Romania Feed

Kostas Papagiannis takes over the general manager position of MSD Romania starting February 1. In the new role, he will focus on further developing the company’s presence in the local market, as well as creating sustainable solutions to increase patients ‘access to innovation and improve patients’ quality of life.   For the past three years, […]

Registrations of road vehicles for passenger transport in Romania dropped 2.5% and registrations of freight transport vehicles grew 11.1% on the year in the fourth quarter of 2020, data from the country's statistics board showed Thursday.

The ten most active brokers at the Bucharest Stock Exchange intermediated deals worth a total RON2.2 billion, in January 2021, up 17.7% from the same period in 2020, but below the 2019 level, ensuring a combined market share of 90.74%, per calculations by Ziarul Financiar (ZF) based on stock market data.

Technical textile manufacturer Techtex seeks to develop partnerships on the US market, after getting its products approved by the country’s Food and Drug Administration (FDA).

December 2020 came with last year’s highest level of new corporate loans in lei, as well as the 14-year monthly high, RON4.7 billion. The growth of new corporate loans in lei in December 2020 was almost RON2 billion or 71.8% compared with December 2019.

The Board of Directors of OMV Petrom proposes the company’s shareholders a gross dividend of RON0.031 per share for the 2020 financial year, same as for the financial year 2019.

OMV Petrom Group ended 2020 with sales revenue of RON19.7 billion, down 23% versus 2019, following negative evolution of the commodity prices and lower sales volumes for petroleum products and electricity, and a net profit of RON1.29 billion, down 64% from 2019, according to the earnings report released Thursday.

Greek-held builder Aktor, which specializes in infrastructure projects, has increased its Romanian revenue by 67% to RON435 million in 2020.

Telecom operator Orange said it would open nine Orange 5G laboratories, which will enable developers and players on the global market to implement the projects based on 5G technology, according to company representatives.

Once again, the year 2020 confirmed the importance of the health system within the ecosystem of any society. The pandemic has generated a change of vision in the way companies and individuals choose to protect their health, showing special interest to medical packages for prevention.   Companies have invested significantly in employee health, particularly since […]

Students from high schools with a technological profile from all over the country have the opportunity to discover their potential and be guided to begin a career in the technical field. The non-governmental organization Școala de Valori supports students from technological high-schools and starts the enrollment process for the “Academy of Technical Careers”, a project […]

Real Estate has continuously been an element of attraction for foreign direct investment and one of the five vectors since the beginning of the 21st century. In Romania, most of the largest real estate investors are foreign. The notable exceptions are the Paval brothers of Dedeman, and Iulius Imobiliare, with the latter having a foreign […]

Romanian entrepreneur Andrei Ursachi launched Stailer, after an investment of EUR 100,000. Stailer is a marketplace platform connecting beauty services providers with clients. For businesses, this means access to new customers, while not having to worry about the logistics of running an online booking system.   “I have been looking for a long time for […]

Banks in Romania could register an estimated loss in banking revenues after risk of around RON 58 billion by 2025, due to risk costs and decreased volumes, compared to the revenues that were expected before the pandemic – according to the latest research by McKinsey&Company Romania.   Banks are likely to face a two-stage challenge in […]

XXXLutz, the second largest furniture retailer in the world, enters the Romanian market and opens, on February 3, 2021, 2 XXXL stores, in Bucharest’s Militari and Pallady areas.   The process is part of the expansion strategy of the Austrian group XXXLutz, which, in December 2019, took over all of the kika subsidiaries in Eastern […]

Global foreign direct investments (FDI) collapsed in 2020, with a decrease of 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to an UNCTAD Investment Trends Monitor, as the coronavirus pandemic and lockdown influenced economic activity. By Claudiu Vrinceanu   Such a low level was last seen in the 1990s and is […]

A third of musicians could leave the industry due to the financial losses brought on by the coronavirus pandemic, a report cited by NME says. The research was carried out by the Musicians’ Union, who are calling on the UK government to provide greater assistance to those affected in the industry. By Romanita Oprea   The new […]

It’s time for a new #HRSpotlight interview, the fifth of the revamped 2021 series. In this episode, Luiza Müller, HR Director at Orange Romania, returns after her initial HR Spotlight interview, to sum up 2020 and explore the trends of 2021.   2020 Overview: the most important actions and programs in your organization? In a nutshell, […]

The World Economic Forum’s Davos Agenda, which recently took place online, has mentioned in one of their topics related to systems social entrepreneurs a Romanian solution as an ally for governments in tackling the challenges societies face.   According to World Economic Forum,  “systems social entrepreneurs” are actors who develop innovative approaches to persistent, complex […]

The number of real estate deals in Romania stood at 48,736 in January, 28,619 fewer than in December 2020, data from the national cadaster agency ANCPI showed Wednesday.