Romania Feed

Passenger traffic on the Timisoara International Airport declined by 70.5%, down to 470,631 passengers in 2020, compared with 1,595,012 passengers in 2019, the airport said in a statement Tuesday.

Dragos Constantinescu, head of URSUS Breweries, was appointed President of the Romanian Brewers Association.

Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show.

New car registrations in Romania fell by 21.8% in 2020, to a total 126,351 units, placing the country 15th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Tuesday.

Logistics and parcel delivery company DHL Express Romania ended last year with double the e-commerce revenue compared with 2019. DHL Express Romania also posted growth of 20% in revenue, driven by higher e-commerce volumes.

Modern retail chains in Romania are preparing to open 400 new stores in 2021 and spend EUR700 million to EUR800 million on expansion, on upgrades and logistics, ZF has found from the data they supplied.

Art Safari, the biggest art event in Romania, marks the National Day of Culture and celebrates top Romanian painters with 10 short films series: Masters of Romanian Art.   Fascinating, little-known stories about some of the biggest artist in Romanian art history are available on Art Safari Bucharest Facebook page, starting January 15. “We tell the forgotten […]

Romania's finance ministry on Monday raised 801.7 million lei (EUR164.5 million), versus its RON500 million target, selling bonds maturing in September 2031 at an average yield of 3.09%, central bank data showed.

Uncertainty, redefining the strategic plan and managing change on all fronts have led to an adaptation of the role of Sales Director, regardless of industry.   Amrop, one of the largest executive search companies globally, interviewed 5 B2B Sales Directors from Romania about the challenges they encountered and the trends they noticed throughout 2020. The […]

Perry V. Zizzi, who leads Dentons’ local office, talks about the legal market trends and evolutions, and how the firm is adapting to the new reality in a new BR exclusive interview.   Which sectors have seen most activity in Romania in 2020? It has been an unusual year. While the office sector of real […]

With lockdown measures still in place across Europe, we have all been turning to other activities to keep ourselves busy. This includes getting creative with hobbies such as painting, pottery, knitting and sewing. Interested in discovering which creative hobbies are the most popular within Europe, experts at Homedit.com used Google Ads’ keyword planner to discover […]

Romanian competition authorities are looking into Polish investment fund Innova Capital's acquisition of the local operations of UK's PayPoint in a EUR50 million deal.

The media market in Romania decreased by 2.7% on the year in 2020, to EUR467 million, but is seen growing 4% in 2021, to EUR485 million, backed mostly by media investments in digital and TV, according to the latest Media Fact Book report by media agency Initiative.

CMS Romania is pleased to announce that Andrei Tercu has been promoted to Tax Director as of January 2021. Andrei joined the CMS team 5 years ago and has 13 years’ professional experience in the tax field, previously working with a Big 4 firm and with another specialist consulting company. Horea Popescu, Managing Partner of […]

Romanian business software solutions provider Softelligence expects its revenue to grow by up to 30% in 2021 and to extend its team by at least 60 new employees to be recruited throughout the year.

A new study conducted by Coface Romania on the sector of “Retail with Pharmaceutical Products in Specialized Stores” (NACE 4773) indicates a positive evolution of revenues in 2019, which increased by approximately 8% compared to 2018, with a slightly higher profitability. The study aggregated the data of 3,999 companies that submitted their financial situation for […]

Social media has grown over the years. From only 5% of US adults in 2005 to 79% in 2019, we can see how social media shaped our society. Even on the global stage, the speed of growth is striking. Facebook has grown from only 1.5% of the world population in 2008 to 30% in 2018.  […]

Romanian seamless steel pipes manufacturer Tenaris Silcotub has completed the certification process for its new production line intended for the automotive industry.

Creating a brand might be the most important thing today when it comes to getting recognition. This can mean anything from a business to a social media following, but whatever it is, brands are the new logos and names that people associate with. If you take a second to think about it, you’re bombarded with […]

Romania has lowered its economic growth projection for 2021 to 4.3%, from a previous forecast of 4.5%, according to a forecast of the National Strategy and Prognosis Commission.