Romania Feed

The current generation of entrepreneurs is less willing to hand over control of their companies to their heirs than they were before the pandemic. That is making it harder for the next generation (NextGen) to prove themselves as new leaders, according to PwC’s global NextGen Survey 2022.

Under the pressure of the pandemic and the economic tensions generated by the crisis in Europe, Romania’s chief executive officers (CEOs) must find ways to keep their companies in balance, from reshaping portfolios to redefining their organization’s entire ecosystem.

Following its Annual General Meeting of Members (AGM), held on March 23, 2022, the American Chamber of Commerce in Romania (AmCham Romania) has announced its new Board of Directors for the March 2022 – March 2023 mandate.

Smartree Group, the strategic partner that offers integrated human resources services and software solutions, on Tuesday said it ended 2021 with a turnover of RON123 million, up 17% on the year, and a profit of RON5.3 million, up 35% from 2020; the increase is partly due to the new technology innovation division of for HR processes.

The Bucharest Stock Exchange announced that Brikston Construction Solutions returns on the capital market as an AeRO Listed Company on Tuesday, March 29.

Greenfield foreign direct investments (FDI) will remain low, business services investments will flourish, and new projects could arise in the context of covid shortages and the National Recovery and Resilience Plan. These are the most important foreign direct investment trends Romania should keep an eye on this year. By Claudiu Vrinceanu   Greenfield projects stagnating […]

Financial analysts expect the Romanian leu will depreciate to an average of 5.1029 units to the euro in the next 12 months, while inflation is seen averaging 7.28% during the same period, a monthly poll by CFA Romania showed Tuesday.

The glimmer of hope for a move to a more positive post-pandemic world for consumers has been hit with growing economic uncertainties in the past few months, diminishing consumer confidence once again, according to the latest EY Future Consumer Index.   The ninth edition of the quarterly global survey of 18,000 consumers, conducted in February […]

The effects of the pandemic, the “Great Resignation” global phenomenon at various levels of management and currently the regional challenges in the context of the Ukraine conflict – these are just some of the challenges of large companies active in Romania in the recent years.   These and other factors related to the internal pressures […]

Smartree, the strategic partner that offers integrated human resources services and software solutions, announces last year’s financial results, as well as the main development directions for 2022.   Therefore, in 2021, the turnover exceeded 123 million lei, increasing by 17% compared to the previous year. This increase was partly due to the new technology innovation […]

Fintech and blockchain are taking the financial industry by storm. This summer, between the 13th and 14th of July 2022, Oradea, the heart of Central and Eastern Europe, will become ground zero for innovation in financial services.   Bankers, financial institutions, regulators, startups, investors, and all other key stakeholders of the ecosystem will come together […]

Destine Holidays, part of Destine Holding, a group of firms with EUR130 million turnover, controlled by Romanian entrepreneurs, plans to open three new branches by end-May and thus reach 12 units, but the company’s representatives plan to increase their number fourfold by 2024.

Sergiu Cadar, CEO of Somproduct, a local furniture and home décor retailer, says the company is betting on expansion during this period, both with the aid of physical stores and via online platforms.

Turkish-held Tosmur Grup, a group with farming activities, has invested EUR78 million in building a starch plant in Medgidia on a ten-ha area, set to employ 200 people.

Sonimplex Topoloveni, the company that owns Magiun de Topoloveni brand, carries out its entire production in Topoloveni and has invested over EUR1 million in its current warehousing and production capacities.

The EUR5 million investment plan Czech group Packeta announced in Romania for 2022 is likely to suffer some changes amid the Ukrainian war and its fallout, said Alexandr Jeleascov, CEO of Packeta Romania.

In conjunction with the present economic crisis, gold is increasingly being referred as the best “defensive asset.” Investors frequently sell equities in order to purchase precious metals to defend their portfolio from the imminent drawdown, or not only in order to survive the stock market volatility, but also in order to protect themselves against inflation. […]

Hidroelectrica, Romania's largest electricity producer and the most profitable state-owned company, has budgeted total revenue of RON7.4 billion for 2022, up 11% from 2021, while net profit is estimated at RON2.9 billion, down 8% from RON3.16 billion in 2021.

Romanian e-commerce platform Gomag recorded more than EUR2 million revenue at the end of 2021, up by about 45% compared with the previous year, and expects similar growth in 2022, the company said in a news release.

Romania’s Finance Ministry reopened a bond issue due in January 2028 and raised RON363.5 million from banks on Monday, RON163.5 milion more than the planned RON200 million, at an annual yield of 6.29%.