Romania Feed

The Cubix hotel in Brasov, central Romania, will join the Mercure network under a franchise agreement with French group Accor.

Keeping communication infrastructures running smoothly was one of the most challenging operations of 2020. Romania did very well in this sense, as the huge number of people working from home encountered no issues with their data usage or voice calls. One major external acknowledgement of this fact was the CTO of the Year 2020 award, […]

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Monday reported a net profit of RON114 million for 2020, up 18% on the year.

Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, has budgeted EUR257 million revenue for 2021, an increase of more than 13% on the EUR227 million of 2020.

Nine office space projects, with at least 9,000 square meters each, will be delivered in 2021, real estate consultants say. The largest building to be delivered this year will be the first phase of the One Cotroceni Park and inauguration will take place one year from the inauguration of the new subway to Drumul Taberei.

Online commerce, which has been on the rise in the last few years, surged last year as the pandemic made people order and buy more products over the Internet. The parcel delivery industry, one of the winners of this crisis had to cope with high volumes last year, which led to significant rise in revenue.

February is an opportunity for brands to promote their products or services with various holiday promotions, whether it’s Valentine’s Day or Dragobete. Reveal Marketing Research conducted a study that analyzed the impact of these campaigns on the Romanian public, as well as what kind of approach is more appreciated: the emphasis on local or international […]

Continuing its mission to encourage a responsible lifestyle, Auchan Romania becomes the first local retailer to implement a comprehensive social responsibility project focused on the circular economy of clothing, a project already taking place in Western countries. Thus, in addition to the clothing collections already present in Auchan hypermarkets, the retailer begins to also integrate […]

PPF Real Estate, one of the largest developers and investors with real estate assets exceeding 2 billion euros globally, announces six new leases, totaling 6,000 sqm of office space, in the A + class office buildings in Bucharest – Metropolis Center and Crystal Tower. The new tenants, Ceetrus Romania, Editec and Reckitt Benckiser, occupy almost […]

The Romanian insurance market reached in 2020 a volume of gross written premiums of RON 11.5 billion, increasing by 5% compared to the previous year.   Last year, in the general insurance segment, the value of gross written premiums reached RON 9.28 billion, an increase of 6% compared to 2019. At the same time, gross […]

CTP, CEE’s largest logistics property developer announces 15% annual growth to reach €344 million of annualised rental income[1] by the end of 2020. With a portfolio of 6.3 million m² and 740 thousand m² under construction at year end 2020, CTP solidified its position as the largest logistics property owner and developer based on GLA […]

Datacor, the Romanian integrator of intelligent communications and infrastructure solutions, aims to offer more sustainable and energy efficient solutions for data centers in 2021 and to encourage companies to align with new technologies for cooling solutions.   “Lately, more and more attention is being given to reducing electricity consumption. Many companies wish to comply with […]

Romania's financial supervisory authority has registered the securities related to the share capital increase of MedLife (M.RO), the leader of the private medical services market in Romania, the company said Friday.

The pharmaceutical market in Romania grew 1.3% in 2020, to RON18 billion (EUR3.7 billion), while medication sales in volume stood 625 million packs, the same as in 2019, Cegedim research showed Friday.

The December issue of Business Review Magazine is out! Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you your copy.   In this issue: WHO’S NEWS: Mihai Bordeanu (Dacia); Dr. Florinela Cirstina (Medicover); Violeta Luca (Microsoft); Marian V. Popa ( Globalworth); Valentin Vasile (Schneider Electric); Main Cover Story: […]

The current disruption of the European hotel industry will continue until mid-2021 and the recovery period will be significantly longer, as 51% of hospitality owners, lenders, developers and investors expect to reach again the 2019 performance levels in 2023 and 20% believe it will not be until 2024 and beyond, according to the latest edition […]

VARD, one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that Vard Braila and Vard Tulcea shipyards will be brought under one roof as from June 30th, 2021 to become a more supple and efficient organization. The process of integrating the two yards has been launched based on a […]

HP Inc. unveiled HP Amplify™ Impact, an industry-first partner assessment, resource and training program aimed at driving meaningful change across its three Sustainable Impact pillars – Planet, with an emphasis on climate change; People with an emphasis on human rights and social justice; and Community with an emphasis on bridging the digital divide. Partners that […]

Retailer cora Romania, part of French-Belgian group Louis Delhaize, is launching its cora Urban convenience store format, tapping a retail segment that has seen increased activity amid pandemic-related restrictions.

Romania's natural gas transmission company Transgaz (TGN.RO) said in a market report Friday that Allianz SE, parent company of Allianz-Tiriac Pensii Private, has exceeded the 5% holding threshold on February 8.