Romania | News

Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, got the ok from Romania’s National Defense Council (CSAT) to sell and install 5G networks in Romania.

Italian-held Maschio Gaspardo, which produces farm machinery in Romania in the plant of Chisineu-Cris of Arad county, expects to generate EUR70 million turnover in 2022, after having lifted production capacity by 20% last year, according to Mirco Maschio, chairman of Maschio Gaspardo group.

Multi-platinum selling artist and heavyweight producer, DJ and songwriter Calvin Harris is coming to Romania for an exclusive headline show presented by SAGA Festival and electronic music event pioneers, ALDA.   After having dominated headline slots over the years at the world’s biggest festivals, Calvin will be performing in Mamaia, Romania for the first time […]

Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, owning five hotels in Romania, posted 20-25% higher turnover in February and March along the entire chain from the same period of last year, according to the company’s officials.

LPP group, active in the mass market fashion field, in 2021 generated turnover of around EUR190 million in Romania, 83% higher than in 2020, in line with ZF calculations based on the company’s financial reports.

Screenings of Ukrainian films within the CinemAid Ukraine Charity Film Marathon continue. In total, more than 50 full-length and short .....

The Ministers for Foreign Affairs of Ukraine and Romania, Dmytro Kuleba and Bohdan Aurescu, discussed ways to strengthen bilateral cooperation, Ukraine's membership in the European Union and its economic recovery.

Austrian property developer Immofinanz reported revenues of EUR48.8 million at the end of financial year 2021 from renting its office and retail properties in Romania.

France’s BNP Paribas is interested in selling Cetelem's operations in the region, market sources say. It would like to sell the whole package to a single buyer, but in some cases, there is interest only for one country, such as Romania.

Romania’s mergers and acquisitions (M&A) market recorded 48 transactions in the first three months of 2022, 17% more than in the first quarter of 2021, as per an analysis by consulting firm Ernst&Young (EY).

Nine in ten companies in Romania will invest in staff reskilling and training for their financial departments, as they implement and use new technologies for daily activities, in line with the latest edition of the Deloitte CFO Survey Romania, conducted among over 100 Chief Financial Officers (CFOs) in Romania.

Perfumery chain Douglas, which entered Romania in 2007, continues its expansion in the country and opens three new stores outside Bucharest, in Corbeanca, Targoviste and Alba Iulia. To this end, a partnership has been agreed with real estate developer Prime Kapital, the company said in a press release.

Romania’s new offshore law has been submitted to the Parliament on Friday, Energy Minister Virgil Popescu said.

The 65th edition of the annual international exhibition World Press Photo can be visited this year between May and August.   Present for the 11th time in Romania, the exhibition will get  out of museums and will be exhibited to the public in the centers of eight major cities in the country: Bucharest, Timisoara, Cluj, […]

At the beginning of April 2022, Poland’s software engineering company Spyrosoft Solutions opened a local office in Timisoara (western Romania), within the Vox Technology Park, where it leased 400 square meters of office space.

Women representation in leadership positions recorded progress in Romania over the last years.   Romania reports progress in leadership gender balance, as the number of companies listed on the regulated market of the Bucharest Stock Exchange (BSE) with at least one woman occupying a board position increased by almost 20% since 2015 and reached 62%, […]

OX2 AB, a Swedish renewable energy company that develops, finance, and manages large-scale solar and wind projects, established an office in Romania in 2021 and is now developing a portfolio of wind power projects of 500 MW in Romania.

BAT was Romania’s biggest taxpayer in 2021, with a total contribution of almost 11 billion lei (€2,2 billion) in excise and taxes to the state budget, an increase of over 10% versus 2020.   BAT is also one of the top exporters of agricultural products processed in Romania, with over 60% of the volumes produced […]

Romania’s health insurance market reached RON497 million gross written premiums at the end of 2021, an increase of 10% on 2020.

A total 72,522 housing units were delivered across Romania in 2021, a record level on the local residential market since 1989, which translates into a 7% increase compared to 2020, as per an analysis by real estate consulting firm Cushman & Wakefield Echinox based on statistical data released by the country’s statistics board INS.