Euro Tower, a Class A office building owned by Cascade Group in capital city Bucharest, has officially become the first LEED Zero Carbon certified building in Romania.
German semiconductor manufacturer Infineon Technologies is enhancing its presence in Romania by opening a research-development (R&D) center in Iasi (north-eastern Romania) where engineers will design chips for the automotive industry.
Information Technology (IT) remains one of the privileged sectors in Romania terms of salaries, with the majority of IT employees (32.6%) earning between RON4.000 and RON7.000 per month and 21% between RON7.000 and RON10.000 per month, as per data collected by Salario, a platform developed by Recruitment website eJobs.
The national statistics institute INS on Wednesday (Oct 12) revised Romania’s economic growth slightly lower to 5.7% both in unadjusted data and in seasonally adjusted data for the first half of 2022 as compared to the same period in 2021, in line with provisional (2) estimates.
German retailer Kaufland and Ultragreens, a Romanian producer of microgreens and aromatic plants, are inaugurating the first vertical greenhouse in Romania, which entailed an investment of EUR350,000 and whose production will be entirely distributed for sale in the retailer’s stores.
The INVL Renewable Energy Fund I managed by INVL Asset Management has concluded an agreement on the acquisition of a solar photovoltaic (PV) park project in Romania with a capacity of 174 megawatts (MW).
Scandinavian furniture and home products retailer JYSK is continuing its expansion in Romania by opening a new store on Thursday (October 6) in the locality of Motru (Gorj County).
Romania records an energy loss to operators and consumers of almost 50% of the entire production and the bulk of losses is due to energy inefficiency in buildings, Dumitru Chisalita, President of the Intelligent Energy Association said at the launch of the Pact for Clean Energy Resilience in Romania.
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro, small and medium businesses (MSMEs) in Romania.
Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set by the country's Government, according to the World Bank’s Regional Economic Update.
Banks have seen the highest growth in customer satisfaction scores this year and have become the leader in terms of customer satisfaction and experience in Romania, outranking grocery retail, which was last year’s leading industry, as per the second edition of The McKinsey Customer Experience Romania Survey.
Nuclear power producer Nuclearelectrica and Nova Power & Gas launch RoPower Nuclear, the project company for the development of small modular reactors (SMRs) in Romania, on the site of the former coal-fired power plant in Doicesti, Dambovita County, Nuclearelectrica said in a stock market report on Wednesday.
Germany’s do-it-yourself (DIY) retailer Hornbach is expanding its Romanian store network by opening its ninth unit, in Constanta (south-eastern Romania).
The European Bank for Reconstruction and Development (EBRD) on Wednesday (Sept 28) revised upwards its forecast on Romania’s economic growth to 5.4% in 2022 from a previous projection of 2.5%, which translates into an increase of 2.9 percentage points.
Romania is a strategic market for Spanish-owned Glovo, as more than 10% of the global virtual stores operating under the Glovo Express brand in the group's network are located locally, says Daniel Alonso, vice president of Glovo's quick commerce division. In fact, the Romanian office is a regional hub.
Cluj-based software development company RebelDot is opening its third office in Romania and the company’s main head office, in Cluj-Napoca, within the Buftea Business Center, adapted to the hybrid way of working.
The most in-demand jobs in the IT industry in Romania are interface developer, software engineer, security specialist, big data analyst and quality assurance specialist, according to Undelucram.ro, the largest online community of employees in Romania.
Romania’s insurance market reached a volume of underwritten gross premiums of RON8.76 billion in the first half of 2022, up 44% compared with the year-ago period, the country’s Financial Supervisory Authority (ASF) said in its latest report on the evolution of the insurance market.