Romania | News

Online sales will see an about 23% growth in Romania in 2021, higher than the European average put at 12%, Romania’s association of online stores ARMO said in a release.

Clariant, a focused, sustainable and innovative specialty chemical company, today announced the official completion of its sunliquid® cellulosic ethanol plant in Podari, Romania. The completed construction is an important next step for the commercial deployment of sunliquid® technology and thus supports Clariant’s sunliquid® licensing business strategy. The facility will be operational in the fourth quarter, […]

A total number of 38 law firms and 150 lawyers have made it to the final rankings of IFLR 1000. As well as being one of the highest ranked law firms, Țuca Zbârcea & Asociații also received the largest number of lawyer nominations in Romania.   Țuca Zbârcea & Asociații reconfirms its top-notch position in […]

Belgium-held Etex Building Performance, which owns building materials maker Siniat, is set to invest EUR10 million in the next two years to boost its production capacities and develop new products, explained Andrei Popa, country sales manager Romania & SEE region with Siniat/Etex Building Performance.

Oveit, the company that launched the Live Stream Shopping concept in Romania, brings up new opportunities for e-commerce entrepreneurs and retail companies. After obtaining funding of 450.000 euros at the beginning of the year, Oveit focused on the technical product development of Streams.Live, and on concluding partnerships with retailers globally. Recently, the company announced its […]

Romania’s current account balance ended January-August 2021 with an EUR10.1 billion deficit, 55% higher than the EUR6.5 billion in January-August 2020, Romania’s central bank data show.

Romania’s total external debt increased by EUR8.4 billion to EUR135.2 billion in January-August 2021, of which direct public debt accounted for EUR60.7 billion, EUR3.46 billion more than at the end of last year, when it stood at EUR57.3 billion, Romania’s central bank data released on Thursday show.

The logistics group CHEP, leading pallet pooling supplier for the European supply chain, announces the appointment of Gabriel Ivan as the Country General Manager for Romania and Bulgaria after three years of his success in leading the development of the local subsidiary.   In this expanded role, Gabriel Ivan will help advance supply chain collaboration […]

Starting this month, Interbrands Orbico becomes the most important player on the FMCG distribution market in Romania, once the merger is completed. Thus, the company brings customers an integrated portfolio of over 200 brands and 12,000 products in categories such as tobacco, perfumery, household, food and non-food.   Interbrands Orbico’s portfolio partners include Philip Morris, […]

Fintech Revo Technologies that introduced its Mokka Buy Now, Pay Later service in Romania earlier this year has announced its partnership with GoMag, the most appreciated e-commerce platform in Romania, that supports the work of more than 2,250 online stores.     The partnership with GoMag will allow all its online merchants to enable Mokka […]

Valentin Bargau, Director, Chief Investment Officer at Restart Energy, spoke at BR’s Environmental & Sustainability Summit 2021 about the Romanian energy sector, green & renewable energy production, and the investment opportunities available in this area.   Considering that we have to import energy sometimes to cover the demand, how stable is the energy industry in Romania today? The […]

E.ON Romania, a group with a EUR1.2 billion domestic business focused on energy and natural gas distribution and supply, is involved in the development of 150 solar power projects for business clients, after the company has already completed 200 such investments.

Italian fashion group Prada, a major player in the luxury industry, is building a new, 11,000-sqm, plant in Romania, due to be finalized next year.

Starting October 2021, ICEBERG launches a Hub in Romania supported by EIT Urban Mobility, together with its partners, Spherik Accelerator and The Romanian Federation of Metropolitan Areas and Urban Agglomerations.   Hub in Romania supported by EIT Urban Mobility By representing EIT Urban Mobility, which is an initiative of the European Institute of Innovation and […]

Raiffeisen Asset Management (RAM), which specializes in managing the investment funds of Raiffeisen Group in Romania, has become the largest mutual fund manager on the local market, after the company’s assets exceeded RON6 billion at the end of August 2021.

Producers of electronics and electrical home appliances in Romania manufactured products worth over RON8.1 billion in 2020, higher by 12% than the 2019 level and almost fourfold higher than in 2008, per calculations by Ziarul Financiar based on Trade Registry data.

The average value of a transaction closed in Romania stood at $15 million in 2021, lower by 24% than the average recorded in 2020. Domestic deals grew by 13%, accounting for half of the volume of transactions and averaging $8 million per deal, according to EY data.

Romania’s e-commerce market ranks 50th globally, with a value of $3 billion in 2020, ahead of Bangladesh and below Singapore, in line with data provided by research platform ecommerceDB.com.

The World Bank on Tuesday (October 5) revised upwards its forecast on Romania’s economic growth to 7.3% in 2021, from a previous projection of 6% in June 2021, followed by a 4.8% GDP growth in 2022 and a 3.9% GDP growth in 2023.

Connections Consult SA,  leader on the digital transformation market in Romania, listed on the AeRO market of the Bucharest Stock Exchange (BVB) under the symbol CC, announces the acquisition of 100% of the shares of Brusch Services SRL, specialized in IT consulting and software development in nearshoring regime (provision of services to markets close to […]