Romania Feed

UiPath, Zitec, Softbinator Technologies, JYSK Romania and Nobel Romania are the most appreciated companies in Romania by their employees, according to “Top Angajatori 2021”, ranking made by the Undelucram.ro platform. This is the only top in Romania made according to employees’ opinions and not according to the public image of companies.   In its sixth […]

EY Romania strengthens its regional team in Transylvania by appointing Ovidiu Zaberca as Business Development Director. With the expansion of the team, the company aims to help develop the local business environment.   “Through our regional offices, we have been present in Timișoara and Cluj-Napoca since 2008, the regions near these cities remaining the main […]

Remote and hybrid working has provided a short-term productivity boost in most workplaces globally. Those gains have come at the expense of employee trust, with burnout being partially responsible, because a lot of people have not been able to find a balance between their personal life and workload, according to the PwC Future of Work […]

Community investments, taxes and contributions, added value along the entire value chain – these are the main coordinates of Nestlé’s presence in Romania. On the occasion of the 25th anniversary of its activity on the local market, the largest food and beverage company in the world presents the first socio-economic impact study.   “For us, […]

Romania’s Competition Council has approved a transaction whereby Luxembourg-based investment fund AMC Capital IV Group is acquiring the company Agrinatura, which controls multiple agriculture companies in Teleorman County.

Cushman & Wakefield Echinox consolidates the marketing and research teams by recruiting Cristina Lupașcu, with an experience of almost 20 years in media and real estate, as Director PR & Research.   Cristina Lupașcu has worked in the media for 14 years, mostly within the Mediafax news agency, covering the real estate area, after which […]

One United Properties announces that Astellas Pharma will be among the companies relocating their offices at One Tower. The pharma company signed the lease for an office space and its consultant for renting the space was JLL Romania.   Astellas Pharma Inc. is a global pharmaceutical research company based in Tokyo, Japan. Astellas provides medical […]

Real estate consulting company Cushman & Wakefield Echinox consolidates its marketing and research team by appointing Cristina Lupascu for the position of PR & Research as Director.

IT company Cognizant Softvision, the local division of US Cognizant Group, has employed more than 1000 programmers in 2021, who can choose to work from the office, in the towns and cities in which the company has offices, to work from home, from anywhere in Romania, or to adopt the hybrid work model.

Romanian company ABN Systems International, owner of Tellur brand and an integrator and distributor of electronic equipment and telecom accessories, reported total revenue of RON78.7 million (EUR15.9 million) in the third quarter of 2021, up nearly 30% on the year, and a net profit of RON4.27 million (EUR850,000), up over 80% on the year.

Last month Business Review hosted the 8th annual edition of the Foreign Investors Summit, where 20+ top speakers from across all the key industries explored the main elements on which Romania’s competitiveness as an FDI destination will be decided in the near future. Read some of their key points and most insightful quotes and the […]

Austria’s Uniqa Group, which owns in Romania a general insurance division (Uniqa Asigurări) and a life insurance division (Uniqa Asigurari de Viata) ended the first nine months of 2021 with gross underwritings of EUR78.2 million, under the IFRS, up 11.3% from the same period in 2020, while its total net profit stood at EUR3.8 million, up 18.7% on the year.

Danico, a Romanian producer of winter sports clothing held by the Cotfas Family, expects a 15% increase in sales in 2021, considering that three quarters of production represents its own brand Strindberg, and 25% of production in lohn system for brands such as Prada, Moncler, Emporio Armani, Colmar.

Romania’s national commission for prognosis and statistics has revised upwards its forecast on the monthly average net salary for 2022 expecting an increase of 8.9%, compared to an average net salary growth of 7% anticipated in its summer forecast.

The number of housing units sold in Romania in the first 10 months of 2021 was 65% higher than the year-earlier level, but they were not also delivered.

The net profit generated by the entire Romanian banking system at the end of the first nine months of 2021 reached a record high of around RON6.4 billion despite the pandemic, up over 36% from the gain reported for the same period of 2020.

More than 25,000 PFAs (authorized private individuals) were set up in the first ten months of this year, 31% more than in the same period of last year.

Pharmaceutical manufacturer Biofarm Bucuresti plans to double turnover and focus more on exports in the coming years, according to Catalin Vicol, the company’s general manager.

Netherland’s Photon Energy says it is set to start construction of solar energy projects underway in Romania in 2022, with investors’ appetite for renewable power being high amid the high energy prices and the production gap Romania is coping with.

Doctor Eugen Banciu, a stakeholder in Farmaciile Dona, the fourth largest company in Romania’s pharma retail by turnover, wants to strengthen the company locally and says he’s not mulling foreign expansion as Romania holds a lot of growth potential.