Romania Feed

Romania, Hungary and Croatia rank as the best countries for running small and mid-size enterprises in Europe, according to the consulting firm Company Romania. The criteria used to put together the ranking accounts for various factors, which include tax rates, levels of bureaucracy, and corruption.   The ranking shows the most favorable countries in European […]

Iulius Mall, part of Iulius Town Timișoara, the largest mixed-use urban regeneration complex in the west of Romania, was awarded the LEED® GOLD certification by the US Green Building Council. IULIUS Company owns the only nationwide network of LEED® certified shopping malls in Romania, all its projects being focused on lining up with international sustainability […]

Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, will end this year with RON300 million revenue, compared with RON192 million the previous year, company officials say.

Aukera, a green energy investment platform backed by AtlasInvest, a Belgian private investment company already active in renewable and conventional energy, aims to develop, build and operate a portfolio of wind and solar projects of over 1 GW (1,000 MW) in Romania.

Construction material manufacturer Cemacon Cluj-Napoca (CEON.RO) on Monday evening notified the Bucharest Stock Exchange that its CEO since 2010, Liviu Stoleru, would step down as of January 1. His replacement is Daniel Sologon, the chief financial officer who has been planning and implementing the reconstruction and development of the company along with Liviu Stoleru in the past twelve years.

Romania's finance ministry on Monday raised RON470 million (EUR94.9 million) selling bonds maturing in 2029 and 2025, at average yields of 5.55% and 4.88%, respectively, below the planned level.

Airbus Helicopters Romania has completed the delivery of the second retrofitted H215 helicopter to the Finnish Border Guard (FBG), in an acceptance ceremony taking place at its headquarters in Ghimbav.

Air passenger transport plunged by 73.3% in 2020 across the European Union, with Luxembourg, Bulgaria, Greece and Romania reporting the lowest decreases among the 27 EU member states, ranging between 65% and 70%, data from Eurostat, the statistical office of the European Union, showed on Monday.

Azomures Targu Mures, one of the main producers of fertilizers for agriculture, is going to start preparations for the temporary shutdown of manufacturing operations, as a result of the rising power and gas prices, the company said.

Dutch-Belgian grocery retailer Mega Image is launching a new own brand, Mega, which includes both food and non-food products and will be available soon across the entire store chain in Romania.

Everyone remembers the stuffed animal they used to drag around when they were little kids. Dolls give little kids something to hold on to, whether it’s a monkey, rabbit, or teddy bear.   The rise of kawaii culture keeps pushing stuffed toys into the mainstream for adults too. They’re perfect for adding a little fun […]

Law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided legal assistance to ROCA Investments and the company Emerging Europe Refrigeration & Services (EERS) in the sale of Frigotehnica, a manufacturer of refrigeration solutions, to VINCI Energies, part of VINCI Group.

Following the valuable insights presented by Bogdan Ion, Country Managing Partner, EY Romania & Moldova & COO EY South-East & Central Europe and Central Asia, during his opening keynote speech at BR’s recent Foreign Investors Summit, Ileana Gutu, Associate Partner, Economics and State Aid Services at EY Romania, also talked about Romania’s competitiveness and its […]

According to PwC, consumers are returning to in-store shopping in greater numbers, and out-of-home entertainment and travel are on the rise as three in five (61%) express optimism about the future, according to the latest PwC 2021 Global Consumer Insights Pulse Survey.

Romanian IT company AROBS Transilvania Software has debuted on the AeRO market of the Bucharest Stock Exchange (BVB) and its shares are traded under the ticker symbol AROBS.

Holde Agri Invest (HAI.RO), a Romanian company operating farmland, is in advanced talks to access a credit facility in the maximum amount of RON170 million, as approved by the Extraordinary General Meeting of the Shareholders of November 24, 2021.

Mihaela Cuturescu was appointed Chief Executive Officer (CEO) of Romanian ice cream producer Alpin 57 Lux, headquartered in Sebes (Alba County), in November 2021.

Alcohol abuse is not only devastating to the person in question, it can also drastically affect the lives of their loved ones and family members. Detecting warning signs may be obvious enough to notice but is it really something that can be handled easily?    People who suffer from a drinking problem and addiction in […]

Groupama Asigurari, the Romanian subsidiary of the French group of the same name, saw the volume of gross underwritten premiums go up by 15% in the first nine months of this year, to around RON870 million, according to Francois Coste, the company’s CEO.

Daniel Popa, country manager of Reynaers, a producer of aluminum systems for the constructions industry, said the company would open two new showrooms in Brasov and Constanta in 2022 after having opened 3 showrooms in Iasi, Cluj-Napoca and Timisoara in 2021.