Romania Feed

Starting with March 1, 2021, Dragoș Călin takes over the position of General Manager for the  Freight Forwarding Division of Delamode Romania and Moldova from Cosmin Rusu, who led this division for the last 9 years. Dragoș Călin takes over the position of General Manager after 12 years of top management at Kuehne + Nagel […]

The Golden Bear for best film at the 2021 Berlin International Film Festival went to the Romanian director Radu Jude’s Bad Luck Banging Or Loony Porn/ Babardeala cu bucluc sau porno balamuc.   The movie is a social satire and stars Katia Pascariu as a school teacher who finds her career and reputation on the line after […]

MedLife (M.RO), the leader of the private medical services market in Romania, said Friday it has completed the acquisition of the Veridia Medical Center in Bucharest, known as Basarab Medical Center.

The impact of the pandemic, felt more brutally in the case of small companies. Half of the managers claim that they have been affected by Covid-19, and business decline is twice as large as in the case of large companies.   Companies with a turnover of less than EUR 100,000 per year have felt more […]

The Romanian printer market increased by more than 36% in volume last year, driven by the surge in demand for home printers, following the shift to working from home.

Romanian apparel manufacturer Braiconf Braila (BRCR.RO) plans to relocate its factory in Braila and sell the factory's 10,000-square-meter land to retailer Kaufland for over EUR7 million.

Gherla (Cluj County) based furniture manufacturer Sortilemn posted RON154 million (EUR32 million) revenue in 2020, 6% lower than in 2019, largely due to the decline in orders during the lockdown, the company said.

Romanian state-owned energy utility group Electrica (EL.RO) on Friday reported a consolidated net profit of RON388 million for 2020, 87.5% higher compared with 2019.

Romanian lawmakers have rejected a bill that sought to cap interest rates on mortgage and consumer loans to at most 50% above the central bank benchmark rate.

Almost 60% of the lenders in Romania (20) posted profit in 2020, while 14 were in the red, Romania’s central bank data show.

Restaurant group Sphera Franchise group, which holds the KFC, Pizza Hut and Taco Bell franchises in Romania, and is developing the KFC brand in the Republic of Moldova and Italy, saw its online orders rise during the pandemic. The sales channel gained ground in 2020 and accounted for a greater share of the business.

Overcoming the pandemic safely is the primary goal of REGINA MARIA Healthcare Network, which develops solutions in real time. Following the evolution of incidence rates among patients under 18 years of age and guided by international studies on children and adolescents who have overcome the acute stages of SARS-COV-2 infection, REGINA MARIA has designed a […]

The whole world is celebrating the birth of vaccinations against COVID-19. Achieving widespread vaccination also poses a new challenge to countries’ health systems. To deliver the vaccines, SAP offered custom-developed systems that had already made their successful debut in Germany in early January.   In order to achieve their large-scale immunization targets so that restrictions […]

Romania's finance ministry on Thursday raised 461 million lei (EUR94.5 million), above its RON400 million target, selling bonds maturing in June 2023 at an average yield of 2.24% a year, central bank data showed.

Poland's Citronex group will build greenhouses to grow tomatoes in Targu Jiu, southwestern Romania, on a surface of 50 hectares, local authorities said.

CA Immo has renewed the lease contract with Sony for another five years, thus becoming one of the longest leases in Bucharest Business Park.     “Sony considers employees to be among its most important stakeholders and views them not as a group, but as individuals. The quality of workplace remains vital especially in this […]

Nordis Group, a local real estate developer specialized on luxury properties, announced it is investing EUR31 million in a mixed-use project totaling 14,000 square meters in Brasov, central Romania.

Prima Development Group, a real estate developer based in Oradea, announced Thursday it has completed Boemia Apartments in Bucharest, a boutique-style residential project, following an investment of EUR8.5 million.

Romanian regional investment fund Evergent Investments (formerly SIF Moldova) seeks to buy back approximately 8.3 million of its own shares at a price of RON1.6 per share, it said in a market report Thursday.

After Romania became the first foreign market in which the Portuguese digital archiving company EAD – Empresa de Arquivo de Documentação SA expanded in, Business Review wanted to sit down with EAD Digital Romania’s first CEO and COO, Bruno Amaro and Liviu Zamfir respectively, to find out the background and the future plans for this expansion. What resulted was an […]