Romania | News

Romania has implemented the temporary protection mechanism for citizens coming from Ukraine, approved by the European Commission at the beginning of March 2022, through the EU Decision 2022/382. Opinion article by Raluca Bontas, Partner, and Mihaela Vechiu, Manager, Global Employer Services, Deloitte Romania   Thus, people who arrive in Romania, eligible to obtain temporary protection […]

Dutch computer services firm Getronics NV Getronics is expanding its presence in Romania by opening a new office in capital Bucharest, company representatives said in a statement.

Germany’s retailer Kaufland continues its expansion in eastern Romania by opening a hypermarket in the town of Husi (Vaslui County), and thus reaches a 152-store network in Romania.

On January 17, 2022, Romanian Law no. 22/2022 entered into force for amending and supplementing the Emergency Ordinance no. 194/2002 regarding the status of foreigners in Romania, a regulation that outlines the legal status of the concept of digital nomads in Romania.   This regulation represents a considerable legal novelty given the changes of work conditions […]

Cargus continues to develop the national Ship & Go network and is dedicated to every aspect of e-commerce in Romania. The innovative system of delivery and collection points, together with the complex of services available to customers and end recipients, makes deliveries increasingly simple and satisfying for all buyers.     By connecting online stores […]

The Romanian company Color Smart Distribution, sole importer and distributor in Romania and Republic of Moldova of Benjamin Moore and Novacolor, expands its portfolio and brings to Romania and the Republic of Moldova the American brand of premium paints, Pittsburgh Paints.   Pittsburgh Paints is the world’s No. 1 brand of paints and special materials […]

The map of football lovers from Romania and abroad will be enriched, starting with this year’s summer, with a new destination: Football Museum Bucharest. The first museum dedicated to football inaugurated in Romania will be located in a building of over 1.500 sq m in the Old Town of the Capital, dedicated exclusively to exhibitions […]

German automotive parts supplier Continental has invested roughly EUR150 million in Romania in 2021, continuing the steps taken in the last years, during which time it has invested in high-end equipment and new technologies for the automotive sector.

Portugal’s EDP Renewables (EDPR), the third largest renewable energy investor on the Romanian market, said it plans to invest in additional green energy projects in Romania with a capacity of 1,000 MW, the Romanian government said in a press statement on Wednesday (March 16, 2022).

Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government decided in its Wednesday's meeting.

American company Barings, a leading global investment management firm, has concluded an agreement with MassMutual Romania Global Business Services in order to set up a team of employees in Romania, who will work on a range of strategic projects carried out by Barings.

Scandinavian furniture and home products retailer JYSK is expanding further in Romania and opening a new store in Otopeni, Ilfov county, on March 17th, thus reaching a network of 118 units domestically.

Days after a Russian drone crashed in Croatia, Romania has reported that a Russian Orlan-10 aerial drone was spotted in its airspace. An investigation is underway to determine the origins and the operator of the drone.

The IT industry in Romania has experienced an impressive development, especially in recent years, with more and more professionals working in this field. Anyone who wants to work in this field can be hired by an IT company, can conclude a collaboration agreement, or even start an IT business in Romania.   The first step […]

The European Investment Bank (EIB) Group provided EUR907 million in 2021 for new investments across Romania.

Last year the European Investment Bank Group provided EUR 907 million for new investments across Romania.    The EIB Group’s engagement in the country included financing for construction of two new regional hospitals, modernization of the national electricity network to harness renewable energy and deployment of smart meters, improving energy efficiency and scaling up high-impact […]

China-held OPPO, one of the world’s biggest players on the smartphone market, has managed to reach a 10% share of Romania’s smartphone market at the end of 2021, namely in around one year and a half since officially entering the market, and wants to reach the third position on the market this year.

Zitamine is launching the first personalized nutrition service in Romania, an innovation in the vitamin and supplement industry, created through science and technology.    Zitamine offers a subscription to natural vitamins based on a personalized recommendation. The recommendation is generated by an algorithm that determines the unique nutritional profile of each customer. The vitamins are […]

Canada's lithium development company Rock Tech Lithium could invest EUR400 million to build its second European lithium converter and refinery in Romania, as per a Memorandum of Understanding signed with the Romanian Government on Monday (March 7).

German giant Varta wants to produce batteries for electric cars in Romania and is willing to invest EUR1 billion, Roxana Mînzatu, Secretary of State in the Ministry of European Investments and Projects, said in a Facebook post on Friday.