Romania Feed

Efficiency, attracting and retaining key people are the top priorities of this period and of 2022 at the top of the big companies active in Romania. Also, investments in the development of the “mindset” component (the right mentality for performance and achieving goals) will become increasingly important in large organizations.   At the same time, […]

CBRE, the global leader of real estate consultancy market, continues to strengthen its operations in all ten countries of the CEE region and appoints Carmen Ravon, one of the most appreciated Romanian experts in retail, currently leading the CBRE Romania’s Retail team, to coordinate the retailer’s expansion in the entire CEE region as Head of […]

Avi Compact estimates that it will close the year with an increase of over 20 percent compared to last year, when the turnover was 7.8 million euros. For 14 years, the company has been the largest Daikin distributor in Romania, with a market share of 20% of all the equipment. Avi Compact offers the full range […]

The total trading value on the Regulated Market of the Bucharest Stock Exchange (BVB) grew by 21.6% in the first eleven months to RON17.4 billion (EUR3.5 billion), while the average daily trading value is up by 20.5% to RON75 million (EUR15.2 million), per stock market data.

Intesa Sanpaolo Bank, the local subsidiary of Italian Intesa Sanpaolo Group, has granted over 1,400 financings for 1,056 Romanian companies which benefited from the guarantees provided under the programs IMM Invest and Agro IMM Invest.

Romanian apparel manufacturer Braiconf Braila (BRCR.RO) ended the first nine months of 2021 with a turnover of RON14 million, half the level of RON27 million reported in the same period in 2020, and total loss of RON1.3 million, per its stock market report.

The average net salary in Romania increased by 0.8% in nominal terms in October 2021 compared with September 2021, to 3,544 lei (EUR716), data from the country's statistics board showed Monday.

Romania's annual inflation rate moderated slightly to 7.8% in November 2021 after climbing to 7.9% in October 2021, data from the country's statistics board showed Monday.

Bitdefender, one of the first private software companies established in Romania after the fall of communism, as well as one of the largest local software businesses and a key player in the global market for cyber security solutions, has hired investment banks JPMorgan and Morgan Stanley to manage the floatation project in the United States.

Flights to and from Romania generated EUR122 million revenue for Hungary’s Wizz Air group between April and September this year, according to a corporate financial report.

The 5 to go café chain has reached almost 300 shops nationwide after 90 new ones opened in 2021, with another 16 due to open soon.

The Romanian insurance market ended the first nine months of 2021 with gross written premiums of RON9.8 billion, up 15% compared with the same period in 2020, according to the data presented by Cristian Rosu, vice president of the Financial Supervisory Authority (ASF) for the insurance sector.

Payday lenders have effectively leveraged Native American sovereign reservation status. Often they are forging partnerships with tribal members to offer loans over and above the Internet which evades state law. However, the FTC has also begun to actively monitor these lenders.   While some tribal lenders are run by Native Americans, there is evidence that […]

Payday lenders have effectively leveraged Native American sovereign reservation status. Often they are forging partnerships with tribal members to offer loans over and above the Internet which evades state law. However, the FTC has also begun to actively monitor these lenders.   While some tribal lenders are run by Native Americans, there is evidence that […]

Even though the covid-19 pandemic is still present, 2021 is an important year for sports worldwide, with the Olympics taking place in Tokyo and, for Romania specifically, as it hosted several football games from EURO 2020, while the Women’s European Volleyball Trophy toured the country’s most important cities, giving fans a chance to see it […]

Even though the covid-19 pandemic is still present, 2021 is an important year for sports worldwide, with the Olympics taking place in Tokyo and, for Romania specifically, as it hosted several football games from EURO 2020, while the Women’s European Volleyball Trophy toured the country’s most important cities, giving fans a chance to see it […]

CIEL Romania, one of the leading manufacturers of software for business, will end 2021 with a turnover of 1,6 million euros, up by 15% compared to the previous year. The main growth factors are the high demand for the ERP system and for the cloud payroll solution, the launch of automation solutions and the launch […]

CIEL Romania, one of the leading manufacturers of software for business, will end 2021 with a turnover of 1,6 million euros, up by 15% compared to the previous year. The main growth factors are the high demand for the ERP system and for the cloud payroll solution, the launch of automation solutions and the launch […]

The health crisis has brought major changes at all levels, globally. One of the interesting things is that the properties in the mountain tourist areas have become more and more interesting for investors, according to the annual Savills study “The Ski Report, Winter 2021-22”.   The first quarter of 2021 was particularly acute for demand. […]

The health crisis has brought major changes at all levels, globally. One of the interesting things is that the properties in the mountain tourist areas have become more and more interesting for investors, according to the annual Savills study “The Ski Report, Winter 2021-22”.   The first quarter of 2021 was particularly acute for demand. […]