Romania | News

Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in the city of Pitesti, on October 7, reaching a 107-unit network.

Hungary’s roof tiles producer Terran opened a solar roof tile factory in Hungary wherefrom it will bring products to Romania as well, starting 2022.

The National Union of Insolvency Practitioners in Romania (UNPIR) has elected Niculae Balan for a new term as president, for a four-year period.

Globalworth, the leading office investor in Central and Eastern Europe and the office market leader in Romania, announces that, starting with July 2021, all its 16 office buildings will use 100% green energy from renewable sources.   Globalworth owns 16 class “A” offices in Bucharest which are predominantly leased to a diverse and international tenant base […]

The Senate, as the higher chamber of the Parliament of Romania gave a green light to the implementation of the digital nomad visa programme in Romania.   The draft law initiated by the parliamentary group USR PLUS defined „digital nomad” as being the foreigner who is working under an employment contract with a company registered […]

AmCham Romania said in a statement that Romania’s National Recovery and Resilience Plan (NPRR), approved by the European Commission and one of the few projects that enjoys cross-party support in Bucharest, has the potential to become a new T 0 for Romania, provided its implementation is prioritized at all levels of the administration and managed responsibly, coherently and professionally.

German fashion group Anson’s, active on the market of large multibrand-type stores market, is readying to open its first unit in Romania, which will be located within the Sun Plaza shopping mall in capital Bucharest.

Sphera Franchise Group, owner of KFC, Pizza Hut and Taco Bell franchises, brought 112 workers from Sri Lanka to Romania in the first half of 2021 to set off the domestic workforce shortage.

Spanish giant Inditex, owner of Zara and other major fashion brands, has 1,805 important suppliers worldwide and its items are manufactures in more than 8,500 plants across the world. None of this production units is present in Romania.

Jewelry chain Teilor plans to invest RON30 million by yearend to develop its store network in Romania, Poland and Hungary, with the amounts earmarked per project averaging RON3.5 million.

Over 150 participants from Romania have registered for NASA Space Apps Challenge, the largest space and science hackathon in the world, which will take place on October 2-3., online. The grand award of the global competition is the chance to participate in the launch of a space shuttle in 2022.   Those who want to […]

Burger King Romania, operated by AmRest, one of the largest European restaurant and food service platforms, celebrated two years on the Romanian market. Since the opening of the first restaurant in September 2019 in Bucharest, the company has continued to expand, despite the pandemic, currently managing 9 restaurants in Romania. In July 2021, AmRest opened […]

French group Kering, with luxury brands such as Gucci, Saint Laurent or Balenciaga in its portfolio, controls a shoemaker in Baia Mare with over 650 employees. The plant, founded two decades ago, reached a turnover of almost EUR20 million in 2020, being Romania’s eighth biggest footwear maker.

The 20 largest companies on Romania’s private specialized healthcare market reported total turnover of around RON3.3 billion last year, up 16% year-on-year, and had 12,000 employees. The market included 7,951 firms with total turnover of around RON7.2 billion and 32,500 employees.

UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its sales increase by 19.2% in the first half of 2021, compared with the year-ago period, as a result of the greater demand for home improvement products from consumers.

Fitbit, part of US giant Google, which has a software development team on the local market, has officially launched in Romania the new health monitoring and physical activity of the Charge range- Charge 5, which will be available as of September 27, 2021.

The over 1,700 foreign tourists who came to Romania for medical treatments in the first six months of this year spent around RON10 million, meaning each tourist spend about RON6,000, according to ZF calculations based on National Statistics Institute data.

Hipic Prod Impex in Sibiu County, controlled by fashion group Prada, will invest EUR19 million in a new plant in Romania and create more than 330 jobs.

Romania’s Rodbun, owned by Alexandru Iancu and Daniel Muntean, will deliver grain seeds to Africa’s Democratic Republic of Congo and expects its operations to top EUR5 million in the first two years.

More than one million firms (1,056,574) have been deregistered in Romania over the past 30 years, with most of them vanishing from the market in 2002, 2006 and 20119, reveals an analysis by Termene.ro platform.