul Financiar daily puts at RON1-1.2 billion.

Doina Cepalis, CEO and founder of Te-Rox, a EUR30 million business centered on production of children’s safety seats, is in talks to take over another two companies. The decision comes as the Pascani-based group in 2020 entered Sweden’s Holmbergs portfolio.

German-held discount retailer Lidl has opened 30 new stores since the beginning of the year and moved nine others and plans to continue expanding at a similar pace in 2022, which would bring the network close to 350 stores.

Polish fashion group LPP, which has five brands on the Romanian market, has reached 100 stores and 96,000 square meters of leased retail space in the country after a fast-paced expansion during the pandemic.

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has summoned its shareholders on December 16 to approve the contracting of a long-term investment loan worth RON98.4 million, of which VAT of RON15.7 million, in line with a stock market report released on Thursday.

Visual Fan (ALW.RO), a company listed on the Bucharest Stock Exchange and owner of the Allview brand, launched its first full electric car model - Skywell ET5, on Thursday, making its debut on the Romanian car market.

Impact Developer & Contractor (IMP.RO) continues the implementation of the development strategy for the next six years by signing a EUR5 million loan agreement with OTP Bank, through its subsidiary Bergamot Developments, a company in which IMPACT is a majority associate holding 99.99% of the social capital.

Romania's finance ministry on Thursday raised 228 million lei (EUR46 million) from banks by selling a new issue of bonds maturing in 2036, at an average yield of 5.32%, central bank data showed.

Sameday conducted a study on how e-commerce consumers relate to the courier market. The results illustrate key data about the profiles of the Romanian buyers and the expectations they have from courier companies.   76% of e-commerce consumers place at least 2 orders per month According to research, in Romania, 76% of those who shop […]

Workspaces have remained a decisive factor for Romanian employees in job selection decisions, as the health of offices remains key to regaining employee confidence and the pandemic shows no signs of coming to an end in the near future. Thus, employees’ expectations regarding their workspaces remain high, with more than a third saying they might […]