Romania Feed

Leszek Wacirz, country manager at Nestle Romania, says the company wants to double its activity locally in the next 5-10 years, both through organic growth, through the product mix and via potential mergers and acquisitions.

Furniture retailer Ikea, which has two stores on the local market, both in Bucharest, is considering developing smaller stores in Romania, like the group already has on other markets, and is also considering new pick-up points in the country.

Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange, BVB.RO) on Monday evening informed investors that its Board of Governors decided to extend the mandate of CEO Adrian Tanase in the meeting on November 19, 2021. The mandate was due to expire on January 23, 2022 and was extended until December 31. 2022.

Electroglobal Cluj, a supplier of electrical solutions and equipment for industrial automation systems and lighting systems, will take over the operations of ES Elektro Romania, part of the Dutch group itsme, by the end of this year.

Romania’s Finance Ministry reopened a bond issue due in October 2027 and raised RON700 million from banks on Monday (Nov 22), above the targeted level of RON500 million, at a yearly yield of 5.11%.

French retailer Auchan continues its partnership with OMV Petrom and expands the network of MyAuchan stores in Petrom filling stations, which is set to reach 125 units until the end of 2021, as compared to 100 units in November.

Restart Energy Innovative Technologies AG (REIT) is launching the first sustainable STO on the Swiss Blockchain Platform DAURA. REIT AG is raising 7.99 MN CHF by offering digital participation certificates on the blockchain using SWISSCOM backed DAURA platform.   The funds will be used for acquiring operational renewable assets and developing downstream energy supply business […]

With almost 25 years of experience in the HoReCa industry, Ioan Mătieș is the new General Manager of the JW Marriott Bucharest Grand Hotel as of 15 October 2021. He replaces Tino Lindner, who has managed the hotel for the past three years. In his new role, Ioan Mătieș aims to continue the execution of […]

Romania is represented with 56 companies, fewer by two firms than in the previous year, in a ranking of 500 largest companies in Central and Eastern Europe (CEE) compiled by Coface rating agency based on 2020 financial data, placing the country fourth in the region.

The Romanian Diversity Chamber of Commerce (RDCC) organization is bringing together some of the most influential institutions, companies and key people from the business and public sector in Romania, for the online conference “Business Helps Stop Violence against Women” that will be held on November 25th, 2021.   Luminița Popescu, State Secretary, ANES (the National […]

The operational framework of monetary policy consists of the whole set of tools and procedures by which the central bank implements monetary policy in order to achieve its fundamental objective, which in the case of the National Bank of Romania (NBR) is ensuring and maintaining price stability. By Leonardo Badea, Deputy Governor of the National Bank […]

In this latest installment of the #25×25 Interview Series, a special editorial project powered by Schoenherr si Asociatii SCA, Business Review talked to the owners of  Consolight, a family-owned company celebrating 25 years on the market: Consuela Popa (Administrator) and Ionut Popa (CEO).   Starting with a bit of historical background, what can you tell us about your company’s […]

Ioan Maties, boasting a 25-year experience in the hospitality industry, was appointed to the position of general manager of JW Marriott Bucharest Grand Hotel, starting October 15, 2021.

The 8th edition of Business Review’s Foreign Investors Summit brought together representatives of large companies, consultants, legal advisors, and strategic investors on the Romanian market to debate key topics related to foreign investments and discuss the top concerns of people who do business in Romania. By Aurel Constantin   The pandemic wiped out most of […]

Romania ranks 44th out of 168 countries, climbing one position in the global ranking, but continues to be surpassed by all the other EU member states, according to the 2021 Social Progress Index, which analyzes the quality of life and social wellbeing and is conducted by the non-profit organization Social Progress Imperative with the support of Deloitte. Romania registers a score of 78.41 points out of 100, slightly higher than last year, which places it among the ranking’s third category countries, after Argentina, Hungary and Bulgaria.

Education is certainly the key civilizational component of paramount importance. Nevertheless, civilization has been affected by COVID-19 on a global scale and in so many ways. Similarly, education is yet another crucial aspect of our lives that has been significantly impacted and thus changed. E-education has certainly reached the apex at the current time due […]

French hotel group Accor, one of the world’s largest players in the hospitality sector, is expanding its portfolio in the region by signing an agreement for the construction of the first hotel under the ibis Styles brand in Chisinau, the Republic of Moldova.

Romania ranks 44th out of 168 countries, climbing one spot in the global ranking, but continues to be surpassed by all the other EU member states, according to the 2021 Social Progress Index (SPI), which analyses the quality of life and social wellbeing and is conducted by the non-profit organization Social Progress Imperative with the support of Deloitte.

The covid-19 pandemic has had a transformative impact on companies across the world, having forced many of them to re-evaluate their entire business models. With the help of vaccines, we can hope for a return to a normal life in 2022, but until then, businesses must find a way to at least survive, if not […]

The shares of One United Properties (ONE.RO) and Transport Trade Services (TTS.RO) will be included in FTSE Russell indices for Emerging Markets, FTSE Global All Cap and FTSE Global Micro Cap, respectively, starting December 20, 2021.