Romania Feed

The surge in demand for toys in 2020 as the pandemic kept people indoors led to a rise in the sales of the companies in this business, and Lego even posted 13% growth globally, the company’s report shows.

The average net salary in Romania declined 6.2% in nominal terms and 7.4% in real terms in January compared with December 2020, to 3,395 lei (around EUR695), data from the country's statistics board showed Friday.

Romania's trade balance posted a deficit of EUR1.193 billion in January, lower by EUR124.6 million compared with January 2020, data from the country's statistics board showed Friday.

Hakim Boutehra, who in August 2016-February 2021 ran Renault Commercial Roumanie as general manager and then served as general manager of Renault South Eastern Europe took the position of managing director with Stellantis for Algeria, Tunisia and Libya, based in Morocco, last month.

Dental clinic chain Dr. Leahu reported total revenue of over RON59 million in 2020, up 18% on the year, and a net profit of RON3.1 million, up 7.5% on the year.

Construction works are advancing at a fast pace for IULIUS Group’s Palas Campus in Iași, the largest investment (€ 120-plus million) developed during the pandemic. Works are currently underway for the structure of the 4th of the total 6 floor in the mixed-use project combining premium office space, services and food & beverages retail with […]

Giant Amazon will have a majority presence in Palas Campus, a project worth EUR120 million of Iulius Group, which is to become one of Amazon’s most powerful centers in Europe.

One year after COVID-19 was declared a pandemic, CEOs are voicing record levels of optimism in global economic recovery, with 76% of global business leaders predicting an improvement in global GDP in 2021, according to PwC’s 24th Annual Global CEO Survey.   “After a year of uncertainties and economic difficulties during which they had to […]

Today, Uber will become available in Craiova, the most important cultural, historical and economic center in the Oltenia region, making it the seventh city in Romania where the service is extending.   Starting today and up to March 14th, new users in Craiova can use the discount code HELLOCRAIOVA for 25% off on their UberX […]

10 people to watch in 2021 2020 marked a significant milestone for the global business environment and humanity at large. It was one of the most challenging periods in recent history and it forced managers to adapt quickly in order to keep their businesses afloat. Many of them had a double and crucial mission: keeping […]

The number of 1 million vaccinated people has just been reached in Romania, but the questions regarding the benefits and safety of vaccines, as well as the dynamics of the post-vaccine immune response have not yet been fully answered. REGINA MARIA Healthcare Network is announcing the first results of a study evaluating the post-vaccinal immune […]

Leading outlet developer FASHION HOUSE Group welcomes two of the most famous American premium brands to FASHION HOUSE Outlet Centre Militari.   Tommy Hilfiger and Calvin Klein have taken nearly 350 sqm in the Outlet Centre and both shops will offer visitors a wide range of premium fashion items such as clothing, footwear and accessories […]

Search engine optimization is in constant development. The global pandemic of 2020 has influenced almost everyone and everything in the world, not excluding SEO. COVID-19 resulted in significant changes when it comes to internet searches and traffic.   It has boosted many online retail businesses as well as credible sources of information. A lot of […]

According to Starcom Romania’s Tech Trends 2021 study, the digital environment was significantly useful last year, helping Romanian consumers to maintain a sense of normality in their lives. All age groups were present in the digital environment in 2020, and about 70% of Romanian consumers said they were interested in technology. The new study is […]

Real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, has summoned its shareholders on April 15 to approve the proposition of the company’s Executive Board to distribute the amount of RON10.5 million from the 2020 net profit as dividends, per a stock market report.

VisionApartments has signed the purchase agreement of the former Ramada Bucharest Majestic Hotel today. The property, located on Calea Victoriei, in an emblematic tourist area of Bucharest, features 111 rooms on five floors and offers a vast variety of additional facilities. Anja Graf, CEO, and Chairwoman of VisionApartments is thrilled to announce the successful acquisition […]

Top Line celebrated 25 years on the Romanian market, a period of time in which created and perfectioned the local beauty industry, by distributing technologies and top products for clinics and beauty salons and creating generations of specialists in this field of activity. BR talked with Diana Baicu, general director at Top Line, and found […]

Hotel transaction volume in Romania declined 87% in 2020, to around EUR9.5 million, from EUR75 million in 2019, as the pandemic put investor activity on hold and many sellers postponed their planned sales, real estate consultancy company Cushman & Wakefield Echinox said in a report Thursday.

Romanian entrepreneur Cristian Pandel, founder of Memento Group, which includes tour operator Christian Tour, and Lucian Aldescu, founder of delivery firm Pegasus and former CEO of DPD Romania, have launched a new courier service company, Memex.

Aaylex Group, owned by entrepreneur Bogdan Stanca, which produces and sells poultry meat under the Cocorico brand, has invested EUR15 million in a new production unit to produce all-natural chicken sausages.