Romania Feed

Romania's finance ministry on Thursday raised 228 million lei (EUR46 million) from banks by selling a new issue of bonds maturing in 2036, at an average yield of 5.32%, central bank data showed.

Sameday conducted a study on how e-commerce consumers relate to the courier market. The results illustrate key data about the profiles of the Romanian buyers and the expectations they have from courier companies.   76% of e-commerce consumers place at least 2 orders per month According to research, in Romania, 76% of those who shop […]

Workspaces have remained a decisive factor for Romanian employees in job selection decisions, as the health of offices remains key to regaining employee confidence and the pandemic shows no signs of coming to an end in the near future. Thus, employees’ expectations regarding their workspaces remain high, with more than a third saying they might […]

Speedwell, the real estate developer, signed a Promissory Sales Purchase Agreement for a 9-hectare land plot with the purpose of building a new project in Bucharest’s District 1. The project with a 500-million-euro value will double up Speedwell’s portfolio size.   Developer Speedwell announces signing a PSPA for a 9-hectare plot of land in Bucharest, […]

Romania’s public debt has decreased by RON4 billion to RON552.4 billion, or 48.2% of the country's gross domestic product (GDP), in October 2021, as compared to RON556.4 billion, or 48.5% of the GDP, in September 2021, in line with finance ministry data released on Thursday (Dec 16).

The Board of Directors of lender Patria Bank on Thursday approved the appointment of Georgiana Mihaela Stanciulescu to the position of Deputy General Manager - Financial Division, member of the Board, for a four-year term, starting with January 1, 2022.

Logicor, a leading owner and manager of logistics real estate in Europe, has completed the development of a state-of-the-art warehouse in Mogoșoaia, Romania. The brand-new 38,000 sqm Building D, fully leased ahead of development completion, is part of the Logicor Bucharest I logistics park and offers fast distribution access to Bucharest and the rest of […]

Insurance company Allianz-Tiriac on Thursday reported gross underwritings of over RON1.2 billion in January-September 2021, up over 19% on the year, with all significant business lines seeing increases in sales, amid higher client numbers.

Globalworth, the leading office investor in Central and Eastern Europe and the office market leader in Romania, has earned the WELL Health-Safety Rating for the entire portfolio of almost half a million square meters consisting of 15 office buildings in Romania. The WELL Health-Safety Rating is an evidence-based, third-party verified rating for all new and existing building […]

Employment laws can be confusing. Handling a wrongful termination case can be challenging. Remember, you must prove that you were wrongly terminated. That’s why it’s advisable to partner with the right lawyer. That’s where an employment lawyer comes in. Among other things, a wrongful termination attorney will protect your rights and secure you the right […]

Manufacturing tolerance existed from the presence of the first engineering drawing. The manufactured tolerance of a part can be measured as the deviation from perfection. The measurements for the variation from precision must be within defined limits. The assigned degree of tolerance depends on the primary function of the part.   Understanding Tolerancing Principles Properly […]

Running a business with a physical location and products comes with a lot of responsibility. In addition to serving your customers, you also have to worry about managing inventory, personnel, and other day-to-day tasks. When it’s time to downsize or close the business, the process of liquidating can be a lot more stressful, if not […]

Grampet, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, is present on the logistics segment in Austria with the company Grampetcargo Austria.

The volume of Romanian construction works decreased, in unadjusted data, by 2.0%, in in January-October 2021 as compared to the same period of 2020, and by 1.3% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.

Bittnet Training, part of the Bittnet Group listed on the Main Market of the Bucharest Stock Exchange, on Thursday announced its entry into the Moldovan market by signing a partnership with Reliable Solutions Distributor (RSD), a local business and software solutions company.

The gradual comeback of consumption in 2021, despite pandemic-related uncertainties, is fueling a revival stronger than estimated in early 2021 in terms of marketing expenses and implicitly of the media market which is seen growing 17% to EUR540 million, in line with the Media Fact Book annual report by media agency Initiative Romania.

While illegal deforestation is still a huge problem for Romania, today, our forests are on the verge of losing another battle, this time for the allocation of European funds under the PNS (National Strategic Plan). Only 0.46% of the funds are allocated to forest conservation and sustainable management, and NGOs are warning that at least […]

For this Christmas, Business Review has started a list of Romanian entrepreneurs and businesses offering Christmas packages and gifts. For those interested in some Romanian curated goodies, Business Review talked with Alina Iancu, founder of Revino.   How do you describe your work to someone who doesn’t know anything about your offers?  Revino Gourmet is an […]

Metropolitan Life, the local subsidiary of Ireland’s Metlife Europe, ended the first nine months of 2021 with underwritten premiums worth RON389.5 million, 29% higher than in the same period of last year, according to the company’s representatives.

Cold cuts producer Meda Prod 98, a major player on the market, will generate turnover of around RON300 million in 2021, compared with RON217 million in the previous year.