Romania Feed

According to PwC, consumers are returning to in-store shopping in greater numbers, and out-of-home entertainment and travel are on the rise as three in five (61%) express optimism about the future, according to the latest PwC 2021 Global Consumer Insights Pulse Survey.

Romanian IT company AROBS Transilvania Software has debuted on the AeRO market of the Bucharest Stock Exchange (BVB) and its shares are traded under the ticker symbol AROBS.

Holde Agri Invest (HAI.RO), a Romanian company operating farmland, is in advanced talks to access a credit facility in the maximum amount of RON170 million, as approved by the Extraordinary General Meeting of the Shareholders of November 24, 2021.

Mihaela Cuturescu was appointed Chief Executive Officer (CEO) of Romanian ice cream producer Alpin 57 Lux, headquartered in Sebes (Alba County), in November 2021.

Alcohol abuse is not only devastating to the person in question, it can also drastically affect the lives of their loved ones and family members. Detecting warning signs may be obvious enough to notice but is it really something that can be handled easily?    People who suffer from a drinking problem and addiction in […]

Groupama Asigurari, the Romanian subsidiary of the French group of the same name, saw the volume of gross underwritten premiums go up by 15% in the first nine months of this year, to around RON870 million, according to Francois Coste, the company’s CEO.

Daniel Popa, country manager of Reynaers, a producer of aluminum systems for the constructions industry, said the company would open two new showrooms in Brasov and Constanta in 2022 after having opened 3 showrooms in Iasi, Cluj-Napoca and Timisoara in 2021.

Suceava-based meat products maker Killer saw its sales slide by 20-30% amid the lack of private and corporate events, hospitality industry restrictions and rising prices of commodities and utilities. Thus, from around RON90 million in 2021, flat from 2019, sales dropped below RON75 million, in line with ZF calculations.

Store chain Profi, owned by investment fund Mid Europa Partners, in the first 11 months of this year opened 154 new stores, with most of them, around half, under the Loco format destined to rural areas.

Jan Demeyere, co-founder of Speedwell, one of Romania’s most dynamic real estate developers, said the company has Iasi, Sibiu and Brasov, with a good life quality, on its investment radar.

Safety Broker, Romania’s biggest insurance broker, was sold to Poland's Unilink, the biggest insurance brokerage group in Central and Eastern Europe (CEE)..

BET, the benchmark index of the Bucharest Stock Exchange, declined by 3.5% in November 2021, which was its weakest month since October 2020, according to Bucharest Stock Exchange data.

PPF Real Estate, a developer and investor with real estate assets of over EUR2.5 billion globally, has carried out an investment of almost EUR1 million to renovate the ground floor of the Metropolis Center building and of the small square in front of the building.

Prime Kapital has opened a new shopping center in the town of Ploiesti, called Prahova Value Centre, and has started the sale process for the Pleiades Residence residential complex.

Multinational media and digital marketing communications group dentsu has appointed Florian Skala to the position of Chief Commercial Officer, a strategic position at senior management level created to consolidate the growth and commercial operations of the group in Romania and on the markets in Southeast Europe.

Parcel delivery company Cargus has inaugurated nine warehouses in 2021 and its expansion plans target the opening of six new logistics centers in 2022, the company said in a statement.

Romania's finance ministry will be launching three new bond issues for the general population Monday, December 6, which can be subscribed until December 20, 2021.

Construction group TeraPlast announces the expansion of its management team with the appointment of Laszlo Vajda as development director. He will start work in December and will coordinate development strategies for all companies within the group.

In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC analysis citing data from the European Commission report released on December 2, 2021.

From Iasi to Timisoara and Bucharest, more than 38 landmarks around Romania will be bathed in purple light Friday 3rd December, recognising the world’s 1.2 billion people with disabilities. #PurpleNightRomania is a call to action that celebrates and draws attention to the potential economic contribution of the 800.000 people living with disabilities in Romania.    The […]