Romania Feed

PwC Romania's mergers and acquisitions (M&A) team brokered the transaction through which IT company Arobs Transilvania Software recently acquired local software developer Berg Computers and assisted the seller throughout the process.

Almost three quarters of Romanian business executives believe the country’s economy is bound to worsen in the coming period, per the latest Confidex survey carried out by Impetum Group.

After a long and laborious selection process, Iarina Taban from the Ajungem MARI Association and Eugen Vaida from the MONUMENTUM Association were appointed this year by Ashoka Fellows. They join the other six Ashoka Fellows in Romania (Paul Radu, Dorica Dan, Florin Stoican, Elena Calistru, Ioana Bauer and Carmen Gheorghe) and also the global community of 3,800 social entrepreneurs from […]

Dr. Fischer Dental, which operates on the dental works market of Romania and is controlled by dr. Antoaneta Fischer, raised 5.13 million through a private placement, with the operation completed on the very first day.

Ensana Health Spa Hotels, which owns three hotels in Sovata resort of Mures county, wants to reach accommodation capacity of almost 1,000 beds in the next 3-5 years, with investments amounting to EUR20-25 million, according to the company’s representatives,

Romania registered the biggest growth in the number of newly-established companies in the EU in the third quarter of this year against the previous quarter, in line with Eurostat data.

Romania’s current situation, where wood is the main heating source is an opportunity to expand gas networks, say the representatives of Premier Energy, the third largest gas supplier for household clients.

Farmacia Ardealul, one of the strongest pharmacy brands regionally, will see a 7-8% increase in 2021 against 2020 on recent months’ rising sales in pharmacies, according to Ilie Echim, the company’s founder.

Romanian software development company Softbinator Technologies want to expand its physical presence in several US states, as well as to other states with a strong innovation scene, as the company has already opened an office in California, explained Daniel Ilinca, the company’s CEO and founder.

Greek toy retailer Jumbo, which has opened 14 stores in Romania since 2013, saw its revenues rise by 34% on the Romanian market in the first six months of 2021 against the year-earlier period, to EUR72 million (RON350 million), in line with the company’s financial report.

Burger King Romania, operated by AmRest, one of the largest European restaurant and food service platforms, announces the expansion of its range of chicken products by launching a new product – King Wings, American-style cooked chicken wings. The new product is available in all 9 Burger King restaurants, as well through partner delivery apps – […]

„Magia de acasă” (The home magic) is the new communication platform for the cora hypermarket in Romania, part of the brand’s global strategic repositioning process. By Romanita Oprea   cora has been working on recalibrating its mission and role for more than an year through a complex collective intelligence process that meant that the whole […]

ZebraPay, the leader of the local ATM market, with over 6,000 SelfPay payment stations nationwide, has contracted a loan of EUR0.5 million from lender Banca Transilvania.

v8 announces that Andrei Dragu becomes Chief Operations Officer within the team, after 5 years Business Development Director. The announcement was made after Adina Stănescu took over the position of Creative Director of the agency. By Romanita Oprea   With 15 years of experience in business, marcomm and advertising, Andrei Dragu took over, from September […]

The Buy Now Pay Later (BNPL) service is becoming a financial solution that more and more online and offline customers are interested in.  Introduced in Romania by the fintech Revo Technologies, Mokka service provides Romanian retailers an instant solution to customers’ purchases, without filling in documents and available on all sales channels. BR talked with […]

The European Bank for Reconstruction and Development (EBRD) has invested EUR10 million in a EUR48 million sustainability-linked bond issued by Autonom Services, a Romanian car leasing and rental company.

Nearly three-quarters (73%) of companies are concerned about the way labor and skills shortage will influence their business strategy within the next 12 months, slightly higher than the share of those which are concerned about the pandemic evolution, such as future COVID-19 variants (70%), according to the latest CEO survey conducted by Deloitte and Fortune magazine.

Finland’s Kone, a global leader in the elevator and escalator industry, has leased 1,230 square meters in the urban regeneration project West Business Campus located in the western part of capital city Bucharest.

Enel X, the Enel Group’s advanced energy services business line, and Mastercard held today a ribbon cutting event to inaugurate the FinSec Innovation Lab in “Gav-Yam Negev” Hi-tech Park in Be’er Sheva, Israel. The FinSec Innovation Lab focuses on advancing innovation in fintech, with the aim of turning ideas and solutions generated by innovative Israeli startups into commercial […]

DentalMed, one of the most important players in the private dental services market in Romania, opened the second clinic of the network, in the center-north area of the Capital, following an investment of approximately 2 million euro.   DentalMed Clinic PRIMAVERII is organized on 2 levels, cumulating an area of 450 sqm, as well as […]